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Business, Stocks

“S&P and Moody’s downgrade JetBlue amid $3 billion debt raise, shares sink”

August 20, 2024

“…Shares of the New York-based company plummeted 19%. JetBlue intends to raise $1.5 billion through a private offering of senior secured notes and an additional $1.25 billion via a term loan, secured by TrueBlue. It also plans to raise $400… Continue Reading…

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Economy

“$1 million starter home? It’s the norm in 237 cities”

July 26, 2024

“The number of cities with ‘million-dollar’ starter homes has nearly tripled since 2019 SEATTLE, July 25, 2024 /PRNewswire/ — A million-dollar price tag no longer means lavish and luxurious living. In more than 200 U.S. cities, buyers will find a price tag… Continue Reading…

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Real Estate

“Mortgage refinance demand drops further, despite homeowners sitting on $17 trillion in equity”

July 12, 2024

“… …” https://www.cnbc.com/2024/07/10/mortgage-refinance-demand-drops-with-homeowners-sitting-on-huge-equity.html

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Economy

“The world is sitting on a $91 trillion problem. ‘Hard choices’ are coming”

July 9, 2024

“Governments owe an unprecedented $91 trillion, an amount almost equal to the size of the global economy and one that will ultimately exact a heavy toll on their populations… The International Monetary Fund last week reiterated its warning that “chronic fiscal… Continue Reading…

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Business

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

July 8, 2024

“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…

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Stocks

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

July 2, 2024

“…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…

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Stocks

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

June 28, 2024

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

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Business

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

June 11, 2024

“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…

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Business, Stocks

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

May 15, 2024

“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…

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Business

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

May 1, 2024

“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…

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