CEO Elon Musk’s Twitter is looking to raise up to $3 billion to pay down its current debt of over $13 billion. According to the Wall Street Journal, Musk and his team have spoken with investors about repayment plans. The unsecured portion of the loan package carries the highest interestContinue Reading
From left: Fed officials Jerome Powell, Lael Brainard, and John Williams ponder the great outdoors during a break at the economic symposium at Jackson Hole. David Paul Morris/Bloomberg Text size Grand Teton National Park has a stark warning for visitors to the Wyoming mountain oasis. “Bears are active,” it saysContinue Reading
(Bloomberg) — Broadcom Inc. is in talks to acquire cloud-computing company VMware Inc., according to people familiar with the matter, setting up a blockbuster tech deal that would vault the chipmaker into a highly specialized area of software. Most Read from Bloomberg The discussions are ongoing and there’s no guaranteeContinue Reading
This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process. His name is Vitalik Buterin and after dedicating the cover of its most recent edition to him, TIME has named him the King of Cryptocurrencies . Bloomberg | Getty Images The 28-year-oldContinue Reading
An elderly couple walk past a sign in front of Shimao Tower, developed by Shimao Group Holdings Ltd., in Shanghai, China, on Saturday, Jan. 8, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese real estate developer Shimao Group Holdings pushed back Tuesday on reports of default andContinue Reading
(Bloomberg) — China Evergrande Group scrapped talks to offload a stake in its property-management arm and said real estate sales plunged about 97% during peak home-buying season, worsening its liquidity crisis on the eve of a dollar-bond deadline that could tip the company into default. Most Read from Bloomberg InContinue Reading
(Bloomberg) — Brent oil was constant in the vicinity of $76 a barrel forward of yet another round of critical OPEC+ conversations to split a stalemate over elevating creation, with stress growing around the weekend between two extended-time allies. Talks are established to resume later Monday immediately after ending FridayContinue Reading