Fiscal Solvency Stalwarts Rank #MelonHusk's Tweet Takeover Amongst Worst #FinancialBloodbath Episodes Since 2008 Financial Crash. Twitter's value has plummeted, and much of its marketshare has sunk since the deal was signed.

7 unlucky global banks signed up for the deal including #BofA and #MorganStanley, #Barclays, #Mitsubishi, #BNP Paribas, and all have lost #Billions. According to data from #PitchBook LCD, the loans have "hung" (on books without a buyer) longer than every unsold deal since the 2008-09 financial crisis for which the research firm has complete records.

https://www.wsj.com/tech/elon-musks-twitter-takeover-is-now-the-worst-buyout-for-banks-since-the-financial-crisis-3f4272cb?st=7kuvjx18fkgri9q #PaywallFree #WSJ #TwitterDown

Corporate #FoodIndustry Behemoth Lobbying Groups Mount Defense Against #KamalaHarris #PriceGouging Attacks

https://www.wsj.com/politics/policy/food-industry-pushes-back-against-kamala-harriss-price-gouging-plan-064c3bb1?st=oc9onmb90322lz8 #GiftLink #PaywallFree #WSJ #FreeLink

#WSJ reporter in #HongKong claims #Murdoch owned media outlet fired her for #winning role as an elected #UnionLeader in June after #Beijing criticized #union and #PressFreedom. #NewsCorp owned #DowJones claims routine #ReOrg and editorial focus shift to #Singapore necessary in current biz climate.

https://www.nytimes.com/2024/07/17/world/asia/wsj-reporter-fired-hong-kong.html?unlocked_article_code=1.700.-IvK.mhT5PPr7kPmB&smid=url-share #PaywallFree #GiftLink

The troubling spectre of #holocaust remembrance infuriates members of Alternative for #Deutschland party, and as they are electorally primed to take over #governance of #Germany's #Thuringia state where the #Buchenwald museum sits, it has many observers, including its curator worried as #Swastikas and jackboots make a comeback along with emboldened far right #populism

https://on.ft.com/3XG7DjD via #FT #GiftLink #PaywallFree

10 major music artists including Sia, John Legend, Charli XCX and T-Pain have taken the bait and signed in to be guinea pigs in #YouTube's #generativeAI #DreamTrack song parroting technology . The #streaming king is trying to get buy in from #majorlabels & #musicpublishers with lump sum upfront buyouts -

https://on.ft.com/3VJj9bz #PaywallFree #GiftLink via #FinancialTimes

While consumer tech #startups, #lithium battery, autonomous and #EV vehicle makers are #downsizing and instituting mass #layoffs, #Global #military #DefenseContractors are seeking tens of thousands of new recruits this year as constant conflicts & wars wrap the planet. #Defence spending has spiked to new highs, and orders are backed up. #Lockheed Martin, #Northrop Grumman and #GeneralDynamics alone have close to 6,000 job slots waiting to fill.

https://on.ft.com/3z0ljLY #PaywallFree #FT #GiftLink

#KillingIsOurBusinessAndBusinessIsGood

#MarinCounty only #SFBayArea county to show precipitous #PostCovid 10% drop in percentage of #HighSchool #graduates that'd qualify for admission to #California state #University system, although 60% avg remains higher than statewide avg of 52%.

https://www.eastbaytimes.com/2024/06/12/one-bay-area-county-is-falling-behind-on-preparing-high-school-grads-for-public-university/?share=2ligrghofehciainteye #HigherEd #StandardizedTests #StudentAchievement #Edu #Standards #GiftLink #PaywallFree

#Sony Pictures has acquired the #ATX founded #Altamont & #Fortress #hedgefund owned #AlamoDrafthouse #cinema chain that shows films amidst libations brought by waiters to patrons . In 2021 the 30+ cinema chain filed for #Chapter11 #Bankruptcy protection after it suffered #pandemic related loses.

https://www.wsj.com/business/deals/sony-buys-alamo-drafthouse-movie-theater-chain-ee8e7a3c?st=qn0avgpz6siv8vq&reflink #WSJ #PaywallLift #GiftLink #PaywallFree

With poll numbers in deep doodoo #WhiteHouse in desperation mode pulls largely symbolic chest thumper move from #TrumpPlaybook in protectionist ploy to appease American #RustBelt workers, #BidenAdmin imposes heightened #tariffs on #Chinese #EV industry ... Move quadruples rate to 100% #tariff on China import #ElectricVehicles

https://on.ft.com/44GvK36 #GiftLink #PaywallFree #Economics #FinancialTimes

California #PublicEmployee #pension fund #Calpers investment in #ExxonMobil called into question after oil company legal battles vs activist #shareholders who hoped to urge corp away from #FossilFuels & #GreenhouseGas emissions.

The govt worker retirement plan owns a billion dollars worth of stock in the #OilCompany, which is only 0.2% of equity, yet #California treasurer #FionaMa said. “As the largest public #PensionFund in the country, we have a responsibility to lead on issues that threaten to undermine shareowners.”

https://www.ft.com/content/4c33cdcf-3914-4dea-829b-cdb6e5c223cd #FInancialTimes #PaywallFree #GiftLink #Energy #Investing #ESG