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  Barrons.com

  These Stocks Are Moving the Most Today: JPMorgan, Wells Fargo, Citigroup, UnitedHealth, Dollar General, Progressive, and More

  Earnings from JPMorgan Chase, Wells Fargo, and Citigroup top estimates, Dollar General's former CEO will be coming out of retirement to lead the discount retailer, and net premiums written at Progressive jump 20%.

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  Reuters

  Exclusive-Banks assess China risks after being stung by Russia sanctions

  Big banks in Britain are preparing for any future escalation of Western sanctions on China and have shared their "scenario planning" with the British and U.S. governments, a senior banking official has told Reuters. The project involves sharing lessons learned from other sanctions frameworks, including those on Russia, and discussions about the effect any measures imposed on China might have, Neil Whiley, director of sanctions at lobby group UK Finance, said. After many companies were wrongfooted by the speed and breadth of prohibitions on Russia, banks are drawing up contingency plans in case geopolitical tensions between the West and China escalate, seven finance industry sources said.

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  TipRanks

  2 Big Dividend Stocks Offering up to 8% Yield; Bank of America Says ‘Buy’

  The only certainty is change, and that’s on investors’ minds today, now that the latest inflation data is out. The Bureau of Labor Statistics reported a month-over-month gain in consumer prices, the CPI, of 0.4%, and an annualized CPI rate of 3.7%. The annualized rate was flat from August, and both figures were unfavorable compared to the expectations, which ere 0.3% and 3.6% respectively. These data points come as economic headwinds are piling up. Oil prices are rising along with the heat in th

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  The Wall Street Journal

  Microsoft Closes $75 Billion Activision Blizzard Deal

  Microsoft  closed its $75 billion acquisition of Activision Blizzard the largest in a decade of deals under Chief Executive Satya Nadella that have positioned the software giant at the center of sectors from videogames to artificial intelligence. The purchase, which closed Friday, is the biggest deal in its nearly 50-year history and took 21 months to get through a global gauntlet of regulators. Activision’s stable of best-selling franchises, including Call of Duty and Candy Crush Saga, will bolster Microsoft’s videogame business by more than half to above $24 billion.

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  Reuters

  Fed's Harker: Amid ongoing disinflation, rate hikes likely over

  Federal Reserve Bank of Philadelphia President Patrick Harker said Friday he believes the central bank is likely done with rate hikes amid an ongoing waning in price pressures. “Absent a stark turn in what I see in the data and hear from contacts,” Harker said in a speech text, “I believe that we are at the point where we can hold rates where they are.” “It will take some time for the full impact of the higher rates to be felt,” the official said, adding “holding rates steady will let monetary policy do its work,” and as monetary policy is now restrictive, “we will steadily press down on inflation and bring markets into a better balance.”