Pending

A house's real estate for sale sign shows the home as being "Under Contract" in Washington, DC.Saul Loeb | AFP | Getty ImagesPending home sales, a measure of signed contracts on existing homes, rose slightly in May, up 0.7% compared with April, according to the National Association of Realtors.That broke a six-month streak of declining demand. Sales were still 13.6% lower than in May 2021.Buyers have been contending with rising mortgage rates since the start of this year, but rates actually pulled back slightly in May,…

Even billionaires can get a sense of buyer’s remorse — for some weird reason. Elon Musk announced on Friday he is temporarily putting the Twitter deal on hold pending a review of fake/spam account data. Musk holding off on the $44 billion acquisition of the social media platform shook up the stock market in the process. Twitter’s shares nosedived by more than 10% to $40.50 at market opening, trading $14 below the acquisition price of $54.20 per share. In his announcement tweet, The Tesla CEO shared a Reuters article…

Elon Musk announced Friday that his Twitter deal is on hold until he receives more information about how many fake accounts there are on the social media platform.In a follow-up tweet around two hours later, Musk added that he was "still committed to the acquisition."Twitter's stock plummeted 18% in premarket trading following the initial announcement, but trimmed some losses after the second tweet. Shares closed down 9.7%. A spokesperson for the social media company did not immediately respond to a CNBC request for…

Maruti Suzuki has announced that it has been hit with supply chain issues in FY2022 resulting in pending orders going as high as 2.7 lakh vehicles. Speaking to CNBC-TV18, Maruti Suzuki MD AND CEO Hisashi Takeuchi said that the company has not suffered any erosion in terms of growth and market share. Takeuchi stated that SUV sales were increasing as small cars are becoming more expensive due to input costs. He also confirmed that Maruti Suzuki will launch strong hybrids in India in not so distant future. The company will…

The government is examining proposals from three telecom companies keen to opt for converting interest on deferred spectrum and adjusted gross revenue (AGR) dues into equity, Telecom Minister Ashwini Vaishnaw said in the Rajya Sabha on Friday.The minister — responding during Question Hour to a query if the government has any equity in private telecom firm Vodafone — said a one-time option was given to telecom companies to either pay upfront the interest on AGR dues or convert it in the form of equity in lieu of that as…