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Investors are watching for which company could be next after Chipotle announced Tuesday it will split its stock 50-shares-for-1 in June. For example, after a 2-for-1 stock, a holder of one share of a $20 stock now holds two shares of a $10 stock. Using the CNBC Pro Stock Screener tool , CNBC screened for companies with lofty share prices that could be next to split their stock. "One of the things that I really like about stock splits is that it makes ... the stock purchase for our employees and others [easier]," Huang said. Other high-priced stocks on the list with a history of past stock splits include Eli Lilly and Lam Research .
Persons: Chipotle, Jensen Huang, Jim Cramer, Huang, Eli Lilly Organizations: CNBC, Stock, Nvidia, GTC Conference, Netflix, JPMorgan, Lam Research
Grayscale CEO Michael Sonnenshein said that the crypto fund manager expects to bring fees on its Grayscale Bitcoin Trust ETF down in the coming months, as the nascent crypto ETF market matures. The FTX bankruptcy estate reportedly offloaded the majority of its shares in Grayscale's bitcoin ETF, according to January reporting from Bloomberg and CoinDesk. Grayscale also wants to introduce other ways of giving investors less costly ways of accessing its bitcoin ETF, including a "mini" version of its flagship product — the Grayscale Bitcoin Mini Trust, announced last week. The new BTC ETF would be effectively spun out of the Grayscale Bitcoin Trust ETF and seeded with an as-yet undisclosed portion of bitcoin underlying GBTC shares. The firm is currently awaiting approval from the U.S. Securities and Exchange Commission for its Bitcoin Mini Trust ETF.
Persons: Michael Sonnenshein, Sonnenshein, GBTC, FTX Organizations: NYSE, LONDON, CNBC, Bloomberg, BlackRock, Fidelity, Vanguard, Trust, BTC, U.S . Securities, Exchange Commission, SEC Locations: Grayscale's bitcoin, solana
Shares of MicroStrategy tumbled on Tuesday alongside the price of bitcoin , as the company bought even more of the cryptocurrency. The move came as MicroStrategy bought an additional 9,245 bitcoins for about $623 million, according to a filing with the Securities and Exchange Commission. The company used $592.3 million in net proceeds from a recent private offering of convertible senior notes and excess cash to make its purchase. MicroStrategy made a similar move last week, purchasing 12,000 bitcoins for close to $822 million following a debt sale as bitcoin was climbing to all-time highs. The company now holds a total of 214,246 bitcoins, it announced Tuesday.
Persons: MicroStrategy Organizations: Securities and Exchange Commission
CNN —Her face might have been bloodied and battered, but ski jumper Slje Opseth couldn’t stop smiling as reality dawned on her that she’d just set a new women’s world record. World record,” Norwegian Opseth wrote on Instagram later on Sunday, before thanking everyone involved in her record attempt. Opseth set a new women's world record with her final jump in the competition. The seven-time World Cup winner managed to recover, though, and broke the world record with her final attempt. On Sunday, the 24-year-old Opseth finished the first ever Women’s Ski Flying World Cup in second, behind Norwegian teammate Eirin Maria Kvandal.
Persons: Opseth, Instagram, , Geir Olsen, NTB, , ” Opseth, Eirin Maria Kvandal, Klinec Organizations: CNN, Reuters Locations: Vikersund, Norway, Slovenia, plasters, Eirin Maria Kvandal .
Opinion: Trump gives Biden one big lift
  + stars: | 2024-03-17 | by ( Richard Galant | ) edition.cnn.com   time to read: +18 min
Former President Donald Trump’s favorability ratings are only slightly better. The bipartisan legislation to control the flow of migrants across the southern border was blown up by opposition from Trump. One thing that is going right for Biden is Trump himself. “I want to vote for Donald Trump in November, wrote Marc A. Thiessen in the Washington Post. … Just like office holders have released their tax returns (up until former President Donald Trump), I would like to see more candidates release their physical and mental health assessments,” Schurman observed.
