Musk gets Twitter for $44 billion, to cheers and fears of ‘free speech’ plan
Elon Musk clinched a deal to buy Twitter Inc (TWTR.N) for $44 billion cash on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world’s richest person.
EXCLUSIVE Goldman, JPMorgan among banks left holding Russian stocks by sanctions switch
A decision last month by FTSE Russell and MSCI to remove Russian stocks from their indexes has left some of the world’s largest banks inadvertently holding potentially valuable positions, several sources familiar with the trades told Reuters.
Twitter, under shareholder pressure, begins deal talks with Musk
Twitter Inc (TWTR.N) kicked off deal negotiations with Elon Musk on Sunday after he wooed many of the social media company’s shareholders with financing details on his $43 billion acquisition offer, people familiar with the matter said.
KKR raises $19 billion for flagship North America private equity fund
Buyout firm KKR & Co Inc (KKR.N) said on Monday it has raised $19 billion from investors for its latest flagship North America private equity fund, its biggest fund ever.
EXCLUSIVE Germany to hike 2022 inflation forecast to 6.1% – document
The German government is set to hike its inflation forecast for this year to 6.1% due to the impact of the war in Ukraine, up from 3.3% it had forecast in January, according to government document seen by Reuters on Monday.
Analysis: U.S. trucking downturn foreshadows possible economic gloom
Craig Fuller monitors millions of transactions between U.S. truckers and their customers as chief executive of transportation data company FreightWaves – and he does not like what he is seeing.
Analysis: Yen’s past points to more pain ahead
The yen has tumbled 10% to a two-decade low to the dollar in a matter of weeks. But history suggests that still isn’t cheap, and investors are betting that it’s going to fall even further.
Netflix feels the heat as pandemic boom fizzles
Netflix Inc (NFLX.O) shares lost more than a quarter of their value in premarket trading on Wednesday after the company reported its first drop in subscribers in a decade, leaving Wall Street questioning its growth in the face of fierce competition and post-pandemic viewer fatigue.
Analysis: Wealth shock – property bust in small Chinese cities rattles households
Home owners in small Chinese cities are battling a rare property market downdraft as buyers keep away, eroding the wealth of millions in a blow to already brittle consumer confidence in the world’s second-largest economy.
Analysis: Positive real yields may spell more trouble for U.S. stocks
A hawkish turn by the Federal Reserve is eroding a key support for U.S. stocks, as real yields climb into positive territory for the first time in two years.
