Activist investor Starboard Value has taken a roughly $500 million stake in Autodesk Inc., the Wall Street Journal reported late Sunday, and is seeking changes at the software company.
It’s a “reasonable prediction” that the Federal Reserve will wait until December to cut interest rates, Minneapolis Fed President Neel Kashkari said Sunday.
Private-equity investor Advent International will take a minority stake in money manager Fisher Investments, the companies announced Sunday.
Big tech, not the Federal Reserve, is once again driving the rally across U.S. equities, offering hope to some investors that the stock market could shrug off concerns about the interest-rate outlook to sustain its upward momentum.
A steadily growing economy and low unemployment have helped to ease some of the pain of high inflation, but middle- and low-income Americans say they are feeling more stress.
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Ahead of the Tony Awards on Sunday night, the industry has yet to regain its prepandemic form at the box office.
Companies like Broadcom and Chipotle say lower stock prices are more accessible. But the prevailing mindset has been that a higher price signals companies are “doing something right.”