Persons: Oscar, ” Ramy Youssef, hungers, Max McCandles, Godwin Baxter, , Frankenstein, Willem Dafoe, McCandles, Baxter, who’s, , Joe Biden’s, Donald Trump’s, Biden, Clay Jones, Trump, Ruth Ben, Ghiat, “ Vladimir Putin, Recep Tayyip Erdogan, Viktor Orban, Adolf Hitler, Xi Jinping, Kim Jong, Saddam Hussein, , — Donald Trump, , ” Ben, Donald Trump, Marc A, Thiessen, Will, that’s, Dana M, Peterson, Erik Lundh, Will RFK, Mary ’, Aaron Rodgers, Julian Zelizer, Kamala Harris, Andrey Spektor, Hunter Biden, Andrea Hailey, We’re, Frederick D, Dennis Aftergut, Bill Bramhall, Hilary Krieger, Gary Schmidt, ” Bradley Schurman, , Schurman, Robert Hur, Jack Ohman, Patrick T, Brown, Hur, Republicans “, Biden’s, Franklin D, Roosevelt, Willis, Fani Willis, Willis ’, Nathan Wade, Wade, Norman Eisen, Danya Perry, Joshua Kolb, Scott McAfee, Wade’s, ” “, ’ Biden, ” Jose Antonio Vargas, “ It’s, ” Dana Summers, Garry Pierre, Pierre, Ariel Henry, Henry, America sneezes, Frida Ghitis, TikTok, ” Ghitis, Catherine, Princess, Kate, George, Princess Charlotte, Prince Louis, ” Rosa Prince, Louis ’, William, , ” Prince, Ekaterina Kotrikadze, Jonathan I, Fareed Zakaria, Carrie Sheffield, Noah Berlatsky, Kristen Stewart’s, queerness, Doug Heye, MAGA Trump, Dean Obeidallah, Katie Britt’s, Amy Hanauer, Naomi Walker, Robert Downey Jr, Da'Vine Joy Randolph, Emma Stone, Cillian Murphy, Arturo Holmes, Jeff Yang, Jack Palance, Warren Beatty, Faye Dunaway, they’d, ” Yang, Cord Jefferson, Lily Gladstone, “ Gladstone, she’s, Leonardo, DiCaprio, Robert DeNiro, Emma Stone’s, Bella, ” Stone Organizations: CNN, Trump, Hamas, GOP, Washington Post, Mar, Hungarian, , Conference Board, Will RFK Jr, White House, American Enterprise Institute, Biden, Union, Republicans, Twitter, Pew Research Center, Content Agency Haiti, Haitian Times, Haitian, America, Kensington Palace, AP, Reuters, Agency, North, Hollywood Locations: Gaza, Israel, Ohio, Washington, Ukraine, Afghanistan, America, Georgia, Fulton County, Fulton, he’s, Florida, Texas, Haiti, Puerto Rico, Maryland, China, Wales, Kensington, North America, La, American
Prepare to be hounded with appointment reminders by phone. But now, medical practices are flooding patients with reminders of upcoming appointments — and warnings of cancellation penalties. The financial pressure for medical practices to keep patients from ghosting them is a major factor. But the notifications are getting worse because new software systems enabled medical providers to send automated messages to patients. The more reminders providers send, Kharraz said, the more patients tune them out.
Persons: , Oliver Kharraz, ” ZocDoc, Kharraz, , Ron Holder, “ We’ve, Emily Kagan Trenchard, Northwell, ZocDoc Organizations: New, New York CNN, Medical Group Management Locations: New York
Arun Prakash from Goldman's derivatives research team proposed an options trade focused on the Cboe Volatility Index , or "Vix," to hedge against a market selloff. .VIX 5Y mountain The Cboe Volatility Index has been trading at an unusually low level in 2024 so far. Generally speaking, a call option gives the holder the right to buy the underlying asset at the strike price, and serves as a bet that the asset will rise above the strike price. "Over the past 30+ years, VIX has averaged 19 in April, and we see upside risks to the current low VIX levels given current macro environment and upcoming macro/micro catalysts. If the Vix does not rise above the strike price before the options contract expires, the trader loses the premium paid for the contract.
