This second entry in the series looks at the National Basketball Association (NBA), major sneaker and sports clothes makers and their responses to China’s crackdown on Hong Kong and free speech.
Over 8,000 hourly workers will be impacted by the pay bump, which is 50% of the company’s global workforce and 90% of its retail and distribution team.
While a Wells Notice does not carry any specific accusations of legal violations, the SEC issues one as a warning of impending enforcement action, and it affords the recipient the opportunity to respond with a written statement.
The rise in rates signals more trouble ahead, especially for large-cap tech stocks that ran up a lot over the last two years and many high-flying growth stocks.
Whatever Hysteria Exists is Inflamed by… Secrecy — Part II