Risk aversion escalated on Wall Street Friday, with all major indices trading in the red, as investors remain skeptical about the stability of the banking sector in the wake of recent turmoil in the U.S. and Europe.
Cues From Friday's Trading:
BlackRock (NYSE: BLK) chair and CEO Larry Fink says developed markets like the U.S. are lagging behind in innovation, leaving payment costs much higher.
New York's Office of Cannabis Management (OCM) is being sued by the Coalition for Access to Regulated and Safe Cannabis (CARSC), for allegedly violating the Marijuana Regulation and Taxation Act (MRTA).
What happened
WeWork Inc (NYSE: WE) shares are trading higher by 2.29% to $1.00 Friday morning after the company announced an agreement to reduce its net debt and extend $1.6 billion in remaining debt maturities to August 2027.