NEW YORK (Reuters Breakingviews) - Acquisitive companies are starting to get the deal jitters. Thoma Bravo has made good on promises to buy and sell dozens of companies since it was founded in 2008. Yet on Monday, the private equity firm said it
(RTTNews) - Billionaire entrepreneur Elon Musk is threatening to walk away from his $44 billion deal to acquire Twitter Inc. (TWTR) if the social media network fails to provide data on spam and fake accounts.
Technology stocks have turned narrowly lower, giving back their prior advance amid a Monday surge in US Treasury yields. At last look, the SPDR Technology Select Sector ETF (XLK) was slipping 0.1% and the Philadelphia Semiconductor Index was declining 0.3% this afternoon.
Elon Musk on Monday warned that he might walk away from his $44 billion offer to acquire Twitter Inc if the social media network failed to provide data on spam and fake accounts.
The S&P 500 and the Nasdaq rose on Monday, recovering some losses suffered last week as investors bought into heavyweights Apple and Amazon.com, while Twitter dropped after Elon Musk threatened to walk away from his $44 billion buyout deal.
What happened
Shares of Twitter (NYSE: TWTR) are down 3.4% at 11:25 a.m. ET Monday morning after Elon Musk said he believed the social media messaging platform breached its merger agreement by failing to provide the information he asked for on bots and spam.
He's the head of Tesla (NASDAQ: TSLA), the largest electric vehicle maker in the world, but Elon Musk has made headlines recently for a different reason. He's an avid user of short-form social media platform, Twitter (NYSE: TWTR), and in April he made a blockbuster bid of $54.20
What happened
Reports Friday that Tesla (NASDAQ: TSLA) CEO Elon Musk had a "super bad feeling" about the economy, and might be preparing to lay off as many as 10% of its 100,000-strong global workforce sent shares of the electric car giant -- and other electric car companies -- t
We take a break from economic reports this morning — the May CPI report comes out Friday, with expectations of +8.2% year over year price inflation — but see a few events happening among publicly traded companies to start a new week of trading. Pre-market futures are buoy
U.S. stock indexes on Monday regained some ground lost last week as investors bought into heavyweights Apple and Amazon.com, while Twitter dropped after Elon Musk threatened to walk away from his $44 billion buyout deal.
Monday, June 6, 2022We take a break from economic reports this morning — the May CPI report comes out Friday, with expectations of +8.2% year over year price inflation — but see a few events happening among publicly traded companies to start a new week of trading. Pre-mar
There's no question the $4 trillion energy sector has been home to the best performing stocks on the market recently. Over the past year, energy stocks have gained 72% on average while the next closest sector, utilities, rose less than 15%. In comparison, the broad market S&P
Shares of Tesla, Inc. TSLA plummeted 9.2% after its CEO Elon Musk asked company executives to “pause all global hiring” and ordered a 10% cut in overall employee headcount.RH’s RH shares gained 0.9% after the company reported first-quarter fiscal 2022 earnings of $7.78 pe
Elon Musk warned he may walk away from his $44 billion deal to acquire Twitter Inc if the social media network fails to provide data on spam and fake accounts, the billionaire said in a letter to the company on Monday.
If you are new to investing, you may find market corrections scary. However, these can be perfect opportunities to buy stocks that otherwise look expensive. As of this writing, the Nasdaq Composite Index has corrected roughly 21% this year.
Elon Musk has asked Twitter Inc for data and information on spam and fake accounts in order to complete his $44 billion acquisition of the social media network, the billionaire said in a letter to the company on Monday.
Wall Street was set to open higher on Monday after a drop last week, with U.S.-listed shares of Chinese technology companies rallying on optimism around easing regulatory crackdowns and relaxing COVID-19 curbs in the world's second-largest economy.
Market corrections offer great opportunities to buy top stocks at bargain prices. Yet investors need to do their research, as not all stocks that have fallen are buys. There are genuine concerns behind the steep fall of some stocks.
Wall Street futures bounced on Monday, with U.S.-listed shares of Chinese technology companies leading the gains on optimism around easing regulatory crackdowns and relaxing COVID-19 curbs in the world's second-largest economy.
U.S. stock index futures bounced on Monday, as a report of Beijing regulators concluding a year-long probe into Didi Global added to optimism about easing COVID-19 curbs in the country, lifting shares of other NY-listed China stocks.