Nike bonds sell off, mirroring the sneaker maker’s stock slide

There has been significantly more selling than buying in Nike’s bonds, although investment-grade spreads have hardly budged.

Topics

Trump hits pause on blocking a trade loophole. Temu parent’s stock gains.

The U.S.-listed shares of Temu parent PDD Holdings finished higher Friday after the Trump administration pulled back on its effort to close a so-called de minimis exemption that lets shipments ...
MarketWatch - 1h
Trump, and home buyers, could get their wish for lower mortgage rates — if markets cooperate

The president’s focus on the 10-year Treasury note is part of Trump’s efforts to bring down mortgage rates, a campaign promise.
MarketWatch - 1h
Canopy Growth’s drop in adult-use pot sales snuffs out cannabis-stock momentum

Canopy’s stock reversed on earnings after seeing a rally sparked by the possibility of marijuana reform in the U.S.
MarketWatch - 2h
Frontier Air’s stock rallies as its rosier outlook, new routes wow Wall Street

Frontier plans an expansion to cities such as Reno, Nev.; and Tuscan, Ariz.
MarketWatch - 2h
Profitable cement company Titan America touts Florida, Mid-Atlantic reach in IPO

Titan America’s IPO raises $384 million by pricing toward the low end of its range.
MarketWatch - 2h

Palantir’s ‘revolving door’ with government spurs huge growth

Peter Thiel-chaired group has Washington and Westminster network that helped secure around $3bn in official contracts
Financial Times - 20m
Trump Says He Will Announce Reciprocal Tariffs Next Week

The president said he planned to impose tariffs on countries that tax U.S. products. He also paused an action against China, allowing its low-cost products to again enter the U.S. tariff free.
The New York Times - 30m
Judge pauses Trump plan to put USAID staff on leave

Judge Carl Nichols said he would be entering a "very limited" temporary restraining order directed at the 2,200 at-risk USAID workers.
CNBC - 31m
Beauty stocks post major losses after a week of worrying results

Several beauty stocks tanked this week, as companies such as E.l.f. Beauty and Estee Lauder reported disappointing earnings and cut guidance.
CNBC - 31m
Lyft and Anthropic Are Joining Forces to Bring Artificial Intelligence to Ridesharing

The partnership follows a collaboration between Lyft’s rival Uber and OpenAI.
Inc. - 57m