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“Elon Musk vows not to sell Tesla stock for another two years” Tesla Chief Executive Officer Elon Musk said Thursday he will not sell any more Tesla stock for another two years. While speaking in a Twitter Spaces audio chat, Musk said he foresees the economy will be in a “serious recession” in 2023 and consumer demand will be lower. Shares…
“AMC Entertainment shares tank after unveiling $110M plan” Meme-stock darling AMC Entertainment saw its share price nosedive Thursday after the world’s largest movie theater chain announced plans to raise $110 million in new capital and proposed a reverse stock split. AMC shares plunged nearly 15% in midmorning trading as the stock hit a new 52-week low…
“Elon Musk’s team seeks new investors for Twitter: report” The managing director of Elon Musk’s family office is seeking new equity investors for Twitter, news platform Semafor reported on Friday, citing two people familiar with the fundraising effort. Musk’s money manager, Jared Birchall, reached out to potential investors this week, offering shares of Twitter at…
“Elon Musk sells 22 million shares of Tesla stock in 3 days” Tesla boss Elon Musk disclosed another $3.6 billion in stock sales on Wednesday, taking his total near $40 billion this year and frustrating investors as the company’s shares wallow at two-year lows. A securities filing showed he unloaded 22 million shares in the world’s most valuable…
“Dow tumbles more than 700 points on angst over hawkish Fed” Wall Street’s main stock indexes slid more than 2% on Thursday as the Federal Reserve’s guidance to stick to protracted policy tightening quelled hopes of the rate-hike cycle ending anytime soon. The Dow Jones Industrial Average tumbled 727 points, or 2.1%, at 33,238, the S&P 500 was down…
” Here is why Bitcoin price gave back all its intraday gains “ On Dec. 14, Bitcoin (BTC) price hit a 1-month high and saw a brief resurgence in bullish momentum, but the Federal Reserve’s Federal Open Market Committee (FOMC) hawkish report and comments from Fed chair Jerome Powell sent BTC to an intraday low…
“Elon Musk ‘fanboy,’ Tesla investors furious as shares hit two-year low” Tesla shares extended declines to hit their lowest level in more than two years on Wednesday, as investors in the electric car company — including a “fanboy” of CEO Elon Musk — lashed out at the billionaire for being distracted following his Twitter takeover. Shares…
“The inflation tide has turned — no thanks to the Fed” Abundant emerging signs show that the inflation war is won — no thanks to the Fed. The Federal Reserve rate-hike fixation will run wild on Wednesday, with tongues wagging over what they do and say. That likely stokes short-term volatility — up, down or…
“US stocks could fall in severe recession: Nouriel Roubini” US stocks will have much further to fall if the economy careens into a severe recession next year, according to a prominent economist known as “Dr. Doom.” Nouriel Roubini, a New York University professor emeritus known for his pessimistic economic predictions, warned the S&P 500 could…
“Dow plunges as economic data adds to Fed rate-hike fears” US stocks plunged in trading Monday as some better-than-expected economic data sparked fresh anxiety among investors about Federal Reserve interest rate hikes. The Dow Jones Industrial Average was down 524 points, or 1.52%, in late afternoon trading. The tech-heavy Nasdaq fell 260 points, or 2.27%,…