Persons: Goldman Sachs, Arun Prakash, Prakash, hasn't, That's, Goldman, VIX, — CNBC's Michael Bloom Organizations: Reserve
The electric 1,093-horsepower Taycan Turbo GT, coming to market this summer, has already set two race track speed record for an electric car. High horsepower numbers and eye-popping acceleration are more common among electric cars than gasoline-powered ones, especially since EVs can have multiple motors. This Turbo GT, a new version of the electric Porsche Taycan, features two motors. One, the standard Porsche Taycan Turbo GT, will be fast but reasonably comfortable for street driving. The Porsche Taycan Turbo GT with Weissach Package, though, will dispense with backseats and other comfort items to save weight.
Persons: Nordschleife Organizations: CNN, Porsche, Tesla, Toyota, Turbo, Taycan, Volkswagen Group Locations: Turkish
Bagnaia rides during the second free practice session ahead of the 2023 French Grand Prix. The 2024 season will also see the debut of a US based-team, Nashville’s Trackhouse Racing, which is co-owned by musician Pitbull. Toshifumi Kitamura/AFP/Getty ImagesThe American sees the Sprints as a gateway to the main race for new fans. He says the newly refurbished Qatar facility, which also hosts F1, is a boon for the participants, too. “The race at night is something that was [the Qataris’] idea 20 odd years ago, and they did it.
Persons: Daniel Rossomondo, , CNN’s Becky Anderson, , Rossomondo, Mirco Lazzari, Francesco ‘ Pecco, Bagnaia, Marc Márquez, Álex, Jorge Martín, Pedro Acosta, Márquez, Jean, Francois Monier, Nashville’s, Pitbull, ” Rossomondo, Dorna, ” Marc Márquez, Toshifumi Kitamura, it’s Organizations: CNN, NBA, Qatar –, MotoGP, Ducati, Honda, Warner Bros Discovery, TNT Sports, ” MotoGP, Getty, “ Riders, Warner Bros . Locations: Qatar, Americas, Murcia, AFP, United States, American, Europe
And the former UFC heavyweight title holder will once again step into the ring to take on another British former world heavyweight champion, this time in the shape of Anthony Joshua. With a possible future title fight on the line – reports have suggested the winner could face the victor of the highly-anticipated Fury-Oleksandr Usyk unification fight – there’s a lot riding on Joshua and Ngannou’s clash. He won the UFC heavyweight title in 2021, taking off of Stipe Miocic and later defended it against Frenchman Ciryl Gane. “I was watching the Fury and Ngannou fight from home, and from what I saw, I thought he won,” Joshua told Sky Sports. “If AJ beats Ngannou and Fury beats Usyk, the whole world will be calling for Fury vs. Joshua.
Persons: Francis Ngannou, Tyson Fury, Anthony Joshua, Oleksandr Usyk, , Joshua, Ngannou’s, Ngannou, , Stipe Miocic, Frenchman Ciryl Gane, Fury, ” Joshua, Ciryl Gane, Gary A, Vasquez, Reuters “, it’s, , ” Ngannou, Andy Ruiz Jr, Joshuya, It’s, that’s, I’m, Jermaine Franklin, James Chance, – Joshua, Fury –, Eddie Hearn isn’t, ” Hearn, Usyk, “ It’s Organizations: CNN, UFC, Fury, Sky Sports, Guardian, Professional Fighters League, PFL, Reuters, Ngannou, BBC Locations: Riyadh, Saudi Arabia, Cameroon, Africa, Europe, Spain, Paris, French
CNN —That a crowd of thousands gathered for the funeral of Kelvin Kiptum was testament to the marathon world record holder’s staggering impact on his sport. “You ask yourself so many questions as to why, but sometimes it’s hard to get answers,” double Olympic gold medalist David Rudisha tells CNN about his compatriot’s untimely death. “The last few weeks have been a really sad moment for Kenyans,” says Rudisha, himself a world record holder over 800 meters. “Kelvin was very special, coming up and running just three marathons, all of them under two hours, two minutes. “Everybody feels good to watch a world record,” he says.
