So much for Wednesday's bounce. The S&P 500 tumbled to bear market lows as Apple, Tesla and CarMax sold off. Nike plunged late on inventory woes.
‘At least it became clear that you can’t work together,’ Dorsey told Musk after a call, according to texts made public in court filings.
A trove of text messages released as part of the legal fight over Elon Musk’s effort to terminate his acquisition of Twitter has revealed frantic efforts to put the $44bn deal together with help from a cast of high-profile Silicon Valley backers. Hundreds of messages between Musk and his associates from early 2022 showed the billionaire entrepreneur had engaged with Twitter’s management and board, his advisers at Morgan Stanley, potential investors such as FTX chief executive Sam Bankman-Fried and random supporters of his bid, including podcast host Joe Rogan. Jack Dorsey, Twitter’s former chief executive, told Musk that he had previously tried to get him on to the company’s board in 2020, but was refused, the texts revealed.
Fans of Disney and Comcast's Universal theme parks always anxiously await the launch of the next new ride or attraction. New theme park rides guarantee to have long lines in the first months, and sometimes the first years, after their opening. Universal Orlando Resort started the ramp up of theme park attractions in 2010 when it introduced the popular Wizarding World of Harry Potter land at Islands of Adventure in 2010 and added similar lands to Universal Studios Orlando in 2014 and Universal Hollywood in 2016.
A development team led by Seth Rogen is working on a production that centers on a less well-known character with a nonetheless devoted following.
There's a good reason why transit agencies aren't Elon Musk's biggest fans
U.S. auto sales are seen holding up in the third quarter, as vehicle inventories slowly improve but new headwinds arise. General Motors, Ford, Stellantis, Toyota Motors and Honda Motor are among those teeing up to disclose September and Q3 sales.
It is one of the country's biggest grocers, and has seen earnings balloon. So is Kroger stock a buy right now?
The electric vehicle manufacturer is holding its Artificial Intelligence Day, or AI Day, on September 30.
Nike Inc. on Thursday reported earnings and sales that topped expectations, though margins took a hit during the quarter as freight costs, markdowns and the effects of a tougher foreign-exchange backdrop piled up.
Nike came out with quarterly earnings of $0.93 per share.
Delta Air Lines Inc., American Airlines and United Airlines — as well as smaller carriers such as Alaska Airlines and Hawaiian Airlines. Note: Click above to see the airlines with highest percentages of customer complaints. Airlines have a mixed bag of complaints, according to a new report from the U.S. Department of Transportation, which examined consumer complaints July of 2022.
Nike said inventories rose 44% to $9.7 billion in the latest quarter, and higher discounts and freight costs squeezed profit margins.
Elon Musk is one of the most influential personalities on social media. The billionaire CEO of Tesla has understood that it is on these platforms that trends are made today and opinions are formed. For a large section of consumers and people, social networks are even the main source of information.
Investors have fretted about whether the retailer can sustain growth amid a more challenging economic environment globally.
If the entire earnings season goes like this, it could be an ugly time for investors.
In the latest trading session, Twitter (TWTR) closed at $42.74, marking a -1.18% move from the previous day.
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Walmart stock recently slashed its profit outlook. It also launched Walmart+ as it attempts to take on Amazon. Is it a good buy right now?
The Nasdaq has fallen more than -9% in the month of September alone; the S&P is -25% from all-time highs posted in the first sessions of 2022.
The active leader touted its brand strength, but investors zeroed in concerns that flow out of the pandemic.
Spirit, months after agreeing to $3.8 billion sale to JetBlue, testifies in court that JetBlue’s tie-up with American Airlines harms competition.
Elon Musk has a knack for portraying himself as a hero in times of crisis. Today, theTesla Inc (NASDAQ: TSLA) CEO tweeted amid the ...
(Bloomberg) -- Former Twitter Inc. Chief Executive Officer Jack Dorsey tried to get Elon Musk onto the social network’s board of directors long before the current drama around whether Musk will buy the company. Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTrump Refuses to Delay Florida Deposition in Phone-Fraud Case Despite HurricaneStocks Plummet to 22-Month Low as Fed Hawks Circle: Markets