Tag Archives: sell

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

Goldman Sachs is kicking a streaming dog when it’s down. Goldman analyst Eric Sheridan slashed his rating on Netflix (NFLX) shares to Sell from Neutral on Friday, sending the stock off as much as 5% in pre-market trading. Sheridan cut his price target on Netflix to $186 from $265. “We have concerns around the impact of a consumer recession as well as heightened levels of competition on demand trends (both in the form of gross adds and churn), margin expansion, and levels of content spend and… Source link

(Bloomberg) — Stocks in Asia fell Tuesday and Treasuries sold off across the curve as investors remain cautious about whether central banks can raise interest rates to rein in inflation without derailing growth. Oil gained after the European Union backed a push to ban some Russian oil. Most Read from Bloomberg Equities in Japan, Korea and Australia inched down while Hong Kong futures fell. US contracts opened higher in the first day of trading after the Memorial Day weekend. Yields on… Source link

Regular investors have a lot of questions about the stock market’s recent plunge. They want to know whether they should take advantage of the recent pullback (the S&P 500 is down 20% year to date), wait for a better opportunity or sell out entirely. It’s a natural question to ask. So MoneyWise chatted with fund manager and regular CNBC contributor Michael Farr to pick his investment brain about what to do in the current market. His advice is simple: don’t try to time it. “Market timing… Source link

Russian Internet giant Yandex is reported to be considering moving to Israel, and selling off more parts of its business to avoid potential sanctions over Russia’s war in Ukraine. Yandex is in the process of selling its social media arms to Russia’s Facebook equivalent, VK, but the Latvia-based independent Russian site Meduza says multiple sources have told it Yandex is looking for buyers for Yandex Search, Yandex.Mail, and the movie database Kinopoisk. Meanwhile, the Israeli newspaper

If there’s one thing every football fan knows about Jerry Jones, it’s that he loves his Dallas Cowboys. Now we know just how much he loves them. Peter King of NBC Sports recently spoke with the Cowboys owner to get his opinion on what his gold star franchise could get in a sale. With the Denver Broncos currently on the block — and the expected purchase price is expected to be between $4 billion and $4.5 billion — King was wondering just how much the Cowboys could fetch. Here’s King’s setup… Source link

(Bloomberg) — Shares of Rivian Automotive Inc. sank 21% as some early stakeholders got their first chance to unload shares on Monday. Most Read from Bloomberg Selling restrictions on certain Rivian insiders and investors ended on Sunday, freeing up a sizable chunk of the electric-vehicle maker’s float for public trading. The stock has now collapsed 87% from its November high. Now, the focus turns to the company’s two most prominent corporate backers — Amazon.com Inc. and Ford Motor Co…. Source link

Yandex, often considered Russia’s equivalent to Google, has agreed to sell its media arm to VK (VKontakte), the company known as Russia’s Facebook. The news aggregator service Yandex News, and the blogging platform Zen are being sold for undisclosed sums to the social media company, as a result of Russia’s invasion of Ukraine, according to TechCrunch Both platforms have been accused of spreading Russian propaganda and blocking true reporting of the war, putting Yandex at risk of sanctions.

In further fallout from Russia’s invasion of Ukraine, Yandex, the company that’s sometimes referred to as the ‘Google of Russia,’ has signed a term sheet to sell its media division to VKontakte (VK), aka the local Facebook equivalent. Yandex confirmed it has signed a term sheet to divest its news aggregator (News) and blogging/infotainment platform (Zen) with VK today. But it declined to provide further detail on the transaction that’s been agreed with VK, including financial… Source link