Hedge fund sells stake in Trump SPAC firm DWAC after merger news

At least one hedge fund has its stake in SPAC Digital World Acquisition Corp. sold after the company announced plans to merge with former President Donald Trump’s planned social media company. Lighthouse Investment Partners, one of at least nine hedge funds that hold shares in Digital World Acquisition, abandoned its holdings in this particular acquisition … Read more

Chipotle is removing this meat from its menu earlier than planned

The company announced on Thursday’s conference call that the brisket promotion will end in November, meaning it will only be on sale for part of the quarter. Typically, Chipotle’s limited-time offerings, like last year’s Carne Asada, sell for a full quarter. Speaking to financial analysts on the phone, CEO Brian Niccol said the strong brisket … Read more

If the virus cases increase, the Russians will also be urged to get vaccinated

NIZHNY NOVGOROD, Russia (AP) – While holding the body of her grandmother who had died of COVID-19 in the courtyard of the morgue, Ramilya Shigalturina had a message for anyone still resisting vaccinations. “I beg all Russians: get your vaccinations, because that is really terrible and dangerous,” said the resident of Nizhny Novgorod, the fifth … Read more

5 things you should know before the stock market opens on Friday October 22nd

Here are the key news, trends, and analysis investors need to start their trading day: 1. Stock futures mixed after the record close of the S&P 500 Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA on October 20, 2021. Brendan McDermid | Reuters US stock futures … Read more

Snap, Intel, Zoom Video, Boston Beer, and more

Check out the companies that make the headlines before the doorbell rings: Snap – The Snapchat parent’s shares plunged 19.5% in the premarket after the company warned of a slowdown in growth due to recent changes to Apple’s iOS privacy rules. These rules make it difficult to gather information from users and target ads. Snap … Read more

Exceeding Intel Earnings Estimates. Why the stock is falling.

Text size Intel shares fell after the company announced gains. David Paul Morris / Bloomberg Intel The stock fell in extended trading Thursday after the company missed sales expectations and announced that its chief financial officer would retire in May. The company also attributed a decline in the PC business to a wider component shortage. … Read more

Opinion: Snap points out the possibility that Apple caused the long-feared “Ad-Mageddon”

Snap Inc. raised the alarm on Thursday for the long-feared collapse in Internet advertising that could come in the normally busy fourth quarter. Long feared, because since Apple Inc. AAPL, + 0.15% Announcing upcoming iPhone privacy changes, many internet advertising companies are warning of the impact this is having on their bottom line. Apple updated … Read more

China Evergrande is making overdue interest payments on dollar bonds, state media say

The China Evergrande Group has made an overdue interest payment to international bondholders, the state-run Securities Times reported on Friday, an unexpected move that enables the real estate company to avert default. The Chinese real estate developer transferred $ 83.5 million to the trustee for the dollar bonds Thursday, and that financial institution will in … Read more

Deutsche Bank whistleblower receives $ 200 million bounty for tips for Libor misconduct

A whistleblower whose information helped US and UK regulators investigate Deutsche Bank’s manipulation of global interest rate benchmarks AG was awarded nearly $ 200 million in support of the investigation, according to people familiar with the matter. The payout is the highest ever by the Commodity Futures Trading Commission, which worked with the Department of … Read more

Biden reveals Sinema’s claims for taxes – CNN

Biden reveals Sinema’s tax claimsCNN S&P 500 closes record high as investors view strong profits and tax dispute in CongressMarket observation Dow’s earnings hit a record. Why the stock is going nowhere.Barrons See China and India gain ground in the space raceCNN S&P 500, Dow Jones & Nasdaq 100 forecast for the coming daysDaily FX … Read more