In call with Twitter staff, Elon Musk muses on space aliens, company’s future

In call with Twitter staff, Elon Musk muses on space aliens, company's future

June 16 (Reuters) – Elon Musk addressed Twitter (TWTR.N) employees for the first time on Thursday, expressing his view that Twitter would need to cut its headcount, but offering few other new details about his $44 billion planned takeover of the social media company. Musk appeared via video call 10 minutes late to what turned … Read more

Wall Street rallies to close higher after Fed statement

Wall Street rallies to close higher after Fed statement

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 13, 2022. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register Fed announces biggest rate hike since 1994 Powell: does not expect 75 bps to be the norm S&P 500 snaps five-session losing streak … Read more

Cryptoverse: The funds making money from messy markets

Cryptoverse: The funds making money from messy markets

June 14 (Reuters) – The crypto market’s a hot mess, leaving many investors struggling to turn a buck. Enter the arbitrators. Bitcoin and other cryptocurrencies have either been shackled to ranges or in decline since January, leaving your regular buy-and-hold investor with little option but to sell or to wait for the elusive rally. One … Read more

Tesla to seek investor approval for 3-for-1 stock split

Tesla to seek investor approval for 3-for-1 stock split

The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. REUTERS/Tyrone Siu Register now for FREE unlimited access to Reuters.com Register June 10 (Reuters) – Electric vehicle maker Tesla Inc (TSLA.O) on Friday proposed a three-to-one stock split, making its shares more affordable following recent sell-offs of the most valuable automaker. The company … Read more

Wall St suffers biggest weekly loss since January after hot CPI data

Wall St suffers biggest weekly loss since January after hot CPI data

Consumer price index rose to 1% in May from 0.3% in April Netflix falls after Goldman Sachs downgrades to ‘sell’ Indexes: Dow down 2.7%, S&P 500 down 2.9%, Nasdaq down 3.5% NEW YORK, June 10 (Reuters) – US stocks posted their biggest weekly percentage declines since January and ended sharply lower on the day Friday … Read more

Wall Street falls with US Treasury yields above 3%

Wall Street falls with US Treasury yields above 3%

Chip stocks tumble after Citi sounds alarm on Intel Investors cautious ahead of CPI data on Friday Indexes: Dow down 0.8%, S&P 500 down 1.1%, Nasdaq down 0.7% NEW YORK, June 8 (Reuters) – US stocks fell on Wednesday as Treasury yields rose above the psychologically important 3% level and oil prices jumped, fanning worries … Read more

Musk threatens to drop Twitter deal if fake-account data not provided

Musk threatens to drop Twitter deal if fake-account data not provided

June 6 (Reuters) – Elon Musk on Monday warned that he might walk away from his $44 billion offer to acquire Twitter Inc (TWTR.N) if the social media network failed to provide data on spam and fake accounts. In a letter to Twitter, the billionaire reiterated his request for details on bot accounts and said … Read more

Facebook-owner Meta Platforms’ Sheryl Sandberg to leave after 14 years

Facebook-owner Meta Platforms' Sheryl Sandberg to leave after 14 years

June 1 (Reuters) – Meta Platforms Inc (FB.O) Chief Operating Officer Sheryl Sandberg, whose close partnership with Chief Executive Officer Mark Zuckerberg powered the growth of the world’s biggest social network, is leaving the company after 14 years, she said in a Facebook post on Wednesday. The announcement initially sent the social media firm’s shares … Read more

Blame game in France after ‘chaotic’ Champions League final

Blame game in France after 'chaotic' Champions League final

PARIS, May 29 (Reuters) – Chaotic scenes at the French national stadium before and during Saturday night’s Champions League final were branded a national embarrassment, while French ministers blamed Liverpool fans for the trouble. The final between Liverpool and Real Madrid kicked off with a 35-minute delay after police tried to hold back people attempting … Read more

Alibaba shelves guidance due to COVID risks; resilient Q4 lifts stock

Alibaba shelves guidance due to COVID risks;  resilient Q4 lifts stock

The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter Register now for FREE unlimited access to Reuters.com Register Q4 adjusted profit 7.95 yuan/share vs estimate 7.31 yuan/share Q4 revenue up 9% to 204.05 bln yuan vs estimate 199.25 bln yuan Analysts say Q4 was more resilient … Read more