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TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why your next supermarket trip might be a little cheaper.
⏲ 1:53 👁 935K
Website-building platform Squarespace announced it will go private in a $6.9 billion all-cash deal with private equity firm Permira. Permira will pay $44 per share, a 30% premium over Squarespace's unaffected stock price. Squarespace struggled as a public company, opening below its reference price and never trading above its IPO price. Major shareholders approved the deal and will remain investors after the acquisition. The deal marks a trend of smaller tech companies going private after difficulties in the public markets.
⏲ 0:36 👁 680K
The popular cryptocurrency exchange Coinbase suffered a system-wide outage early Tuesday morning. Users could not access Coinbase and received a \
⏲ 0:34 👁 225K
McDonald's plans to launch a limited-time $5 meal promotion starting on June 25th that will last around a month. The promotion aims to win back customers who have cut back on fast food visits due to recent price hikes across many chain's menus. McDonald's sales growth has slowed as inflation has increased costs of food and labor. McDonald's CEO said keeping prices affordable is a priority to get customers back as they carefully watch every dollar spent.
⏲ 0:30 👁 240K
Comcast to Bundle , Peacock, Netflix and Apple TV+.<br/>On May 13, Comcast chief Brian Roberts announced the company's newest bundle, StreamSaver, NBC News reports. .<br/>Peacock, Netflix and Apple TV+ will be <br/>included in the bundle \
⏲ 1:31 👁 10M
Home Prices Dip , as Homebuyers Show , Dwindling Interest.<br/>'Newsweek' reports that home sellers <br/>have started to cut prices in an effort <br/>to attract buyers amid lagging demand.<br/>According to a recent analysis by Zillow, <br/>price reductions increased by more than 22%, <br/>reaching the highest rate in the last six years.<br/>Zillow suggests that the price cuts <br/>could indicate dwindling demand.<br/>Price cuts can be a sign <br/>of weakening demand <br/>that foretells softer <br/>price growth ahead, Skylar Olsen, chief economist of Zillow, via 'Newsweek'.<br/>Potential homebuyers may start to see <br/>a market with more options, with the <br/>supply of homes jumping 6.4% in April. .<br/>On an annual basis, the supply of <br/>properties on the market skyrocketed 18%.<br/>According to Skylar Olsen, the chief economist <br/>of Zillow, this represents the \
⏲ 1:30 👁 175K
As Welsh superstars are conquering the sporting world at the moment, attention turns from the snooker with Jak Jones to boxing as Lauren Price managed to go all the way to become world champion and make more history for her country.
⏲ 1:0 👁 1M
Warren Buffett's Berkshire Hathaway has revealed it has been buying shares of insurer Chubb over the past few quarters, making it one of Berkshire's largest holdings. Berkshire has acquired nearly 26 million shares of Chubb for a total stake worth $6.7 billion, making it Berkshire's 9th largest holding. Insurance is a core business for Berkshire, which owns companies like Geico and General Re and recently acquired Alleghany. Chubb's stock price jumped nearly 7% in after-hours trading following the news of Berkshire's sizable stake in the company.
⏲ 0:34 👁 130K
When it comes to using the dishwasher vs washing by hand, there’s a clear winner on which is cheaper.
⏲ 2:23 👁 170K
Chief Economist & Global Strategist at ADM ISI Marc Ostwald speaks to CGTN Europe about the latest figures and anticipated further policy measures.
⏲ 3:56 👁 55.8M
Walmart's stock price rose after it reported first-quarter earnings that beat analyst expectations, demonstrating consumer resilience in spending despite economic pressure. Walmart's market capitalization surpassed $500 billion for the first time following the strong earnings results. Walmart's CFO stated that consumers have remained consistent in spending from quarter to quarter, though budgets remain stretched. Upper-income consumers are increasingly shopping at Walmart. Analysts noted Walmart's increasing focus on higher-margin revenue streams like digital advertising, marketplace fees, and fulfillment services contributing to growth.
⏲ 0:38 👁 105K
#ImranKhan #supremecourt #qazifaezisa #CJP #nabamendmentcase #pti #headlines #pmshehbazsharif <br/><br/>ARY News 7 AM Headlines 16th May 2024 | Latest News From Adiala Jail <br/>
⏲ 10:0 👁 105K
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