Persons: Kelvin Kiptum, , , David Rudisha, Kiptum, Gervais Hakizimana, Mustafa Yalcin, Rudisha, it’s, Kelvin, ” Rudisha, Quinn Rooney, Emmanuel Wanyonyi Organizations: CNN, Paris, Getty Locations: Kenya, Eldoret, Chicago, London, Anadolu, Rio
The 2024 Nomad Passport Index states: "Citizens of different countries deal with very different requirements to pay tax, live freely, comply with regulations, and avoid scrutiny when traveling. In that regard, the number of countries a passport holder may visit does not tell the whole story." A slight corporate tax adjustment in Ireland was more than offset by its top scores for travel and global perception, according to Nomad Capitalist's research team. The drop was caused by a change in UAE tax policy that affected domestic and overseas company owners, including residents with foreign company ownership, it said. Many people are curious to know how their passports compare to their global peers, but that's not why Nomad Capitalist produces the annual ranking, it said.
Persons: Hong Kong, Andrew Henderson Organizations: Nomad, Ireland, United, United Arab Emirates, The UAE, Macao Locations: Ireland, Portugal, Finland, United Arab, Netherlands, Germany, New Zealand, Bulgaria, Hong, China
A onetime commodities backwater, congestion trading has become a growing business in recent years as the demand for electricity and volatility on the power grid in the US has soared. The financial category, which includes specialized power-trading companies, banks, hedge funds, and large proprietary trading firms, dominates the market, in part because the physical power firms typically operate in only one or two regions. He launched three congestion trading teams for the firm, including in California and Texas after those states introduced congestion trading in 2008 and 2010, respectively. Citadel, along with Susquehanna International Group and Tower Research, has been involved in FTR trading since the market's infancy. Volatility has been increasing on the power grid, in part because of changing weather patterns, Jeev added.
Persons: Kumar Jeev, Jane Street, Richard Roseblade, who's, There's, Roseblade, Bill Clark, Jeev, DC Energy's Tyler Kuhn, DRW, California Al Seib, Brevan Howard, Jane, Stephanie Staska, Staska, couldn't, Joe Biden's, It's, Meredith Angwin, Angwin Organizations: Business, Capital, Midwest, Citadel, Tower Research, Yes Energy, Energy, Anadolu, Getty, Federal Energy Regulatory Commission, FERC, Nasdaq, York Stock Exchange, Nvidia, Johns Hopkins University, DC Energy, Wayfair, Squarepoint, Appian, Boston Energy, Susquehanna International Group, DC, Bloomberg, Commodities, Traders, Wall Street, Workers, GreenHat Energy, JPMorgan, Hill Energy Resource & Services, P, Grid, & $ Locations: Wall, East Coast, DRW, Susquehanna, FTRs, New York, Canada, Texas, Virginia, California, Berlin, Chicago, Oregon, California Al, Ukraine, Russian, Uri, Northern Virginia
Read previewThe Supreme Court ruled unanimously on Monday that Donald Trump is eligible to run for president again, quashing legal challenges that loomed over the GOP frontrunner's candidacy for office. Instead, the court effectively foreclosed almost any challenge to a federal office holder under Section 3 of the 14th Amendment, the insurrection clause. "Today, the majority goes beyond the necessities of this case to limit how Section 3 can bar an oathbreaking insurrectionist from becoming President," the justices wrote. The Supreme Court had never before issued a ruling on the post-Civil War era provision known as the "insurrectionist clause." The Supreme Court is set to hear separate arguments in April over whether Trump can be criminally prosecuted for election interference charges, including those stemming from his role during the January 6 attack on the Capitol.
