Category: Business & Economy

Texas Rancher Offers Elon Musk 100 Acres to Move Twitter’s Headquarters to Austin

An Austin rancher has offered to donate free land to Elon Musk for the use of a new Twitter headquarters in Texas, if he chooses to relocate the company from San Francisco to the Lone Star State, reported Austonia. The board of Twitter accepted Musk’s deal to buy the social media platform for $44 billion on April 25,…


Rancher Offers Elon Musk 100 Acres to Move Twitter’s Headquarters to Texas

An Austin rancher has offered to donate free land to Elon Musk for the use of a new Twitter headquarters in Texas, if he chooses to relocate the company from San Francisco to the Lone Star State, reported Austonia. The board of Twitter accepted Musk’s deal to buy the social media platform for $44 billion on April 25,…


LA Ports See Increase in Wait Times for Cargo Stored at Docks

LOS ANGELES—The time containers are staying at ports in Los Angeles and Long Beach before being shipped by rail or truck increased again last month, according to the Pacific Merchant Shipping Association. In March, containers leaving on trucks stayed at port terminals for more than six days, an increase of about half a day since…


Amazon Reports $3.8 Billion Loss in Q1 as Warehouse, Fuel Costs Soar

Amazon.com Inc. delivered a disappointing quarter and outlook on Thursday as the e-commerce giant was swamped by higher costs to run its warehouses and deliver packages to customers. Shares fell 9 percent in after-hours trade. After a long-running surge in sales during the COVID-19 pandemic, Amazon is facing a litany of challenges. The company’s expenses…


Oil Prices Rally After Germany Drops Opposition to Russian Oil Embargo

Oil prices rose on Thursday in the Federal Republic of Germany, as the German government has signaled its willingness to join the other EU members in an embargo of Russian oil exports. On Thursday, Brent Crude futures rose by $2.27 to a total of $107.59 per barrel, whereas U.S. West Texas Intermediate crude rose by $3.34 to $105.36 per…


Three Survival Tips for Retirees Besieged by Soaring Inflation: Experts

Retirees who depend on fixed income are among those who will be affected most by the soaring inflationary costs. Experts say there are various ways for retirees to consider surviving the ongoing 40-year high inflation. The consumer price index (CPI) surged 1.2 percent in March, the biggest monthly increase since September 2005, the Labor Department…


Elon Musk Says Twitter Should Have This Signal-Like Feature to Ensure Privacy

Tesla Inc CEO Elon Musk on Wednesday said Twitter Inc should have end-to-end encryption for its direct messages to ensure security. What Happened: The billionaire entrepreneur said Signal, a private messaging app that he backs, provides end-to-end encryption so that no one can spy on or hack the messages. Unlike Signal and Meta Platforms Inc-owned messaging…


Dollar Index Marches to 20-Year High as Rivals Crumble

The U.S. dollar hit a 20-year high on April 28 as rival global currencies such as the Japanese yen, the British pound, and the euro suffered a major decline in value. The shakeup coincided with the Russian government cutting off gas supplies to Poland and Bulgaria on April 27 because those countries refused to pay in…


Elon Musk’s Purchase of Twitter Will Bring Back Free Speech, Highlight What Was Done to Stifle It | Truth Over News

Elon Musk’s purchase of Twitter represents a seismic shift in American political discourse, the effects of which cannot be overstated. Democrats and the media have benefited for years from seeing their voices artificially amplified through a cozy relationship with the multitude of our nation’s tech companies. The goal has been to make their policies and…


Twitter Reports User Bump in Quarterly Report

Just days after Elon Musk’s $44 billion buyout of Twitter, the company released its Q1 earnings report on Thursday, attesting to a bump in users and a simultaneous decline in revenue. At the close of the quarter, Twitter reported monetizable daily active usage (mDAU) of 229 million, surpassing quarterly expectations for 226.9 million mDAU. This…