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Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022.POOL/Reuters Elon Musk rejected Twitter Inc’s TWTR-N offer to join its board, a dramatic turn in a week when the billionaire became its biggest shareholder, with the social media company warning […]
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Oil prices are spiraling higher on supply concerns as the Russia-Ukraine crisis develops, and this could lead to demand destruction and an economic recession, according to an oil analyst. “I’m concerned that we don’t have enough oil at all here, and we need to go to $120 to $150 [per […]
MOSCOW (AP) — The East-West faceoff over Ukraine escalated dramatically Tuesday, with Russian lawmakers authorizing President Vladimir Putin to use military force outside his country and U.S. President Joe Biden and European leaders responding by slapping sanctions on Russian oligarchs and banks. Both leaders signaled that an even bigger confrontation […]
Text size Dreamstime A few major crypto themes are emerging for 2022, including blockchain-based metaverse gaming and “super apps” for trading and lending digital assets. More regulation is also likely as the government aims to raise tax revenue from crypto, treat “stablecoin” issuers like banks, and develop rules for the […]
Supply chain woes — ensnaring goods from around the world and adding to inflationary pressures as consumers and companies scramble to find scarce products — are slowly receding just ahead of Christmas. At bottlenecked West Coast shipping hubs that have played host to countless cargo ships, port officials note that […]
U.S. stock futures rose during early morning trading on Friday, ahead of earnings from the major banks. Futures contracts tied to the Dow Jones Industrial Average advanced 88 points, or 0.24%. S&P 500 futures were up 0.28%, while Nasdaq 100 futures rose 0.38%. All of the major averages slid during […]