Twitter vows legal fight after Musk pulls out of $44 billion deal

Twitter vows legal fight after Musk pulls out of $44 billion deal

July 8 (Reuters) – Elon Musk, the chief executive officer of Tesla (TSLA.O) and the world’s richest person, said on Friday he was terminating his $44 billion deal to buy Twitter (TWTR.N) because the social media company had breached multiple provisions of the merger agreement. Twitter’s chairman, Bret Taylor, said on the micro-blogging platform that … Read more

Rogers network outage across Canada hits banks, businesses and consumers

Rogers network outage across Canada hits banks, businesses and consumers

General view of the Rogers Building, quarters of Rogers Communications in Toronto, Ontario, Canada October 22, 2021. REUTERS/Carlos Osorio Register now for FREE unlimited access to Reuters.com Register TORONTO, July 8 (Reuters) – A major outage of Rogers Communications Inc’s (RCIb.TO) mobile and internet networks caused widespread disruptions across Canada on Friday, affecting banks, police … Read more

Explainer: US yield curve inverts again: What is it telling us?

Explainer: US yield curve inverts again: What is it telling us?

US dollar banknote in front of stock graph is seen in this illustration taken, June 12, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register NEW YORK, July 5 (Reuters) – A closely watched part of the US Treasury yield curve inverted again on Tuesday, as investors continue to price in the … Read more

Cryptoverse: The bonfire of the NFTs

Cryptoverse: The bonfire of the NFTs

July 5 (Reuters) – The NFT dream isn’t dead, but it’s taken a big non-fungible beating. The market shone gloriously last year as crypto-rich speculators spent billions of dollars on the risky assets, pumping up prices and profits. Now, six months into 2022, it’s looking ugly. Monthly sales volume on the largest NFT marketplace, OpenSea, … Read more

S&P 500 ends brutal first half ’22 with largest percentage loss since 1970

S&P 500 ends brutal first half '22 with largest percentage loss since 1970

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 27, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 30 (Reuters) – Steep losses in stocks and bonds, dizzying market swings and a Federal Reserve intent on curbing the … Read more

Tesla’s run of record deliveries may be reaching the end of the road

Tesla's run of record deliveries may be reaching the end of the road

Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register SAN FRANCISCO, June 30 (Reuters) – Tesla Inc (TSLA.O) is expected to end its nearly two-year-long run of record … Read more

Cryptoverse: Ether holds its breath for the lean, mean ‘merge’

Crypto industry fears contagion as bitcoin slips under $20,000

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register June 28 (Reuters) – Investors in ether and its troubled twin stETH are nervously anticipating a crypto milestone: The merge. … Read more

Factbox: The SEC’s response to the ‘same stock’ rally

Factbox: The SEC's response to the 'same stock' rally

June 24 (Reuters) – A year-and-a-half after a “meme stock” rally roiled Wall Street, the US Securities and Exchange Commission is considering broad changes to curb the frenetic trading of stocks based on social media activity. The proposed overhaul would be the biggest change to Wall Street’s rules since 2005 and would affect nearly every … Read more

Crypto industry fears contagion as bitcoin slips under $20,000

Crypto industry fears contagion as bitcoin slips under $20,000

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON/HONG KONG, June 20 (Reuters) – The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above … Read more

Warren Buffett charity lunch fetches record winning bid of $19 million

Warren Buffett charity lunch fetches record winning bid of $19 million

June 18 (Reuters) – A wealthy person has bid a record $19 million to eat lunch with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity. The winning bid at the eBay auction, which ended on Friday, far surpassed the previous record … Read more