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Stocks making the biggest moves midday: Digital World, Domino's, Revlon, Albertsons and more

In this article DAL DWAC Follow your favorite stocks CREATE FREE ACCOUNT Revlon signage is seen on display in a Boots store in London, Britain, June 16, 2022. Hannah McKay | Reuters Check out the companies making headlines in midday trading. Digital World Acquisition — The company planning to take Donald Trump's media company Truth Social public surged 20%, continuing its ascent on an announcement Wednesday that Google would allow the media company into its app store. The company was previously banned. Relmada Therapeutics — Shares of the biotech company plummeted 78.2% following an announcement that a drug for treating depression did not meet goals for its late-stage study. It was a 52-week low for the stock. Albertsons – Shares of the Safeway and Acme owner surged 12.6% on news that a potential buyout by rival supermarket operator Kroger could come as soon as Friday. Kroger shares dipped 2.1% on the report. Domino's Pizza — Shares of the pizza chain jumped more than 8%...

Stocks making the biggest moves midday: Apple, Amazon, Intel and more

In this article TMUS DXCM DVA EW AMZN INTC AAPL Follow your favorite stocks CREATE FREE ACCOUNT Customers shop at the Apple Fifth Avenue store for the release of the Apple iPhone 14 in New York City, September 16, 2022. Andrew Kelly | Reuters Check out the companies making headlines in midday trading. Apple – Shares of Apple jumped 8% after the technology giant beat both top and bottom line estimates when it reported earnings results for its latest quarter. Intel – The chip stock popped 10% after surpassing analysts' estimates for the recent quarter and outlining a plan to reduce costs by $10 billion over the next three years. Amazon – Shares of Amazon slipped 9% Friday after the retailer on Thursday reported quarterly revenue that fell short of Wall Street's expectations. The company also projected weaker holiday sales than analysts expected. T-Mobile – T-Mobile stock jumped 6% after the telecom company reported the largest jump in subscriber numbers since 2020, when it m...

Mark Zuckerberg's net worth drops as Meta, Facebook struggles

Facebook founder Mark Zuckerberg has seen his net worth slashed by more than $100 billion this year, according to Bloomberg's Billionaire Index, as Meta, Facebook's parent company , faces investor pessimism about its future growth trajectory. The 38-year-old is now worth approximately $36 billion. By comparison, heading into Thursday, Tesla CEO Elon Musk was worth $211 billion , Amazon founder Jeff Bezos was worth $139 billion , and Microsoft co-founder Bill Gates was worth $110 billion , per Bloomberg data. Meta shares were down as much as 22% in Thursday trading, making the company worth approximately $271 billion. Zuckerberg owns nearly 367 million Meta shares, according to the data website Whale Wisdom. That amounts to about 13.5% of all its outstanding stock. Meta reported earnings Wednesday evening that fell short of analysts' expectations , with multiple Wall Street analysts issuing downgrades. The company faces increasing competition from other social media platfo...