Tesla is down 35% since Elon Musk first said he wanted to buy Twitter

Tesla is down 35% since Elon Musk first said he wanted to buy Twitter

Elon Musk attends the 2022 Met Gala celebrating “In America: An Anthology of Fashion” at the Metropolitan Museum of Art on May 2, 2022 in New York City. (Photo by Gotham/Getty Images) Gotham | Getty Images Since Tesla CEO Elon Musk announced his bid to buy the social network Twitter, shares of his electric car … Read more

Elon Musk says Twitter has had a “massive” drop in revenue

Elon Musk says Twitter has had a “massive” drop in revenue

Elon Musk, founder and chief engineer of SpaceX, speaks during the Satellite 2020 conference in Washington, DC, US on March 9, 2020. Yasin Ozturk | Anadolu Agency | Getty Images Twitter has suffered a “massive drop in revenue” due to advertisers pausing spending on the social media platform, Elon Musk, the new owner of the … Read more

Advertising giant IPG advises brands to pause Twitter usage

Advertising giant IPG advises brands to pause Twitter usage

The Twitter logo is seen on a mobile device in this stock photo in Warsaw, Poland on October 30, 2022. Twitter is losing its most active users, according to research by Reuters. Despite the fact that the most influential tweeters make up only 10 percent of monthly users, they are collectively responsible for 90 percent … Read more

GM temporarily suspends advertising on Twitter following Elon Musk takeover

GM temporarily suspends advertising on Twitter following Elon Musk takeover

A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan. – General Motors will create 4,000 new jobs and retaining 1,000, and significantly increasing battery cell and electric truck manufacturing capacity. Jeff Kowalsky | AFP | Getty Images DETROIT – General Motors is suspending its advertising on Twitter following … Read more

Chrysler owner Stellantis offers buyouts to some US employees

Chrysler owner Stellantis offers buyouts to some US employees

The sign is seen outside of the FCA US LLC Headquarters and Technology Center as it is changed to Stellantis on January 19, 2021 in Auburn Hills, Michigan. – Newly-created European carmaker Stellantis motored its way January 18, 2021 onto the Paris and Milan stock exchanges. Stellantis — created by the merger of France’s PSA … Read more

AutoNation, Lithia Rally Despite Wall Street’s ‘Demand Destruction’ Theory

AutoNation, Lithia Rally Despite Wall Street’s ‘Demand Destruction’ Theory

Vehicles on display for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images DETROIT – Shares of AutoNation, Group 1 Automotive and other auto dealers rose Thursday after strong third-quarter earnings and an upbeat outlook for consumer demand for new cars. The results and comments followed … Read more

Tesla, Microsoft, Disney, Amazon, Alphabet

Tesla, Microsoft, Disney, Amazon, Alphabet

Here’s Wednesday’s Biggest Call on Wall Street: Deutsche Bank Upgrades Humana to Buy Deutsche said the health insurer is “on track to meet its 2025 earnings target.” “Combined with the alternative capital deployment capabilities as well as the significantly smaller tailwind benefited from covid over the past few years, we see Humana on track to … Read more

Ford Motor (F) earnings 3rd quarter 2022

Ford Motor (F) earnings 3rd quarter 2022

2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor is set to report its third-quarter earnings after noon Wednesday. Here’s what Wall Street expects, according to Refinitiv consensus estimates: Adjusted earnings per stock: 27 cents Car income: 36.25 billion dollars Ford last month set investor expectations for the third quarter by partially releasing its … Read more

Xerox, Logitech, Upstart, Hibbett, Planet Fitness and more

Xerox, Logitech, Upstart, Hibbett, Planet Fitness and more

Tony Avelar | Bloomberg | Getty Images Check out the companies making headlines in the dinner trade. Logitech — The computer equipment maker rose 11.8% after Logitech reiterated its full-year guidance, which was lowered in July. Logitech has struggled with weaker demand after a boom in sales during the height of the pandemic. Upstart — … Read more

Stocks jump for the third day in a row, the Dow rises 200 points

Stocks jump for the third day in a row, the Dow rises 200 points

Stocks rose for another session Tuesday as investors assessed moving interest rates and new data for further clues to the health of the U.S. economy. Wall Street also awaited earnings from key technology companies. The Dow Jones Industrial Average traded 225 points higher, or 0.7%, after briefly rising more than 300 points. The S&P 500 … Read more