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Elon Musk.HANNIBAL HANSCHKE /Getty Images Elon Musk’s excuse about Twitter bots is a way to back out of the deal, Wedbush said. Musk agreed to buy Twitter for $44 billion but could be feeling pressure amid falling Tesla stock. “We view the $44 billion Twitter deal as having less than a 50% [chance] to get done,” Wedbush said. There is now a less than 50% chance that Elon Musk will acquire Twitter for $44 billion, a Monday note from Dan Ives, a Wedbush analyst, said. Musk, who plans to put up a… Source link

Mullen Technologies, Inc. Partnership with LGG (Linghang Guochuang Group) is on track and focused on taking solid-state polymer battery cell technology into vehicle pack level development. Solid-state batteries are planned for Mullen’s second-generation Mullen FIVE EV Crossover and show promise of over 300 miles of range delivered in 18 minutes with DC fast charging. Mullen and LGG progress to pack level development for solid-state polymer batteries Solid-state polymer batteries planned for… Source link

(Bloomberg) — The latest bounce in US stocks is a bear market rally and more declines lie ahead, according to Morgan Stanley strategists. Most Read from Bloomberg “With valuations now more attractive, equity markets so oversold and rates potentially stabilizing below 3%, stocks appear to have begun another material bear market rally,” strategists led by Michael Wilson wrote in a note on Monday. “After that, we remain confident that lower prices are still ahead.” READ: $11 Trillion and… Source link

Marriott debuts the hospitality industry’s first global omnichannel media network, enabling advertisers to deliver curated experiences to millions of travelers BETHESDA, Md., May 16, 2022 /PRNewswire/ — Marriott International, Inc., today announced the launch of the Marriott Media Network, an omnichannel cross-platform advertising solution for brand advertisers, enabling curated content experiences and offerings to guests throughout their travel journey. To power its network of owned… Source link

Goldman Sachs emerged as one of the strongest advocates of a post-pandemic return to the office this year, but the fight for talent could be forcing the investment bank to reverse course and offer employees more time away from their desks instead. In an internal memo seen by the Financial Times, the investment bank said it would offer junior staff a minimum of two extra days off each year. But senior staff will get an even bigger perk—one more commonly associated with Silicon Valley than… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. So I am carrying my inflationary bag of groceries up the stairs on Sunday, trying to decompress for at least seven minutes, when I suddenly hear a neighbor call out: “Hey Sozzi, saw you on TV again. Has the… Source link

PHOENIX — The Dallas Mavericks had their bags packed for San Francisco while the favored Phoenix Suns were ready for Bora Bora, 10 minutes into an elimination game. With every basket, the Suns got tight and the Mavericks got more confident, squeezing on the Suns’ All-Star backcourt until they were dry — except it was the first quarter, with Chris Paul and Devin Booker looking out of sorts and out of answers. The lead could’ve ballooned to 60 if Dallas wanted it to, playing loose and… Source link

(Bloomberg) — A few brave souls in the investing world are starting to move back into bonds to ride out an oncoming economic storm. Most Read from Bloomberg While debt bulls on Wall Street have been crushed all year, market sentiment has shifted markedly over the past week from inflation fears to growth. That theme gathered more strength Monday, when data showing China’s economy contracted sharply in April set off fresh gains for Treasuries. Market-derived expectations of US price growth… Source link

Patrick Pleul/Pool/AFP via Getty Images Netflix’s company culture guidelines say staff should be able to work on content they find harmful. In response to a tweet about the guidelines, Elon Musk said it was a “good move” by Netflix. Musk last month said of Netflix: “The woke mind virus is making Netflix unwatchable.” Elon Musk praised Netflix for its new company culture guidelines that say it might not be the best place for employees who cannot work on content they disagree with or find… Source link

Investors are facing a confusing environment, with long- and short-term signals sending different messages. Inflation remains stubbornly high, above an 8% annualized rate, and the Federal Reserve has made it clear that additional interest rate hikes are in the offing. Stocks are well off their highs, and despite last Friday’s gains, the S&P 500 and the Nasdaq posted their sixth consecutive weekly loss. But there are positives, too. The 1Q22 earnings season gave an upbeat vibe, as more than… Source link