As it was confirmed Monday that Elon Musk would purchase Twitter and take it private, the Tesla founder urged his “worst critics” to stay on Twitter. “I hope that even my worst critics remain on Twitter, because that is what free speech means,” he wrote in a Twitter post. Musk has repeatedly called for the…
Elon Musk Urges ‘Worst Critics’ to Stay on Twitter: ‘That Is What Free Speech Means’
70 Percent of Companies Saw Wages Surge in Q1 of 2022: NABE Survey
April 25, 2022
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Business & Economyeconomyhigh inflationinflationNational Association of Business EconomicsUSUS Newswage growthwage-price spiral
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A record number of American companies had to pay higher wages during the first quarter of 2022 according to a survey conducted April 4–12 by the National Association of Business Economics (NABE). Out of the 84 NABE members who took part in the April survey, 70 percent said that wages rose during the first quarter,…
Twitter Accepts Elon Musk’s $44 Billion Takeover Bid
Twitter’s Board of Directors has approved Elon Musk’s offer to purchase the social media firm and take it private in a transaction valued at about $44 billion, the company announced Monday. The company accepted the billionaire’s proposal of $54.20 per share. “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of…
Twitter Accepts Elon Musk’s Offer
Twitter’s Board of Directors has approved Elon Musk’s offer to purchase the social media firm and take it private in a transaction valued at about $44 billion, the company announced Monday. The company accepted the billionaire’s proposal of $54.20 per share. “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of…
Tesla Shareholder Lawsuit Reveals Elon Musk’s Private Texts With Saudi Fund on Proposed Privatization
Text messages between Elon Musk and a representative of a Saudi Arabian investment firm have now surfaced as part of an ongoing shareholder lawsuit, shedding more light on the billionaire’s controversial 2018 tweet about taking the publicly traded company, Tesla Inc., private. “Am considering taking Tesla private at $420. Funding secured,” Musk said in the…
‘I’ve Been a Victim’: Chris Wallace Unsure of Plans After CNN+ Collapse
Former Fox News host Chris Wallace said he’s not sure of his plans after CNN’s streaming service CNN+ collapsed and is scheduled to end after only a month amid reported dismal subscriber numbers. “I’m in good shape, whether it’s CNN or someplace else. Frankly, what I’m mostly concerned about right now, and very, is my…
Florida Senator Warns Disney: ‘Don’t Engage in All These Social Fights’
April 25, 2022
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Business & EconomyCompaniesdisneyFloridaLocal NewsPoliticsRegional-Local NewsRepublicansRick ScottSocial IssuesUSUS News
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A Florida senator said that Disney should avoid getting involved in the state’s politics—namely on social issues—after the company criticized a parental rights bill backed by Republicans and Gov. Ron DeSantis. “Our kindergartners shouldn’t be taught about sex in school. So why Disney wants to go engage in some social issue, It doesn’t make any…
Coca-Cola Turns to Refillable Glass Bottles in Fight Against Inflation
Coca-Cola Co warned on Monday consumer demand could slow as rampant inflation shows no sign of cooling and said it was focusing on more affordable and refillable glass bottles in markets facing the biggest pinch from price increases. Demand for sodas and other packaged foods has so far held strong despite price increases that resulted…
German Economy Appears Resilient After Ukraine War Shock: Ifo Economist
Germany’s economy appears resilient after the first shock following the war in Ukraine, said Ifo economist Klaus Wohlrabe, who added there was no sign of a recession in the first half. Supply chain problems remain a major problem for industry, with 75 percent of companies reporting problems, and three out of four retailers want to…
EU Official Says No ‘Unified Position’ Reached on Russian Energy Embargo
April 25, 2022
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Business & Economyeconomic policieseconomyEUEuropeInternationalRussia-Ukraine Warrussian energyWorld
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The European Union’s foreign policy chief Josep Borrell has said that insufficient support from EU member states means a complete embargo or punitive tariff on Russian oil and gas imports cannot yet be levied. “At the moment, we in the EU do not have a unified position on this question,” Borrell was quoted as saying by…
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