The Washington Post editorial board has said it hopes Tesla CEO Elon Musk “doesn’t win” in his bid to purchase Twitter. In an opinion piece published on Sunday, titled “Let’s hope Elon Musk doesn’t win his bid for Twitter,” the editorial board called Musks hopes to purchase the social media platform a “hostile takeover” adding, “let’s…
Washington Post Editorial Board Hopes Elon Musk ‘Doesn’t Win’ in ‘Hostile Takeover’ Twitter Bid
April 19, 2022
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Here’s Why Credit Slashed Its Price Target on PayPal
Credit Suisse slashed its price target for PayPal Holdings Inc to $155 from $190 (55.5 percent upside) and reiterated Outperform. The re-rating followed model updates and increased levels of uncertainty stemming from multiple factors. The factors included CFO departure, inflationary pressures on low-income consumers, discretionary spending, supply chain impacts, and elevated user churn. PayPal’s FY 2022 guidance calling for…
You Ask, We Analyze: Why AMC Entertainment Looks Set to Rebound Into This Pattern
On Sunday evening, Benzinga asked its followers on Twitter what they’re buying at the open on Monday. From the replies Benzinga selected one ticker for technical analysis. Alberto (@alberto92445611) is buying AMC Entertainment Holdings Inc. On Friday, AMC CEO Adam Aron announced that moviegoers could now pay for tickets using Dogecoin, Shiba Inu, and other cryptocurrencies…
World Bank Says War to Cut Global Growth, Boosts Financing Target
WASHINGTON—The World Bank is reducing its global growth forecast for 2022 by nearly a full percentage point, to 3.2 percent from 4.1 percent, due to the impacts from Russia’s invasion of Ukraine, World Bank President David Malpass said on Monday. Malpass told reporters on a conference call that the World Bank was responding to the…
Verizon Raises Minimum Wage to $20 an Hour for US Employees
U.S. wireless carrier Verizon Communications Inc. said on Monday it would raise the minimum wage of its new and existing customer service, retail, and inside sales employees to $20 an hour amid a tight labor market and rising inflation. In recent months, U.S. retailer Walmart, drugstore chain Walgreen Boots Alliance Inc., and restaurant operator Chipotle…
Bank of America Executives Bullish After Profit Beat
April 19, 2022
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Bank of AmericabeatBofABusiness & EconomyCompanieseconomyEuropeexecutivesInternationalMarketsprofitRussia-Ukraine WarstocksUSUS NewsWorld
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Bank of America Corp. provided a bullish outlook after reporting a smaller-than-expected 13 percent fall in first-quarter profit on Monday, as growth in consumer lending overshadowed a decline in global dealmaking. Chief Executive Brian Moynihan said Bank of America customers had spent at the highest level ever recorded for the first quarter, representing a double-digit…
Tesla Bear Michael Burry Defends SEC After Elon Musk’s Rebuke
Tesla Inc bear and hedge fund manager Michael Burry on Sunday defended the U.S. Securities and Exchange Commission and took a shot at billionaire entrepreneur Elon Musk for flouting the agency’s rules. What Happened The “Big Short” fame investor said in a now-deleted Tweet that the U.S. regulatory agency was “nothing but professional” and that,…
Mexico’s Pemex Says Fire Under Control at Salina Cruz Refinery
April 19, 2022
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MEXICO CITY—Mexican state oil company Pemex said on Saturday that it had brought under control a fire at its Salina Cruz refinery in the southern Oaxaca state without any injuries to personnel. The fire, which started on Friday, had engulfed a gasoline storage tank, sending a dense plume of black smoke billowing from inside the…
Elon Musk Says Tesla Now Has Over 100,000 FSD Beta Testers, up Nearly 67 percent Since January
Tesla Inc CEO Elon Musk said on Sunday that the electric vehicle maker has rolled out its full self-driving beta software program to over 100,000 customers in the United States. What Happened The latest numbers indicate that Austin, Texas-based Tesla has significantly ramped up its beta program offering to customers. “The car currently drives me around Austin most of…
Musk Targets Twitter Board as Company Adopts ‘Poison Pill’
Elon Musk took a swipe at the board of Twitter on Monday after the social media company adopted a “poison pill” to protect itself from the second-biggest shareholder’s $43 billion cash buyout offer. “Board salary will be $0 if my bid succeeds, so that’s ~$3 million/year saved right there,” Musk tweeted in response to a…
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