Blog – Left Sidebar

You should have some fresh water, charged batteries, and small bills for when a fire or flood hits. You should also have a mental roadmap for when a stock market crisis happens.

WeWork is finally going public, after the flexible office space company announced Friday a merger with special-purpose acquisition company BowX Acquisition Corp. in a deal valuing WeWork at $9 billion.

Shares of ViacomCBS Inc. kept plunging Friday, putting them in danger of suffering their biggest-ever weekly selloff, as yet another Wall Street analysts turned bearish on the media company, citing unrealistic valuations.

U.S. Treasury yields trade higher on Friday as investors digest a raft of data pointing to the struggles of the consumer at the start of the year, even as bond traders are unsettled by the potential for the Biden administration’s $1.9 trillion fiscal stimulus and pent-up household spending to course through the economy in the months ahead, releasing inflationary pressures.

After taking a pummeling over the first three days of the week, shares of GameStop Corp. soar Thursday, aided by retail traders who remain emotionally committed to the videogame retailer even after shares got hammered 24 hours earlier.

The U.S. trade deficit in goods widened 2.5% to %86.7 billion in February, the Commerce Department said Friday.