What happened to USian anti-trust laws?

Flush with cash, big companies are ready to buy up rivals and reward investors

New York (CNN Business)Microsoft's massive acquisition of Activision Blizzard is notable for several reasons, not the least of which is that it's spending nearly $70 billion -— in cash — to make the deal. That means Microsoft (MSFT) CEO Satya Nadella is essentially going to write a check for Activision Blizzard (ATVI).

Many big mergers are financed by issuing stock, or at the very least, with a mix of new shares and some cash. But Microsoft had $130.6 billion in cash on its balance sheet at the end of September, so the software giant will still have more than $60 billion left after the takeover is completed.

https://www.cnn.com/2022/01/19/investin ... index.html

insane.
they could pay their employees more, of course.....

And then those employees would have more money to spend on those products, thereby increasing business and profits....nah

UnAmerican.

Didn't Henry Ford say exactly that?

It's why he paid his workers more than the others- so they could buy a Ford.

Ruble plummets as Russia attempts to prevent run on banks

Russia's central bank sharply raised its key rate Monday in a desperate attempt to shore up the plummeting ruble and prevent the run of banks amid crippling Western sanctions over the Russian war in Ukraine.

The bank hiked the benchmark rate to 20 per cent from 8.5 per cent. That followed a Western decision Sunday to freeze Russia's hard currency reserves, an unprecedented move that could have devastating consequences for the country's financial stability.

....... Sanctions announced last week had taken the Russian currency to its lowest level against the dollar in history.

https://www.cbc.ca/news/business/russia ... -1.6366830

Russia's economy is collapsing quickly. Now that oligarchs' personal assets are being seized/frozen one wonders how long before they turn on Putin.

EDIT: It has started.

Russia's second biggest oil company calls for an end to Putin's war

https://www.cnn.com/2022/03/04/business ... index.html

Russia could default on its debt within days

London (CNN Business)Russia has sent the clearest signal yet that it will soon default — the first time it will have failed to meet its foreign debt obligations since the Bolshevik revolution more than a century ago.

More---> London (CNN Business)Russia has sent the clearest signal yet that it will soon default — the first time it will have failed to meet its foreign debt obligations since the Bolshevik revolution more than a century ago.