Banks that lent $12.7 billion to Elon Musk for his $44 billion Twitter takeover will hold the debt until early next year as they wait for the billionaire to unveil a clearer business plan they can market to investors, the Financial Times reported.
HONG KONG (Reuters Breakingviews) - Geely Automobile is hiving off its young electric vehicle brand, Zeekr. The Hong Kong-listed group’s chairman and founder Li Shufu has a lot riding on how the deal is positioned as the valuations of its homegrown rival
U.S. automaker Ford Motor Co opened its new global technology and business center on the outskirts of Mexico's capital on Monday after a $260 million investment.
Often times when we have big news weeks in the world of the stock market — and this week counts, with 1600+ earnings reports plus a slew of economic data all on deck — we don’t start off hot right away. This is one of those weeks. Only Chicago PMI is out this morning for
Billionaire Elon Musk said on Monday he would be the chief executive officer of Twitter, the social media company he recently acquired for $44 billion.
SpaceX is targeting early December to launch its giant Starship rocket system into orbit for the first time, a pivotal demonstration flight as it aims to fly NASA astronauts to the moon in the next few years, a U.S. official said on Monday.
Twitter should undo the "damage" done to former U.S. President Donald Trump by the cancellation of his account, Mexico's president said on Monday, as he expressed hope that new owner Elon Musk would curb censorship on the social media platform.
What happened
Tesla (NASDAQ: TSLA) stock dropped Monday morning along with much of the technology sector. The tech-heavy Nasdaq Composite index was down about 1.5% in early trading. Tesla shares were lower by 1.6% as of 11 a.m. ET after dropping nearly 3% earlier.
Tech titans had a dismal week, buoyed by weak earnings results and a disappointing outlook. The so-called "GAMMA" stocks — Alphabet GOOGL, Apple AAPL, Microsoft MSFT, Meta Platforms META, and Amazon AMZN — collectively shed about $350 billion in market value last week.Ami
Elon Musk has assured the European Commission that Twitter will abide by tough European rules on illegal online content policing now that the social network has passed under his ownership, European Union sources said on Monday.
Elon Musk has assured the European Commission that Twitter will continue to abide by tough European rules on illegal online content policing now the social network has passed under his ownership, EU sources said on Monday.
The NASDAQ 100 Pre-Market Indicator is down -77.4 to 11,468.81. The total Pre-Market volume is currently 27,485,036 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is -0.41 at $21.29, with 7,291,022 shares traded.
For some, Halloween provides a way to let their imagination become reality -- at least for a day. For others, it's a day of ghouls, goblins, and ghosts, with the intent of putting a little scare in those seeking candy. But for the stock market, Halloween represents just another d
Twitter will revise its user verification process, Elon Musk said in a tweet on Sunday, just days after he took over one of the world's most influential social media platforms.
Twitter will revise its user verification process, Elon Musk said in a tweet on Sunday, just days after he took over one of the world's most influential social media platforms.
What happened
The mighty bark that was Dogecoin's (CRYPTO: DOGE) bark at the end of last week softened into a whimper on Sunday. The effect of the cryptocurrency's frequent cheerleader Elon Musk buying Twitter (NYSE: TWTR) was obviously fading fast. As of mid-afternoon that day,
What happened
Sunday was hardly a day of rest for Chainlink (CRYPTO: LINK) investors, as they were busy trading up the niche cryptocurrency. As of mid-afternoon, Chainlink's price had risen by almost 4%; like a certain low-priced crypto in the very recent past, the token seems to
On the What Bitcoin Did podcast, ARK Invest Chief Executive Officer Cathie Wood shed some light on Bitcoin (CRYPTO: BTC). Maybe the most intriguing, but not most important, part of the interview was that she finally disclosed for the first time when she originally bought Bitcoin.