GameStop is in talks with buyout firms after receiving takeover interest

GameStop is in talks with buyout firms after receiving takeover interest

Videogame and electronics retailer GameStop is holding talks with private equity firms about a potential transaction after receiving buyout interest, people familiar with the matter said on Monday. The company has hired a financial advisor to assist in these discussions, said the people, who asked not to be named because the matter is private. Sycamore Partners is one of the private equity firms that has expressed interest in GameStop, one of the people said. There…

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Elon Musk tells shorts on Twitter they have 3 weeks to cover

Elon Musk tells shorts on Twitter they have 3 weeks to cover

Tesla CEO and chairman Elon Musk went after shorts on Twitter over the weekend. He generally warned investors selling his electric vehicle venture short that they have about 3 weeks to cover if they don’t want to lose their money. tweet 1 Tesla stock has rallied more than 20 percent since the company’s early June annual shareholder meeting at which Chairman and CEO Elon Muskpromised profitability in the third quarter, and trended more than 4…

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Supreme Court punts on two cases regarding partisan election districts

Supreme Court punts on two cases regarding partisan election districts

The Supreme Court sidestepped a potentially historic ruling Monday that would have stopped states from drawing election maps intended to help one political party dominate the other, but the issue could return as soon as next term. The justices found procedural faults with challenges brought by Democratic voters in Wisconsin and Republicans in Maryland. That could open the door for a third case from North Carolina to reach the court next term. In a case…

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7 ways you can empower yourself at work and in life

7 ways you can empower yourself at work and in life

It can be easy to fall into a routine that doesn’t bring out the best in you. There will always be ups and downs in life but you can initiate important changes to point yourself in a positive direction. Often, all you need is a few important habits to jump-start your day. At other times, an ambitious plan or overall strategy will make the pieces to fall into place. No matter what your situation, you…

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Elon Musk hung out in the Netscape lobby in the ’90s hoping to get a job

Elon Musk hung out in the Netscape lobby in the ’90s hoping to get a job

Elon Musk hasn’t always been a top dog in Silicon Valley. In fact, when he first arrived in California in the ’90s, the now billionaire tech titan tried and failed to get a job at Netscape Communications, the company that created the first web browser, Netscape Navigator. Musk had moved to Silicon Valley to attend Stanford graduate school and was hoping to get involved in the Internet. “I actually wasn’t sure what I wanted to…

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Square gets regulatory green light for cryptocurrency trading in New York

Square gets regulatory green light for cryptocurrency trading in New York

Payment company Square got the green light from regulators Monday allowing New Yorkers to trade cryptocurrency on the rapidly-growing Cash app. While Square launched crypto trading through its payments app in late January, until this week that feature was unavailable in New York. “That was one of the missing pieces in their puzzle,” Nomura Instinet analyst Dan Dolev told CNBC. “They had approval in most states but New York was by far the biggest one…

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Intel shares fall after small Wall Street firm downgrades chipmaker, predicting slower growth

Intel shares fall after small Wall Street firm downgrades chipmaker, predicting slower growth

Intel’s sales growth in the data center market will slow later this year, according to a small Wall Street firm. Northland Capital Markets lowered its rating to underperform from market perform for Intel shares, citing rising competition from AMD and Nvidia. “Workloads in Data Centers are shifting to AI. This we believe is increasing the use of GPU [made by AMD and Nvidia] and ASICs and reducing the importance of CPUs,” analyst Gus Richard said…

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Gaming addiction classified as mental health disorder by WHO

Gaming addiction classified as mental health disorder by WHO

Many parents will have thought it for a long time, but they now have a new argument to limit their children’s ‘screen time’—addiction to video games has been recognized by World Health Organization as a mental health disorder. The WHO’s latest reference bible of recognized and diagnosable diseases describes addiction to digital and video gaming as “a pattern of persistent or recurrent gaming behavior” that becomes so extensive that it “takes precedence over other life…

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Rent-A-Center shares surge 22% in single day on buyout

Rent-A-Center shares surge 22% in single day on buyout

Shares of Rent-A-Center soared more than 20 percent on Monday after the rent-to-own retailer announced it is being acquired by Vintage Capital Management. Vintage Capital will pay $15 per share in cash for the company, which went public back in 1995. Including debt, the deal is valued at around $1.37 billion. The acquisition is expected to close by the end of the year, both companies said in a release. The stock jumped 22 percent to…

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