By Alice Seeley Twitter announced on April 25 that it accepted Tesla CEO Elon Musk's offer of $44 billion to buy the social media company and take it private. The board has approved the transaction and is now subject to a shareholder vote. In a prepared statement, Twitter said Musk secured $25.5 billion of debt and margin loan [...]
By Alice Seeley Walt Disney stock reached an all-time high in March 2021, trading at $200 per share. However, it is now poised to be one of the worst-performing stocks in 2022. The stock has been in free fall recently, dropping nearly 33% from a year ago to $120 per share, a 15% decrease since the start of 2022. Of the [...]
By Alice Seeley Nestlé, the world's largest food and drinks company, has raised prices for North American consumers by 8.5% in the first three months of 2022, according to the company's first-quarter earnings release on April 21. Consumers in Latin America also saw a major increase, with the price of Nestlé products rising by 7.7%. "We stepped up pricing [...]
By Alice Seeley Earlier this week, the Biden administration announced will continue its student loan cancellation effort by making 40,000 borrowers eligible to have their student loans erased under the Public Service Loan Forgiveness program. “Student loans were never meant to be a life sentence, but it’s certainly felt that way for borrowers locked out of debt relief they’re eligible [...]
By Alice Seeley Uber Technologies Inc. and Lyft Inc announced on April 19 that masks are now optional for riders and drivers in the U.S., shortly after several major airlines announced that masks are now optional. The companies announced the change one day after U.S. District Judge Kathryn Kimball Mizelle struck down the Biden administration's mask mandate for airplanes, airports, taxis, [...]
By Alice Seeley Oil rose to a three-week high on April 18, with Brent crude reaching $113 a barrel as outages in Libya increase concern over tight global supply amid the Ukraine crisis. Currently, there are major protests at Libya's largest oil field, with government officials warning that all exports from Libya are now threatened. The field was already [...]
By Alice Seeley With the average house price in America increasing by 16 % over the last year, it would make sense if property taxes dramatically increased as well. Surprisingly, the average property tax only increased by 1.8%, the smallest increase in the past five years. These low property taxes may not last long. According to Rick Sharga, Executive Vice [...]
By Alice Seeley After rejecting an offer of a position on Twitter's Board of Directors, Tesla CEO Elon Musk has offered to buy Twitter for $54.20 per share in cash, or around $43 billion. This is his "best and final offer." Musk's offer was revealed in a regulatory filing that he posted on Twitter on Thursday, April 14. The offer is currently [...]
By Alice Seeley The world's largest movie theater chain AMC Entertainment has bought seven Bow Tie Cinemas locations, with five in Connecticut, one in upstate New York, and one in Annapolis, MD. Through this deal, AMC has acquired 66 new movie screens. The five Connecticut locations will double AMC's overall presence in the state. AMC stated it "remains [...]
By Alice Seeley The Transportation Security Administration (TSA) announced on April 13 that the 14-month-old federal mask mandate on airplanes and other forms of transportation will be extended for another 15 days until Tuesday, May 3. The move comes as the Centers for Disease Control and Prevention identified a new variant of COVID, BA.2. The [...]
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