Wall Street stumbles as surging Treasury yields slam growth stocks
By Stephen Culp NEW YORK (Reuters) – Wall Street closed sharply lower on Monday as investors started the holiday-shortened week in a risk-off mood, as rising bond yields weighed on…
Buffett needed two weeks for $11.6 billion Alleghany purchase, balked at Goldman fee
By Jonathan Stempel NEW YORK (Reuters) – Warren Buffett needed just two weeks to put together Berkshire Hathaway (NYSE:BRKa) Inc’s $11.6 billion takeover of Alleghany (NYSE:Y) Corp, its largest acquisition…
Pendal says Perpetual’s offer significantly undervalues investment manager
(Reuters) -Pendal Group Ltd said on Tuesday the A$2.40 billion ($1.78 billion) non-binding takeover offer from asset manager Perpetual Ltd “significantly undervalued” the Australian investment manager. The A$6.23 per share…
Oil Edges Higher After Slump as Investors Assess China Outlook
(Bloomberg) — Oil gained — after sliding 4% on Monday — as investors assessed the outlook for Chinese demand following the easing of some virus restrictions in Shanghai. West Texas…
Meta to start testing money-making tools for its metaverse
(Reuters) -Facebook owner Meta Platforms is beginning to test tools for selling digital assets and experiences within its virtual reality platform Horizon Worlds, a key part of its plan for…
Chevron, union meet as California refinery strike enters third week -official
By Erwin Seba HOUSTON (Reuters) – Chevron Corp (NYSE:CVX) and the United Steelworkers union (USW) met on Monday to seek an end to a three-week-old strike by 500 workers at…
Elon Musk drops Twitter board seat in new U-turn
By Abinaya V and Nivedita Balu (Reuters) -Tesla Inc Chief Executive Elon Musk disclosed on Monday he had abandoned a plan to join Twitter Inc (NYSE:TWTR)’s board just as his…
Japan Finance Minister says Tokyo is closely communicating with U.S. on FX moves
TOKYO (Reuters) -Japan will communicate closely with the United States and other countries to respond to currency moves appropriately, Finance Minister Shunichi Suzuki said, ratcheting up warnings against any sharp…
Honda to spend $64 billion on R&D as it revs up electric ambitions
TOKYO (Reuters) -Japan’s Honda Motor Co Ltd plans to spend 8 trillion yen ($64 billion) on research and development over the next 10 years as it aims to roll out…
Zack Morris’s $1.5 million Bet on $STRN with Price Target of $10
Massive insiders ownership 45% is Bullish Low float Very high short interest Very high short borrow fee, 65% Higher revenue year over year Stran & Company, Inc. (“Stran” or the…