Tesla (TSLA) CEO Elon Musk took the witness stand on Friday to defend his 2018 Twitter posts against a group of Tesla shareholders. The shareholders hope to persuade jurors that the posts — specifically the one where Musk tweeted “funding secured” to take Tesla private — were false and therefore violated securities laws. “The tweets are truthful — just simply short,” Musk said on the stand Friday in response to the shareholders’ lawyer who questioned whether Twitter’s character… Source link
Read More »Florida ban on African American studies course is ‘incomprehensible’
WASHINGTON — Florida’s ban on teaching an advanced placement course on African American history is “incomprehensible,” White House press secretary Karine Jean-Pierre said on Friday, in the latest dispute between the Biden administration and Florida Gov. Ron DeSantis, a likely presidential nominee who has energized conservatives with his eagerness to engage in the culture wars. Jean-Pierre’s statement comes a day after the public release of a letter Florida’s education department… Source link
Read More »Companies ‘cautiously slowing down’ amid uncertainty
One executive with a pulse on global companies says they’re displaying more cautiousness when it comes to investing. “A lot of companies that I’ve been meeting with are slowing down their investments,” S&P Global (SPGI) chief executive officer Doug Peterson told Yahoo Finance at the World Economic Forum in Davos, Switzerland, this year. BRAZIL – 2022/10/03: In this photo illustration, the SP Global Inc. logo is displayed on a smartphone. (Photo Illustration by Rafael Henrique/SOPA… Source link
Read More »NBA DFS Picks: Yahoo Plays and Strategy for Jan. 20
Shai Gilgeous-Alexander and the Thunder travel to Sacramento to face the Kings at 10 p.m. ET. There will be no shortage of action across the NBA on Friday with 18 teams set to play. One of the better matchups figures to be the Mavericks hosting the Heat, though Dallas will be missing Christian Wood (thumb). Another game that stands out features the Kings hosting the Thunder with both teams hoping to make it to the playoffs. With so many options, let’s get down to business and highlight… Source link
Read More »This is the ‘biggest retirement decision you make,’ one expert says
As people prepare for retirement, there are many issues to consider, but one tops them all, according to one expert. “Where you live could actually probably be the biggest retirement decision you make because of the differences in taxes in different states,” Silvur founder and CEO Rhian Horgan told Yahoo Finance Live (video above) when offering advice to people nearing retirement on how they should plan ahead. The second big decision folks should think about? Health care. “With the average… Source link
Read More »2023 tech layoffs are already piling up
As Big Tech continues to reel from its massively difficult 2022, some of the sector’s biggest names are beginning 2023 by laying off employees by the thousands. In 2022, companies like Meta (META), Amazon (AMZN), and Intel (INTC) announced major job cuts following years of expansion. There’s hope that Big Tech is set up for a better year in 2023, but high interest rates, inflation, a hawkish Fed, and spending slowdowns among both advertisers and consumers have created a storm that’s not… Source link
Read More »China price cuts boosting buying sentiment, survey says
Despite buyer protests in China over recent Tesla (TSLA) price cuts on the mainland, it seems the move overall has been a huge hit for the EV maker. Earlier this month Tesla cut prices in China, with the Chinese-made Model 3 falling by 13.5% to $33,515, and the Model Y dropping 10% to $37,899. Wedbush Securities conducted a survey of over 500 prospective EV buyers in China to gauge their reaction to Tesla’s price cuts. The results proved to be quite positive for Tesla’s prospects in the… Source link
Read More »Yahoo Plays and Strategy for Friday, January 20
This article is part of our Yahoo DFS Basketball series. There will be no shortage of action across the NBA on Friday with 18 teams set to play. One of the better matchups figures to be the Mavs hosting the Heat, though Dallas will be missing Christian Wood (thumb). Another game that stands out features the Kings hosting the Thunder with both clubs hoping to make it to the playoffs. With so many options, let’s get down to business and highlight some players to consider for your Yahoo… Source link
Read More »Here’s what top CEOs are saying about a recession
DAVOS, Switzerland — At this year’s World Economic Forum, talk about a recession among top business leaders was flowing as freely as the high-calorie Swiss desserts. Yahoo Finance Live spoke with numerous leading CEOs to get their thoughts on the global economy, the Russia-Ukraine war, and the outlook for inflation. Here is what several big names in business had to say on the potential for a recession in the next year. More Yahoo Finance coverage of Davos 2023: A ‘mild’ and ‘shallow’… Source link
Read More »Stock futures stumble after in-line inflation print
U.S. stock futures were mixed ahead of the open Friday. Futures tied to the S&P 500 (^GSPC) added 0.1%, while futures on the Dow Jones Industrial Average (^DJI) were lower by 0.1%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) rose by roughly 0.5%. The yield on the benchmark 10-year U.S. Treasury note rose to 3.437% from 3.397% Thursday. The dollar index added 0.1%, trading at $101.94 Friday morning. Stocks extended a string of losses Thursday as investors dissected economic data… Source link
Read More »