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The S&P 500 and the Nasdaq fell after the opening bell on Wednesday, after several policymakers made a case for faster interest rate hikes to tamp down inflation as a string of recent data continued to paint a dour picture for the economy. At 9:33 a.m. ET, the S&P 500 was down 9.67 points, or … Read More “US Stocks: Wall Street falls after open on rate hike woes” »
Wall Street’s main indexes rose over 1% on Friday as signs of slowing economic growth and falling commodity prices tempered expectations over how high the Federal Reserve will raise interest rates to rein in inflation. Global financial markets have been roiled this month on worries that rapid rate hikes by major central banks could cause … Read More “US Stocks: Wall Street rallies as traders dial back rate-hike bets” »
Wall Street’s main indexes rose on Thursday as investors turned to consumer staples and healthcare companies to mitigate their risks if the economy falls into recession. Following the largest interest rate hike by the Federal Reserve in nearly three decades, investors fear economic growth and corporate profits could come under pressure, with the Ukraine war … Read More “US Stocks: Defensive stocks lead Wall Street higher amid recession fears” »
Elon Musk’s SpaceX has hit back at Dish Network for its proposal to operate a high-powered 5G mobile service in the 12 Ghz band, saying it will make Starlink internet ‘unsuable for Americans.’ SpaceX filed a complaint with the Federal Communication Commission (FCC) on Tuesday, criticizing Dish for wanting to use part of the same … Read More “SpaceX’s Starlink will experience outages ‘74% of the time’ in US if 5G is launched” »
A long exposure was used to create this image) A SpaceX Falcon 9 rocket lifts off from launch complex 39A on May 6, 2022 in Cape Canaveral, Florida. Photo: Red Huber (Getty Images) Elon Musk’s Starlink satellite internet company is on a collision course with 5G. That’s what SpaceX wants you to think, anyway. In … Read More “SpaceX Says 5G Interference Could Make Starlink ‘Unusable’” »
Elon Musk called attention to the sticker shock American motorists currently face at the pump by sharing an old photo of a 7-Eleven sign displaying $7.11 per gallon gas prices. Musk, the CEO of the electric car maker Tesla, tweeted the photo Tuesday without a caption or further commentary. The image has also been widely … Read More “Elon Musk shares 7-Eleven gas price meme with $7.11 sign” »
On Tuesday, Elon Musk confirmed rumors that he’s going to slash 10 percent of Tesla’s salaried staff over the next three months, triggering a class action lawsuit from workers, who accuse the company of violating labor laws. Though the electric car company chief said that his overall workforce would only be slimmed by 3.5 percent … Read More “Elon Musk set to slash salaried staff at Tesla by 10% but will hire more hourly workers” »
Billionaire Elon Musk’s transgender daughter has petitioned a California court to change her name and gender, according to reports. Vivian, 18, who was born Xavier, announced her decision to change her gender and famous surname in order to lose any association with the Tesla and SpaceX founder. The official reason stated by Vivian in the petition, … Read More “Who is Xavier Musk, Elon Musk’s transgender child who wants to change name?” »
Twitter’s board of directors has unanimously recommended to shareholders that they approve Elon Musk’s $44 billion offer to take over the company. In a regulatory filing on Tuesday morning, Twitter’s board urged shareholders to approve the buyout at Musk’s proposed price of $54.20 per share during a special meeting later this year. Though Musk has … Read More “Twitter board unanimously recommends shareholders approve Elon Musk’s $44 billion takeover “ »
Twitter’s board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing Tuesday. Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting with Twitter employees, though shares of Twitter remain far below … Read More “Elon Musk’s $44 billion Twitter deal gets board endorsement” »
