Tag Archives: sell

After Moscow invaded Ukraine, ‘Russia’s Google’ has decided it can’t stay in Russia. Moscow-headquartered Yandex, the country’s dominant search engine founded by two Russian entrepreneurs, is hoping to transfer its most promising new technologies overseas and ditch most of its Russian business to avoid the effects of Western sanctions imposed after President Vladimir Putin ordered Russia to Ukraine. Under the plan, which the Financial Times reported on Thursday, Yandex… Source link

Fade the post-earnings rally in shares of struggling electronics retailer Best Buy, Citi says. “Near-term Best Buy’s same-store sales are still some of the worst in retail with holiday volume a significant unknown,” Citi analyst Steven Zaccone wrote in a note to clients following the company’s earnings report on Tuesday morning. Best Buy stock popped 12% as the company’s earnings actually beat most Wall Street estimates. The company also managed to work its inventory down by 14% year over… Source link

Elon Musk.Adrees Latif/Reuters Elon Musk could have to sell up to $10 billion in Tesla stock next week to complete his Twitter buyout, according to Dav Ives of Wedbush. “The more investors that bail on this deal is the more money that Musk needs to contribute and therefore sell more Tesla stock,” Ives said. Ives called Musk’s $44 billion deal for Twitter a “train wreck.” Elon Musk could be forced to sell $5 billion to $10 billion in Tesla stock next week as he prepares to complete a $44 billion… Source link

(Bloomberg) — Goldman Sachs Group Inc. said investors should sell S&P 500 Index calls and fund buying of the same options on the Hang Seng China Enterprises Index to position for a likely catch-up in battered China-related assets. Most Read from Bloomberg “Sentiment on China-exposed assets has remained subdued this year and did not mirror the risk appetite rebound during the summer,” undershooting a measure of investor mood for global growth, strategists including Christian… Source link

Not everyone on Wall Street is on board for the bullish ride Netflix (NFLX) stock has been on in recent months. Shares of the streaming beast are up 18% in the past three months, blowing away the Nasdaq Composite’s 9% drop amid optimism surrounding Netflix’s upcoming ad-tier service. Analyst Doug Anmuth estimated in a new note this week that Netflix could drive 7.5 million subscribers to its ad-supported tier in its US and Canada segment in 2023, which could drive $600 million in advertising… Source link

Washington Redskins owner Daniel Snyder looks up at the top of the grandstands before an NFL football game against the New York Giants in Landover, Md., Sunday, Jan. 1, 2017. (AP Photo/Alex Brandon) New NFL season, same Washington Commanders. The team became the butt of jokes early in Week 1 of the 2022 season after trying to sell a mug that featured an outline of Washington state. The mugs were being sold by a team truck just outside the stadium. They featured the “W” logo in front of an… Source link

Russia’s Yandex has agreed to sell its news aggregation platform and Zen infotainment service, as well as the main page where both services have been located, to VK. In return, it will acquire 100% of the food delivery service Delivery Club. VK is one of Russia’s largest social media businesses and has until now been one of Yandex’s strongest competitors. It is majority owned by Sogaz, whose main shareholder is Yury Kovalchuk. Meanwhile, Yandex has until now been referred to as… Source link

News Life and Culture Columnists and Opinion Haaretz Hebrew and TheMarker Partnerships Haaretz.com, the online English edition of Haaretz Newspaper in Israel, gives you breaking news, analyses and opinions about Israel, the Middle East and the Jewish World.© Haaretz Daily Newspaper Ltd. All Rights Reserved Source link

Elon Musk on Friday announced he was backing out of his $44 billion Twitter acquisition bid, blaming the social media platform’s alleged lack of transparency regarding bots on the site. As both sides prepare for a lengthy court battle, some Twitter influencers are floating an alternate theory for the change of heart: The bots were never the problem, merely a vehicle through which to covertly sell Tesla options that were about to expire. “Entire thing was a clever ruse to SELL + LIQUIDATE $8.5… Source link

(Reuters) -Chevron Corp is planning to relocate its global headquarters to a new leased space in California and sell its existing head office in the state, a company spokesperson told Reuters on Friday. “The current real estate market provides the opportunity to right-size our office space to meet the requirements of our headquarters-based employee population,” the company said in an email. Chevron is expected to shift its headquarters to the new site during the third quarter of 2023. The U.S… Source link