Persons: , Donald Trump, SCOTUS, Trump, Steve Vladeck, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, John Robert's, Roe, Wade, Amy Coney Barrett, Barrett, overturns Organizations: Service, GOP, Trump, Business, Lawmakers, Congress, University of Texas, Austin, Colorado, Colorado's, Capitol, Department of Justice Locations: Colorado , Illinois, Maine, California , New York, Wisconsin, Colorado
Dwayne Johnson set two Guinness World Records. Dwayne Johnson created the largest layered dip in 2017. Christopher Polk/Getty ImagesIn January 2017, Dwayne Johnson and his team set the record for the largest layered dip. The dip, which weighed 540 pounds, was later donated to an organization for people who are experiencing homelessness. Johnson also set the record for most selfies taken in three minutes in 2015, with an impressive 105.
Persons: Dwayne Johnson, Christopher Polk, Bush's Beans, Johnson, James Smith, Akshay Kumar Organizations: World Records
CNN —Manchester United legend Dwight Yorke has welcomed British billionaire Jim Ratcliffe’s investment into the club, saying that the new co-owner can restore the European powerhouse to its glory years. Yorke concedes, however, that for the time being the Red Devils will not be able to compete for the English Premier League title. Yorke would go on to win a further two Premier Leagues with the Red Devils before leaving the club in the summer of 2002. “We really should be in the [Premier League] top four relatively comfortably, and it hasn’t been that easy a ride for us. “I think Alan Shearer is still the current [record] holder in the Premier League and was a real goal machine.
Persons: Dwight Yorke, Jim Ratcliffe’s, Yorke, Darren Lewis, Ratcliffe, , ” Yorke, Sir, Jim, Alex Ferguson’s, Jim Ratcliffe, Peter Byrne, Erik ten Hag, , It’s, he’s, ” United, Erling Haaland, He’s, Clive Rose, Alan Shearer, Harry Kane –, Wayne Rooney, Andy Cole, City’s, Kevin De Bruyne Organizations: CNN, Manchester United, Red Devils, English Premier League, CNN Senior, United, FA, League –, Leagues, Premier League, Manchester City, Etihad, Tottenham, Citizens, , Fulham, Nottingham Forest, City, Liverpool, Luton Town, Bournemouth, Getty, League, Blackburn Rovers, Newcastle United, Bayern Munich – Locations: Old Trafford, , atoning, England, Germany
Surprisingly Weak Ukrainian Defenses Help Russian AdvanceUkrainian trenches Ukrainian trenches Rudimentary Ukrainian trench lines outside Avdiivka, in an area claimed by Russia. But there’s another reason the Kremlin’s troops are advancing in the area: poor Ukrainian defenses. These trench lines lack many of the additional fortifications that could help slow Russian tanks and help defend major roads and important terrain. 2 miles Pavlivs’ke Novofedorivka Robotyne Russian fortifications Russian-claimed control Verbove Russian defenses shown below Held by Russia Novoprokopivka Romanivs’ke 2 miles Pavlivs’ke Novofedorivka Russian-claimed control Russian fortifications Verbove Russian defenses shown below Held by Russia Romanivs’ke Russian-claimed control Pavlivs’ke Novofedorivka Russian fortifications Verbove Russian defenses shown below Held by Russia Romanivs’ke 2 miles Sources: Satellite image from Planet Labs; Russian-controlled territory (as of Feb. 29, 2024) from the Institute for the Study of War with American Enterprise Institute’s Critical Threats Project; Russian fortifications based on data from Brady Africk. Satellite imagery from February shows the multilayered Russian defenses to the west of Verbove, with thousands of shell craters visible in the surrounding fields.
