Tag Archives: hold

(Bloomberg) — Twitter Inc. executives told employees on Thursday that the $44 billion deal to sell the company to billionaire Elon Musk is moving forward as planned, and that they won’t renegotiate the agreed-upon price of $54.20 per share. Most Read from Bloomberg Vijaya Gadde, Twitter’s top lawyer and head of policy, also told workers at an all-hands meeting that there is “no such thing as a deal being on hold,” according to people who attended the meeting. She was pushing back on… Source link

Top economists and money managers worldwide are warning that rising consumer prices and falling economic growth are combining to form a deadly recipe for the global economy—stagflation. Some 77% of investment fund managers say they see “below-trend growth and above-trend inflation,” a.k.a stagflation, as the most likely outcome for the global economy over the next year, according to a May survey from Bank of America Global Research. That’s the highest percentage seen since August… Source link

Donald Trump is testing his political strength for the second straight week Tuesday, this time in Nebraska, where the former president is backing a candidate for governor accused of sexually assaulting multiple women. Trump’s pick in the tight three-way GOP gubernatorial primary is cattle producer and businessman Charles Herbster, who had been leading the field of Republicans running for governor. But in mid-April a Republican state senator, Julie Slama, and seven other women said Herbster… Source link

First-quarter advertising revenue for Google parent Alphabet fell shy of Wall Street expectations. Photo: PARESH DAVE/REUTERS … Source link

The pharmaceutical industry has drawn strong criticism over the past decade for driving up the prices of prescription drugs. Although Big Pharma executives and supporters argue that these price hikes are necessary in order to sustain research and development (R&D), i.e. innovation to help the development of new medications, not everyone agrees with that rationalization. According to Rep. Katie Porter (D-CA), the money from increased pricing isn’t being used for the right reasons. “The facts… Source link

Weekly unemployment claims held near their lowest levels since the 1960s, with a strong labor market and improving levels of unemployment remaining a bright spot in the U.S. economy. The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended April 16: 184,000 vs. 180,000 expected and an upwardly revised 186,000 during prior… Source link

Yandex NV (YNDX) has gained Tuesday morning, with the stock increasing 8.70% in pre-market trading to 49.11. YNDX’s short-term technical score of 24 indicates that the stock has traded less bullishly over the last month than 76% of stocks on the market. In the Internet Content & Information industry, which ranks 140 out of 146 industries, YNDX ranks higher than 56% of stocks. Yandex NV has fallen 13.68% over the past month, closing at… Source link

By releasing a vague blueprint of pros and cons on Thursday, the Federal Reserve has taken the first step towards potentially pursuing a digital dollar. The hard part will involve the Fed sorting through how to design a central bank digital coin (CBDC) in a way that meets approval of Congress and the White House, while smoothly transitioning into the payment and banking systems without disruption. The Fed insists it won’t move forward without the “clear support” of both the executive and… Source link

LONDON— Apple Inc. and Alphabet Inc.’s Google hold a “vise-like grip” over how people use mobile devices, Britain’s antitrust regulator said Tuesday, and said it was assessing whether it would try to loosen what it said was their control over smartphone ecosystems. The preliminary report is among several, nonbinding research efforts by the U.K. and other antitrust regulators in Europe into… Source link

Wharton’s Jeremy Siegel warns that stocks could drop 10% as soon as December — hold fast with these 3 ‘conservative’ tech picks The stock market could suffer a 10% correction as early as December if the Federal Reserve starts cracking down on inflation, a respected author and professor of finance says. With inflation hitting a 30-year high of 6.2% in October, Jeremy Siegel expects the Fed will finally roll up its sleeves at its next meeting. That could mean the end of low interest… Source link