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China’s central bank PBOC warns against yuan speculation

The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week.Getty ImagesBEIJING — The People's Bank of China has warned against betting on the yuan, after its rapid decline against the U.S. dollar this week."Do not bet on a one-sided...

Stanley Druckenmiller sees ‘hard landing’ in 2023 with a possible deeper recession than many expect

Billionaire investor Stanley Druckenmiller believes the Federal Reserve's attempt to quickly unwind the excesses it helped build up for a decade with easy monetary policy will not end well for the U.S. economy. "Our central case is a hard landing by the end of '23,"...

Hertz, Ford, Keurig Dr Pepper and more

Check out the companies making the biggest moves midday:Hertz — Shares of the rental car company jumped 4.42% after the company announced a partnership with BP's electric vehicle charging unit that will put thousands of charging stations at Hertz locations. Many of the...