The Biden administration’s rejection of the proposed $2.18 billion publishing merger reflects a changing atmosphere in Washington toward consolidation.Penguin Random House said Tuesday that it planned to fight the Justice Department’s challenge to its proposed acquisition of Simon & Schuster. Credit...Jeenah Moon for The New York TimesNov. 2, 2021The Biden administration on Tuesday sued to stop…
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SolarCity trucks are shown in San Diego, California, U.S., November 2, 2016. REUTERS/Mike Blake/File PhotoRegister now for FREE unlimited access to reuters.comSAN FRANCISCO/WASHINGTON, Dec 6 (Reuters) - The U.S. securities regulator has opened an investigation into Tesla Inc (TSLA.O) over a whistleblower complaint that the company failed to properly notify its shareholders and the public…
Bitcoin and other cryptocurrencies fell sharply Saturday, another sign that investors were pulling back from riskier bets after this week’s stock-market selloff. Bitcoin, the largest cryptocurrency by market value, plunged more than 20% to $42,000 at midnight Eastern Time on Saturday before bouncing back, according to data from CoinDesk. It was trading at $49,000 Saturday…
Nov. 30, 2021Updated 6:28 p.m. ETJust as a worrying new variant of the coronavirus has begun to spread, the Federal Reserve chair signaled on Tuesday that the central bank could reduce its support for the economy more quickly, sending a shudder through Wall Street and pushing the S&P 500 negative for November.A sell-off already in…
Black Friday indeed. Some grim headline are greeting those investors who aren’t stretching out the Thanksgiving holiday into a long weekend, with news of a new COVID variant — B.1.1.529 —detected in South Africa. It’s the most heavily mutated so far, which means it could be more transmissible and resistant to vaccines. There is no…
Please try another search EconomyNov 22, 2021 04:51PM ET 2/2 © Reuters. FILE PHOTO: A man wearing a protective face mask, following an outbreak of the coronavirus, talks on his mobile phone in front of a screen showing the Nikkei index outside a brokerage in Tokyo, Japan, February 26, 2020. REUTERS/Athit Perawongmetha/File Ph 2/2 By…
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New York (CNN Business)Huawei CFO Meng Wanzhou and the US Department of Justice on Friday entered an agreement to defer prosecution of US charges against her until late 2022, after which point the charges could be dropped. The deal, which allowed Meng to return to China, could bring to an end a nearly three-year legal…
Let’s be honest about this year’s big climate gathering in Glasgow, Scotland: There will be far more talk than action and few deliverables. Carbon emissions nearly everywhere will remain alarmingly high, with a warming climate raising the price we pay, in lives and dollars, for inaction.The good news on climate change is a consensus is…
Chancellor of the Exchequer Rishi Sunak holds the Budget box outside 11 Downing Street in central London ahead of the announcement of the Spring Statement in the House of Commons on 03 March, 2021 in London, England.Wiktor Szymanowicz | Barcroft Media | Getty ImagesLONDON — Multi-billion pound spending on health care services and transport were…