Elon Musk Got $7 Billion in Financing for His Twitter Takeover
Elon Musk got $7 billion from investors, including Sequoia and Oracle's Larry Ellison, to help finance his takeover of Twitter.
Federal Resere Raised the Benchmark Rate
The Federal Reserve announced that they had raised the benchmark rate by a half point. They also approved a plan to start shrinking their bond...
Airbnb Posted a Huge Revenue Increase in the Most Recent Quarter
Airbnb announced that their revenue increased 70% in the last quarter.
The EU Proposed a Total Ban on Russian Oil
The European Union has proposed a total ban of Russian oil within the next 6 months and refined oil by the end of the year....
Record Number of Workers Quit Their Jobs in March
A report came out saying that a record number of workers quit their jobs in March.
User Data from Grindr Users Have Been For Sale for Years
The user data from the gay dating site Grindr's users have been for sale for years/
Spirit Airlines Rejected Takeover Bid From JetBlue and Will Stick With a Merger Bid
Spirit Airlines have rejected a $3.6 billion takeover bid from JetBlue. Spirit Airlines said they would stick with the merger deal from Frontier Airlines.
Stocks Were Down for the Month
Stocks fell almost 9% for April. Nasdaq had their worst month since 2008, falling 13%. The S&P 500 had their worst month since March, 2020.
EU Countries to Approve an Oil Embargo Against Russia
As early as next week, European Union countries are leaning to prove a phased oil embargo against Russia oil.
Ford Recalled Over 250,000 Explorer SUVs
Detroit, MI: Ford Motor Company has recalled over 250,000 Explorer SUVs because the Expolorers can roll away while the SUVs are in park.
Elon Musk Sold About $8 Billion in Tesla Stock in the 3 Days After His Agreement to Purchase Twitter
Elon Musk sold around $8 billion worth of Tesla stock in the few days after he reached agreement to purchase Twitter for $44 billion.
United States Consumers Boosted Spending in March
United States consumer spending rose 1.1% in March because of higher prices and higher demand.
Iran Increasing Oil Exports to China
Iran is increasing oil exports to China as China decreases oil imports from Russia because of Russia's invasion of Ukraine.
Amazon Posted First Quarterly Loss Since 2015
Amazon posted their first quarterly loss since 2015. The likely cause are rising costs and their recent stake in the electric car company Rivian causing...
Stocks Had a Good Day
The Dow Jones Industrials Average rose 1.8%, Nasdaq rose 3.1% and S&P 500 rose 2.5%. Apple saw their stocks rise 3.9% and the Brent Crude...
White House Requested an Additional $33 Billion from Congress for Ukrainian Aid
Washington, DC: President Joe Biden has requested an additional $33 billion for Ukrainian aid from the United States Congress. The aid would help fund weapons...
The United States Economy Shrank at a 1.4% Annual Rate
In the first quarter, the United States economy has shrunk 1.4%. This is the econmy's first contraction since the pandemic began. Inventory shortages and international...
Meta Posts Slowest Revenue Growth Since IPO
Facebook's parent company Meta posted their slowest growth since their initial public offering was released.
Stocks Mostly Rose Upward
The Dow Jones Industrials and the S&P 500 both rose 0.2%, while the Nasdaq was mostly flat for the day. Comcast saw their stocks rise...
2 Executives from Archegos Capital Management Have Been Indicted for Multiple Charges
New York City, NY: 2 executives from Archegos Capital Management were indicted on multiple charges of racketeering, securities fraud and wire fraud. The executives are...
Mattel Talking to Firms About a Potential Sale
Private equity firms are having talks with Mattel about a potential sale of the toy company.
Stocks Were Down for the Day
The Dow Jones Industrials Average fell 2.4%, Nasdaq fell 4%, The S&P 500 fell 2.8%, Microsoft fell 3.7% and Tesla fell 12%.
Stocks Were Up for the Day
The Dow Jones Industrials Average rose 0.7%, Nasdaq rose 1.3% and the S&P 500 rose 0.6%.
Twitter Is Re-Examining Elon Musk’s Takeover Bid
Twitter is re-examining Elon Musk's takeover bid of $43 billion. This is a signal that they are more receptive of the original deal.
Gap’s Stock Plummeted
After they reported lower sales expections for the quarter, Gap saw their stock plummet 18%.