The Brutalist Report

MarketWatch

• The Wall Street Journal: Appeals court deals severe blow to SEC’s in-house administrative courts [1586d]
• The Wall Street Journal: Melvin Capital, which took a bath on GameStop and meme stocks, to close funds [1586d]
• Personal Finance Daily: IRS audit rates keep dropping and FTC warns baby-formula scammers are ‘exploiting’ family fears over shortage [1586d]
• : Under Armour CEO Patrik Frisk steps down after two-plus years [1586d]
• Deep Dive: Wednesday’s worst-performing stocks mostly come from this one sector that has investors really worried [1586d]
• Earnings Results: Cisco stock plunges more than 15% after sales miss, annual forecast reduction [1586d]
• The Fed: Fed will keep raising interest rates until it is ‘confident’ inflation is moving down, Harker says [1586d]
• Key Words: Goldman Sachs CEO sees a ‘30% chance of recession’ within the next 12 to 24 months [1586d]
• : 10 years after Facebook’s record-breaking IPO, a sense of déjà vu [1586d]
• FA Center: The odds are against Elon Musk making Twitter a significantly more profitable company [1586d]
• : Lowe’s CEO Marvin Ellison says work-from-home and a robust housing market continue to give the home improvement retailer a boost [1586d]
• Financial Crime: Teen killer serving life sentence charged with running $2 million COVID relief scam from behind bars [1586d]
• : A ‘summer of pain’? The Nasdaq Composite could plunge 75% from peak, S&P 500 skid 45% from its top, warns Guggenheim’s Scott Minerd [1586d]
• TaxWatch: ‘There cannot be one tax system for the wealthy and one for everyone else’: IRS audit rates keep dropping — especially for the rich [1586d]
• Economic Report: Looking to buy a house? Builders are betting you’ll have to rent instead [1586d]
• Project Syndicate: Inflation could force consumers to cut back on spending so much that they bring on a recession [1586d]