Elon Musk to buy Twitter in $44 billion deal

Elon Musk to buy Twitter in $44 billion deal

Twitter said Monday it has agreed to sell itself to Elon Musk in a roughly $44 billion deal that has the potential to expand the billionaire’s business empire and put the world’s richest man in charge of one of the world’s most influential social networks. The deal, which will take the company private, caps off […]

Western Sanctions Bite Russian Economy, but Pose Unpredictable Risks

Western-Sanctions-Bite-Russian-Economy_-but-Pose-Unpredictable-Risks-by-bloomberg-subscription

Despite short-term recession and long-term harm, Russia’s behavior may not change, and Western governments face complex potential repercussions. The conventional wisdom until last week was that sanctions had limited influence on a nation state, especially one as large as Russia. That wisdom may need to be revisited. The sanctions leveled at Russia for its invasion […]

Walmart Has Kept Strong Sales Throughout The Pandemic Period And Increased Cost To Boost Its Business

Walmart Withstands Pandemic Blows, Higher Costs to Boost Business by Bloomberg Subscription

First American News LLC-Raleigh, NC: Walmart Inc. is the country’s largest retailer by revenue has helped it navigate higher supply-chain and wage costs, labor shortages, and rising prices. During an interview, the retailer said it expects stronger sales this year. On Thursday Walmart reported stronger sales over the winter holiday shopping season and said it […]

Warehouse Space Is the Latest Thing Being Hoarded

Warehouse Space Is the Latest Thing Being Hoarded by bloomberg digital subscriptions

First American News LLC, Raleigh, NC: Logistics firms are finding new options to deal with a scarcity of storage, including building multistory facilities and choosing locations farther from coastal ports. As retailers and logistics companies try to stockpile goods to hedge against supply chain problems, they are facing a new challenge: In many parts of […]

Musk Says His Tweet About Taking Tesla Private Was ‘Entirely Truthful’

Musk Says His Tweet About Taking Tesla Private Was ‘Entirely Truthful’

First American News LLC: Raleigh, NC: Elon Musk says his 2018 tweet about planning to take Tesla Inc. private was “entirely truthful” and that investors who claim the missive was fraudulent are wrong. Lawyers for the billionaire chief executive officer of the electric-car maker said in a court filing Tuesday that Saudi Arabia’s sovereign wealth […]