Wall Street mixed as yields rise and Paris shares climb
Wall Street drifted to a mixed finish with the S&P 500 up 0.3 percent and the Nasdaq rising 0.8 percent while the Dow gained 0.1 percent. In Paris the CAC 40 jumped as much as 2.8 percent before settling up 1.1 percent as French elections suggested no decisive far-right majority.
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Roaring Kitty takes 6.6 percent Chewy stake in reveal
Keith Gill known as Roaring Kitty holds about 6.6 percent of Chewy, making him the third largest shareholder after buying more than 9 million shares last week. Chewy stock swung, ending the day down after late gains. Gill has spurred GameStop moves in 2021 and faces a pump and dump suit now withdrawn. The market backdrop includes rising 10 year yields and ISM data, with payrolls due Friday.
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Boeing to buy Spirit AeroSystems for 4.7 billion
Boeing to acquire Spirit AeroSystems for 4.7 billion dollars reversing prior outsourcing strategy. Deal aims to lift plane quality amid congressional and DOJ scrutiny after Alaska 737 Max 9 panel blowout and past 737 Max crashes. Spirit lays off Wichita workers as production slows. Shanahan highlights integrated safety and quality gains.
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Redbox Owner Chicken Soup for the Soul files for bankruptcy
Chicken Soup for the Soul Entertainment, parent of Redbox, filed for Chapter 11 in Delaware. The company lists about 970 million dollars in debt, 414 million in assets, and owes millions to over 500 creditors including Sony Pictures and Walgreens. The filing notes lenders refused refinancing and the firm operated about 27,000 kiosks nationwide.
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