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Asset bubbles? Champagne outfizzes Massive Tech and bitcoin in 2021

LIVE MARKETS Wall Street nurses Fed hangover, tech drags the party down

LONDON, Dec 24 (Reuters) – You might be tempted to pop corks if you’ve invested in vintage champagne this year – the most coveted bottles have outperformed all major financial market assets, from Big Tech to bitcoin. Online platforms that allow you to trade desirable wine, champagne and spirit vintages, much like stocks or currencies, … Read more

Offers of the day Mergers and acquisitions

LIVE MARKETS Wall Street nurses Fed hangover, tech drags the party down

Dec 23 (Reuters) – The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Thursday: ** Sales engagement software maker Salesloft Inc said it raised funds from private-equity firm Vista Equity Partners at a $2.3 billion valuation, giving it a majority stake, as the company taps into the recent boom in the … Read more

Massive Tech critics ask Raimondo for assembly after critique of European proposals

Big Tech critics ask Raimondo for meeting after critique of European proposals

U.S. Commerce Secretary Gina Raimondo listens to a question during an interview with Reuters at the Department of Commerce in Washington U.S., September 23, 2021. REUTERS/Kevin Lamarque Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Dec 22 (Reuters) – Critics of tech giants like Alphabet’s (GOOGL.O) Google pressed Commerce Secretary Gina Raimondo for … Read more

Mexico says U.S. approves Deer Park refinery deal, sees completion early 2022

Mexico says U.S. approves Deer Park refinery deal, sees completion early 2022

The logo of Mexican state oil company Petroleos Mexicanos (Pemex) is pictured at a gas station in Ciudad Juarez, Mexico February 27, 2020. REUTERS/Jose Luis Gonzalez Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, Dec 22 (Reuters) – The U.S. government has authorized the purchase by Petroleos Mexicanos (Pemex) of Royal Dutch … Read more

Offers of the day Mergers and acquisitions

LIVE MARKETS Wall Street nurses Fed hangover, tech drags the party down

Dec 22 (Reuters) – The following bids, mergers, acquisitions and disposals were reported by 1130 GMT on Wednesday: ** Eurochem will buy 51.5% of Brazilian fertilizer producer Heringer (FHER3.SA) for 554.56 million reais ($96.5 million), Heringer said. read more ** Thailand’s largest department store owner, Central Group, is just days away from closing a 4 … Read more

LIVE MARKETS Tech helps STOXX keep afloat

LIVE MARKETS Wall Street nurses Fed hangover, tech drags the party down

Dec 22 – Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com TECH HELPS STOXX STAY AFLOAT (0828 GMT) European shares kicked off the session in a mixed fashion, with the STOXX 600 regional benchmark struggling to find a clear … Read more

Amazon amongst key tech corporations to drop CES plans on COVID-19 concern

Amazon among key tech firms to drop CES plans on COVID-19 concern

Dec 21 (Reuters) – Amazon Inc , Facebook parent Meta Platforms Inc (FB.O), Twitter Inc (TWTR.N) and Pinterest Inc (PINS.N) will not send teams to the Consumer Electronics Show (CES) in Las Vegas as concerns grow about Omicron, the firms said on Tuesday. CES, which serves as an annual showcase of new trends and gadgets … Read more

Offers of the day Mergers and acquisitions

LIVE MARKETS Wall Street nurses Fed hangover, tech drags the party down

Dec 21 (Reuters) – The following bids, mergers, acquisitions and disposals were reported by 1440 GMT on Tuesday: ** Norway’s Aker BP (AKRBP.OL) and Sweden’s Lundin Energy (LUNE.ST) have agreed to combine their oil and gas businesses, forming the second-largest petroleum firm on the Norwegian continental shelf, the two companies said. read more ** Canadian … Read more

Tech startup funding to Blacks, Latinos ticks up in Miami after investor inflow

Tech startup funding to Blacks, Latinos ticks up in Miami after investor influx

OAKLAND, Dec 21 (Reuters) – Black and Hispanic tech startup funding ticked up in Florida and Georgia this year, following an influx of investors fleeing California and efforts by some venture capitalists to focus on minority founders in the wake of George Floyd’s killing. The technology industry has long been criticized for overlooking Black and … Read more

Blackstone associates to purchase Bluerock REIT in $3.6 bln deal

LIVE MARKETS Wall Street nurses Fed hangover, tech drags the party down

Dec 20 (Reuters) – Bluerock Residential Growth REIT said on Monday affiliates of Blackstone Real Estate have offered a cash buyout deal valued at $3.6 billion, sending its shares soaring 77%. Real estate companies have gained from record-low interest rates since the peak of the COVID-19 pandemic last year. The uptick in demand for homes … Read more