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Musk Says His Twitter Takeover Is 'On Hold,' Then Says He's 'Still Committed' Already one of the most unusual corporate takeover attempts in modern business, Elon Musk's $44 billion bid to buy Twitter got a little weirder on Friday. First, in a pre-dawn tweet, Mr. Musk said the deal was on hold. He said he wanted more details ...
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Nasdaq pops 3%, Dow jumps 400 points in comeback rally following steep losses earlier in the week Stocks jumped Friday, as investors looked to steer the S&P 500 away from official bear market territory and bounce back from a week of sharp losses. The Dow Jones Industrial Average rose 330 points, or 1%, after being up as much as 545 points as it ...
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Biden's other gas price quagmire While voters' focus on the rising prices at the pump has given Republicans a cudgel to attack President Joe Biden for what they contend are anti-oil policies, the dynamics around natural gas are more nuanced: Output of the fuel reached a record last year ...
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Baby Formula Shortage Worsened By Bots Snapping Up Inventory W hen Kevin Kara started hearing about the baby formula shortage, he realized he had an advantage over most parents. At his disposal was a computer bot which scours the internet to find the rarest of gems: in this case, a retailer who just put baby ...
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These families buy about half of infant formula nationwide. Here's how the Biden administration is trying to help them The US Department of Agriculture on Friday outlined the steps it has already taken to help low-income families, mainly by providing waivers to states to give parents using WIC benefits a wider array of options – if they can find other brands on the shelves ...
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Elon Musk says he's put the blockbuster Twitter deal on pause over fake accounts Elon Musk said he's putting his $44 billion takeover of Twitter "temporarily on hold," saying that he wants more details about how many of the social platform's accounts are bogus or spam. The Tesla and SpaceX mogul said he needs to make sure the fake ...
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Robinhood soars after 30-year old crypto billionaire takes stake Shares of Robinhood surged more than 25% Friday after an investment firm run by 30-year-old crypto billionaire Sam Bankman-Fried disclosed in a Securities and Exchange Commission filing that it has bought a 7.6% stake in the company.
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Stocks Rally, but Still Mark Their 6th Straight Losing Week The upbeat finish still left the indexes with weekly losses of more than 2.4% each, extending the string of weekly declines to six weeks for the S&P 500 and Nasdaq, while the Dow registered its seventh straight weekly drop.
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Apple Stock Has Broken Down. That's Bad for the Market. Its current price—$142.56 a share—is, of course, bad for the technology behemoth. After Wednesday's trading, Apple (ticker: AAPL) lost its No. 1 ranking as the world's most valuable company to Saudi Aramco (2222.SA), the energy giant backed by Saudi Arabia ...
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Stocks Rebound, Taking A Breather From Selloff—But Markets Are Down For The Sixth Week In A Row Stocks widely rebounded, paring back some of the heavy losses from earlier in the week: The Dow Jones Industrial Average rose 1.5%, nearly 500 points, while the S&P 500 jumped 2.4% and the tech-heavy Nasdaq Composite 3.8%.
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