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Stocks dropped over 2% Wednesday as a “red wave” in the midterm election didn’t materialize and traders were nervous about tomorrow’s CPI data. Amid the selling, several rumors swirled around Wall Street. Below we highlighted a few:
Radius Global Infrastructure Inc (NASDAQ:RADI) gained over 12% following a report from Investing.com that New York-based private equity firm Stonepeak Partners is evaluating a potential takeover of the wireless leasing firm.
Weber (NYSE:WEBR) fell 7% on reports BDT Capital, the private equity firm that recently bid $6.25/share for the remainder of the shares, provided the company with a $60 million loan.
The saga around fallen from-grace crypto exchange FTX continued and the rumor mill ran rampant. The latest is that Binance looked at the books but decided it would not acquire the company. FTX is said to be $8 billion in the hole and bankruptcy is likely unless it gets a cash influx.
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