For decades, Corporate America has raced to cash in on China's economy. Now China officials are in sell-mode, a stunning reversal from years past.
Why it matters: CEOs know the two nations are economically intertwined in a way that can't easily be undone. But executives are more cautious, a subtle yet significant sign of a power dynamic shift underway between the U.S. and China.
Astera Labs' and Reddit's recent public listings fetched modest valuations — but their IPOs proved that there's pent-up appetite from investors for new stocks.
Why it matters: Cracking the IPO window back open is no easy task, and attempts last fall came with mixed initial results.
While the bridge collapse in Baltimore was due to a series of unlikely accidents rather than crumbling infrastructure, the incident has put renewed focus on the vulnerability of bridges across the U.S.
The big picture: The Department of Transportation considers 6.8% of the over 600,000 bridges it tracks and rates to be in "poor" condition. That doesn't sound too bad on a percentage basis, but it's over 40,000 bridges in total.