The U.S. economy gives conflicting signals


Traders work on the floor of the New York Stock Exchange (NYSE) on July 25, 2022 in New York City.

Spencer Platt | Getty Images News | Getty Images

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U.S. stocks drop as the Treasury yields widen their inversion. The U.S. economy gives conflicting signals.

What you need to know today

  • Speaking of activists, Dan Loeb’s hedge fund Third Point is the latest activist investor to take a stake in Salesforce, CNBC confirmed. It joins ValueAct Capital, Elliott Management and Starboard Value.  Salesforce has been hit recently by slowing revenue growth and criticism that it paid too much for targets such as Slack.

The bottom line