Britta Pedersen/Getty Images; Twitter; Rachel Mendelson/Insider Elon Musk’s decision to kill the $44 billion Twitter deal means banks could lose a “nine-figure” payday. Musk’s and Twitter’s financial advisors could pocket up to $192 million if the deal closes. The billionaire faces an uphill battle to call off the deal as he has to prove there’s been a material adverse effect on the transaction. Elon Musk’s ‘will-he-won’t-he’ dance to buy Twitter took a turn on Friday after the billionaire said… Source link
Read More »India Russia News: Russian consumer companies turn to India as western brands pull the plug
Russia’s e-commerce platforms Ozon and Yandex Market, food supplements firm Pharmstandard, dental products distributor Simkodent, largest food retailer X5 Retail Group and confectionery major UNICONF are among several Russian companies that have reached out to India for business ties amid Moscow’s conflict with Kyiv. Due to the conflict and the sanctions on Russia, many European and American brands have stopped supplying their goods including consumer electronics, and apparel to that… Source link
Read More »Coyotes pull off biggest hockey upset since 2006
There’s no football to bet on until the Super Bowl. Just one NFL game remains until September. This is the point in the sports calendar where we look towards other sports such as the NHL to fill the void that’s about to be left by America’s favorite sport. Maybe you haven’t been paying much attention to the other sports over the past few months as you’ve been in football mode. There’s no shame in that. It’s early February and the best part of college basketball, NBA and NHL is yet to… Source link
Read More »Stock futures steady after tech shares pull back
U.S. stock futures kicked off the overnight session near the flat line Tuesday evening, following a drop in technology shares during the regular trading day. Contracts on the S&P 500 were little changed. Nasdaq futures also drifted after the index dropped more than 1% during the regular trading day. Apple (AAPL) shares steadied following a decline earlier, which pulled the stock back after reaching a $3 trillion market capitalization for the first time ever at the start of the week. In the… Source link
Read More »Jets pull off terrific hook-and-lateral pass vs. Miami
The New York Jets, owners of one of the weaker offenses in the NFL this season, were 0-for-15 on third downs of 15-plus yards entering Sunday’s game. So credit to them for trying something pretty novel to solve their third-and-long issue against the Miami Dolphins in Week 15. Leading 17-10, the Jets faced third-and-15 at their own 20-yard line. And that’s when they unleashed this puppy out of nowhere: Wow! Your natural inclination might have been to check the clock — final few seconds of… Source link
Read More »Google commits $740 million to Australia after threatening to pull out
The Google corporate logo hangs outside one of its offices on August 31, 2021. Sean Gallup | Getty Images Google will spend A$1 billion ($736 million) in Australia over five years, the tech giant said on Tuesday, just months after it threatened to pull its services from the country in response to tougher government regulation. The main operating unit of Alphabet said it planned to expand cloud infrastructure, set up a research hub staffed by Australian researchers and engineers and partner… Source link
Read More »Yahoo Is The Latest American Company To Pull The Plug On China
WATCH 1:44 | Nov 02, 2021, 11:32am EDT Yahoo is the second U.S. tech giant in weeks to pull out of China, symbolically ending its services in the world’s second-biggest economy after years of winding down because of an “increasingly challenging business and legal environment.” Source link
Read More »Stock futures pull back from record levels
Stock futures opened lower Thursday evening as investors took in another batch of earnings results and more data on the pace of the economy recovery. Contracts on the S&P 500 edged lower by about 0.3% as the overnight session kicked off. The blue-chip index had hit record intraday and closing highs during the trading day on Thursday. Dow and Nasdaq futures also moved lower. Snap (SNAP) shares sank more than 20% in late trading after missing third-quarter revenues and offering weak… Source link
Read More »Companies pull out all the stops to fill jobs in a market ‘like we have never seen’: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, August 17, 2021 No skills? No degree? You’re hired. The hiring logjam showed some signs of easing in July. But companies in the trenches trying to match labor demand and supply still see a market that continues to be imbalanced — and tilted heavily towards those looking for work. “No matter what source you use right now,… Source link
Read More »Google Search Activity Show Consumers Starting To Pull Back
A look at search activity on Google indicates that U.S. consumers may be cooling off a little bit. Ben Breitholtz, a data scientist at Arbor Research, examines Google search activity as a gauge for consumer sentiment. On an episode of the “Odd Lots” podcast last year, he explained how watching this data was helpful in navigating the recovery in real time. Right now, he’s seeing some signs that the torrid pace of consumption we’ve seen is starting to cool just a little. … Source link
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