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Shares of pizza chain Papa John’s sank 10% on Tuesday following a report that Apollo Global has withdrawn its offer to take the chain private.

IBM recently delivered stronger earnings than expected, thanks to a 10% jump in revenue from software, meeting consensus.

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

The New Jersey governor’s race comes amid a government shutdown, a decline in approval for President Donald Trump and national concerns about affordability.

• Financial stability risks remain heightened.

• Banks remain well placed to manage the current uncertainty.

• Fragmentation of global trade and finance, and ongoing uncertainty continue to present risks.

• Loan defaults have picked up, although they remain low compared to during the Global Financial Crisis.

• Strong lending standards, including loan-to-value limits have helped to restrict the amount of high risk lending in the system.

• As a small open economy, New Zealand would be exposed to any impacts on global economic activity or volatility in financial markets.

• Banks have increased their resilience to a range of shocks

This article was written by Greg Michalowski at investinglive.com.

FTX was one of the largest cryptocurrency exchanges in the world when it went bust in 2022. Founder Sam Bankman-Fried is serving a 25-year prison term.

Shares of pizza chain Papa John’s sank 15% on Tuesday following a report that Apollo Global has withdrawn its offer to take the chain private.

Prior presidential administrations have continued paying SNAP benefits during past shutdowns of the U.S. government.

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