Johnson & Johnson to price shares of consumer spinoff Kenvue at $20 to $23 in IPO
J&J said it launched a roadshow for Kenvue’s IPO of more than 151 million shares of common stock.
First Republic says deposits tumbled 40% to $104.5 billion in 1Q, but have stabilized since
The deposit flight for the regional bank was worse than Wall Street expected.
SpaceX Starship explosion spread particulate matter for miles
SpaceX Starship explosion leaves researchers looking for answers about health and environmental impacts from debris and particulate emissions.
‘Crypto is dead in America,’ says longtime bitcoin bull Chamath Palihapitiya
Tech investor Chamath Palihapitiya, who previously claimed bitcoin has replaced gold and would eventually get to $200,000, now says “crypto is dead in America.”
Apple declares ‘resounding victory’ after decision reached in Epic Games appeal
An appeals court on Monday mostly sided with Apple over its App Store rules in a suit with Epic Games.
The economy is in a ‘freight recession,’ with China trade decline continuing
As ocean trade volumes continue to fall, rail and road is suffering and the supply chain is in what some executives call a ‘freight recession.’
Here are 3 things Mohamed El-Erian is watching out for in earnings this week
The former Pimco CEO is watching this week’s earnings reports for further potential cost-cutting measures in mega-cap tech companies.
Social media raises bank run risk, fueled Silicon Valley Bank’s collapse, paper says
A new academic paper examines the risk of social media on “distress in banks” and how Twitter conversations amplified the bank run risk ahead of SVB’s collapse.
Goldman thinks the trade right now is on China’s economy and gives 2 U.S. stocks to play it
“We recommend investors own mining stocks, which are levered to China growth through rising metals prices,” Goldman said.
Crypto winter is over — and bitcoin could hit $100,000 by the end of 2024, Standard Chartered says
The U.S. banking sector crisis has solidified the case for bitcoin as a “decentralised, trustless and scarce digital asset,” Standard Chartered said in a note.
