Elon Musk decided that he is no longer interested in acquiring Twitter, so he told the company of terminating their deal on Friday.Although Musk signed a binding merger agreement, he said Twitter is in “breach” for allegedly refusing his information requests and making employee changes. The deal has been tumultuous …
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Elon Musk has insisted that he is ‘still committed’ to his $44 billion acquisition of Twitter after throwing the deal into chaos by tweeting that it was ‘temporarily on hold’. Musk’s surprise tweets early Friday sent Twitter stock plunging in the pre-market, as analysts speculated that Musk is trying to …
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Billionaire Elon Musk has raised $7.14 billion in funding from a group of investors including Oracle Corp. co-founder Larry Ellison and Sequoia Capital to fund his $44 billion acquisition of Twitter, according to a disclosure Thursday. The disclosure showed that Saudi investor Prince Alwaleed bin Talal, who initially opposed the …
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Elon Musk said on Tuesday Twitter Inc. might charge a “slight” fee for commercial and government users, part of the billionaire entrepreneur’s push to grow revenue which has lagged behind larger rivals like Meta Platforms Inc’s Facebook. “Twitter will always be free for casual users, but maybe a slight cost for …
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US stocks ended little changed in remarkably thin trading Monday and Treasuries ticked lower at the long-end of the curve as investors focused on corporate results and prospects for faster policy tightening by the US central bank.The S&P 500 closed down less than 0.1%, after swinging between narrow gains and …
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US equities shrugged off geopolitical concerns and advanced on Monday amid outperformance in large-cap tech stocks. Recent Russo-Ukraine war developments raise the risk of an EU embargo on Russian energy imports and peace talk breakdown.But major US banks have been becoming more bullish on the equity market’s outlook. US equity …
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A Twitter account claiming to be connected with the activist collective Anonymous announced this week that it hacked Russia’s central bank, and it is planning to release 35,000 documents over the next 48 hours detailing “secret agreements.” The Central Bank of the Russian Federation did not comment on the news …
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Gold is lower despite risk-off themes at the start of the week. Russia was on Ukraine is driving the sentiment and the US dollar higher. As US yields rally to their highest levels since July 2019, the gold price is weakening in early afternoon US trade and is losing some …
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US oil price is off by some 3% as WTI crude fell off decade highs on Thursday following reports that a deal to allow the return of Iranian supplies to the global market is near.Traders are looking for supplements that can replace Russian exports that have been cut by sanctions …
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PepsiCo, the soft drinks and snacks giant, reported fourth-quarter adjusted earnings of $1.53 a share on revenue of $25.3 billion, both higher than analysts’ estimates, and the company’s forecast for 2022 organic revenue growth also topped forecasts. The stock, however, was down 2.5% to $167.66 on Thursday.Rival Coca-Cola’s earnings also …
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