Forty years. That is how long Ugandan President Yoweri Museveni has been in power. The 81-year-old was sworn in on Tuesday to extend his presidency over a further five-year term that may well be his last – although not necessarily the last for the Museveni family. The president’s son and presumptive heir, army chief General Muhoozi Kainerugaba, oversaw days-long rehearsals of the military parade t...
Forty years. That is how long Ugandan President Yoweri Museveni has been in power. The 81-year-old was sworn in on Tuesday to extend his presidency over a further five-year term that may well be his last – although not necessarily the last for the Museveni family. The president’s son and presumptive heir, army chief General Muhoozi Kainerugaba, oversaw days-long rehearsals of the military parade that will animate the eighth inauguration of Museveni, with Russian-made Sukhoi fighter jets flying...
EBay Inc. rejected a $56 billion takeover offer from GameStop Corp. Chief Executive Officer Ryan Cohen , calling the unsolicited bid “neither credible nor attractive” in a letter from Chairman Paul Pressler on Tuesday. Gamestop couldn’t immediately be reached for comment. The rejection potentially sets up a proxy fight to replace eBay’s board with one favorable to a GameStop deal. Cohen last week ...
EBay Inc. rejected a $56 billion takeover offer from GameStop Corp. Chief Executive Officer Ryan Cohen , calling the unsolicited bid “neither credible nor attractive” in a letter from Chairman Paul Pressler on Tuesday. Gamestop couldn’t immediately be reached for comment. The rejection potentially sets up a proxy fight to replace eBay’s board with one favorable to a GameStop deal. Cohen last week offered $125 a share — consisting of 50% cash and 50% GameStop stock — to eBay shareholders, a 20% premium to the stock price the previous Friday’s close. GameStop’s market value is about $10 billion, less than a fourth the value of eBay. The company plans to borrow $20 billion to help finance the acquisition. Cohen pledged to find $2 billion in cost savings within 12 months of the deal closing and suggested that eBay CEO Jamie Iannone ’s spending on marketing has been wasteful. Many investors are skeptical that Cohen can get the deal down because he hasn’t fully explained how he’d pay for the acquisition. EBay’s online marketplace has 136 million users who spend about $80 billion a year on the platform. The company’s 2025 revenue totaled $11.6 billion, mostly from commissions. It also sells advertising and makes money processing payments. GameStop operates about 2,200 retail stores in the US, France and Australia after shuttering 227 locations last year. The retailer generated $3.6 billion in revenue in the 12-month period ending January 31, mostly from the sale of gaming hardware and collectibles. In his takeover bid, Cohen said GameStop’s 1,600 US stores could be used to authenticate collectibles sold on eBay as well as shipping centers for goods sold on the e-commerce platform.
In this article EBAY GME Follow your favorite stocks CREATE FREE ACCOUNT A sign is posted in front of the eBay headquarters in San Jose, California. Justin Sullivan | Getty Images EBay on Tuesday rejected an ambitious $56 billion takeover bid from the much smaller GameStop on doubts over the financing of the deal, while underscoring its turnaround efforts that have boosted its growth. The reject...
In this article EBAY GME Follow your favorite stocks CREATE FREE ACCOUNT A sign is posted in front of the eBay headquarters in San Jose, California. Justin Sullivan | Getty Images EBay on Tuesday rejected an ambitious $56 billion takeover bid from the much smaller GameStop on doubts over the financing of the deal, while underscoring its turnaround efforts that have boosted its growth. The rejection could lead to a hostile bid, as GameStop CEO Ryan Cohen last week said he was willing to take the offer directly to eBay shareholders. Analysts and investors have doubted whether the half-cash, half-stock bid from the $12 billion videogame retailer for a company nearly four times its market value would close. EBay stock has been trading $20 below the offer price of $125 per share. The approach has also irked some GameStop investors. Following the bid, Michael Burry of "The Big Short" fame sold all his shares in the company. Calling the deal strategy "pedestrian", Burry, who once likened GameStop CEO Ryan Cohen to Warren Buffett, warned about the debt load and shareholder dilution. Cohen is betting on replicating his cost-cutting playbook at GameStop to boost eBay's profitability, while tapping GameStop's around 1,600 U.S. stores into a physical network to make eBay a better competitor to Amazon . He has also touted $20 billion in potential debt financing from TD Securities and GameStop's ability to issue stock to fund the deal. watch now VIDEO 6:19 06:19 GameStop CEO Ryan Cohen $56B eBay offer: 'An opportunity to build a much larger business' Squawk Box Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Stock index futures fell Tuesday over growing fears of the U.S.-Iran ceasefire collapsing. Investors will monitor a key inflation report. Now, here are 5 news stories that broke overnight to watch out for: Beef tariff relief on hold: The Trump administration has delayed its plan to ease tariffs on beef imports as it finalizes details, The Wall Street Journal reported. President Donald Trump was ex...
