Stock Market News |
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SEC probe of B. Riley widens as struggling firm’s stock drops more than 50% on profit warning – New York Post | |
JetBlue downgraded by S&P and Moody’s amid $3B debt raise – Fox Business | |
Universal Music, Meta expand music licensing agreement – Reuters | |
Bank of America no longer predicting recession, CEO says – Fox Business | |
Three-year inflation outlook hits record low in New York Fed consumer survey –
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Market sell-off won’t last as there’s no tech bubble to burst, CIO says – CNBC | |
Citigroup’s head of digital assets for markets unit departs, memo says – Reuters | |
LL Flooring to close 94 stores as it files for bankruptcy – Fox Business | |
U.S. crude oil rises a fifth day, tops $77 per barrel, as Pentagon sends more forces to Middle East – CNBC |
Trends to Watch |
Gassed Out: Exxon lays off 59 workers, starts job cuts after Pioneer acquisition close (Reuters) |
Leveraged: Investors Borrowed Like Crazy During the Rally. Now They’re Paying the Price. (Wall Street Journal) |
Fast Food Price Wars: KFC expands $5 value menu to include nuggets, drums and more (USA Today) |
Workout Over: Blink Fitness files for bankruptcy and may close some gyms (CNN) |
Successful: Latvian startup closes €80K in crowdfunding to boost production of electric camper-trikes (ArcticStartup) |