Category: Business & Economy

BMW CEO Warns Against Electric-Only Strategy

BMW Chief Executive Officer Oliver Zipse said companies must be careful not to become too dependent on a select few countries by focusing only on electric vehicles, adding that there was still a market for combustion engine cars. “When you look at the technology coming out, the EV push, we must be careful because at…


Trump Says He Probably Won’t Tweet Again Even If Musk Buys Twitter and Reinstates His Account

Former president Donald Trump said Thursday he likely wouldn’t return to Twitter if Elon Musk bought the platform and reinstated his account. Trump made the remarks in an interview with Sirius XM’s “Americano Media” hours after Musk made an offer to buy Twitter for around $43 billion in cash, with the Tesla CEO saying he…


Hunter Biden Worked With Nephew of Boston Crime Boss on China Business Venture: Leaked Emails

The nephew of Boston crime boss James “Whitey” Bulger was a business associate of Hunter Biden and played an active part in furthering his business ventures in China, leaked emails show. The Boston mobster was a high-profile figure in the city’s organized crime scene from the 1970s to the 1990s and had for years been…


Leaked Emails Link Nephew of Whitey Bulger to Hunter Biden’s China Business Venture

The nephew of Boston crime boss James “Whitey” Bulger was a business associate of Hunter Biden and played an active part in furthering his business ventures in China, leaked emails show. The Boston mobster was a high-profile figure in the city’s organized crime scene from the 1970s to the 1990s and had for years been…


Musk Responds to Reports Twitter Mulling ‘Poison Pill’ Tactic to Foil His Takeover Bid

Twitter is reportedly considering a so-called “poison pill” tactic to thwart Elon Musk’s effort to buy out the social media platform, prompting a critical response from the Tesla chief. Cameron Winklevoss, founder of the Gemini cryptocurrency exchange, said in a tweet that “Twitter is considering a poison pill to thwart @elonmusk’s offer,” while two anonymous…


Twitter Reportedly Mulls ‘Poison Pill’ Tactic to Foil Musk Takeover Bid

Twitter is reportedly considering a so-called “poison pill” tactic to thwart Elon Musk’s effort to buy out the social media platform, sources say. Cameron Winklevoss, founder of the Gemini cryptocurrency exchange, said in a tweet that “Twitter is considering a poison pill to thwart @elonmusk’s offer,” while two anonymous sources told The New York Times…


Elon Musk Says He Has a ‘Plan B’ If Twitter Takeover Bid Unsuccessful

Tesla CEO Elon Musk has hinted at a backup plan if his bid to take over Twitter fails. Speaking at a TED event in Vancouver on Thursday, the billionaire entrepreneur said: “I am not sure that I will actually be able to acquire it.” While Musk has said his $54.20-per-share offer is his “best and final” one,…


Elon Musk Hints Says He Has a ‘Plan B’ If Twitter Takeover Bid Unsuccessful

Tesla CEO Elon Musk has hinted at a backup plan if his bid to take over Twitter fails. Speaking at a TED event in Vancouver on Thursday, the billionaire entrepreneur said: “I am not sure that I will actually be able to acquire it.” While Musk has said his $54.20-per-share offer is his “best and final” one,…


Is IBM Stock ‘A Place To Hide’ In Volatile Market? PreMarket Prep Crew Talks Big Blue

One former Wall Street darling that has been a serial underperformer during the greatest bull market of all time was the recipient of an upgrade Friday morning. That company is International Business Machines Corp, and it’s the PreMarket Prep Stock of the Day. Long-Term IBM Price Action IBM made its all-time high in February 2017 at…


Why Nike Is Off to the Races After Breaking up From This Pattern and What to Watch for Next

Nike Inc was rallying almost 5 percent on Thursday with continued momentum from Wednesday’s price action, when the stock began to react to a bullish double bottom pattern. A double bottom pattern is a reversal indicator that shows a stock has dropped to a key support level, rebounded, back tested the level as support and…