Business

“Boeing agrees to buy fuselage maker Spirit AeroSystems in $4.7 billion deal”

“Boeing said Monday that it will buy back its struggling fuselage maker Spirit AeroSystems in an all-stock deal that the plane maker has said will improve safety and quality control. It said it agreed to pay $37.25 a share in Boeing stock for… Continue Reading…

Stocks

“6 Artficial Intelligence (AI) Stocks Are Worth Over $1 Trillion. Here Are the 2 Most Likely to Join the Club Next.”

“…Next in the club Which AI companies are in the best position to join these six in the $1 trillion club? My votes go to Broadcom (NASDAQ: AVGO) and Taiwan Semiconductor Manufacturing (NYSE: TSM)… While I predict Broadcom and Taiwan Semiconductor will be the next… Continue Reading…

Stocks

“GM board approves new $6 billion share buyback authorization” [TUE, JUN 11 2024]

“… …” https://www.cnbc.com/2024/06/11/gm-board-approves-new-6-billion-share-buyback-authorization.html

Business

“Payhawk, a $1 billion corporate card startup, plans M&A shopping spree after 86% sales growth”

“AMSTERDAM — Corporate payments startup Payhawk told CNBC it is planning mergers and acquisitions to grow its footprint in the corporate spend management world and take on big players like SAP. Bulgarian-founded Payhawk said it is looking to acquire a company or companies at… Continue Reading…

Business, Stocks

“Squarespace to go private in $7 billion private-equity deal”

“Squarespace, the website-building platform, announced on Monday it would go private in a $6.9 billion all-cash deal with private-equity firm Permira, after nearly three turbulent years on the public market. Permira agreed to pay $44 per share in cash, a roughly 30% premium to… Continue Reading…

Business

“Warner Bros. Discovery Lost Money Last Year. Its CEO Got a $50 Million Payday.”

“Warner Bros. Discovery shares have slumped since the media and entertainment company was created two years ago, but that hasn’t dented its chief executive’s pay.  Last year, CEO David Zaslav received pay valued at $49.7 million, a 27% increase from 2022, the… Continue Reading…

Business, Economy

“New EPA limits on ‘forever chemicals’ in drinking water could cost $1.5 billion per year to implement”

“… …” https://www.cnbc.com/2024/04/10/forever-chemical-pfas-pfos-regulation-to-cost-1point5-billion-annually-.html This is one time the cost is worth it. The alternative is cancer causing chemicals. No thanks.

Economy, Real Estate

[Inflation] “$1 million homes are now ‘typical’ in a record number of U.S. cities, analysis finds. Here’s where they are”

“There is a record number of areas in the U.S. where the “typical” home is worth $1 million or more. In February, the country had 550 “million-dollar” cities, or areas where the “typical” home value is $1 million or more,… Continue Reading…

Business

“Johnson & Johnson boosts heart device business with $12.5 billion Shockwave Medical deal”

“Johnson & Johnson on Friday agreed to buy Shockwave Medical for $12.5 billion in a deal that would help broaden its portfolio of medical devices used in treating heart diseases. The acquisition gives J&J access to a device that uses shockwaves to break… Continue Reading…

Economy, Energy

“Oil Holds Above $90 After Middle East Tensions Push Brent Higher”

“…The global benchmark Brent earlier pierced $91 a barrel, before trading little changed. The focus has shifted to a dramatic repricing of geopolitical risk, after Israel increased preparations for a potential retaliation by Tehran to a strike on an Iranian… Continue Reading…