/biz/ - Business & Finance

>tfw officially red YTD
do I redeem

>>55162403
>coming soon

>>55117615
As for your question OP I have no idea. I'm in the /biz/ portfolio of crypto, stocks and boomer rocks. I'm pretty happy to just keep accumulating cheapies for the next year desu

Anything that isnt PoW is a scam.

will there be another bull run?

what are the chances we saw the 5 year bottom?

would be cool if we did

>>49287694
pls i cant do this any more

Who here is also sleeping a lot latetly? Wake me up when XRP is poomping.

What's going on with ABEO lads?

>>22878614

Cleveland-Cliffs Inc (NYSE: CLF) announced Monday it has signed an agreement to purchase the United States unit of ArcelorMittal S.A. (NYSE: MT).

What Happened: The $1.4 billion transaction would be made on a cash-free and debt-free basis with 78.2 million shares of the Cleveland-Cliffs common stock — worth about $460 million as of Friday’s closing. Additionally, it would involve the transfer of non-voting preferred Cleveland-Cliffs stock worth approximately $373 million and $505 million in cash, Cleveland-Cliffs said in a statement.

The company expects cost savings to the tune of $150 million annually after the transaction is completed.

Goldman Sachs Group Inc’s (NYSE: GS) investment arm is acting as financial advisor to Cleveland-Cliffs, while BofA Securities, the investment banking arm of Bank of America Corporation (NYSE: BAC), to ArcelorMittal.

The deal is expected to close in the fourth quarter of 2020, subject to regulatory approval.

Why It Matters: Post-transaction, Cleveland-Cliff would become the largest flat-rolled steel producer in North America with combined shipments of 17 million net tons in 2019, according to the company.

ArcelorMittal was looking to offload $2 billion of assets by the middle of 2021 to reduce its debt and agreed to sell a 50% stake in its shipping business in December, Reuters reported.

The Luxembourg-based steel maker has also sold its stake in Brazillian steelmaker Gerdau S.A. (NYSE: GGB).

Price Action: Cleveland-Cliffs shares closed nearly 3% higher at $5.88 on Friday. On the same day, ArcelorMittal shares closed almost 0.3% lower at $12.09 and fell almost 1.5% in the after-hours session.

I'm going to become a millionaire before I have ever kissed a girl. I'm already a quarter of the way there with everything in Chainlink. As for women, I haven't spoken to one in 7 months except for my mom. I guess, if you're counting women my age and not 50 year old women at my job, I haven't spoken to one in a few years.

What's the most elaborate way I can use my riches to kill myself?

>tfw no /ptg/ 3 days in a row

hello?

>>16276801
I bought at $3 am I too late fren