Crunchmarkets’s info on the world of finance
Title: Monte dei Paschi Proposes Stock-for-Stock Acquisition of Mediobanca The globally recognized, ancient banking institution, Monte dei Paschi di Siena of Italy, has initiated a sweeping all-share acquisition bid. The target is its larger domestic competitor, Mediobanca. The offer, launched on Friday, is worth an impressive €13.3 billion ($13.95 billion). […]
Frank McCourt, a renowned American entrepreneur, has shown interest in partnering with potential buyers to acquire the US operations of TikTok, the popular Chinese-owned short-video app. Speaking at the Davos event, McCourt emphasized his desire to maintain ownership control of the asset. Although he remained tight-lipped about his funding sources, […]
China has highlighted its readiness to negotiate, amidst looming threats of escalating tariffs on its exports to the US. American President, Donald Trump, suggested a 10% hike on duties imposed on Chinese goods could be implemented as early as February 1. Additionally, the White House is planning to launch an […]
CNN, a subsidiary of Warner Bros Discovery, is reportedly planning to let go of hundreds of workers this week, as it redirects its operations towards a worldwide digital audience. This news was reported by CNBC, leveraging insights from individuals close to the developments. This workforce reduction comes as CNN restructures […]
David Einhorn, the President of Greenlight Capital, recently spoke at the 14th CNBC Delivery Alpha Investor Summit in New York City. He expressed his concern about the level of speculative activity in the current bull market, which he believes has surpassed rationality. Einhorn mentioned in a letter to investors that […]
TikTok, the much-loved short-video app, continued to be absent from Apple and Google’s app stores in the U.S on Tuesday, even after President Donald Trump extended the deadline for a proposed ban by 75 days. This move came just a day after he signed an executive order to delay the […]
Title: Cryptocurrencies Take a Dive Following Trump’s Inauguration: What’s Next? A cartoon representation of the newly inaugurated US President, Donald Trump, alongside various digital tokens, was on display at a Coinhero shop in Hong Kong, China, on Jan. 20, 2025. This artwork, marking his inauguration, shows the President in front […]
Title: Travis Hill Appointed as Acting Head of Federal Deposit Insurance Corporation by President Trump Authored by: Pete Schroeder On Monday, President Donald Trump, freshly inaugurated, declared Travis Hill, the vice chair of the Federal Deposit Insurance Corporation (FDIC), as the interim chief of the agency, as per the announcement […]
In 2014, Cho Tak Wong, the head of automotive glass titan Fuyao Glass, purchased the vacant General Motors production facility in Moraine, Ohio. However, since Donald Trump’s first term, there has been a marked decrease in Chinese investments in the US, a trend that analysts predict will not change as […]
The popular social media platform, TikTok, announced its revival in the United States, following a declaration by President-elect Donald Trump. The President-elect stated that he planned to restore the app’s access in the country upon his return to power. The Chinese-owned platform, in a message to its users, expressed, “TikTok […]
