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Yahoo CEO announces resignation, dating app Tinder CEO takes over
Sina Technology News Beijing time on the evening of Sept. 10, it is reported that Yahoo CEO Guru ran Pan (Guru Gowrappan) announced today that he will resign as CEO and be succeeded by Tinder CEO Jim Lanzorn (Jim Lanzone), a dating app. Apollo Global Management, a private equity firm, announced earlier this month that it had completed its acquisition of Yahoo from Verizon Communications Inc in a deal worth about $5 billion. Today, Yahoo CEO Gu ran Pan said in a memo to employees that the company has opened
Us listed companies have issued a record $75 billion worth of new shares this year.
As US stocks rise, US-listed companies, including popular "Meme stocks" game stations and AMC, are scrambling to issue new shares to take advantage of high valuations. According to the latest data from Dealogic, as of Aug. 24, 556 listed companies in the United States have issued new shares, the highest number since 1996. The amount of new shares issued by these companies totaled $75 billion, the highest on record and an increase of 70 per cent over the same period last year. In addition to the two companies whose share prices have soared this year, Game Station and AMC, the companies that have issued new shares include the household name Zo.
Sources say that private equity giant TPG is preparing an IPO valuation that could reach tens of billions of dollars.
Private equity giant TPG has hired JPMorgan Chase & Co and Goldman Sachs Group to help it prepare for IPO, according to people familiar with the matter. TPG has not made a final decision on IPO and its plans may still change, the person said. It was reported in June that TPG was in the early stages of considering a public offering, which could be valued at about $10 billion. The company considered two options at the time, either through a direct IPO or through a merger with a special purpose acquisition company (SPAC), and now chose the former. According to people familiar with the matter, the company is drafting documents that it plans to file with regulators in the coming weeks.
Japan plans to increase subsidies for the purchase of electric vehicles
It is reported that Japan's Ministry of economy, Trade and Industry will increase subsidies for the purchase of electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. The Ministry of economy, Trade and Industry will seek a budget of 33.5 billion yen for the 2022 fiscal year, twice the budget for the current fiscal year. Details will be worked out later, but the department is considering raising the level of subsidies to bring prices in line with gasoline cars. The government currently provides a subsidy of up to 600000 yen per electric vehicle, while the subsidy for plug-in hybrid vehicles and fuel cell vehicles is 300000 yen and 2.5 million yen respectively.
Allianz chief economist satirizes the Federal Reserve: The temporary inflation you are talking about may continue for a year or two
Allianz chief economist Mohamed El-Erian (Mohamed El-Erian) on Monday once again refuted the Fed's view that inflation is only temporary, saying that this “temporary” could mean one to two years, and that Federal Reserve Chairman Powell's firm stance on this issue may complicate his re-election prospects. Ellian said, “When the Federal Reserve starts saying it's not a few months or a few quarters yet, it's probably a year or two. At this point, the ephemeral concept becomes meaningless. The risk we face is that inflation will seep into the whole system.” Ellian also discussed Powell as the chairman of the Federal Reserve
German electric aircraft founder Lilium wins its first big order, and Brazil's Azure Airlines orders 220 aircraft
German electric jet startup Lilium announced on Monday that it has received an order for 220 aircraft from Azul (Azul), worth about 1 billion US dollars. The companies said they plan to establish a network of electric vertical take-off and landing (eVTOL) aircraft in Brazil between now and 2025. Lilium Chief Strategy Officer Alex Asseily (Alex Asseily) said, “Our planned aircraft will fly at 175 miles per hour and have a range of 155 miles.” Lilium's newest aircraft is a five-seater
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