Twitter has launched a poison pill takeover defence to fend off a $43bn hostile bid from billionaire Tesla chief executive Elon Musk. In the first sign that the social media company plans to fight Musk’s bid, Twitter said on Friday that its board of directors had unanimously adopted a year-long shareholder rights plan to “enable
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Municipals were steady to weaker in spots before the holiday weekend, outperforming a U.S. Treasury sell-off with a double-digit rise in yields as traders continued to weigh the impact of inflation. Equities ended in the red. Triple-A muni yields were cut a basis point, depending on the scale, while UST yields rose 11 to 14
Demonstrating a commitment to environmental, social and governance factors can broaden the investor pool for not-for-profit healthcare bonds but organizations should tread cautiously as disclosure practices evolve, Kaufman Hall’s Lisa Goldstein wrote. “ESG has already become a significant consideration for investors in taxable debt,” Goldstein, a senior vice president and member of the advisory firm’s
One of the biggest challenges cryptocurrency projects face is finding the right type of real-world integration and a use case that can spark a new waves of adoption. Integrating blockchain and cryptocurrency with professional sports has been the expected “next wave” for some time and Chiliz (CHZ), a protocol focused on creating a fan engagement
Traders on the floor of the NYSE, March 29, 2022. Source: NYSE Earnings season is here and it may distract investors from other issues, but it’s not likely to be the big driver of the overall market in the week ahead. Investors instead, will keep an eye on the things that have been worrying the
At the midpoint of April, housing markets are reflecting a changing landscape, according to a new report by Realtor.com. With Americans looking beyond the pandemic toward a new normal, businesses reopening offices and attempting to persuade workers to return, and people ready to embrace warmer weather in vacation destinations, real estate markets are welcoming an
Peopleimages | Istock | Getty Images In just a matter of months, mortgage rates have surged from just over 3% for a 30-year fixed loan to just north of 5%. As potential homebuyers follow those figures, there is one thing they may be overlooking: their credit score. The three-digit number has a big impact on
On-chain data shows the Bitcoin short-term holder SOPR has broken above one for the first time since December 2021. Bitcoin Short-Term Holders Return To Profit Once Again As pointed out by an analyst in a CryptoQuant post, the BTC STH SOPR has once more broken past the “one” barrier. The “Spent Output Profit Ratio” (or
Elon Musk has made an offer to buy Twitter with a bid that values the company at $43.4bn, a move that could turn the Tesla chief executive into a social media mogul. Musk’s offer of $54.20 a share comes days after he took a 9 per cent stake in the company, becoming its largest shareholder
Municipals were mixed as U.S. Treasury yields fell for the second straight session, while the Investment Company Institute reported $4.8 billion of outflows, the highest since March 2020. Triple-A muni yields rose up to four basis points, depending on the scale, while UST yields fell two to six on bonds 10 years and in. Muni-UST
Moody’s Investors Service Wednesday upgraded New York State’s issuer rating and its general obligation, personal income tax revenue and sales tax revenue bonds to Aa1 from Aa2. “The upgrade to Aa1 for New York’s issuer rating reflects a significant increase in resources combined with agile financial management that has resulted in balanced or nearly budgets
In this article LATG Daniel Loeb, founder and chief executive officer of Third Point LLC Jacob Kepler | Bloomberg | Getty Images (Click here to subscribe to the Delivering Alpha newsletter.) The once red-hot SPAC market is becoming a fertile ground for activist investors who push for changes at problematic companies and profit from them. A record
The cryptocurrency market has far faced an uphill battle for the larger part of 2022 due to global economic headwinds on multiple fronts, along with supply chain constraints, blistering inflation and the ongoing war in Ukraine. Despite the weakness seen in a majority of crypto assets, several decentralized finance (DeFi) protocols have managed to strengthen
In this article JPM The JP Morgan Chase & Co. headquarters, The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York. Tim Clayton – Corbis | Corbis Sport | Getty Images Check out the companies making headlines in midday trading. JPMorgan Chase – Shares fell 3.5% as JPMorgan Chase reported a $524 million
Most visits to Paris include a stop in Montmartre in the city’s 18th arrondissement. Montmartre is a hill with the beautiful, white-domed Basilica of the Sacre Coeur. Tracing the city’s glorified history from the end of the 19th century and into the 20th, artists flocked to Montmartre, making it their own. The rents were low,
RgStudio | E+ | Getty Images New government data showing record high inflation probably comes as no surprise to consumers who are facing sticker shock everywhere from the grocery aisles to the gas pump. Now, all eyes are on the Federal Reserve, which is expected to continue to raise interest rates to try to tamp
Bitcoin (BTC) and major altcoins are attempting a recovery after the sharp fall on April 11. According to Glassnode’s recent weekly report, Bitcoin has witnessed a “modest volume of profit-taking by investors” since mid-February, which could “be providing sufficient headwinds to prices.” While some investors are booking profits, the Luna Foundation Guard, the nonprofit organization
In this latest video exploring the essential parts of the Forex market, we look at an example to show how the cost of holding an FX trade overnight affects your profit or loss for the position overall. We also explain which are the major currencies and run through the major currency pairs. Test and practice
A court in Jersey has imposed an order freezing more than $7bn in assets linked to Roman Abramovich in a significant blow to the Russian oligarch’s fortune. The order comes after the island’s police searched premises “suspected to be connected to the business activities of Roman Abramovich”. “The Royal Court also imposed a formal freezing
Fitch Ratings upgraded debt issued on behalf of the University of Portland in Oregon to A-plus from A, citing the easing of pandemic-related pressures. The upgrade applies to $80 million of tax-exempt and taxable bonds issued in 2015 for the private Catholic university by state conduit issuer the Oregon Facilities Authority. The bonds are secured