Tag: Stores

Musk reportedly proposes going ahead with deal to buy Twitter after months of legal battles!

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Trading in Twitter shares has been halted after shares surged due to reports that Elon Musk will continue his $44 billion deal to buy the company after months of legal battles. Musk offered to buy the San Francisco company for $54.20. Shares jumped nearly 13% to $47.95 before trading halted. Bloomberg News reported Tuesday that Musk made the proposal in a letter to Twitter, according to unidentified people familiar with the case. Musk had been trying to back out of the deal for several months after he signed up to…

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Wall Street: Global markets fall sharply on worries about rates, economy!

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New York — Stocks around the world tumbled on Friday on more signs of a weakening global economy, just as central banks piled more pressure with additional interest rates hikes. The S.The P 500 is down 2.2% in early afternoon trading, adding a dismal ceiling to what has already been a difficult week. It’s almost back to its lowest point of the year, reached in mid-June, as Wall Street is still mired in a bear market. The Dow Jones Industrial Average is down nearly 20% from the record set earlier…

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Stock markets suffers biggest fall since June 2020 on dashed inflation hopes!

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New York — The stock market has fallen the most since June 2020 after modest Wall Street realized that inflation was not slowing as much as hoped. The Dow Jones lost more than 1,250 points, and the S . index lost more than 1,250 points& P 500 sank 4.3%. A hotter-than-expected report on inflation on Tuesday has traders bracing for the Federal Reserve’s eventual higher-than-expected rate hike, with all the risks to the economy. Bond prices also fell, sending yields up sharply, after the government announced that inflation slowed last…

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Stocks closed broadly higher on Wall Street, breaking a three-week losing streak!

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Wall Street added to its recent gains on Friday with a broad rally that broke the three-week streak of market losses. The S.The &P 500 closed up 1.5%, its third straight rise, and finished the week 3.7% higher. This makes it the best week for the benchmark index going back to July. Big gains for technology companies pushed the Nasdaq Composite Index to a gain of 2.1%, while the Dow Jones Industrial Average rose 1.2%. Both indices also made their first weekly gain in four weeks. The latest gains punctuated…

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