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Tesla's stock slide raises doubts about Elon Musk's Twitter purchase New York (CNN Business) Elon Musk's bold plan to buy Twitter depends partly on how his investment in Tesla is doing. Uh-oh. Shares of Tesla (TSLA) have plummeted about 20% since Musk first disclosed plans to buy all of Twitter and take it private.
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A perfect storm hits baby formula Business angles. Shutting down one single factory exacerbated pandemic-related supply chain issues and supercharged this nationwide shortage – even though only certain batches of Similac, Alimentum and EleCare powdered infant formulas were actually ...
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Fed Chair Jerome Powell is confirmed for a 2nd term. Inflation will be his focus Jerome Powell was confirmed Thursday to a second term as chair of the Federal Reserve, a powerful post from which he'll lead the central bank's challenging campaign to bring down inflation. The 80-19 Senate vote comes as the Fed is under intense ...
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Record number of polluters set CO2 emissions targets Big oil firms are relying on unproven technologies, a think tank said. 'Critical mass'. The Science-Based Targets Initiative advises firms on how to ...
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Not all recessions are the same. Here's what could happen to the economy and markets Recessions and recoveries come in shapes and sizes as varied as the alphabet. Perhaps that's why economists have come to name different kinds of economic downturns after letters. But predicting which letter will match the situation isn't quite as easy as ...
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Biden to speak with infant formula companies and announce steps to address shortage (CNN) President Joe Biden on Thursday will speak with companies that manufacture and sell baby formula as well as announce new actions to address supply shortages, a White House official said. "This afternoon, President Biden will speak with retailers ...
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Student Loan Relief Good For The Economy, Janet Yellen Says "Certainly, we will support anything that President Biden decides is policy, and he is in the process of thinking through how he wishes to approach student debt." Student loan ...
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Energy watchdog does a U-turn, saying world can withstand loss of Russian oil supply "Over time, steadily rising volumes from Middle East OPEC+ and the US along with a slowdown in demand growth is expected to fend off an acute supply deficit amid a worsening Russian supply disruption," the IEA said in its monthly oil report.
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Considering An Adjustable Rate Mortgage (ARM) When Rates Rise Interest rates are rising, and that's bad news for homebuyers. The national average rate on a 30-year fixed mortgage is now over 5%. After being in the 2% range for much of the Covid era, buyers are now facing a one-two punch: a red-hot housing market ...
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Biden admin defends solar probe, spurs industry outrage Commerce Secretary Gina Raimondo sought to justify her department's ongoing probe into new solar tariffs during a congressional hearing yesterday, prompting sharp attacks from renewable advocates. The Commerce preliminary probe, launched in March, ...
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