Text size Traders working at the New York Stock Exchange (Photo courtesy of NYSE) The Dow Jones Industrial Average surged nearly 500 points as investors hope that inflation has peaked. In midday trading, the Dow has risen 494 points, or 1.5%. The S&P 500 was up 2% and the Nasdaq Composite has gained 2.7%. The … Read more
Text size Roblox stock falls in premarket trading Wednesday. Courtesy of Roblox Stock futures rose Wednesday ahead of US inflation data that could present traders with a clearer view on how the Federal Reserve will respond to rising inflation. S&P 500 futures and Dow Jones Industrial Average futures each were up 0.2%. Futures for the … Read more
The judge who will decide whether Elon Musk should have to buy Twitter Inc. has a record of quickly deciding urgent cases over imperiled corporate deals and has ordered buyers to close deals they wanted to ditch. Chancellor Kathaleen McCormick, a 42-year-old who loves Notre Dame football and co-founded a charter school that her children … Read more
Elon Musk accused Twitter of fraud, saying the company misrepresented the condition of its business and key metrics about the users on its platform before he agreed in April to acquire the company for $44 billion. Mr. Musk said in a countersuit made public Thursday that he decided to terminate the merger agreement after learning … Read more
DOVER, Del. — Elon Musk’s answer to Twitter’s lawsuit over his attempt to back out of a $44 billion deal to buy the social media company will be made public by Friday evening at the latest, a judge ruled Wednesday. Attorneys for Musk wanted to file a public version of their answer and counterclaims in … Read more
Market Mayhem Triggers Deal-Making DroughtThe Wall Street Journal
Updated July 29, 2022 6:29 pm ET List two articles (1 minute) Elon Musk formally responded to Twitter lawsuit seeking to force him to go through with his $44 billion takeover of the social-media platform and included counterclaims against the company. The filing Friday was made confidentially and is not viewable by the public. It … Read more
Twitter Inc. put its large San Francisco office footprint on review for downsizing on Wednesday, and has nixed the opening of an office in Oakland, Calif., a person with direct knowledge of the matter said. The move clouds the future of the social-media site’s stylish San Francisco headquarters, a 1.1 million-square-foot trophy office complex at … Read more
Google parent Alphabet is expected to report the slowest quarterly sales growth in two years, as macroeconomic pressures weigh on the market for digital ads. The company, which has a dominant share in the markets for internet search, navigation and video streaming, is considered a bellwether for the strength of online advertising. Any slowdown, on … Read more
Tesla is scheduled for court-ordered settlement talks in a shareholder lawsuit over Chief Executive Officer Elon Musk’s 2018 tweets suggesting he had funding to take the company private. In a court filing Friday, a federal judge ordered the settlement conference via Zoom on Oct. 3, adding to an already busy month for Mr. Musk. He … Read more