fbpx

PU Prime App

Exclusive deals on mobile

  • Market Insights  >  Weekly Outlook

18 July 2022,01:13

Weekly Outlook

Musk Kills Twitter Deal

18 July 2022, 01:13

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

Elon Musk has pulled out of a protracted and tumultuous bid to purchase social media platform Twitter, making the announcement through an SEC filing. The deal was first proposed by Musk after he revealed that he had accumulated over 9% of Twitter earlier this year. Should the deal have gone through, Musk would be paying $54.20 a share for the $44 billion buy price. Twitter’s stock is currently at $32.65, down over 11% just after Musk’s announcement. Tesla shares, meanwhile, are down 38% since April 4 – the day when Musk first revealed his stake in Twitter. Musk now risks a $1 billion breakup fee with Twitter, as well as more in damages in the inevitable legal battle with the company. 

GameStop Launches NFT Marketplace

Games retailer and meme stock GameStop has announced the launch of its Non-Fungible Token marketplace, which is now available to the public for beta-testing. The marketplace can be connected to users’ own crypto wallets, which include GameStop’s own wallet – launched earlier this year in an effort to reinvent its business. GameStop is working with Loopring –  an Ethereum 2nd layer application –  for its NFT marketplace. 

Traders Are Betting on a 1% Fed Rate Hike

After Wednesday’s red-hot CPI figure of 9.1% (against an expected 8.8%), markets are betting on a 61% chance on Thursday – as priced in by the futures markets – that the Feds could raise interest rates by as much as 100 basis points, or 1.00% in their coming interest rate decision on 27 July. This comes after the Bank of Canada made a shocking move to raise rates by 1% – the largest ever single-month increase in 24 years.

Blows to Crypto Continue 

Crypto lender Celsius Network has filed for bankruptcy, revealing a $1.19 billion deficit on its balance sheets in its filings. Celsius also said that it had claims amounting to $40 million against crypto hedge fund Three Arrows Capital (3AC), which itself filed for bankruptcy earlier. The founders of 3AC have gone missing, with lawyers representing 3AC’s creditors saying that the whereabouts of founders Zhu Su and Kyle Davis are currently unknown. Meanwhile, NFT marketplace giant OpenSea plans to lay off 20% of its employees – joining other crypto firms including Gemini and Coinbase in trimming staff during what many are calling a “crypto winter”.

Inizia a Fare Trading con un Vantaggio

Scambia forex, indici, Metalli e altro ancora a spread bassi e con un'esecuzione fulminea.

  • Inizia a fare trading con depositi a partire da $50 sui nostri conti standard.
  • Ottieni accesso all’assistenza 24/7
  • Accedi a centinaia di strumenti, a strumenti didattici gratuiti e ad alcune delle migliori promozioni in circolazione.
Iscriviti Ora

Latest Posts

Apertura del conto semplice e veloce

Apri Conto Reale
  • 1

    Registrati

    Registrati per un Conto Reale PU Prime con la nostra semplice procedura.

  • 2

    Finanzia

    Finanzia senza fatica il tuo conto con un'ampia gamma di canali e valute accettate.

  • 3

    Inizia a Fare Trading

    Accedi a centinaia di strumenti a condizioni di trading leader del mercato.

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!