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By Mike DolanThe nervous start to the week for world markets has seen 10-year U.S. Treasury yields top 5% to hit their highest in 19 years, just as Treasury Secretary Scott Bessent prepares to address Congress and the Federal Reserve starts its critical two-day meeting today.The prospect of interes…
InnovAge said fiscal 2026 adjusted EBITDA rose about 175% from fiscal 2025, with one-time legal accruals weighing on net income. It also guided fiscal 2027 revenue of $1.05 billion to $1.085 billion and adjusted EBITDA of $105 million to $115 million.
Wheat futures are higher Tuesday, with the Russia-Ukraine war and continued Black Sea fighting cited as the chief support, despite White House envoys’ recent visits to Russia.
Weekend macro recap covers China’s planned capital support for state lenders, EU/Italy and Germany politics, US yield-curve volatility, OPEC+ holding output, and Middle East/Ukraine ceasefire and strikes.
Former Secretary of State Mike Pompeo is urging the U.S. to stop Beijing’s imports of Iranian crude before Xi Jinping visits Washington on Sept. 24.
Petco Health and Wellness reported Q2 2026 sales of $1.5 billion and adjusted EBITDA of $122 million, including a $6.8 million net tariff refund, and affirmed full-year guidance.
Five Below reported Q2 2026 sales of $1.3 billion, up 23%, with adjusted diluted EPS of $1.68 and comparable sales growth of 14%. It raised full-year sales guidance to $5.63 billion-$5.71 billion.
Treasury Secretary Scott Bessent criticized Economist Robert Reich ‘s analysis, arguing that McDonald’s Corporation (NYSE: MCD ) issues are not due to structural inequality but rather competition from rivals like Burger King, whose parent company is Restaurant Brands International Inc. (NYSE: QSR ). Bessent’s post on X
Treasury Secretary Scott Bessent says the U.S. economy is moving beyond the K-shaped divide, but economists and corporate leaders continue to offer mixed views on the health of American consumers. Bessent said in a CNBC "Squawk Box" interview last week that the "K-shaped" economy is over and that a "C-economy" is emerg
Gov. Gavin Newsom (D-CA) slammed President Donald Trump amid rising gas prices at pumps as the latter addressed a crowd at General Motors Co. ‘s (NYSE: GM ) facility in Milford, Michigan, on Monday. Trump Does Not Care About Rising Costs Newsom quoted a post by user @factpostnews on the social media platform X on Monda
The U.S. Food and Drug Administration (FDA) accepted on Tuesday Sarepta Therapeutics Inc.’s (NASDAQ: SRPT ) supplemental New Drug Applications seeking to convert the accelerated approvals of AMONDYS 45 (casimersen) and VYONDYS 53 (golodirsen) into traditional approvals for Duchenne muscular dystrophy (DMD). • Sarepta T