1. Rough morning for stocks
The three major U.S. indexes were primed to open in negative territory Friday morning, dimming hopes for a fifth straight winning week for the S&P 500
2. Meme king cashes out
Activist investor Ryan Cohen, a favorite of the meme-stock crowd on Reddit’s WallStreetBets forum, is out of Bed Bath & Beyond after all.
3. Remember crypto?
After a big-time flameout that resulted in several bankruptcies and liquidity crises, interesting things are happening in crypto markets. Early Friday, there was a rapid drop in crypto markets.
4. Switch to Starbucks
A lot of changes are happening at Starbucks. The coffee shop chain said Thursday that its chief operating officer, John Culver, will leave the company in October after 20 years.
5. Xi and Putin plan to be at G-20
Chinese President Xi Jinping and his Russian counterpart, Vladimir Putin, both plan to be at November’s Group of 20 meeting in Indonesia, according to Reuters.
china since January 2020, before Covid, which originated in China, became a pandemic.
The development comes as Putin continues to wage war in Ukraine after his military launched an unprovoked invasion of Russia’s former Soviet neighbor earlier this year.