Elon Musk has begun to slash Twitter’s 7,500-robust workforce as the social media platform’s new billionaire proprietor warned of a “massive drop in revenue” next his contentious $44bn buyout of the team. Musk claimed on Friday that Twitter “has experienced a substantial fall in revenue, owing to activist teams pressuring […]
Drop
U.S. stocks slid Friday to close the week lower as investors weighed May jobs data that likely gave Fed policymakers a signal labor market conditions can weather a more aggressive rate hiking cycle. Friday’s sell-off was led by tech stocks, with the Nasdaq Composite falling 2.5{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}. The S&P 500 fell […]
U.S. stocks fell Thursday as investors continued to monitor a steady stream of corporate earnings results against a backdrop of elevated inflation and further Fed policy tightening. The S&P 500 dropped and erased earlier gains. The Dow Jones Industrial Average also turned lower. The Nasdaq fell more than 2{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} and […]
Leslie Cook Mortgage rates are lower today with some loan types down significantly. New borrowers looking for a 30-year fixed-rate mortgage will see rates averaging 4.401{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}, down 0.117 percentage points from yesterday. The biggest mover was the average rate on a VA loan, which dropped 0.515 percentage points to 4.345{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}. […]
Stocks were mixed on Friday as investors digested new commentary on asset-purchase tapering and inflation from Federal Reserve Chair Jerome Powell, amid a slew of fresh earnings reports from major companies. The Dow set a record closing high, taking out a previous record close from August 16. The S&P 500 […]
By MARTIN CRUTSINGER, AP Economics Author WASHINGTON (AP) — The International Monetary Fund is marginally downgrading its outlook for the world-wide restoration from the pandemic recession, reflecting the persistence of provide chain disruptions in industrialized international locations and lethal disparities in vaccination costs in between wealthy and bad nations. In […]
