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.
Stocks Rose for the Day
The Dow Jones Industrials Average rose 0.3%, Nasdaq rose 1.6% and the S&P 500 rose 0.6%.
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.
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.
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...
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...
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%.
Stocks Fell Hard Today on Inflation Concerns
The Dow Jones Industrials Average fell 2.8%, Nasdaq fell 2.5% and the S&P 500 fell 2.8% for the day on concerns surrounding inflation. Stocks fell...
Federal Reserve Chairman Signaled a Rate Increase At Next Month’s Meeting
Federal Reserve Chairman Jerome Powell has signaled that the central bank will probably raise interest rates next month by a half a percentage point at...
Stocks Slumped Today
The Dow Jones Industrials Average fell 1%, Nasdaq fell 2.1% and the S&P 500 fell 1.5%.
Florida Legislature Passed a Bill to End the Special Tax District of Walt Disney World
Tallahassee, FL: The Florida Legislature, at the behest of Florida Governor Ron DeSantis, passed a bill that will end the special tax district for Walt...
Carvana Posted a Loss for the First Quarter
Carvana posted a $260 million loss for the first quarter amid supply disruptions and a tighter ecomonic environment.
Tesla Stocks Rose in Premarket Trading
Tesla's shares rose 7% in premarket trading after the company announced their highest quarterly profit.
Tesla Posted Record Profits
Tesla posted record profits for the latest quarter, but showed there could be a bumpy road ahead for the company as inflation and supply problems...
Netflix Saw Their Stock Fall 35%
Netflix's stock fell 35%, a day after they reported a major loss in subscribers for the first quarter.
Stocks Were Mixed for the Day
The Dow Jones Industrials Average rose 0.7%, Nasdaq fell 1.2% and the S&P 500 was mostly flat for the day.