Month: May 2022
Vice Media has hired financial advisors to seek a buyer, may sell itself in pieces, sources say
Shane Smith, co-founder of Vice. CNBC Vice Media, the digital media company once valued at $5.7 billion, has hired bankers to seek a sale, according to people familiar with the matter. Several buyers have expressed preliminary interest in acquiring Vice outright, people familiar with the matter said. While finding a single buyer would be a […]
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Here’s where things stand in the Denver Broncos sale process
Cameron Fleming #73 of the Denver Broncos runs onto the field before a game against the Kansas City Chiefs at Empower Field at Mile High on January 8, 2022 in Denver, Colorado. Dustin Bradford | Getty Images The first bids are in for the Denver Broncos sale process, and vetting is under way. The NFL […]
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Prime Minister Boris Johnson says the UK will build one new nuclear plant a year
As Europe looks to move away from dependence on Russian energy, U.K. Prime Minister Boris Johnson said nuclear power needs to play a larger role. Nuclear power is “absolutely crucial to weaning us off fossil fuels, including Russian oil and gas,” Johnson said during a visit to England’s Hartlepool nuclear power station on Monday. “Instead […]
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Biden administration announces $3.1 billion to make electric vehicle batteries in the U.S.
U.S. President Joe Biden gestures after driving a Hummer EV during a tour at the General Motors ‘Factory ZERO’ electric vehicle assembly plant in Detroit, Michigan, November 17, 2021. Jonathan Ernst | Reuters The Biden administration announced on Monday that it will provide $3.1 billion in funding to support efforts to make electric vehicle batteries […]
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Expedia shares rise after beating revenue estimates
Seema Mody reports Expedia’s latest earnings. Source
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Warren Buffett’s energy bet tops $40 billion, a record for Berkshire Hathaway
Warren Buffett piled into the energy sector as he took advantage of “gambling in the market” to pick up established oil and gas players at attractive prices. Source
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10-year Treasury yield tops 3% for first time since 2018
U.S. Treasury yields continued their push higher on Monday, with the 10-year Treasury yield capturing a new milestone in its rapid climb in 2022. The yield on the benchmark 10-year Treasury note rose about 11 basis points to 2.994%, and hit a high of 3.01% during the session. The yield on the 30-year Treasury bond […]
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Texas Teachers’ CIO Auby is underweight stocks, says investors should hold cash despite inflation
Auby believes the Federal Reserve’s mandates are “flashing late cycle” even as other signs suggest the underlying economy is doing well. Source
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10-year yield punches through key 3%, but there’s a level that could be even scarier for stocks
The 10-year Treasury yield pushed through the 3% level, but strategists say there’s another slightly higher level that could be an even bigger test for stocks. Source
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Fears of a Fed mistake grow as this week’s anticipated interest rate hike looms
Jerome Powell, Chairman of the U.S. Federal Reserve, attends the National Association of Business Economicseconomic policy conference in Washington, D.C, United States on March 21, 2022. Yasin Ozturk | Anadolu Agency | Getty Images The Federal Reserve is tasked with slowing the U.S. economy enough to control inflation but not so much that it tips […]
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