Persons: Avdiivka, Soloviove, Berdychi Stepove, Krasnohorivka, Russia Berdychi, Kyiv’s, Russia Novoprokopivka, Pavlivs’ke, Brady Africk, Verbove, , , Serhiy Hrabskyi, They’d, Denys Shmyhal, Volodymyr Zelensky, Zelensky’s, Paroinen, Mr, Hrabskyi, ” Mr, Oleksandra Mykolyshyn Organizations: Planet Labs, The New York Times Russian, Ukrainian Army, Russia Berdychi Stepove, Institute for, American, The New York Times, Black Bird Group, Russian Army Locations: Avdiivka, Russia, Ukrainian, Ukraine, Russia Russian, Verbove, Russian, U.S, Moscow, Donetsk, Ivano, Frankivsk, shoring
Missouri's governor cut the remaining prison time for Britt Reid, son of the Kansas City Chiefs coach. Reid pleaded guilty to drunk driving in 2022 after he seriously injured a 5-year-old girl. Mike Parson on Friday shortened the prison sentence of former Kansas City Chiefs assistant coach Britt Reid for a drunken driving crash that seriously injured a 5-year-old girl. Reid had been sentenced in November 2022 after pleading guilty to driving while intoxicated causing serious bodily injury. He is the son of Chiefs coach Andy Reid.
Persons: Britt Reid, Reid, , Mike Parson, Andy Reid, Parson, Johnathan Shiflett, Prosecutors, Ariel Young, Ariel's, Patricia McCloskey, Louis, Mark McCloskey Organizations: Kansas City Chiefs, Service, longtime Chiefs, Chiefs, Dodge Locations: Missouri, Kansas City, Arrowhead, St
A Foundation series Cybertruck was sold at an auction for $244,500 on Wednesday — over $130,000 more than its sticker price. AdvertisementSince Tesla started deliveries of the Cybertruck on November 30, Give Me The Vin has received dozens of offers from Cybertruck owners, Wolfe said. It's not the first time Tesla owners have attempted to flip their cars. In 2022, some Tesla owners made up to $7,000 reselling their EVs. However, the resale market has been difficult for Tesla owners in recent years due to the company's recent series of price cuts.
Persons: , Elon Musk, John Clay Wolfe, Tesla, Wolfe, We've, he's, GiveMeTheVin, Rolls Royce, It's Organizations: Service, Porsche, Cox Automotive's, Business, South Orlando, Elon, Tesla, Rolls Locations: Cox Automotive's Manheim, Dallas , Texas
CNN —Lord Norman Foster, renowned as one of the world’s foremost architects, has dedicated decades to redefining the concept of tall buildings. Currently nearing completion and set to reach a height of 301 meters (988 feet), Foster’s Lusail Towers are poised to claim the title of Qatar’s tallest buildings, surpassing the current record holder, The Torch Doha. Breaking ground in January 2020, the Lusail Towers stand amidst a plethora of new developments in the area, including Lusail Stadium, also designed by Foster + Partners for the 2022 FIFA World Cup. Building from the ground upWhile the towers are poised to become a recognizable landmark for Lusail, Foster believes that a city’s skyline reflects what lies beneath the surface. The Lusail Towers are set to be completed in phases over the next 12 months.
Persons: Norman Foster, St Mary Axe, he’s, Foster, ” Foster, “ We’ve, “ It’s, Luke Fox, ” Fox Organizations: CNN, St, HSBC, Foster + Partners, Lusail, Foster, Partners, AFC Asian Locations: Hong Kong, Qatar, Doha, Lusail
Michael Saylor, chairman and CEO of MicroStrategy, speaks during the Bitcoin 2022 conference in Miami on April 7, 2022. While the long-term safety of bitcoin may still be up for debate, Saylor's strategy has been a hugely lucrative one, particularly this week. Add it up and Saylor is about $700 million richer than he was on Sunday. Between Saylor's MicroStrategy control and his bitcoin, his holdings climbed to $2.96 billion in value on Wednesday from $2.27 billion at the start of the week. The company said on Monday that it acquired an additional 3,000 bitcoins for a total of $155 million between Feb. 15 and Feb. 25.
