Federal Reserve Chairman Jerome Powell last month said the central bank is focusing on headline inflation, rather than core inflation, in a news conference following the Fed’s biggest rate hike Read more
Tag: Corporate Funding
GameStop terminates CFO, reportedly plans layoffs; stock falls
GameStop Corp. shares fell in after-hours trading Thursday, after the company revealed that its chief financial officer had been terminated amid reports of layoffs. GameStop GME, +15.06% stock declined more Read more
GameStop terminates CFO, reportedly plans layoffs; stock falls
GameStop Corp. shares fell in after-hours trading Thursday, after the company revealed that its chief financial officer had been terminated amid reports of layoffs. GameStop GME stock declined more than Read more
GameStop’s stock continues rally, fueled by 4-for-1 stock split
Shares of video game retailer GameStop Corp. GME, +12.71% continued their rally on Thursday, boosted by its board’s approval of a 4-for-1 stock split. The stock split, which is only Read more
FTC proposes new rule to eliminate ‘deception’ and ‘fraudulent add-on products’ in car-buying process
The Federal Trade Commission is considering a move to eliminate junk fees and bait-and-switch advertising from the car-buying process, according to a notice of proposed rulemaking. “For many Americans, buying Read more
Big-name investors are back putting more ‘junk’ in their funds, despite the carnage in bonds
Wall Street investors specialized in buying risky forms of corporate debt to slice-and-dice into securities have added an estimated $2 billion in high-yield, or “junk bonds,” to their funds already Read more
Klarna to raise new funds at slashed $6.5 billion valuation
Klarna Bank AB is nearing a deal to raise new money at a valuation of around $6.5 billion, according to people familiar with the matter, a humbling comedown and a testament Read more
Wall Street profit expectations for megabanks cooled only slightly despite deep freeze in stocks
The disconnect between healthy business performance and ailing share prices in 2022 will likely continue for megabanks through this year’s second-quarter earnings season, amid bear market conditions for stocks. Investors Read more
This segment of the corporate bond market is flashing a warning that investors shouldn’t ignore
U.S. stocks just cemented their worst start to a year in more than half a century. But as the slowdown in the U.S. economy becomes increasingly difficult to ignore, the Read more
Opinion: Stocks could drop 50%, Nouriel Roubini argues. Things will get much worse before they get better.
NEW YORK (Project Syndicate)—The global financial and economic outlook for the year ahead has soured rapidly in recent months, with policy makers, investors, and households now asking how much they Read more