Fitch Ratings predicts more negative rating activity in the second half of the year as banks face ‘formidable but manageable headwinds’
: Biden says he plans to meet China’s Xi even after calling him a ‘dictator’
President Joe Biden on Thursday said he expects to meet with Chinese President Xi Jinping in the “near term,” even as he stood by calling Xi a dictator.
Distributed Ledger: Wall Street firms double down on crypto after SEC sues Binance, Coinbase. Who will win the competition?
The latest Distributed Ledger column from MarketWatch: a weekly look at the most important moves and news in crypto.
: Overstock’s shares soar on successful $21.5 million bid for Bed Bath & Beyond assets
The Asset Purchase Agreement includes all Bed Bath & Beyond’s business IP, its business internet properties and its mobile platform.
: Live sports is the new ‘Moneyball’ for streaming, Morgan Stanley says
Falling valuations of broadcast and sports networks are likely to spur a domino effect that will determine where people watch major sporting events over the next decade, according to a new report.
FA Center: Stocks have already absorbed the Fed’s rate-hike pause
After rallying in the wake of the Fed’s recent meeting, the U.S. stock market is losing ground.
Lawrence G. McMillan: The stock market is taking a breather after a burst of strength
U.S. stocks give no sell signals yet, but the market is now in a negative seasonal period.
: AMC stock slides 9.9%, while APEs rise
AMC’s stock fell 10% Thursday, while AMC’s Preferred Equity units rose 8.8%.
The Ratings Game: Avis’s stock gets ratings upgrade as demand for travel continues
Avis has a history of extracting higher revenues as well as lower costs and higher margins than competitor Hertz, Morgan Stanley analysts say.
Washington Watch: U.S. companies told to adapt as Washington fights against forced labor in China: ‘It’s going to be a very different environment’
CPB seized Chinese imports last year under a forced labor law, but officials say some companies are evading regulations.
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