Tag Archives: means

Tesla (TSLA) shares fell on Tuesday amid investor concerns that CEO Elon Musk would need to sell shares in order to fund a portion of his $44 billion buyout of Twitter (TWTR). Meanwhile, Twitter’s shares have recovered from a late-March trough ahead of the buyout deal. Columbia Law School Professor John Coffee believes that it will be challenging for Musk to juggle managing Tesla and Twitter simultaneously — on top of SpaceX, The Boring Company, and Neuralink. “Moreover, Tesla is going… Source link

Oil prices have come down below $100/barrel after staying above that level for much of last month. The Ukraine-Russia war worsened the upward trend costs for energy across the globe. Yahoo Finance asked several experts what sustained prices above $100/barrel means for a risk of a recession in the U.S. and in other parts of the world. Most agree oil would have to stay closer to $130 in order to create enough demand destruction to spur a recession in this country. But some parts of the world… Source link

Starting next week, users of Barnes & Noble’s Android app will no longer be able to buy digital books in the app, and it seems to be due to a Google Play policy deadline that’s been more than a year and a half in the works. And it’s not just Barnes & Noble that’s affected; you aren’t able to buy Amazon’s Audible titles with a debit or credit card in the latest version of its Android app, either. The changes appear to stem from Google’s insistence that apps use Google Play’s… 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 Monday, February 28, 2022 Corporate America is launching two of its own birds into Putin’s backyard for his invasion into Ukraine. Not airplanes, but one finger from each hand. Here are the first round of actions from a host of multinational companies that began to trickle in over the weekend: Transport giants FedEx and UPS have suspended shipments… Source link

As concerns around inflation soar, American consumers’ outlook on the trajectory of the U.S. economy has deteriorated, worrying some experts that negative attitudes could dampen expenditure and put a dent in economic growth. The University of Michigan’s closely-watched consumer sentiment index fell to 61.7 in early February, hitting the lowest level since October 2011. January saw a reading of 67.2. Recent declines in the measure have been driven by weakening personal financial prospects… Source link

Google parent Alphabet Inc. GOOG 1.61% said on Feb. 1 that it will enact a 20-for-1 stock split, giving shareholders 19 more shares for every one they own.  Stock splits had fallen out of favor over the last two decades. But since the pandemic Apple Inc., Tesla Inc. and now Alphabet have revived the practice in an effort to make their shares more affordable for individual… Source link

U.S. Supreme Court Justice Stephen Breyer’s retirement at the end of the court’s current term has court watchers wondering if a more liberal successor could make the court more united along ideological lines, a change that could benefit certain business interests. Constitutional law scholars say the court’s persuasions under a yet-to-be-named and confirmed nominee are difficult to predict. Under one theory, his replacement could deepen the court’s 6-3 conservative-liberal divide, if… Source link

Secretary of Transportation Pete Buttigieg oversees a giant chunk of the new $1 trillion infrastructure bill: Roads, bridges, ports, airports, railways, and more fall under his purview. It’s around half of the $550 billion in new spending, including $110 billion toward surface transportation, another $105 billion for rail, and $42 billion for seaports and airports. During a conversation with Yahoo Finance Live on Monday, Buttigieg laid out next steps once the “ink is dry” on the bill to get… Source link

With major tech players like Facebook (FB) and Microsoft (MSFT) staking their claims to the metaverse, its technology has seen a meteoric rise into the mainstream consciousness. According to Kraken CEO Jesse Powell, the advent of metaverse platforms could have significant implications for cryptocurrencies, NFTs, gaming, and more. Powell likened the metaverse to existing virtual universes found in popular online video games such as Second Life, World of Warcraft, and Runescape. “People grew… Source link

Over the past month, the crypto market has looked like a rising tide for all coins — but data suggest growth across the asset class hasn’t been equal. Last week, Bitcoin (BTC-USD) breached $50,000 for the second time in two weeks, extending a rally that put a grim sell-off that started in May further in the rear-view mirror. While notable for its volatility, gains in the the largest cryptocurrency may have gotten lost in the swell of rising prices across the entire asset class. With a… Source link