Elon Musk’s agreement to buy Twitter is one of several deals that has thrown up opportunities for specialist funds Author of the article: Financial Times Sujeet Indap and Antoine Gara in New York Late last week, Elon Musk notified Twitter Inc. that he was terminating his US$44-billion agreement to purchase the company. Photo by REUTERS/Dado… Continue reading Merger arbitrage funds go hunting as corporate deals come under threat
Stock Market Today: Stocks End Mixed After Bleak Bank Earnings, Inflation Data | Kiplinger
Stocks’ volatility continued Thursday, sparked by a weak start to second-quarter earnings season and another sizzling inflation update. On the earnings front, JPMorgan Chase (JPM, -3.5%) this morning said profit in the second quarter was down 28% from the year-ago period, while revenue rose a modest 1%. The financial firm also said it is suspending… Continue reading Stock Market Today: Stocks End Mixed After Bleak Bank Earnings, Inflation Data | Kiplinger
US stocks mixed as Fed officials cool jumbo rate hike fears and investors mull big bank earnings
US stocks pared losses to end mixed on Thursday after Fed officials cooled some rate hike concerns. The Fed’s Christopher Waller and Jame Bullard backed a 75-basis-point hike, in line with June’s increase. Earlier in the day, Fed funds futures were showing traders pricing in an 83% chance of a 100-basis-point rise this month. Loading… Continue reading US stocks mixed as Fed officials cool jumbo rate hike fears and investors mull big bank earnings
Russia plans to launch a national oil trading platform to foil Western energy measures, report says
Russian officials and oil producers are in discussion to create a global benchmark for Russian crude. The initiative been sped along by talk of a price cap on Russian oil, a source told Bloomberg. The country is seeking to sell oil without restrictions, hoping to evade western sanctions. Loading Something is loading. Russia plans to… Continue reading Russia plans to launch a national oil trading platform to foil Western energy measures, report says
Cannabis stocks spike on report that Senate Democrats are planning to introduce a bill for federal decriminalization
Marijuana stocks soared after Bloomberg reported that said Senate Democrats will introduce a federal decriminalization bill next week. Shares of Tilray jumped as much as 20%, while Aurora Cannabis spiked 10%, and Canopy Growth climbed 7%. The Cannabis Administration and Opportunity Act would remove marijuana from the Controlled Substances Act. Loading Something is loading. Marijuana… Continue reading Cannabis stocks spike on report that Senate Democrats are planning to introduce a bill for federal decriminalization
Russian oil arrives in Cuba as Moscow finds alternative buyers for its shunned supplies
An oil tanker carrying 700,000 barrels of Russian oil reached Cuba on Thursday, Reuters first reported. The ship’s cargo is worth roughly $70 million at the current market price. Moscow has aggressively sought alternative buyers for oil as Western sanctions mount. Loading Something is loading. A tanker carrying 700,000 barrels of Russian oil arrived in… Continue reading Russian oil arrives in Cuba as Moscow finds alternative buyers for its shunned supplies
Soaring inflation has traders betting on the first 100-basis-point rate hike in decades
Traders’ bets for a 100-basis-point rate hike this month saw big swings on Thursday, according to CME data. The FedWatch tool, which is based on Fed Fund futures contract prices, saw the odds soar to 83% then dive to 45% in a few hours. A 1-percentage-point hike would be the largest since Paul Volcker was… Continue reading Soaring inflation has traders betting on the first 100-basis-point rate hike in decades
28 Prime Day Deals Still Live Today
While Amazon Prime Day has ended, that doesn’t mean the party ended. We’re rounding up the ongoing sales in tech, home, beauty and travel categories. Shutterstock With the 48-hour Amazon Prime Day event in our taillights, perhaps you splurged and bought your entire wish list that went on sale. Or maybe you ignored the hype… Continue reading 28 Prime Day Deals Still Live Today
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