LONDON (Reuters) – Elon Musk on Friday put his $44-billion deal for Twitter Inc temporarily on hold, sending the social media company’s shares some 20% lower in pre-market trading and on the Frankfurt stock exchange. Below are analysts’ reactions to the announcement. PETER TUZ, PRESIDENT, CHASE INVESTMENT COUNSEL, CHARLOTTESVILLE, VIRGINIA “I consider the Musk/Twitter episode…
By Noah Browning LONDON (Reuters) – The world will not be left short of oil even with lower output from sanctions-hit Russia, the International Energy Agency (IEA) said on Thursday, after it cut its predictions for supply losses from the world’s No.2 exporter for the second straight month. The IEA is now forecasting that 1…
By Elizabeth Dilts Marshall NEW YORK (Reuters) – Global shares rose on Friday and investor sentiment stabilized after a volatile week of trading, helping to push up stock indexes in the United States and Europe. Global markets, particularly U.S. stocks, have gyrated wildly this week as investors grew anxious about the possibility of recession. The…
By Devik Jain and Bansari Mayur Kamdar (Reuters) – Growth stocks led a rebound in Wall Street’s main indexes on Friday at the end of a week marred by worries about the worsening outlook for economic growth, while Twitter sank after Elon Musk put his deal for the social media company on hold. All the…
LONDON (Reuters) – A package of sanctions imposed on Russia, its top companies and its business and political elite over Moscow’s invasion of Ukraine look set to trigger a deep recession in Russia. Here is a summary of the economic consequences and Russia’s retaliatory measures: ECONOMY Almost 1,000 Western companies have either left or scaled…
WASHINGTON (Reuters) – U.S. import prices were unexpectedly flat in April as a decline in the cost of petroleum offset gains in food and other products, a further sign that inflation has probably peaked, though it will remain elevated. The unchanged reading in import prices followed a 2.9% surge in March, the Labor Department said…
By Tim Hepher PARIS (Reuters) – Plans by Airbus to host its largest investor meeting in three years have been postponed after the keenly awaited presentation clashed with Queen Elizabeth’s jubilee, ruffling feathers among the aerospace giant’s British investors and staff. Airbus officials have written to participants acknowledging the date for the Capital Market Days…
By Devik Jain (Reuters) -U.S. stock index futures rebounded on Friday at the end of a bumpy week marked by rising concerns over tighter monetary policy and slowing economic growth, while Twitter sank after Elon Musk put his deal for the social media company on hold. Twitter Inc slumped 13.8% in premarket trading after the…
A deluge of data from across major economies comes at a pivotal moment in the debate over whether central banks are jacking up interest rates into a potentially sharp global growth slowdown. And with jittery investors dumping risk assets en masse, what comes next after a crypto-currency rout is also in focus. Here’s your week…
By Alun John and Elizabeth Howcroft SINGAPORE/HONG KONG/LONDON (Reuters) – Cryptocurrencies nursed large losses on Friday, with bitcoin just above $30,000 and set for a record losing streak after the collapse of TerraUSD, a so-called stablecoin, rippled through cryptocurrency markets. Crypto assets have also been swept up in broad selling of risky investments on worries…
