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.
Elon Musk is offering to buy Twitter and take it private
Tesla CEO Elon Musk offered to buy Twitter for $54.20 per share and take the social media company private.
Musk said in a filing with the Securities and Exchange Commission that this was his “best and final offer” and that if it were not accepted, he would have to reconsider his position as a shareholder.
Read the full story: Elon Musk offers to buy Twitter and take it private
Stock futures are trading cautiously ahead of bank earnings and economic data
US stock futures traded mixed Thursday morning ahead of a series of earnings reports from banks. First quarter results are due from Citigroup, Wells Fargo, Morgan Stanley and Dow member Goldman Sachs. Continue reading
Oil performs, Crude is trading around $102 a barrel
Oil futures traded lower Thursday morning as traders weighed a larger-than-expected rise in US oil inventories against a tightening in global supply. Continue reading
Bitcoin trades above $40,000, breaks two-day slide
Bitcoin traded above $40,000 after a day of gains after ending a two-day losing streak and trading lower for eight of the last nine days. Continue reading
Gold set for weekly profit
Gold was lower on Thursday, but prices are headed for a second consecutive weekly gain. The Ukraine crisis and rising inflationary pressures increased the metal’s appeal. US gold futures were at $1,987. The metal is up about 1.7% on the week so far, according to Reuters. The markets remain closed on Good Friday.
Gas prices continue to slide
The average price of a gallon of gasoline in the US fell to $4,074 on Thursday, according to the latest figures from AAA. Wednesday’s price was $4,083. The previous record high was $4.33 and was set on Friday March 11, 2022.