Month: April 2022
Elon Musk deletes tweets critical of Twitter after weekend barrage
Maja Hitij | Getty Images News | Getty Images Elon Musk went on a tweetstorm over the weekend, lobbing numerous critiques of Twitter. But the Tesla and SpaceX CEO appears to have deleted several of his spiciest takes, as he’s dropped his plan to join the social media company’s board. Musk’s tweets included suggestions on […]
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‘Wyndham is a top pick for us in lodging,’ says Loop Capital’s Daniel Adam, here’s why
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Daniel Adam, Loop Capital senior analyst, joins ‘Power Lunch’ to discuss his thoughts on travel booking companies like Airbnb, Wyndham Hotels and more. Source
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White House says it expects inflation to be ‘extraordinarily elevated’ in new report
White House press secretary Jen Psaki answers questions during the daily briefing on March 09, 2022 in Washington, DC. Psaki answered a range of questions related primarily to Russia’s invasion of Ukraine. Win Mcnamee | Getty Images WASHINGTON — The Biden administration is bracing for Tuesday’s key consumer inflation report to show that the prices […]
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Goldman’s ways to play deglobalization, onshoring trend fueled by pandemic and Ukraine war
Goldman Sachs strategists say companies that are reducing their global exposure or benefit from onshoring are outperforming so far this year. Source
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Warner Bros Discovery’s David Zaslav has charmed the Hollywood elite — now he’ll have to show he can manage them, too
Discovery Communications CEO David Zaslav CNBC Hollywood is about to get a jolt of emotional intelligence. David Zaslav, longtime chief executive officer of Discovery, is now officially CEO of Warner Bros. Discovery — the culmination of a merger announced last May. The newly combined company began trading on the Nasdaq on Monday using its new […]
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Stocks making the biggest moves midday: AT&T, Nvidia, Sailpoint Technologies and more
A pedestrian walks in front of an AT&T location in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Monday: AT&T — Shares of AT&T jumped more than 7% after the telecom giant announced that it closed its transaction with Discovery to spin off its WarnerMedia business. The combined […]
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Musk backing off Twitter board opens door to hostile takeover
Elon Musk pauses and looks down as he speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Jim Watson | AFP | Getty Images Billionaire Elon Musk’s reversal of his decision to join Twitter’s board opens the door to a hostile takeover and could […]
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Fanatics wants to be a $100 billion company – here’s how it plans to get there
Michael Rubin arrives at the 2019 Fanatics Super Bowl Party on Saturday, Feb. 2, 2019, in Atlanta. Paul R. Giunta | Invision | AP Sports e-commerce company Fanatics is growing quickly, but it’s still nowhere near where it aims to be. Recently, the company said, it reached a $27 billion valuation and it wants to […]
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Oil drops, Brent crude falls below $100 as China lockdowns spark demand fears
Oil pumping rigs are situated next to a vineyard of table grapes as viewed on July 8, 2021, north of Bakersfield, California. George Rose | Getty Images Oil prices slid Monday, accelerating two straight weeks of declines as lockdowns in China sparked demand fears. International benchmark Brent crude declined 3.9%, or $4.02, to trade at […]
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Sony and the Lego family bet big on the ‘metaverse’ with $2 billion investment in Epic Games
The Epic Games logo displayed on a smartphone. Sopa Images | Lightrocket | Getty Images Fortnite creator Epic Games has raised $2 billion in funding from Sony and the Lego family, in a massive deal highlighting the excitement from big businesses about the so-called “metaverse.” Sony will inject $1 billion in the company, Epic announced […]
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