By Noel Randewich (Reuters) -Shares of Tesla Inc pared early gains while Twitter Inc surged on Tuesday after reports that billionaire Elon Musk proposed to go ahead with his takeover of the social media platform at $54.20 per share. Twitter jumped almost 13% to $47.93 before the stock was halted after a report from Bloomberg…
WASHINGTON (AP) — Devastated by Russia’s invasion eight months ago, the Ukrainian economy will plunge 35% this year, the World Bank forecast Tuesday. The war has destroyed factories and farmland and displaced millions of Ukrainians. The World Bank, a 189-country anti-poverty agency, estimates that rebuilding the country will cost at least $349 billion, 1.5 times…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings fell by the most in nearly 2-1/2 years in August, suggesting that the labor market was starting to cool as the economy grapples with higher interest rates aimed at dampening demand and taming inflation. Despite the fifth month of decreases in job openings this year reported…
By Ankika Biswas and Bansari Mayur Kamdar (Reuters) – The Nasdaq led Wall Street higher on Tuesday, powered by megacap growth and technology stocks as U.S. Treasury yields dipped, while Twitter Inc jumped on reports Elon Musk is proposing to go ahead with his original offer for the social media firm. If gains hold, the…
The tumultuous saga of Elon Musk’s on-again off-again purchase of Twitter took a turn toward a conclusion Tuesday after the mercurial Tesla CEO proposed to buy the company at the originally agreed-on price of $44 billion. Musk made the surprising turnaround not on Twitter, as has been his custom, but in a letter to Twitter…
NEW YORK (Reuters) – Social and infrastructure investments can be key drivers of growth for Latin America and the Caribbean as countries now face the longer-term effects of the pandemic on education and health, the World Bank said in a report on Tuesday. Cutting energy subsidies and other ineffective public spending while increasing transfers to…
NEW YORK (AP) — More than half of Americans believe it’s unlikely younger people today will have better lives than their parents, according to a new poll from the University of Chicago Harris School of Public Policy and The Associated Press-NORC Center for Public Affairs Research. Most of those polled said that raising a family…
By Daniel Wiessner (Reuters) -McDonald’s Corp has temporarily beaten back a lawsuit by 52 Black former franchise owners who claim the fast-food chain set them up for failure by steering them toward crime-ridden, low-income neighborhoods. A federal judge in Chicago dismissed the 2020 lawsuit in a written order last week, but gave the plaintiffs until…
BERLIN (AP) — German energy company RWE said Tuesday that it will phase out the burning of coal by 2030, saving 280 million metric tons of climate-changing greenhouse gas emissions. The decision will accelerate the closure of some of Europe’s most polluting power plants and a vast lignite strip mine in western Germany. It will…
Airlines will be required to give flight attendants at least 10 hours off duty between shifts, one more hour than currently, under a rule announced Tuesday by the Federal Aviation Administration. Acting FAA Administrator Billy Nolen said that the extra hour of rest would contribute to safety. The rule goes into effect in 30 days,…
