Why Roku Stock Was Falling Today

Shares of Roku (NASDAQ: ROKU) were pulling back today as the stock reacted to the broad sell-off in the market due to interest rate hikes and a weak retail sales report. In a note this morning, Cleveland Research said channel checks on the streaming platform show that the company is seeing pressure in the fourth quarter, and it expects results to come in slightly below consensus. The comments are the latest negative data point for Roku stock, which has plunged sharply this year as growth has slowed and losses have mounted after the company stepped up investments in the business during the pandemic boom. Read More...

Reuters

Direct ChassisLink changes hands in $3.6 billion deal-sources

A consortium comprising a Singapore sovereign wealth fund, a Canadian pension fund and a British investment manager has acquired chassis lessor Direct ChassisLink from buyout firms Apollo Global Management Inc and EQT Partners AB for about $3.6 billion, including debt, people familiar with the matter said on Thursday. The deal’s completion brings one of the largest chassis lessors in the United States under the control of Singapore’s GIC, the infrastructure investment arm of Canada’s OMERS and London-based investment firm Wren House. The deal marks a win for Apollo, which acquired a majority stake in Charlotte, North Carolina-based Direct ChassisLink and logistics and digital supply chain solutions company Blume Global from EQT in 2019 for around $2.5 billion, including debt.