Our call of the day from JonesTrading’s Michael O’Rourke says there is no middle ground in this market right now and cloud-software group Fastly may offer a cautionary tale for investors.
“The Canadian price increase supports our view that broader price hikes are probable in the near-term,” Jefferies analyst Alex Giaimo said in an Oct. 8 note.
Two-thirds of Procter & Gamble’s shareholders this week defied the company’s own recommendations, upping the pressure on the consumer-goods giant to reduce sourcing virgin timber for its Charmin toilet paper, Puffs tissues, Bounty paper towels and more.
Robert Smith, the billionaire chief executive of Vista Equity Partners, has reached a $140 million settlement with the Justice Department, ending a yearslong criminal tax probe, according to people familiar with the matter.