Persons: Michael Saylor, MicroStrategy's Michael Saylor, Saylor, MicroStrategy, Andrew Kang, bitcoin Organizations: MicroStrategy Locations: Miami, bitcoin
Washington CNN —President Joe Biden is fit for duty, his doctor reported Wednesday following the president’s annual physical, in what is expected to be the last update on Biden’s health before November’s election. Dr. Kevin O’Connor said in a memo there are “no new concerns” with the president’s health revealed by this year’s physical. The White House said earlier Wednesday that no cognitive test was administered as O’Connor did not find it necessary. The procedure was “successfully completed” at the White House by a team from Walter Reed, O’Connor said. Reports from the White House physician over the last several decades have consistently described the office-holder as fit to serve.
Persons: Joe Biden, Kevin O’Connor, ” O’Connor, Biden, , SSRS, Karine Jean, Pierre, “ doesn’t, Donald Trump, Jonathan Reiner, ” Reiner, that’s, O’Connor, , Biden’s, ” Biden, Lou Gehrig’s, Robert Hur, I’ve, , seething Biden, “ I’ve, NBC’s, Seth Meyers, ” Wednesday’s Walter Reed, Walter Reed, CNN’s Kevin Liptak, Mira Cheng Organizations: Washington CNN, O’Connor, , State, CNN, Quinnipiac University, White, US Preventive Services, Force, Medical Unit, American Medical Association, National Institutes of Health, White House Locations: Beverly Hills , California, United States
In this article MSTR Follow your favorite stocks CREATE FREE ACCOUNTMicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. MicroStrategy, along with its subsidiaries, now owns about 193,000 bitcoins worth $11 billion. watch nowInvestors have been increasingly bullish on the bitcoin trade following the SEC's approval of multiple spot bitcoin exchange-traded funds last month. "Institutional capital is still getting up to speed with bitcoin ETFs. For example, MicroStrategy has the ability to acquire bitcoin using proceeds from debt and equity issuances, the firm said.
Persons: Michael Saylor, Joe Raedle, MicroStategy, Andrew King, bitcoin, Bitcoin, Ryan Rasmussen, , MicroStrategy, Cowen, CNBC's Dylan Butts, Ari Levy Organizations: Mana Convention, Getty, Bitwise Asset Management, Research, Benchmark Locations: Wynwood, Miami , Florida, bitcoin, Bitcoin
The announcement came after S&P Global Ratings lowered Avison's credit on Friday and reported that the company had defaulted on the loan. Weeks earlier, S&P had downgraded the credit rating of Cushman & Wakefield, another major services firm. Higher interest rates have dislocated property values and stifled sales transactions, cutting off a major revenue stream for these firms. Leasing activity across major property types, meanwhile, including office, remains diminished. A push into US real estateAvison sought to rapidly grow in the US over the past decade, including in major commercial real estate markets such as New York City.
Persons: Avison Young, Weeks, Cushman, , Mark Rose, Avison, Rose, CDPQ, Arbour, MSCI, doesn't, that's Organizations: Cushman & Wakefield, Business, Leasing, Caisse, Federal Reserve Locations: Toronto, Avison, Lane, Stamford , Connecticut, New York City
Russia’s Brutal War Calculus
  + stars: | 2024-02-24 | by ( Paul Sonne | Josh Holder | ) www.nytimes.com   time to read: +7 min
Russia’s Brutal War Calculus Freedoms Wages The costs of two years of war in Ukraine have been enormous. Here is a look at how Russia at war has changed — suffering enormous costs by some metrics but faring better than expected by others. But Mr. Putin has convinced many that in invading Ukraine, Russia is defending itself against an existential threat from the West. Blood and TreasureIn the early months of the war, Mr. Putin’s military made grave mistakes, but it has regrouped. But despite their stated support for the war, many Russians would be happy for it to end.
Persons: languish, Instagram, Vladimir Putin, Putin, , , Putin’s, Aleksei A, Navalny Organizations: Daily Life People, Facebook, Travel, Trade, Russia, Military Locations: Ukraine, Russia, China, Soviet Union, India, Moscow, Europe, Turkey, Ukrainian
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