Tech companies racked up over $17 billion in losses on equity investments in the first quarter
Amazon, Uber, Alphabet and Shopify each recorded losses of over $1 billion in the first quarter from their investments in other tech companies.
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Elon Musk expected to serve as temporary Twitter CEO after deal closes
Elon Musk is expected to serve as a temporary Twitter CEO for a few months after he completes his takeover of the company, sources told CNBC's David Faber.
Tech sell-off pushes Nasdaq to steepest drop since June 2020
E-commerce and cloud stocks led the decline in technology, which was hit particularly hard after the Federal Reserve raised its benchmark interest rate.
DoorDash rises after reporting 35% sales growth
DoorDash reported a significantly slower rate of revenue growth than it did in the same quarter in 2021, when net sales nearly tripled.
Sweetgreen losses widen despite 67% jump in quarterly sales
Sweetgreen sales jumped 67%, fueled by more customer transactions and menu price hikes.
Defamation lawsuit over Trump rape claim by writer E. Jean Carroll set to resume discovery, lawyers say
Ex-President Donald Trump is accused in a lawsuit of defaming writer E. Jean Carroll after she said he raped her in a New York store in the 1990s.
F1 CEO sees 'great opportunity' in TV rights talks with ESPN deal due to expire
The racing league's current deal with ESPN expires at the end of 2022.
'Unretirement' is becoming a hot new trend in the sizzling U.S. labor market
The level of workers who retired then came back a year later is running around 3.2%, just about where it was before the pandemic.
Union leader slams Amazon's labor practices at Senate hearing
The hearing examined whether Amazon and other companies should be barred from receiving federal contracts if they engage in anti-union activities.
10-year Treasury yield surges as high as 3.1%, hitting highest level since 2018
10-year Treasury yield jumped back above 3% after sliding on Wednesday.
Shopify stock sinks 15% after earnings miss, $2.1 billion acquisition of logistics start-up
Shopify announced it would buy Deliverr, which provides fulfillment services for online merchants, for $2.1 billion, the largest acquisition in its history.
Worker output fell 7.5% in the first quarter, the biggest decline since 1947
Worker productivity fell to start 2022 at its fastest pace in nearly 75 years while labor costs soared.
GOP Rep. Cawthorn calls leaked nude video 'blackmail,' says he was just 'being crass with a friend'
Cawthorn in a tweet called the video "blackmail" and said it showed him "being crass with a friend" years ago.
Dead priest's niece sues Catholic University, auction house to block sale of Judy Garland 'Wizard of Oz' dress
The niece of a long-dead priest is suing to block the sale of one of Judy Garland's iconic "Wizard of Oz" frocks that was missing for decades.
Regulators propose first major revamp to fair housing rules since 1995
The changes would tailor the Community Reinvestment Act's approach to making sure banks are not engaging in "redlining."
Bill Gates questions Elon Musk's goals with Twitter: 'He could make it worse'
Bill Gates has warned that Elon Musk could make Twitter worse after the Tesla CEO pledged to buy the social media firm for $44 billion.
Tesla bull Ron Baron says Musk got an 'incredibly cheap' deal on Twitter
Baron's firm committed $100 million in equity to support Musk's takeover plans, a new filing revealed Thursday.
SpaceX adds $25 monthly fee for users to temporarily change Starlink locations
Elon Musk's SpaceX rolled out a new $25 a month fee for its Starlink internet service called "portability," adding flexibility at a cost for users.
New York City could bring back Covid mask mandate, vaccine checks if hospitals come under pressure
Health Commissioner Ashwin Vasan said the city could reinstate mask mandates and vaccine checks if hospitalizations overwhelm the health system.
Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation
Wednesday's rate hike will push the federal funds rate to a range of 0.75%-1%.
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