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Blank Check Firm Goldenbridge Acquisition to Merge With Auto Services Group
10:14 AM EDT, 05/26/2022 (MT Newswires) -- Goldenbridge Acquisition (GBRG, GBRGU, GBRGW, GBRGR) has agreed to merge with Chinese provider of automotive services and insurance Auto Services Group, the
Energy prices soar France's inflation rate hit a decade-high in August
France's consumer price index (CPI) rose at an annual rate of 2.7% in August, the highest since December 2011, as energy and service costs rose sharply, according to data released by France's National Bureau of Statistics (INSEE) on Thursday. At present, most developed economies are being hit by soaring inflation. Italy, Germany and the euro zone are expected to report similar increases. But central banks have been playing down the importance of the recent surge in inflation. European Central Bank President Christine Lagarde said on Wednesday that the rise in inflation in the euro zone was "basically temporary", in line with Federal Reserve Chairman Colin Powell's remarks at the same group meeting. Bao Wei
Most of Wall Street: Don't be afraid of falling; this is a buying opportunity; millennials will support the stock market
US stocks plummeted on Monday, but Tom Lee, former chief stock strategist at J.P. Morgan Chase and co-founder of Fundstrat Global Advisors, believes investors should not stop looking for buying opportunities because of recent market turmoil. Lee said on Monday that despite several recent fluctuations, the long-term bull market outlook for the stock market is still intact. He said, “I think this will prove to be a very good buying opportunity,” and pointed out that US bond yields are “tamed” and that the VIX index, known as the “Wall Street Scare Index,” is relatively low. He added, “Where we are now
Medical device giant Baxter International negotiated the purchase price of Hill-Rom may reach 10 billion US dollars
Us medical device giant Baxter International is in advanced talks to buy Hill-Rom Holdings for about $10 billion, according to people familiar with the matter. The deal values Hill-Rom at about $150 a share, a premium of about 13 per cent to Friday's closing price of $132.90. Sources said that the two sides could reach an agreement as early as the middle of this week, but did not rule out the possibility that the negotiations could break down. A month earlier, it was reported that Hill-Rom had rejected a proposal by Baxter International worth 9.6 billion yuan.
“Stock Goddess” Space Fund sells Amazon stock on the eve of Bezos going to heaven
Cathy Wood's Ark Space Exploration and Innovation ETF (ARKX), known as the “female stock god,” sold 839 Amazon shares on Monday, estimated to be worth about $2.9 million, just the day before the space trip planned by the company's founder Jeff Bezos. Amazon shares fell 0.67% on Monday to close at $3549.59. Prior to Monday's deal, ARKX held 5962 Amazon shares worth $21.3 million. In addition, Wood's Ark Fintech Innovation ETF (ARKF) also holds 12,402 Amazon shares worth 44.32 million US dollars
The global oil market is signalling weakness. An important indicator of supply and demand is falling.
The premium of the July Brent crude futures contract over the August contract narrowed to the lowest Indian demand since late March, as strong exports to the US boosted the transatlantic crude supply market, an indicator of tighter supply, which fell on Tuesday. this is due to fears that the epidemic will lead to weaker demand in India and an increase in supply from the European market. The premium on the July Brent contract over the August contract is narrowing, according to data from ICE Europe Futures Exchange. The spread fell to 19 cents on Tuesday, the lowest since late March, indicating that traders are less bullish on the oil market. This
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