Musk told banks he will rein in Twitter pay, make money from tweets

April 29 (Reuters) – Elon Musk told banks that agreed to help fund his $ 44 billion acquisition of Twitter Inc (TWTR.N) that he could crack down on executive and board pay at the social media company in a push to slash costs, and would develop new ways to monetize tweets, three people familiar with … Read more

Man accused of tackling comic Dave Chappelle on stage is charged with assault

LOS ANGELES, May 4 (Reuters) – The man accused of tackling comedian Dave Chappelle to the stage floor during a performance at the Hollywood Bowl in Los Angeles was charged on Wednesday with felony assault with a deadly weapon. The attack on Chappelle, 48, occurred Tuesday night during a sold-out appearance by the Emmy-winning entertainer … Read more

Stocks rise, US yields slip as markets await Fed rate hike

NEW YORK / MILAN, May 3 (Reuters) – A gauge of global equity markets edged higher on Tuesday while 10-year US Treasury yields slid from the 3% level as investors remained cautious, expecting the Federal Reserve to hike rates by the most in a single day since 2000 to curb inflation. Feeding inflation worries, data … Read more

Buffett reveals big investments, rails against Wall St excess at Berkshire meeting

OMAHA, Neb., April 30 (Reuters) – Warren Buffett on Saturday used the annual meeting of Berkshire Hathaway Inc (BRKa.N) to reveal major new investments including a larger stake in Activision Blizzard Inc (ATVI.O), while also railing against Wall Street excess and addressing the risks to his conglomerate of inflation and nuclear war. The meeting in … Read more

Wall Street closes sharply lower on Amazon slump, inflation worries

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, April 4, 2022. REUTERS / Brendan McDermid / File Photo Register now for FREE unlimited access to Reuters.com Register Amazon tumbles after results and outlook fall short Apple slips after flagging supply problems Monthly inflation surged by the … Read more

Musk told banks he will rein in Twitter pay, make money from tweets, sources say

Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul / Pool via REUTERS / File Photo Register now for FREE unlimited access to Reuters.com Register April 28 (Reuters) – Elon Musk told banks that agreed to help fund his $ 44 billion … Read more

Alphabet misses on revenue as YouTube ad business slowed by Ukraine war

April 26 (Reuters) – Google parent Alphabet Inc (GOOGL.O) on Tuesday reported its first quarterly revenue miss of the pandemic after the war in Ukraine hurt YouTube ad sales, leaving investors rattled as the global economy sputters. The world’s largest provider of search and video made a fortune over the last two years as the … Read more

Economic fears hit global equities, commods; Twitter lifts Wall St.

WASHINGTON / LONDON, April 25 (Reuters) – European stocks slid to a one-month low and commodity prices dropped on Monday on renewed concerns about rising interest rates and China’s sputtering economy, while Wall Street shares rose, reversing losses after Twitter agreed to be bought by billionaire Elon Musk. Fears over China’s COVID-19 outbreaks spooked investors … Read more

Nasdaq drops as Netflix subscriber numbers weigh on tech

Procter & Gamble up on raising FY sales forecast IBM gains on upbeat forecast, Q1 results beat Netflix slumps after Q1 subscriber loss Indexes: Dow up 0.71%, S&P slips 0.06%, Nasdaq off 1.22% April 20 (Reuters) – The tech-heavy Nasdaq dropped on Wednesday as Netflix’s surprise decline in subscribers weighed on both the streaming giant … Read more

Elon Musk’s arrival stirs fears among some Twitter employees

Concerns center around Twitter’s ability to moderate content Fear Musk’s views on moderation may allow trolling to flourish Twitter management, employees make daily decisions -spokesperson April 7 (Reuters) – News of Tesla (TSLA.O) Chief Executive Elon Musk taking a board seat at Twitter (TWTR.N) has some Twitter employees panicking over the future of the social … Read more