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Bitcoin prices have been trading within a reasonably small range so far this month, showing little volatility. What crucial developments should investors watch in order to stay up-to-date on this innovative asset? Several market observers offer their take on the situation.
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S&P 500 gains 2.6% as markets feel relief after UK policy U-turn
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U.K. Scraps Plan to Cut Income-Tax Rate for Top Earners The Wall Street JournalUK government U-turns on controversial tax policy - BBC News BBC NewsUK government drops plans for tax cut on wealthy that prompted turmoil on financial markets Fox BusinessFactbox: The UK's top tax rate - what is it and why does it matter? Reuters UKUK government forced to ditch plan to slash top rate of tax CNNView Full Coverage on Google News
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A persistent economic puzzle is why the labor market is still strong amid slowing growth and high inflation. Many employers say they continue to struggle with staffing shortages and are reluctant to cut head count.
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XPO Logistics Inc. said Wednesday it has filed a Form 10 registration statement with U.S. securities regulators related to the planned spinoff of its RXO transportation brokerage. The spinoff was announced earlier this year and on Wednesday XPO reiterated its expectation that it would be completed by year-end. "Our Form 10 public filing is a key step forward in the process of creating two publicly traded transportation powerhouses," XPO Chief Executive Brad Jacobs said in a statement. RXO will be the fourth-largest U.S. truckload broker, Jacobs said. A so-called Form 10 IPO is a way of taking a company public outside of the more usual pathway through an S-1 registration. International Business Machines Corp. went that route with the spinoff of its information technology services Kyndryl Holdings Inc. last year. In a presentation to investors in March, XPO said that the brokered transportation business hit revenue of $4.8 billion and operating income of $226 million in 2021. Shares of XPO edged lower in the extended session Wednesday after ending the regular trading day up 5.1%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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