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Business

“Target lowering prices on 5,000 items in bid to lure more shoppers”

“Target will be lowering prices on at least 5,000 frequently shopped products across its assortment ranging from milk to diapers, the big-box retailer said on Monday, as it looks to attract budget-stretched customers. Still-high food prices and borrowing costs have… Continue Reading…

Economy

“Cuba guarantees food rations in bid to defuse tension after protests”

“Cuban President Miguel Diaz-Canel said on Thursday his communist-run government has secured supply of key subsidized food rations as he moved to defuse tensions just two weeks after protesters took to the streets over widespread shortages… The shortages, combined with… Continue Reading…

Stocks

“Reddit investors shrug off hold rating, bid up stock another 9% as post-IPO rally continues”

“…The shares climbed 8.8% on Tuesday to close at $65.11. They’re now up 92% since debuting on the stock market last week under ticker symbol “RDDT.” It was the first social media IPO since Pinterest’s offering in 2019. Reddit and existing shareholders sold 22… Continue Reading…

Business

“Why Macy’s rejected its $5.8 billion buyout bid — and what’s next”

“…The once darling department store faces an uncertain future after it rejected a $5.8 billion buyout offer from one of its shareholders, Arkhouse, and its partner Brigade Capital Management, on Sunday. Macy’s cited financing issues as a reason for the… Continue Reading…

Stocks

“Ambrx Holders Who Bought for Pennies See 6,700% Gain on J&J Bid”

“Longtime believers in Ambrx Biopharma Inc. are being rewarded with juicy returns as Johnson & Johnson’s buyout offer values the biotech stock at more than 6,700% of its all-time low. Johnson & Johnson agreed to acquire Ambrx for $28 per… Continue Reading…

Economy

“Dubai nixes its 30% alcohol tax in a bid to attract more tourism”

“…Dubai is scrapping its 30% tax on alcohol sales for the rest of the year, the emirate’s municipality announced Monday, the latest move in a series of liberalizing policy changes over the last few years aimed at boosting tourism and… Continue Reading…

Business, Stocks

“Twitter shares jump 3% on reports it could accept Elon Musk’s bid as early as Monday”

“Twitter shares jumped more than 3% on reports the company is nearing a deal with Elon Musk that could be announced as soon as Monday. Musk earlier this month offered to buy Twitter for $54.20 a share, or about $43 billion. The social media… Continue Reading…