Twitter is still below Elon Musk’s takeover price, offering a merger arbitrage opportunity for investors. But Musk recently brought in $7 billion in new investments, narrowing the spread between the stock and his offer price. The capital influx is giving Wall Street more confidence that the deal goes through. Loading Something is loading. Wall Street… Continue reading Twitter stock is still below Elon Musk’s offer price as investors weigh whether the deal will close. But analysts say he’s about to close the gap.
US stocks extend losses as investors digest jobs report and Fed moves
US stocks dropped Friday, extending losses from a rout in the previous session. The US economy added 428,000 jobs in April, more than the 391,000 median expectation. The strong report suggested the Fed will stick to its path of interest rate hikes. Loading Something is loading. US stocks ended in the red Friday, extending a… Continue reading US stocks extend losses as investors digest jobs report and Fed moves
A Florida pension is suing to prevent a quick merger for Elon Musk’s proposed $44 billion Twitter buyout
A pension fund in Florida is suing Twitter over Elon Musk’s proposed buyout, reports said Friday. The Orlando Police Pension Fund claims Musk’s financial arrangements for the deal should prevent the transaction from closing before 2025. Musk in April won Twitter’s approval to buy the social media platform for $54.20 a share. Loading Something is… Continue reading A Florida pension is suing to prevent a quick merger for Elon Musk’s proposed $44 billion Twitter buyout
Russia is set to lose its status as a top global oil power under an EU embargo. 3 experts break it down: ‘It could surely cripple the Russian oil and gas industry’
An oil embargo from the European Union could severely damage Russia’s global standing and oil production. “An EU embargo on Russian energy would surely cripple the Russian oil and gas industry,” a top oil analyst told Insider. Three experts broke down what could happen next, and Moscow’s role as a premier oil power in the… Continue reading Russia is set to lose its status as a top global oil power under an EU embargo. 3 experts break it down: ‘It could surely cripple the Russian oil and gas industry’
Twitter offers a merger arbitrage opportunity as the stock remains below Elon Musk’s offer price, but analysts say he’s about to close the gap
Twitter is still below Elon Musk’s takeover price, offering a merger arbitrage opportunity for investors. But Musk recently brought in $7 billion in new investments, narrowing the spread between the stock and his offer price. The capital influx is giving Wall Street more confidence that the deal goes through. Loading Something is loading. Wall Street… Continue reading Twitter offers a merger arbitrage opportunity as the stock remains below Elon Musk’s offer price, but analysts say he’s about to close the gap
Wall Street is divided on the prospect of a recession. Here’s what 4 firms see unfolding for the US economy, from an imminent meltdown to a manageable high-inflation situation.
US Markets Loading… H M S Fabrice Cabaud/Getty Images US GDP shrunk last quarter, and two contractions in a row typically marks a recession. Wall Street firms are split on the prospect of whether the US will tumble into one. Some say that inflation will continue to rise, making a recession inevitable, and others say… Continue reading Wall Street is divided on the prospect of a recession. Here’s what 4 firms see unfolding for the US economy, from an imminent meltdown to a manageable high-inflation situation.
A 16-year-old whose NFT collection is worth $1 million shares the steps he took to create and upload his art, the software he used, and how the bidding war for his work took off
Jaiden Stipp was creating logos and designs and selling them while he was in lockdowns. He started to experiment with NFTs after seeing other artists boast about them on Instagram. He uses Adobe Illustrator, After Effects, and Premiere Pro to create multimedia art for his NTFs. Jaiden Stipp, publicly known as Jasti, is only 16… Continue reading A 16-year-old whose NFT collection is worth $1 million shares the steps he took to create and upload his art, the software he used, and how the bidding war for his work took off
Russia is still sliding towards a bond default in the coming weeks. It’s up to the US Treasury whether it actually happens.
The Russian government could still default on its foreign bonds within weeks, despite making key payments last week. That’s because a key US Treasury rule, which has allowed payments to go through, is set to expire later in May. If the Treasury doesn’t extend the exemption, Russia will find it very hard to get its… Continue reading Russia is still sliding towards a bond default in the coming weeks. It’s up to the US Treasury whether it actually happens.
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