What we’re reading (6/11)
“Bonds Rally, Stocks Slip After Inflation Data” (Wall Street Journal). “Bond investors liked the latest read on inflation. Government bonds staged a big rally after the latest monthly report on consumer prices, dragging the yield on 10-year Treasury notes down to 4.413% in recent trading, from 4.472% the prior session.”
“Chime Prices IPO At $27 Per Share, Valuing Fintech Company At $11.6 billion Ahead Of Nasdaq Debut” (CNBC). “The offering comes after a years-long freeze in the fintech IPO pipeline, as rising interest rates and valuation resets kept many late-stage companies on the sidelines. The market has started to loosen. Trading platform eToro jumped 29% in its Nasdaq debut last month, and crypto company Circle popped after hitting the market last week.”
“Oil Prices Tick Up On Worries Of Escalating US-Iran Tension” (Reuters). “Oil prices edged higher on Thursday to their highest in more than two months, after U.S. President Donald Trump said U.S. personnel were being moved out of the Middle East, which raised fear that escalating tensions with Iran could disrupt supply.”
“Google Buyouts Could Point To More Tech Layoffs, As Sector Faces Heavy Job Losses” (Investopedia). “Google extended buyout offers to more employees this week, marking the latest move by Big Tech firms to lower headcounts. It may not be the last, as companies face pressure to reduce spending amid an uncertain economic environment, while also investing in AI infrastructure. Tech has seen an exodus in 2025. The sector has announced nearly 75,000 job cuts in 2025 as of the end of May, according to a report last week from Challenger, Gray & Christmas, up from about 55,000 cuts in the same period in 2024.”
“A Big Shake-Up At Amazon Finally Brings Whole Foods Into The Fold” (Business Insider). “The plan includes a new leadership team and a change that will bring Whole Foods corporate staff under Amazon's employee programs, including performance reviews and pay structure. The changes will happen over the next 12 months, but won't affect Whole Foods frontline warehouse and in-store workers, according to the memo, a copy of which was obtained by Business Insider.”
