Charlie Grant
speaker
422 appearances
10 recordings
1 series
first heard Jul 2017
last heard Apr 2024
Charlie Grant’s voice in public audio — every appearance, attributed to the second.
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Appearances
And they bounced back the next day, right away.
When all was said and done, all three major indexes rose for an eighth straight week.
Turning to individual stocks, there were some big movers this week.
Some good, some not so good.
We started on a high note.
U.S.
steel stock jumped 26% on Monday.
That came after the company agreed to be acquired by Nippon Steel in a $14.1 billion deal that would give the Japanese corporation a major role in U.S.
steelmaking.
Now, U.S.
Steel has been evaluating various offers since August, and we knew that.
So we were expecting some sort of deal announcement.
But this one was pretty big.
It values the Pittsburgh company at $55 a share, well above its current trading price of about $48.
So investors loved it.
Of course, the deal comes with a catch.
It would end the independence of one of America's oldest and most storied enterprises in a key industry.
And in part because of that, it's attracted criticism from both the Steelworkers Union and some key government officials.
The White House said the deal deserves serious scrutiny, so we'll have to wait and see whether it truly crosses the finish line.
This story isn't over just yet.
Showing 161–180 of 422 · page 9 of 22
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