CEO Elon Musk’s Twitter is looking to raise up to $3 billion to pay down its current debt of over $13 billion. According to the Wall Street Journal, Musk and his team have spoken with investors about repayment plans. The unsecured portion of the loan package carries the highest interestContinue Reading
Grants continued to increase year-over-year amid turbulent market and economic environment SAN FRANCISCO–(BUSINESS WIRE)– Schwab Charitable™, one of the largest national providers of donor-advised funds and other philanthropic resources, reports that its donors increased grants to charity in 2022 to more than $4.7 billion with a record 995,000 grants toContinue Reading
Shares of BP are up over 45% year-to-date. Sopa Images | Lightrocket | Getty Images Oil and gas giant BP on Tuesday reported stronger-than-expected third-quarter profit, supported by high commodity prices and robust gas marketing and trading. The British energy major posted underlying replacement cost profit, used as a proxyContinue Reading
(Bloomberg) — In the hours before finalizing his $44 billion acquisition of Twitter Inc., Elon Musk said he bought the social-media platform to help humanity, not to make more money. Most Read from Bloomberg Indeed, by finalizing the deal, the world’s richest person, who now calls himself “Chief Twit,” tookContinue Reading
(Bloomberg) — Chip-related stocks in Japan, South Korea and Taiwan slumped, contributing to a wipeout of more than $240 billion from the sector’s global market value after the Biden administration imposed curbs on China’s access to semiconductor technology. Most Read from Bloomberg Taiwan Semiconductor Manufacturing Co., the world’s largest contractContinue Reading
Ford Motor Co. shares dropped more than 4% in the extended session Monday after the company said inflation and parts shortages will leave it with more unfinished vehicles than it had expected, reminding Wall Street supply-chain snags are far from over for auto makers. Ford F, +1.43% said it expectsContinue Reading
Text size Adobe’s acquisition of Figma is valued at around $20 billion in cash and stock. Justin Sullivan/Getty Images Adobe reached an agreement to acquire software design platform Figma in a deal valued at about $20 billion. Figma was founded in 2012 and is a desktop application that allows usersContinue Reading
(Bloomberg) — Elon Musk sold $6.9 billion of shares in Tesla Inc. according to regulatory filings Tuesday, just months after saying he didn’t plan to sell any more stock in the pioneering electric-car maker. Most Read from Bloomberg Tesla’s chief executive officer offloaded about 7.92 million shares on Aug. 5,Continue Reading
Airbnb Inc. said Tuesday that it had its first profitable second quarter as a public company, and that it is so confident in its business that it is buying back $2 billion of its stock. “Our Q2 results demonstrate that Airbnb has achieved growth and profitability at scale,” Chief ExecutiveContinue Reading
WESTLAKE, Texas–(BUSINESS WIRE)– The Charles Schwab Corporation (“Schwab” or the “Company”) announced today that it has purchased approximately 15 million shares of its nonvoting common stock directly from TD Bank Group (“TD Bank”) for $1 billion. The shares are being acquired pursuant to Schwab’s recent repurchase authorization. Under the termsContinue Reading