Weekend's Update: Wall Street's worried over NYCB, Reddit worth $6.5B, Dell, CVS-Walgreens, and US National Debt

Wall Street is worried about NYCB’s loan losses and deposit levels as stock sinks below $4

Regional lender New York Community Bank finds itself in an apparently worsening predicament, just as the anniversary of last year’s banking turmoil nears.
NYCB restated recent quarterly earnings lower by $2.4 billion, formally replaced its CEO and delayed the release of a key annual report.
Shares of the troubled lender plunged 25% Friday to a 52-week low below $4 apiece.
The most worrying development is directly tied to investors’ fears about commercial real estate and shortfalls the bank reported in a key aspect of its business.

Reddit is seeking a valuation of up to $6.5 billion for its upcoming IPO, according to a person familiar with the matter.
The company filed to go public in February and plans to trade on the New York Stock Exchange under the ticker RDDT.

Dell is having its best day on the stock market since relisting in 2018.
Shares of the PC and server manufacturer surged 30% on Friday to $121.88, after the company posted fiscal fourth-quarter results that beat estimates.
The company, demonstrating robust demand for its artificial intelligence servers, also said it’s increasing its annual dividend by 20%

CVS and Walgreens will start selling the abortion pill mifepristone this month at certain pharmacy locations in states where it is legal to do so, spokespeople for the companies told CNBC.
CVS and Walgreens have received certification from the FDA to dispense the commonly used mifepristone at their retail pharmacies, spokespeople for each company said in separate statements.
The pharmacy chains will not provide the medication by mail.