PRESS DIGEST - Wall Street Journal - July 10
July 10 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
- Elon Musk-owned X's chief executive officer Linda Yaccarino said she would step down from the role in a surprise move, just months after the social media platform was acquired by the billionaire's AI startup, xAI.
- Ferrero, the maker of Ferrero Rocher and Nutella, is close to finalizing a deal to buy cereal company WK Kellogg KLG.N for around $3 billion.
- Wendy's WEN.O said its chief executive officer Kirk Tanner was leaving the burger chain after just over a year in the role to take on the top job at chocolate maker Hershey HSY.N.
- U.S. President Donald Trump said he was directing U.S. Transportation Secretary Sean Duffy to be the interim administrator of NASA.
- Lower midmarket firms Angeles Equity Partners and Kain Capital are combining two portfolio companies to create what the firms say will be one of the largest independent occupational healthcare providers in the U.S.
- The Trump administration is urging West African countries to accept migrants deported by the U.S.
Related Articles
Fed Rate Cut Finally Arrives,Dollar Index: Negative Catalysts Largely Priced In,Euro Rally May Be Running Out of Steam
Tradingkey - The Federal Reserve lowered the target range for the federal funds rate by 25 basis points to 4.00%–4.25% late yesterday, as widely expected, and signaled two additional rate cuts this year.
[U.S. IPO] Netskope Raises $908 Million in IPO, Debuts Thursday: A Rising Star in Cloud Security?
TradingKey - Backed by venture capital firm Lightspeed Venture Partners, Netskope Inc., a technology provider specializing in securing enterprise cloud services, has raised $908.2 million in its IPO. The company's valuation now exceeds $7 billion. Netskope is set to list on the Nasdaq under the tick-24998ce9215f4781a8d3878dba968c9e.jpg)
Why the September Fed Meeting Feels So Strange? The Answer Lies with Miran, Cook and Trump
TradingKey - Beyond analyzing whether the updated dot plot after the Fed’s rate decision reflects a dovish or hawkish tilt, investors are increasingly curious about what will become of the Federal Reserve amid political interference, personnel changes, and potential institutional shifts. The Wall
[U.S. IPO] Oilfield Water Giant WaterBridge Raises $634M in IPO; Can It Repeat LandBridge's 125% Surge?
TradingKey - Oil field water management company WaterBridge (WBI) announced on September 16 that its US initial public offering (IPO) is expected to price 31.7 million shares at $20 per share, raising a total of $634 million.
September Global Central Bank Divergence: How Will U.S. Stocks and Forex Markets Move?
TradingKey - Despite the divergence in monetary policies among major global central banks in September (with the Federal Reserve cutting rates while the European Central Bank, Bank of England, and Bank of Japan maintain steady rates), we expect the policy directions of the Fed, ECB, and BoE to...
