The stock market is very heavy, but carnage is widespread

Eight companies are responsible for nearly half of the stock market’s decline this year, and the pain doesn’t end there. Apple Inc., Microsoft Corp. Amazon. com Inc., Tesla Inc.. and the parent companies of Google and Facebook have grown so large in recent years that they make up 25% of the S&P 500 by 2022. … Read more

Elon Musk proves once again that the rules do not apply to him | CNN Business

New York CNN Business — How to regulate a worthy man over $200 billion who thinks he knows better than everyone else? The simple answer is: you don’t. Elon Musk once again proved he would do things his way, announcing on Friday that his $44 billion deal to buy Twitter was on hold. He shared … Read more

Elon Musk does not fear a recession

Elon Musk is in the news. He is everywhere. The CEO of premium electric vehicle maker Tesla (TSLA) – Get the Tesla Inc report somewhat reminiscent of former Republican President Donald Trump when the latter was in power. Like Trump, Twitter is Musk’s main communication channel. Like the property developer, the tech mogul seems to … Read more

Shares of Sea, owner of Shopee, rise 14% after higher-than-expected earnings

Shares of Southeast Asian e-commerce and gaming company Sea Group surged after its first-quarter revenue beat analysts’ expectations on Tuesday. Sea’s U.S.-listed shares rose 14% to close at $80.21 after the Singapore-based internet company reported earnings that beat analysts’ expectations in the first quarter of this year. Here’s how the NYSE-listed company fared from January … Read more

George Soros backs Rivian bet as Ford delivers bad news

Rivian (SHORE) – Get the Class A report from Rivian Automotive, Inc. was scared but the electric vehicle manufacturer made up for it well. The young manufacturer of electric SUVs and pick-ups has just cleared some of the many doubts hanging over its short-term future. The Irvine, Calif.-based company confirmed its production target of 25,000 … Read more

Elon Musk wants to know how many fake Twitter accounts he has, but experts say his approach is totally wrong

Tesla CEO Elon Musk sent Twitter shares plummeting on Friday when he said he would pause its $44 billion acquisition of the social network while he researches the proportion of fake accounts and spam on the platform. Although Musk later clarified that he remained committed to the deal, he continued to hammer home the issue … Read more

Bitcoin Tumbles, Stablecoin Plunges in Crazy Crypto Week

NEW YORK (AP) — It’s been a crazy week in crypto, even by crypto standards. Bitcoin plummeted, stablecoins were anything but stable, and one of the most prominent companies in the crypto industry lost a third of its market value. Here is a look at some major developments in cryptocurrencies this week: Bitcoin The price … Read more

Elon Musk says his deal to buy Twitter is on hold

“The Twitter agreement is temporarily suspended pending details supporting the calculation that spam/fake accounts actually represent less than 5% of users,” Musk said. tweeted Friday. The news initially caused Twitter shares to fall more than 20% in premarket trading before the stock rebounded somewhat. Two hours after his first tweet, Musk said he was “still … Read more

Elon Musk: Twitter deal ‘temporarily suspended’

LONDON (AP) — Elon Musk said on Friday that his plan to buy Twitter was “temporarily suspended” as he tried to determine the exact number of spam and fake accounts on the social media platform, another twist amid signs of turmoil over the proposed $44 billion acquisition. Musk expressed his desire to fix Twitter’s problem … Read more

Affirm stock soars 34% after earnings ‘end some lingering bearish themes’

Shares of Affirm Holdings Inc. surged in after-hours trading on Thursday after the buy-it-now pay-later company reported better revenue and sought to reassure investors of its positioning in a time of recession. slow-down. Turnover at Affirm AFRM, +23.31% rose to $354.8 million in the third fiscal quarter from $231 million a year earlier, when analysts … Read more