Wall Street appeared to breathe a sigh of relief as Unity’s unpopular CEO, John Riccitellio, left the company.
: Biden to ask Congress for ‘urgent action’ to help Israel after ‘sheer evil’ of Hamas attacks
President Joe Biden on Tuesday said he would ask Congress to take “urgent action” to aid Israel after what he called “sheer evil” attacks by Hamas.
: Less than 25% of Under Armour sales are women’s wear. Here’s how its new CEO plans to double that.
Under Armour derives less than a quarter of its sales from women’s products, but the company is looking to capitalize on a rapidly growing market opportunity.
: Akero Therapeutics shares plunge on liver disease treatment’s mixed results
Company’s lead product candidate shows some benefit for patients with cirrhosis due to fatty liver disease
: Carvana’s bondholders face ‘uncertainty’ in used-car market and volume worries
Carvana Co.’s bondholders might run against a ‘tough combination’ of rising interest rates, double-digit financing costs, and tighter used-car inventories.
In One Chart: Why Wells Fargo sees potentially ‘good entry points’ in long-term bonds after yield surge
Long-term bonds look appealing to Wells Fargo Investment Institute after they were hurt by a surge in yields.
The Tell: U.S. Treasurys are seeing longer bear market than stocks did in the 2008 financial crisis or 2000 dotcom crash
Longer term U.S. Treasurys are experiencing a bear market longer than what stocks did during the 2000-2002 dotcom crash and the 2007-2008 financial crisis, according to DataTrek Research.
: Tupperware’s stock soars more than 23%, on pace for largest gain since August
Tupperware’s stock has attracted plenty of attention in recent months, despite the company’s woes.
: SEC tightens rules on activist investors amid Musk-Twitter investigation
The SEC adopted new rules that require activist investors to disclose more quickly when they’ve made an aggressive play to buy up a target company’s shares.
The Tell: Defensive stocks have traded poorly this year, but this strategist says they are in a sweet spot
U.S. stocks in the underperforming defensive sectors may be due for a comeback in the coming months as fears of an economic slowdown will push Treasury yields lower and increase demand for safe-haven assets in equities, according to Sevens Report Research.
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