Dan Sundheim’s D1 Cash places new bets on property furnishing merchants, adds to large tech
Finance
Ryan Cohen’s mysterious bank letter backing GameStop’s eBay bid reveals a big issue with deal
Key Points Earlier this week, GameStop made a bold offer to buy eBay for $56 billion. The video game retailer said that it has lined up a $20 billion financing commitment from TD Securities. A key condition in this financing letter from TD Securities would require the combined entity to maintain an investment-grade credit profile, […]
Read More
Finance
Stocks making the biggest moves premarket: Whirlpool, Shake Shack, McDonald’s, Arm Holdings & more
Check out the companies making the biggest moves in premarket trading: Shake Shack — Shares tumbled 17% after the burger chain’s first-quarter results fell short of expectations and it reported an operating loss of $2.6 million. Shake Shack’s earnings per share broke even, versus earnings of 12 cents a share expected from analysts polled by […]
Read More
Finance
Asian Development Bank’s $70 billion energy and digital infra push puts Southeast Asia center stage
Key Points ADB’s $70 billion plan includes a pan-Asia power grid initiative and an Asia-Pacific digital highway for better connectivity in the region. Industry experts say Southeast Asia stands to gain the most from ADB’s plans. Source
Read More