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Blackstone weighs $5 billion sale of Beacon Offshore, source says
Blackstone is exploring a sale or IPO of Beacon Offshore Energy, valuing the Gulf of Mexico oil and gas operator at over $5B.
Bitcoin hoarder Strategy buys $2.13B in bitcoin in eight days
Jan 20 (Reuters) – Billionaire Michael Saylor’s bitcoin-focused firm Strategy said on Tuesday it bought about $2.13 billion worth of bitcoin over the past eight days, stepping up purchases even as its stock has been pressured by cryptocurrency volatility. The Tysons-based company acquired roughly 22,305 bitcoin between the period of Jan. 12 and Jan. 19, […]
S&P 500, Nasdaq slump to one-month lows as Greenland dispute triggers global selloff
Jan 20 (Reuters) – The S&P 500 and Nasdaq Composite dropped to their lowest points in a month on Tuesday, as investors returned from the U.S. long weekend and reacted negatively to fresh tariff threats from President Donald Trump against Europe and renewed volatility in global markets. The risk-off wave, which also pushed the Dow […]
Oil edges up as investors assess US tariff threats, weaker dollar
LONDON, Jan 20 (Reuters) – Oil prices were slightly higher on Tuesday as investors monitored U.S. President Donald Trump‘s tariff threats against European states opposing his push to acquire Greenland, while firmer global economic growth expectations and a weaker U.S. dollar supported prices. Brent futures gained 49 cents, or 0.77%, to $64.43 a barrel at […]
Congressional spending deal provides funding for 2,500 new air traffic controllers, $2.4 billion for Amtrak
WASHINGTON, Jan 20 (Reuters) – A bipartisan spending deal announced Tuesday provides funding for 2,500 air traffic controllers and $2.4 billion for U.S. passenger railroad Amtrak. The funding deal also includes $514 million to subsidize air services to rural communities in a program called the Essential Air Service program, rejecting a White House proposal to […]
Netflix makes all-cash bid for Warner Bros assets
LOS ANGELES, Jan 20 (Reuters) – Netflix has switched to an all-cash offer for Warner Bros Discovery’s studio and streaming assets without increasing the $82.7 billion price in a bid to shut the door on Paramount’s rival efforts to snag the Hollywood giant. The new all-cash bid – at $27.75 a share – has unanimous […]
White House seeks emergency power auction for largest US electric grid
WASHINGTON, Jan 16 (Reuters) – The White House on Friday urged the largest U.S. electric grid to conduct an emergency power auction to protect against rolling blackouts as energy demand from data centers grows faster than the country can build new generation plants. The Trump administration initiative calls on PJM Interconnection, which serves 67 million […]
Virginia Democrats move toward new map that could net House seats
Jan 16 (Reuters) – Virginia’s Democratic-controlled Senate on Friday approved a constitutional amendment that, if approved by voters, would permit lawmakers to redraw the state’s congressional lines, potentially netting Democrats up to four U.S. House of Representatives seats. The state’s move is the latest volley in a nationwide battle over redistricting between Republican[...]
Wall Street ends flat ahead of long weekend
NEW YORK, Jan 16 (Reuters) – U.S. stocks ended nearly flat on Friday in a choppy session ahead of the long weekend, although all three major indexes posted losses for the week as fourth-quarter earnings season kicked off. Shares of chipmakers rose, with an index of semiconductors extending gains from Thursday. Big U.S. banks posted […]
Fed should be ready to cut rates again amid job market risks
FOXBOROUGH, Massachusetts, Jan 16 (Reuters) – Federal Reserve Vice Chair for Supervision Michelle Bowman said on Friday a fragile job market that could weaken quickly means the U.S. central bank should stand ready to cut interest rates again if needed. “Absent a clear and sustained improvement in labor market conditions, we should remain ready to […]
