November 19, 20240 Comments

Alibaba delivers initial price guidance on $5 billion dual-currency bond, term sheet shows By Reuters

SYDNEY (Reuters) – Alibaba (NYSE:) Group has delivered investors initial price guidance on its $5 billion dual currency bond, according to a term sheet reviewed by Reuters on Tuesday. The U.S. dollar tranche consists of 5.5-year, 10.5-year and a 30-year bond, the term sheet showed. The 5.5-year bond has an initial price guidance of Treasuries and about 90 basis points, the 10.5-year is Treasuries plus about 115 basis points and

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November 18, 20240 Comments

DOJ to ask judge to force Google to sell off Chrome, Bloomberg reports By Reuters

WASHINGTON (Reuters) – The U.S. Department of Justice will ask a judge to force Alphabet (NASDAQ:) Inc.’s Google to sell off its Chrome browser, Bloomberg reported on Monday. Citing people familiar with the plans, Bloomberg also reported that the department will ask the judge, who ruled in August that Google illegally monopolized the search market, to require measures related to artificial intelligence and its Android smartphone operating system. Source link

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November 18, 20240 Comments

Trump Media & Technology Group in talks to buy Bakkt: FT By Investing.com

Investing.com –Donald Trump’s social media company, Trump Media & Technology Group is advanced discussions to buy digital asset marketplace Bakkt in an all-stock deal, the Financial Times reported on Monday, citing people familiar with the matter. Trump’s Truth Social platform-parent Trump Media & Technology Group , which as been seeking to diversify its offerings beyond social media, recently launched crypto venture, World Liberty Financial.  President-elect Trump has previously positioned himself as pro-cryptocurrency on the

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November 18, 20240 Comments

MicroStrategy makes record bitcoin purchase for $4.6 billion By Investing.com

Investing.com – MicroStrategy Incorporated (NASDAQ:) added 52,000 bitcoins to its portfolio worth $4.6 billion over the last week, marking the largest purchase in the company’s history, software firm disclosed in a regulatory filing on Monday. MicroStrategy’s shares surged 9%, reaching $371, with the stock having quintupled in value so far this year. has been rallying since Donald Trump’s election as U.S. president driven by expectations of regulatory easing, and breached the

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November 18, 20240 Comments

Boeing to lay off over 2,200 workers in US states of Washington and Oregon By Reuters

By Dan Catchpole, Allison Lampert (Reuters) -Boeing will lay off more than 2,200 workers in the U.S. states of Washington and Oregon, according to filings posted on Monday, as part of the debt-heavy U.S. planemaker’s plan to cut 17,000 jobs, or 10% of its global workforce.  The aerospace giant started telling affected U.S. workers on Wednesday that they will stay on Boeing (NYSE:)’s payroll until Jan. 17, to comply with

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