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The flawed math behind Elon Musk's Twitter deal A cocky, publicity-seeking libertarian billionaire bets virtually all of his stock in his overvalued electric car company to finance a highly leveraged, $44 billion hostile takeover of an overvalued, money-losing social media platform, on which he ...
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Australia's AGL Energy backs company split, resists billionaire's move MELBOURNE, May 3 (Reuters) - AGL Energy (AGL.AX) on Tuesday stood by its plan to split into two companies a day after tech billionaire and climate activist Mike Cannon-Brookes swooped on an 11.28% stake in Australia's biggest power producer with the ...
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The S&P is having its worst start to a year since 1939 But it has clearly been an abysmal first third of the year for investors from any reference point. The Dow was down 9% through April and the tech-heavy Nasdaq plummeted 21%. The selling continued on the first trading day of May. The Dow was off about 450 ...
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Bitcoin in your 401(k)? Financial advisors say to be careful Sign up for the Fortune Features email list so you don't miss our biggest features, exclusive interviews, and investigations. alt hed: Fidelity will soon let 401(k) plan participants invest in Bitcoin. Financial advisors say to be careful.
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Wall Street falls in volatile trading as focus turns to Fed meet Register now for FREE unlimited access to Reuters.com · Activision up after Berkshire Hathaway reveals 9.5% stake · Spirit Airlines slumps as board rejects JetBlue takeover offer · Indexes down: Dow 0.45%, S&P 500 0.46%, Nasdaq 0.08%.
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Amazon defeats New York union drive led by grassroots organization behind last month's win (CNN) The grassroots labor union that made history last month when it formed the first union at an Amazon warehouse in the United States has lost a union election at a much smaller facility just across the street. The election, held last week at the ...
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Stocks Could Plunge Another 15% After Fed-Spurred Selloff—Will The Economy Fall Into Recession? Fresh off the stock market's worst quarter since the Covid-induced downturn two years ago, many experts still aren't convinced a recession is in the cards this year, but some are warning the risks could keep rising through next year as the Federal ...
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Federal Reserve poised to fight inflation with fastest rate hikes in decades After its latest rate-setting meeting ends Wednesday, the Fed will almost certainly announce that it's raising its benchmark short-term interest rate by a half-percentage point — the sharpest rate hike since 2000.
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Biden kicks off $3 billion plan to boost battery production for electric vehicles The funding will support grants aimed at building, retooling or expanding manufacturing of batteries and battery components, as well as establishing battery recycling facilities. The grants will be funded through President Joe Biden's $1 trillion ...
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Gold prices slide 2% as yields, dollar gain ahead of Fed meet Gold prices fell more than 2% to a near three-month low on Monday as increased prospects of faster rate hikes by the Federal Reserve lifted U.S. Treasury yields and the dollar. Spot gold fell 1.7% to $1,863.31 per ounce by 10:43 a.m. EDT (1443 GMT), ...
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