Stock index futures fell Tuesday over growing fears of the U.S.-Iran ceasefire collapsing. Investors will monitor a key inflation report. Now, here are 5 news stories that broke overnight to watch out for: Beef tariff relief on hold: The Trump administration has delayed its plan to ease tariffs on beef imports as it finalizes details, The Wall Street Journal reported. President Donald Trump was expected to sign two executive orders Monday to address high beef prices, including suspending beef-exporting countries’ annual tariff-rate quota and increasing support for American cattle producers, but the signing has been pushed back. Nvidia CEO excluded from China trip: Jensen Huang, chief executive of Nvidia ( NVDA ), was notably absent from the list of executives invited to accompany President Trump on his visit to China this week. While more than a dozen other top executives, including Apple ( AAPL ) CEO Tim Cook and Tesla ( TSLA ) CEO Elon Musk, made the cut for the business delegation , Huang—whose company makes the world’s most sought-after AI chips—was not among those invited. U.K. Prime Minister Starmer faces pressure: Britain’s Keir Starmer was reportedly consulting colleagues Tuesday about his ability to remain in office ahead of a critical cabinet meeting, following resignations by ministerial aides and nearly 80 lawmakers publicly urging him to step down. Starmer on Monday said he would “face up to the big challenges” and restore hope to the country, in part by forging closer ties with the European Union. Silver surges as gold holds steady: Gold futures finished flat in volatile trading Monday, while silver posted its strongest one-day gain since February as technical signals attracted new buying. The rally was sparked by rising interest from hedge funds and other leveraged investors that had stayed on the sidelines in recent weeks, according to TD Securities senior commodity strategist Ryan McKay. Strategic Petroleum Reserve release begins: The U.S. governmen...
primeimages/E+ via Getty Images Dear Shareholder: The net asset value of the Artisan International Value Fund fell by 0.53% during the quarter (investor class) while the MSCI EAFE Index fell by 1.24%. Over the last one, three and five years, the annualized returns for the Artisan International Value Fund are 15.54%, 13.03% and 9.75%, respectively. Since the inception of the Fund in 2002, the avera...
primeimages/E+ via Getty Images Dear Shareholder: The net asset value of the Artisan International Value Fund fell by 0.53% during the quarter (investor class) while the MSCI EAFE Index fell by 1.24%. Over the last one, three and five years, the annualized returns for the Artisan International Value Fund are 15.54%, 13.03% and 9.75%, respectively. Since the inception of the Fund in 2002, the average annual total return is 11.64%. Investing Environment Operation Epic Fury created a challenging investment environment in Q1. Global markets 1 declined by more than 3.5%, led by US large-cap growth stocks (the S&P 500 ® Index and Russell 1000 ® Growth Index fell 4.3% and 9.8%, respectively). Developed markets outside the US 2 were flat; however, in dollar terms, they declined by 1.2%. Major currencies, including the pound sterling, Japanese yen, euro and Swiss franc, each weakened by 1%–2% against the dollar. Emerging markets performed slightly better, with modest gains led by technology-heavy markets in Taiwan and Korea. Commodity prices for oil, gas, base metals and agricultural commodities rose during the quarter. These increases were tied directly or indirectly to disruptions caused by the Middle East conflict. Unless the conflict is resolved, these price increases are likely to put pressure on consumers and, in some cases, corporate profits. We do not have any special insight into how or when the conflict will end. However, when resolvable issues create volatility in the stock market, opportunities often arise to acquire valuable businesses at more attractive prices. As value investors, the price paid relative to a business's long-term intrinsic value is the primary determinant of our ability to manage risk and generate excess returns. While we do not wish for turmoil, we work tirelessly to be prepared for it. "It's not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work ...
Bytes Technology Group (LON:BYIT) reported higher full-year gross invoice income and modest gross profit growth, while operating profit declined as Microsoft incentive changes and internal sales realignment weighed on performance. Chief Executive Sam Mudd said the software solutions provider made “
Bytes Technology Group (LON:BYIT) reported higher full-year gross invoice income and modest gross profit growth, while operating profit declined as Microsoft incentive changes and internal sales realignment weighed on performance. Chief Executive Sam Mudd said the software solutions provider made “
Freshpet Stock: Leading the Pack with Solid Earnings ResultsMarston's (LON:MARS) reported what management described as a strong first half of fiscal 2026, with profit growth and continued margin expansion despite softer sales and cost pressures across the hospitality market. Chi
Freshpet Stock: Leading the Pack with Solid Earnings ResultsMarston's (LON:MARS) reported what management described as a strong first half of fiscal 2026, with profit growth and continued margin expansion despite softer sales and cost pressures across the hospitality market. Chi
Venture Global press release ( VG ): Q1 GAAP EPS of $0.19 beats by $0.05 . Revenue of $4.6B (+59.2% Y/Y) beats by $750M . 2026 Outlook Our updated guidance for 2026 is as follows: Consolidated Adjusted EBITDA 1 guidance for the full year 2026 is $8.2 billion - $8.5 billion. As noted in previous quarters, changes in natural gas prices, both domestic and international, could impact Consolidated Adju...
Venture Global press release ( VG ): Q1 GAAP EPS of $0.19 beats by $0.05 . Revenue of $4.6B (+59.2% Y/Y) beats by $750M . 2026 Outlook Our updated guidance for 2026 is as follows: Consolidated Adjusted EBITDA 1 guidance for the full year 2026 is $8.2 billion - $8.5 billion. As noted in previous quarters, changes in natural gas prices, both domestic and international, could impact Consolidated Adjusted EBITDA guidance. We assume a fixed liquefaction fee range of $9.50/MMBtu - $10.50/MMBtu for our remaining unsold cargos in 2026 in support of our guidance, reflecting market forward prices and recently executed cargo sales. +/- $1.00/MMBtu change in fixed liquefaction fees will impact our full year 2026 Consolidated Adjusted EBITDA by $300 million - $350 million. We expect to export 147 - 154 cargos from the Calcasieu Project and 347 - 369 cargos from the Plaquemines Project in 2026. We continue to anticipate Plaquemines Project Phase 1 COD in Q4 2026 following the conclusion of commissioning and assurance testing and any required remediation or rectification work. More on Venture Global Venture Global: Higher For Longer LNG Spot Prices (Rating Upgrade) Venture Global: Iran War Helps Bridge Two Soft Years Before Growth Shoots Venture Global: Go Long And Stay Long Venture Global Q1 2026 Earnings Preview Goldman Sachs cuts IPO forecast; biggest IPOs since 2025 ranked by market cap