According to an SEC filing, Musk has offered to buy all of Twitter he doesn’t own for $54.20 per share, valuing the company at $41.4 billion. That represents a 38% premium from the close on April 1, the last day of trading before Musk announced that he had become Twitter’s largest shareholder, and an 18% …
America’s favorite silver-haired banker says more volatility is on the way. Why it matters: As head of the country’s largest bank by assets, JPMorgan CEO Jamie Dimon is in a prime position to spot emerging economic developments. Driving the news: The Fair Bank reported lower-than-expected profits, partly due to losses related to the Ukraine war. …
The goblin is serious. Why it matters: The richest man alive – someone formerly compared to Marvel’s Iron Man – is increasingly behaving like a movie supervillain who has seemingly unlimited resources with which to fund his mischief. The big picture: Elon Musk has decided he wants to take Twitter private for $54.20 per share, …
JP Morgan Chase’s new headquarters at 270 Park Avenue will accommodate 14,000 employees. It is currently under construction.DBOX / Foster + Partners The shy Park Avenue behemoth – aka the new headquarters of JP Morgan Chase – has finally come out of hiding. The financial giant on Thursday unveiled the long-secret design of its new …
JP Morgan Chase unveils its new Park Avenue headquarters tower Read More »
Customers pushing shopping carts shop at a supermarket on April 12, 2022 in San Mateo County, California. Liu Guanguan | China news service | Getty Images Consumers continued to spend in March even as inflation rose to its highest level since late 1981, according to government data released on Thursday. Retail sales rose 0.5% from …
Retail sales rose 0.5% in March amid jump in inflation; Import prices hit 11-year high Read More »
The Dow Jones Industrial Average rallied on Thursday after jobless claims and retail sales came in slightly below expectations. Goldman Sachs and Apple chipmaker Taiwan Semi both reported gains ahead of the open. And Twitter stock soared more than 5% before slicing gains after Tesla CEO Elon Musk offered to buy the company. X Dow …
Dow Jones rallies; Twitter stock soars on Elon Musk’s takeover bid Read More »
Taiwan semiconductor manufacturing (TSM), the world’s leading chip foundry, beat expectations for the first quarter and traded higher for the current period on Thursday. TSM shares rose in early trade. X The company, better known as TSMC, earned $1.40 per U.S. share on sales of $17.57 billion in the March quarter. According to FactSet, analysts …
TSM Stock: Taiwan Semiconductor Exceeds Q1 Targets Read More »
Check out the companies making headlines before the bell: Twitter (TWTR) – Twitter is up 8.2% in premarket trade after Elon Musk, CEO of Tesla (TSLA) – currently Twitter’s largest shareholder – offered to take the company private for $54.20 per share in cash. The proposed deal would value Twitter at more than $43 billion. …
A broker looks at a graph on his computer screen at ICAP’s trading floor in London, Britain January 3, 2018. REUTERS/Simon Dawson Euro STOXX 600 extends gains The euro turns negative, bond yields fall The ECB is sticking to its monetary policy course Press conference due at 1230 GMT Elon Musk is offering to buy …
Stocks rise, euro falls after ECB confirms bond purchases for end of third quarter Read More »
Breaking News Amazon CEO Andy Jassy hands over the first letter to shareholders After acquiring Amazon founder Jeff Bezos, Andy Jassy lays out priorities for the retail giant going forward, including acquisitions, hiring and when underperforming companies should exit. READ HERE: Breaking News Elon Musk is offering to buy Twitter and take it private symbol …
Twitter stock soars, Goldman Sachs and Wells Fargo results: LIVE UPDATES Read More »
