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Corporate/Industrial News
How the Bank Mess Can Hit Home Buyers
Lenders probably aren’t going to be buying many mortgage bonds, which could put upward pressure on mortgage rates. Source link
As Rates Rose, Banks Did a Balance-Sheet Switcheroo
Lenders pledged to hold on to money-losing bonds until maturity, allowing them to avoid reporting losses. Source link
Micron Revives Some of Its Worst Memories
The memory-chip maker is now losing billions as it writes down inventory to wait out downturn. Source link
Adidas to Drop Opposition to Black Lives Matter’s Three-Stripe Logo
Business Sportswear company had challenged campaign group’s bid to trademark its logo design Source link
For Alibaba, Six Is Bigger Than One—And a Smaller Target
There are good reasons to think that a split-up Alibaba would be more valuable. In this case, politics and profits are pointing in the same
UBS Brings Back Sergio Ermotti as CEO
UBS said its former leader Sergio Ermotti will return as chief executive, as the Swiss banking giant moves into a new era with its takeover
‘Succession’ Season 4 Premiere Draws 2.3 Million Viewers, a Show Record
Business Media & Marketing It is the Emmy-winning HBO show’s final season Source link
EV Startup Lucid Cuts 18% of Workforce, Including Some Executives
The maker of high-end electric cars plans to lay off about 1,300 employees. Source link
Americans to Be Barred From Buying Ozempic in British Columbia
Provincial health officials urged doctors and pharmacists to make sure people are taking the drug to treat diabetes, not lose weight. Source link
NFL, RedBird Team Up to Distribute Sunday Ticket Games to Bars, Restaurants
WSJ News Exclusive Media & Marketing Sunday Ticket was previously the remit of DirecTV, and YouTube recently acquired residential rights for popular subscription package Source