House Passes Bill To Give Ukraine Billions in Additional Military Aid as War Escalates

"Neither Credible Nor Attractive": eBay Rejects GameStop's Takeover Bid eBay's board released a statement on Tuesday morning, rejecting GameStop CEO Ryan Cohen's unsolicited, non-binding acquisition proposal, calling it "neither credible nor attractive." "We have concluded that your proposal is neither credible nor attractive," Paul S. Pressler, eBay's chairman of the board of directors, wrote in a statement. Pressler cited concerns over GameStop's financing, the risks of a combined business, leadership and governance questions, and the potential impact on eBay's valuation and long-term growth. Pressler laid out the concerns: eBay's standalone prospects, the uncertainty regarding your...

Key Events This Week: PPI, Industrial Production, Q1 Earnings, Iran War When it comes to the week ahead, clearly the Iran conflict will be the main focus, but there are a few other things to look out on the calendar. First, the Q1 earnings season will start to kick off, with this week’s releases including several US financials. DB's equity strategists have a full preview, and they argue that the bottom up-analyst consensus for S&P 500 earnings growth accelerating into the mid-teens (16%) is justified by a favorable macro environment (full...

'Starmer Out' Odds (& Gilt Yields) Rise As Embattled UK PM Vows To 'Prove Doubters Wrong' UK Prime Minister Keir Starmer vowed this morning to fight any bid to topple him, insisting he is “not going to walk away” and claiming that the country would never forgive Labour if it indulged in the “chaos” of a leadership contest. “I know that people are frustrated by the state of Britain, frustrated by politics, and some people frustrated with me,” Starmer said in London on Monday. “I know I have my doubters, and I know...