A housing market reset has become ‘a bit more than that’: Morning Brief

Bloomberg

Revlon’s Surge Revives Memories of Hertz’s Wild 2020 Summer

(Bloomberg) — The 245% four-day surge by Revlon Inc., which filed for bankruptcy after amassing massive amounts of debt amid rampant competition, recalls another wild summer trade from back in the height of the pandemic: Hertz Global Holdings Inc.Most Read from BloombergPutin Gets Unexpected Pushback From Ally Over War in UkraineChina Says It May Have Detected Signals From Alien CivilizationsSergey Brin Seeks Divorce, Joining Gates and Bezos in SplitMusk, Tesla, SpaceX Are Sued for Alleged Doge