Month: April 2022
JPMorgan predicts iPhone revenue to fall short when Apple reports later this week
JPMorgan warns of a miss on iPhone revenue and slowing growth overall but maintains its overweight rating on Apple. Source
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Twitter accepts Elon Musk’s buyout deal
Twitter’s board has accepted an offer from billionaire Elon Musk to buy the social media company and take it private, the company announced Monday. The cash deal at $54.20 per share is valued around $44 billion, according to the press release. Twitter will become a private company once the deal is complete. The announcement ends […]
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Powerball’s next jackpot is $421 million. Here’s how much winners have hauled in over the years
Saul Loeb | AFP | Getty Images There’s a chance — a tiny one — that a Powerball player will manage to turn $2 into $421 million on Monday night. That’s the jackpot amount heading into the week’s first drawing, which comes on the heels of 29 pulls — three weekly — with no one […]
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Morgan Stanley thinks the S&P 500 is headed for a bear market and offers few places to hide
The S&P 500 looks ready to slide by 20%, according to Morgan Stanley Source
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Stock tied to Donald Trump’s social media venture falls after Twitter said to be nearing a deal with Musk
The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. Dado Ruvic | Reuters Shares of Digital World Acquisition Corp., the blank-check company poised to take Donald Trump’s media venture public, fell in volatile trading on Monday […]
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Stocks making the biggest moves midday: Twitter, AMD, Deere, Verizon and more
The Twitter logo is displayed on a smartphone screen on April 14, 2021. NurPhoto | NurPhoto | Getty Images Check out the companies making headlines in midday trading. Twitter — Shares of the social media company rose 4% on news that it may want to finalize a takeover deal with Tesla founder Elon Musk ahead […]
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SpaceX returns private Ax-1 astronaut crew to Earth after extended space station stay
Crew Dragon capsule Endeavour splashes down in the Atlantic Ocean with the Axiom Space Ax-1 crew on April 25, 2022. SpaceX SpaceX safely returned its Crew Dragon spacecraft from orbit on Monday, carrying the private crew of Axiom Space’s Ax-1 mission back from the International Space Station. Crew Dragon capsule Endeavour splashed down off the […]
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New York judge holds Donald Trump in contempt for failing to comply with subpoena for business documents
Former US President Donald Trump holds a rally sponsored by Save America with Ted Budd, Madison Cawthorn, Bo Hines, Dan Bishop, Mark Robinson and Greg Murphy in Selma, NC, on April 9, 2022. Peter Zay | Anadolu Agency | Getty Images A New York judge held former President Donald Trump in contempt of court on […]
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Ford beefs up F-150 Lightning production in a forceful bid to dominate the electric pickup market
A Ford F-150 Lightning on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC DETROIT – Ford Motor is set to be the first automaker to bring a mainstream, full-size electric pickup to the U.S. market, poised to capitalize on a first-mover advantage in what’s expected to be a hotly […]
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Facebook is opening its first showroom to sell VR headsets
Meta, formerly known as Facebook, is opening its first retail location in an effort to sell people its Oculus virtual reality headsets and its idea of the “metaverse,” the company announced Monday. But it’s not a huge step into retail. Unlike Apple and other tech companies that have stores in heavy foot-traffic areas like shopping […]
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