U.S. stock index futures fell on Monday, bracing for the start of the earnings season which could see profits come under pressure at a time of growing fears of an economic downturn due to aggressive interest rate hikes.
Jim Simons and Josh Resnick might not be familiar names to many investors, but both hedge fund managers have beaten the S&P 500 over the past three years. During that time, Simons' Renaissance Technologies and Resnick's Jericho Capital Asset Management delivered returns of 76
Stock splits are big news these days. That's because some of the most popular companies have announced or completed them this year. For example, Amazon split its stock in June. And Tesla shareholders are set to vote on a potential split during their meeting in August.
Shares of Twitter Inc fell about 6% in premarket trading on Monday as a legal tussle between Elon Musk and the social media company is expected to take center stage after the world's richest person walked away from the $44 billion deal.
In the race to go electric, carmakers have focused on range to ease consumer anxiety over charging infrastructure, but battery makers are already working on the smaller, longer-lasting and cheaper batteries of the future, which also charge more quickly.
Twitter Inc has hired U.S. law firm Wachtell, Lipton, Rosen & Katz LLP as it prepares to sue Elon Musk and force him to complete the $44 billion acquisition of the social media company, according to people familiar with the matter.
GameStop's (NYSE: GME) stock split announcement finally dropped. Investors have been waiting since March for the move after the video game retailer dramatically increased the number of shares outstanding from 300 million to 1 billion with the goal of splitting the stock.
Elon Musk avoided discussing the collapsed Twitter deal as he addressed an audience of moguls on Saturday in Sun Valley, two sources who attended the conference told Reuters.
What happened
The S&P 500 index dropped more than 20% in the first half of 2022, but Tesla (NASDAQ: TSLA) stock did even worse. Tesla shareholders saw their holdings down 36.3% in 2022 through June 30, according to data provided by S&P Global Market Intelligence. Even aft
(RTTNews) - Billionaire entrepreneur Elon Musk has terminated his $44 billion deal to acquire Twitter, claiming that the social media giant failed to comply with its obligations in the merger agreement.
WASHINGTON (Reuters Breakingviews) - Elon Musk started a fire under Twitter when he offered to buy the social network for $44 billion in April. Even though he’s now walking away https://www.sec.gov/Archives/edgar/data/1418091/00011046
Tesla Chief Executive Officer Elon Musk said on Friday he was terminating his $44 billion deal for Twitter Inc, citing material breach of multiple provisions of the agreement.
What happened
Defying today's market downturn, shares of electric vehicle (EV) leader Tesla (NASDAQ: TSLA) are revving up in Friday afternoon trading, gaining a solid 3.6% as of 12:20 p.m. ET. And for a change, it's some good news out of China that is driving Tesla higher.
Elon Musk said on Friday he planned to "significantly" increase childcare benefits at his companies, including Tesla Inc, and that the details would be likely announced next month.
U.S. electric vehicle maker Tesla sold 78,906 Chinese-made vehicles in June, including 968 for export, the China Passenger Car Association (CPCA) said on Friday.
U.S. employers likely hired the fewest workers in 14 months in June, but the jobless rate probably remained near pre-pandemic lows, underscoring labor market tightness that could encourage the Federal Reserve to deliver another 75-basis-point interest rate increase later this month.
Samsung Electro-Mechanics said on Friday that it is in talks with Tesla Inc to possibly supply camera modules, but that it cannot reveal the deal size or amount at this time.
Wall Street benchmarks ended up on Thursday, with the S&P 500 and Nasdaq recording their fourth successive higher closes, as traders leaned in to U.S. equities after the Federal Reserve hinted at a more tempered program of interest rate hikes.
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