The Week in Numbers: unwanted record, unwelcome offer

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STORY: From how Nvidia set a record it never wanted, to why 7-Eleven found a takeover offer inconvenient, this is the Week in Numbers.

:: $279 billion

$279 billion was the value wiped off Nvidia stock in one day - a record for any U.S. company.

Investors seem to have cooled their enthusiasm for AI shares after the company’s outlook for the coming months failed to excite.

The slide sparked a tumble for chip stocks around the world.

:: $38.5 billion

$38.5 billion is not enough to buy Seven & i Holdings - the owner of the 7-Eleven convenience store chain.

The Japanese firm rejected the bid from Canada’s Alimentation Couche-Tard, saying it wasn’t in the interest of shareholders.

:: $14.9 billion

$14.9 billion probably isn’t enough for Nippon Steel to buy U.S. Steel either.

Both companies want the deal, but it looks set to be blocked by Washington over national security concerns.

The takeover has faced bipartisan opposition, with Republican presidential candidate Donald Trump and Democratic rival Kamala Harris both opposed:

“U.S. steel should remain American owned and American operated.”

:: 10,000

About 10,000 is how many U.S. hotel workers went on strike this week, after talks broke down with Marriott and other chains.

The workers say conditions have been bad ever since operators slashed staffing during the pandemic.

:: $23

And $23 per share is how much the Nordstrom family is offering to take control of the department store chain that bears their name.

That values the company at close to $3.8 billion.

Shares in the firm have surged by more than a third since Reuters first reported the family’s intentions.