Wall Street Financial Markets

What are Elon Musk plans now that Twitter is under him?!

October 6, 2022 admin

A super app called X? Haven free of bots? These are some of Elon Musk’s mysterious plans for Twitter, after all he might buy the company. After months of wrangling over the fate of a staggering $44 billion deal, the billionaire and Bird app are basically back to square one – if a little worse for wear as trust and goodwill seem to have eroded on both sides. Musk, the CEO of Tesla Motors and SpaceX and the most popular Twitter user since former President Donald Trump was fired, has…

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

September 10, 2022 admin

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…