Business

Mercedes-Benz crashes record for most expensive car sold at $ 142M

These wheels of fortune are turning in Mercedes-Benz’s favor. The German automotive brand confirmed that it has sold a luxury car for a mind-boggling $ 142 million (135 million EUR), shattering the previous record for the most expensive vehicle ever sold. “We [wanted], with one single act, to demonstrate the power of the Mercedes brand, …

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Nasdaq records first seven week losing streak since 2002

Tech companies have not seen a selloff like since 2001 and the bursting of the dot-com bubble. The Nasdaq declined 3.8% this week, falling for a seventh straight week. It’s the longest losing streak for the tech-heavy index in 21 years. Inflation, rising interest rates, the war in Ukraine and pandemic lockdowns in China are …

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Elon Musk likely Twitter’s only option as buyout financing dries up

Twitter’s agreement to sell itself for $ 44 billion to Elon Musk looks shaky – but the deal may be the struggling social network’s only option for a sale as buyout financing dries up amid soaring interest rates and crashing stock prices for tech companies, sources told The Post. Private equity giant Thoma Bravo – …

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Jim Cramer says he likes these three smaller plays in battered retail sector

CNBC’s Jim Cramer said Friday that while the retail sector has had a rough week, there are still several winners that stand out against the deluge of stocks that tanked. “The big four aren’t the only retailers that reported this week, and surprisingly, some of the smaller players actually did pretty well,” the “Mad Money” …

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Cramer’s week ahead; Market needs obstacles resolved before a rally

CNBC’s Jim Cramer warned investors on Friday that a market rally has no chance of sustaining until the causes of the turmoil are resolved. “If we want the market to stage a meaningful comeback, we need China to reopen, Russia to withdraw from Ukraine, and the [Federal Reserve] to curb-stomp inflation with a 100-base point …

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EA Was Deep In Merger Talks With NBCUniversal

Photo: Christian Petersen (Getty Images) The video game market is consolidating like never before, and Electronic Arts is scrambling like everyone else. The Battlefield spirit FIFA maker recently pursued a merger with NBCUniversal, and also held potential acquisition talks with Disney, Apple, and other companies, according to a new report by Puck. While a deal …

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Hyundai to invest $ 5.5 billion to build EVs and batteries in Georgia

The logo of Hyundai is shown at the #WeAreMobility fair at the 97th edition of the Brussels Motor Show on 18 January 2019, in Brussels. Dirk Waem | AFP via Getty Images Hyundai Motor on Friday confirmed plans to spend $ 5.54 billion to build its first dedicated electric vehicle and battery manufacturing facilities in …

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CDC urges older Americans to get booster shots as hospitalizations soar

Shana Alesi administers a second COVID-19 booster shot to Army veteran Robert Hall at Edward Hines Jr. VA Hospital on April 01, 2022 in Hines, Illinois. Scott Olson | Getty Images The Centers for Disease Control and Prevention this week urged older Americans to get a Covid booster shot to increase their protection against the …

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