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The Gazette in Medina, Ohio

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

The Gazette

Location

Medina, Ohio, United States of America

Date

Apr 22, 2022

Page

6

Musk Lines Up 46.5 Billion for Twitter Bid in Financing Push

Elon Musk disclosed 46.5 billion in financing from Morgan Stanley and banks including Barclays Bank of America Societe Generale Mizuho BNP Paribas and MUFG to back a potential tender offer for Twitter at 54.20 per share. He owns about 9 percent of Twitter and could push a takeover with shareholder pledges while Twitter considers its poison pill defense.

Elon Musk Twitter Musk Tesla U.S Morgan Stanley Barclays Bank of America Societe Generale Mizuho Bank BNP Paribas MUFG Vanguard Group Forbes FactSet Spacex Donna Hirscherich Columbia University

Bitcoin miners move from coal to wind power in Texas

Marathon Digital Holdings relocated thousands of bitcoin miners from a Montana coal plant to a Texas wind farm amid pressure to curb energy use. The firm plans to expand to about 199,000 online by next year as debates over crypto’s electricity demand intensify.

Helena Mont Montana Marathon Digital Holdings Texas Fred Thiel Marathon Digital Cambridge Virginia U.S. Energy Information Center Ohio New York State Tesla Motors Elon Musk

Stocks slide as Fed signals tougher inflation fight

Wall Street erased early gains with the S&P 500 down 1.5 percent the Dow off 1 percent and the Nasdaq falling 2.1 percent after Fed Chair Powell urged faster rate hikes. American Airlines aims to profit in Q2 as travel rebounds while Tesla reports strong sales and boosted profits. CNN streaming service to shutdown end of April as Discovery reshapes streaming strategy.

Wall Street Federal Reserve American Airlines Tesla International Monetary Fund Fed Jerome Powell S&p New York CNN Chris Wallace Alison Roman Warner Bros. Discovery Andrew Morse Chris Licht Discovery HBO Max New York Times

Powell reinforces push for faster Fed rate hikes

Fed Chair Jerome Powell said the central bank must move quicker to curb inflation, signaling aggressive policy moves likely at the May 3-4 meeting. He floated front-loading and a possible half-point increase, noting higher borrowing costs for homes cars and other big purchases.

Powell Fed Washington Federal Reserve Jerome Powell International Monetary Fund

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