Tag: Stock

Amazon Offers $9 Billion to Buy Out MGM, AMZN Stock Price Increases on Morgan Stanley Forecast

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Amazon has offered $9 billion to MGM for a purchase deal, beating other rumored competitors. Currently, talks are still on. Amazon shares climbed in response to a bullish forecast from Morgan Stanley. Amazon.com Inc (NASDAQ: AMZN) is currently looking to buy an American film and television production company Metro-Goldwyn-Mayer Studios Inc (MGM). According to media reports, the two companies are already in talks for a deal set somewhere between $7 billion and $10 billion. Amazon has put in an official $9 billion offer, but the deal is far from done.…

COIN Stock Dips Below $250 After Coinbase Announces Plans to Sell $1.25B of Convertible Debt

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On a long-term basis, Coinbase stock remains bullish supported by an upward call for the cryptocurrency industry by several Wall Street analysts. Coinbase Global Inc (NASDAQ: COIN) stock closed Monday trading at $248.24, down 3.92% from the day’s opening price. Additionally, COIN stock dropped approximately 1.16% further during Tuesday’s pre-market to trade around $245.37. The COIN stocks’ sustained losses in the past few two days have been attributed to an announcement that the company is planning to sell $1.25 billion worth of convertible debt. Essentially, COIN shareholders had anticipated a…

T And DISCA Stock Down, AT&T Agrees to Merge Its WarnerMedia Unit with Discovery in $43B Deal

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AT&T and Discovery have taken a decision to merge their content business units to create a publicly-traded company. Over the weekend, news came that AT&T Inc (NYSE: T) plans to merge its WarnerMedia business unit with Discovery Inc Series A (NASDAQ: DISCA) at the beginning of the week. The deal has been officially announced with AT&T expected to be compensated $43 billion in cash, debt, and WarnerMedia’s retention of certain debt according to CNBC. Should the respective regulator authorize the deal, AT&T shareholders are expected to control approximately 71% of…

Bank of America Partners with Paxos Trust for Instant Stock Trade Settlements

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BofA said that adopting innovative practices in the current market structure is crucial to offer better services to their customers. The banking giant will offer real-time trade settlements to its clients using Paxos’s Ethereum-based trade settlement solutions. Traditional financial players are jumping to blockchain solutions in order to provide better services to their customers. On Monday, May 17, Bank of America (BofA) announced its partnership with Paxos Trust Co for instant stock-trade settlements. The banking giant will use Paxos’s settlement services which will reduce the stock trade settlement period to…

DISCA Stock Up 17% in Pre-market, AT&T in Talks to Merge WarnerMedia with Discovery

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AT&T and Discovery are in talks to merge their business operations into one publicly traded entity.  Discovery Inc (NASDAQ: DISCA) stock jumped nearly 17% in Monday pre-market to trade around $41.69. AT&T Inc (NYSE: T) stock was up over 3.60% and trading around $33.40 during Monday’s premarket session. The spike in both stocks was attributed to news that AT&T is in advanced talks to merge its WarnerMedia with Discovery. Bloomberg first reported that AT&T and Discovery are in talks to merge their business operations into one publicly traded entity. WarnerMedia…

COIN Stock Jumped 6% in Pre-market, Coinbase 2021 Q1 Earnings and Revenue Results More than Tripled in Regards to 2020 Q4

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Notably, during the first quarter, Coinbase recorded a net profit of over $771 million, more than fourfold of what the company reported during the fourth quarter. Coinbase Global Inc (NASDAQ: COIN) stock was up over 6% in today’s pre-market to trade around $282.30. However, COIN stock closed yesterday trading at $265.10, down 6.53%. The spike in Coinbase stock on Friday’s pre-market was largely attributed to the Q1 earnings and revenue results that significantly skyrocketed in regards to 2020 Q4 results. Coinbase Q1 Earnings Notably, Coinbase reported earnings per share of…

Spanish stock exchange ready to test blockchain-based SME financing system

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Spanish stock exchange Bolsas y Mercados Españoles, or BME is set to test its blockchain infrastructure for small- and medium-sized enterprise financing following a successful pilot run back in 2020. According to Finextra on Friday, this next set of trials by the BME will involve businesses that are part of the country’s SME financing ecosystem under the aegis of a regulatory sandbox created by Spain’s Ministry of Economic Affairs and Digital Transformation. As previously reported by Cointelegraph, this sandbox is seen as an important step in promoting greater fintech development in…

MSTR Stock Down 10%, MicroStrategy Buys 271 More Bitcoin at $55,387 Bringing Its Total Coins to 91,850 BTC

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MicroStrategy filed a Form 8-k with the United States Securities and Exchange Commission regarding the 271 Bitcoin purchase on May 13, 2021. Michael Saylor, the Chairman & CEO of MicroStrategy Inc (NASDAQ: MSTR), yesterday announced the company purchased 271 Bitcoin (BTC) units at an average price of $55,387. As a result, the company has amassed 91,850 units of Bitcoins, approximately 0.437% of the circulating supply. Meanwhile, the company boasts of over $2.241 billion in Bitcoin and anticipates holding it on a long-term basis. Previously, Saylor said that he expects Bitcoin…

Blockchain ETF hits new all-time high – What's ahead for the crypto trade

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Christian Magoon, founder and CEO of Amplify ETFs; Som Seif, founder and CEO of Purpose Investments; and Andrew McOrmond, managing director at WallachBeth Capital talk about the prospects for blockchain with CNBC’s Bob Pisani. FSubscribe to CNBC PRO for access to investor and analyst insights on bitcoin and more: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates…