Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Look out above, the dip buyers are back in town. Stocks are soaring – for now – as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testifying in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its fall … Read more

‘I thought it was a sick joke’: They gave up other job offers to work for Coinbase, and are now unemployed

When Hao Jia received an email from Coinbase that his job offer had been rescinded, he was on his way to watch “Top Gun: Maverick,” the blockbuster movie starring Tom Cruise. Jia’s girlfriend had asked him to watch it for her because she was in China, where the film has not been released, and couldn’t … Read more

Elon Musk’s Belated Disclosure of Twitter Stake Triggers Regulators’ Probes

WASHINGTON — Federal regulators are investigating Elon Musk’s late disclosure last month of his sizable stake in Twitter Inc., TWTR -2.48% according to people familiar with the matter, a lag that allowed him to buy more stock without alerting other shareholders to his ownership. The Securities and Exchange Commission is probing Mr. Musk’s tardy submission … Read more

Dow, S&P 500 Slide More Than 3% as Investors Reassess Fed Comments

The stock market took its biggest U-turn since the early days of the pandemic Thursday, with the Dow Jones Industrial Average posting its largest decline this year just 24 hours after its largest gain since 2020. The reversal wiped out the euphoria that reigned on Wall Street Wednesday in the wake of Federal Reserve Chairman … Read more

Twitter Reports Higher Revenue, Users as Elon Musk Prepares to Buy It

The improved results may offer little meaning, with Mr. Musk is expected to implement changes to Twitter’s business model and its messaging platform once the $ 44 billion deal is finalized. The billionaire has floated moves including relying less on advertising to generate revenue and loosening content-moderation rules that could impact ad placement and the … Read more

Stocks Close Higher After Tech-Led Selloff

US stocks edged higher in choppy trading Wednesday, clawing back some of their losses after selling off sharply a day earlier. It was a day of fluctuations, with the S&P 500 and Dow Jones Industrial Average hitting session highs in the early afternoon before paring their gains into the close. The Dow industrials ranged about … Read more

Dow erases earlier loss as stocks attempt to rebound from early tumble

All three major stock indexes rebounded during the final hour of trading as investors attempted to shake off early weakness tied to China’s expanded COVID-19 lockdowns and the Fed’s aggressive rate-hike plans. Meanwhile, Twitter Inc.’s TWTR board agreed to sell the company to Tesla chief executive Elon Musk in a deal valued at nearly $ … Read more

#RIPTwitter? These numbers show the company has plenty of life

Sometimes you need to separate your personal feelings from your thoughts about companies and their stocks. People who loath Tesla Inc. TSLA CEO Elon Musk – who famously made a bid on April 13 to buy Twitter Inc. TWTR for $ 54.20 a share – have been having a ball posting nasty messages under #RIPTwitter. … Read more

Twitter Re-Examines Elon Musk’s Bid, May Be More Receptive to a Deal

Twitter Inc. TWTR 3.93% is re-examining Elon Musk’s $ 43 billion takeover offer after the billionaire lined up financing for the bid, in a sign the social-media company could be more receptive to a deal. Twitter had been expected to rebuff the offer, which Mr. Musk made earlier this month without saying how he would … Read more