Twitter Stock Rises. Elon Musk Says Its Board Isn’t Aligned With Shareholders

Twitter Stock Rises. Elon Musk Says Its Board Isn’t Aligned With Shareholders

Twitter Stock Rises. Elon Musk Says Its Board Isn’t Aligned With Shareholders. In a tweet over the weekend, the CEO of Tesla pointed out the Twitter board holds very few shares of the company and “objectively, their economic interests are simply not aligned with shareholders.” Musk’s comments were in a response to a tweet listing […]

Elon Musk Takes 9.2% Stake in Twitter After Hinting at Shake-Up

Elon Musk Takes 9.2% Stake in Twitter After Hinting at Shake-Up

First American News – Raleigh, NC: Elon Musk took a 9.2% stake in Twitter Inc. to become the platform’s biggest shareholder, a week after hinting he might shake up the social media industry. As Elon Musk Buys 9.2% Shares of the stock, Twitter shares surged as much as 27% after Musk’s purchase was revealed Monday […]

S&P 500 Falls Into Correction Territory as Russian Troops Enter Ukraine Region

S_P-500-Falls-Into-Correction-Territory-as-Russian-Troops-Enter-Ukraine-Region-by-bloomberg-subscrip

First American News LLC-Raleigh, NC: All three major stock indexes fell at least 1% after the White House called Russia’s deployment of troops into two breakaway areas of Ukraine “the beginning of an invasion.” Tensions escalated Monday after Russia moved soldiers into Ukraine’s eastern Donbas region, where Russian President Vladimir Putin has recognized two statelets […]

Alpine Woods’s Sarah Hunt Says Buy the Dip on Some Technology Stocks

Alpine Woods’s Sarah Hunt Says Buy the Dip on Some Technology Stocks

First American News LLC, Raleigh, NC: The decline in technology shares after the Federal Reserve’s hawkish pivot provides a chance for investors to pick up some bargains, said Sarah Hunt, portfolio manager at Alpine Woods Capital Investors. Get New York Times Digital Subscription “There’s a lot of opportunity in some of the tech stocks that […]

Far From Dying, the Coal Industry Is Actually Booming

Far From Dying, the Coal Industry Is Actually Booming

In late 2021, diplomats spent hours arguing over whether to “phase-out” or “phase-down” coal in the final communique of the COP26 climate change summit. Under pressure from China and India, the watered-down second choice prevailed. Still, it was good enough for the United Nations to proclaim that the dirtiest fuel was being “consigned to history.” […]

‘Crypto Winter’ Fears Chill the Battered Bitcoin Faithful

crypto winter by bloomberg subscriptions

First American News LLC, Raleigh, NC: Bitcoin’s price plunged by more than 80% to as low as $3,100 from the end of 2017 through December of the following year, a period characterized by the boom-and-bust of initial coin offerings and several big banks shelving their plans to start cryptocurrency trading desks. Bitcoin wouldn’t reach a new […]