Powell: Fed To Keep Hiking Rates Until It Controls Inflation
WASHINGTON (AP) — Chair Jerome Powell on Tuesday underscored the Federal Reserve's determination to keep raising interest rates until there is clear evidence inflation is steadily ...
Musk Wars With Twitter Over His Buyout Deal – On Twitter
Tesla CEO Elon Musk promised that taking over Twitter would enable him to rid the social media platform of its annoying “spam bots." Now he's arguing — without presenting any evide...
Home Depot Overcomes Slow Start To Year, Rising Home Prices
Home Depot's first-quarter sales improved despite a slow spring start and the home improvement chain raised its full-year guidance.
Revenue increased about 4% to $38.91 billion,...
Musk: Doubt About Spam Accounts Could Scuttle Twitter Deal
LONDON (AP) — Tesla CEO Elon Musk says his deal to buy Twitter can't move forward unless the company shows public proof that less than 5% of the accounts on the social media platfo...
Walmart’s 1Q Profit Disappoints On Higher Costs But Sales Up
NEW YORK (AP) — Walmart reported stronger sales for the first quarter, but its profits took a beating as the nation's largest retailer grappled with surging inflation on food and f...
Musk Hints At Paying Less For Twitter Than His $44B Offer
DETROIT (AP) — Tesla CEO Elon Musk gave the strongest hint yet Monday that he would like to pay less for Twitter than his $44 billion offer made last month.
Musk told a Miami te...
McDonald’s To Sell Its Russian Business, Try To Keep Workers
More than three decades after it became the first American fast food restaurant to open in the Soviet Union, McDonald's said Monday that it has started the process of selling its b...
Rebuffed Twice, JetBlue Goes Hostile In Its Bid For Spirit
JetBlue is going hostile in its bid for Spirit Airlines and asking shareholders of the low-cost carrier to reject a proposed $2.9 billion acquisition by Frontier Airlines.
JetBl...
Elon Musk Says Twitter Deal ‘Temporarily On Hold’
LONDON (AP) — Elon Musk said Friday that his plan to buy Twitter for $44 billion is “temporarily on hold” as he tries to pinpoint the exact number of spam and fake accounts on the ...
Tesla, Twitter Shares Drop As Elon Musk’s Legal Issues Grow
DETROIT (AP) — Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion ...
Crypto Meltdown Prompts Yellen To Call For New Regulation
WASHINGTON (AP) — Treasury Secretary Janet Yellen, responding to the recent sharp decline in the value of cryptocurrencies, said Thursday that additional federal regulation was nee...
Managers Fired From Twitter Amid Musk Buyout Turmoil
In the latest sign of turmoil inside Twitter amid Elon Musk’s planned buyout of the company, a Twitter general manager, Kayvon Beykpour, is leaving after 7 years. In a series of tw...
Average Long-Term US Mortgage Rates Edge Up To 5.3%
WASHINGTON (AP) — Average long-term U.S. mortgage rates edged up again this week, with interest on the key 30-year loan at its highest level since 2009.
Mortgage buyer Freddie M...
Trump Sells Washington Hotel To Miami-Based Investor Group
NEW YORK (AP) — The lease to the Washington, D.C., hotel run by Donald Trump's family company while he was president, a symbol of his power to GOP politicians who gathered there an...
Elon Musk, An Erratic Visionary, Revels In Contradiction
As the uproar over Elon Musk’s $44 billion buyout of Twitter reaches a crescendo, another Musk drama, still chaotic four years after it began, has been back in court.
Ironically...
Edmunds Compares The 2022 Acura MDX To The 2022 Audi Q7
Acura launched its MDX three-row luxury SUV more than 20 years ago, and a redesigned fourth-generation model has arrived for 2022. It features a sleeker design, a more spacious cab...
US Casinos Had Best Month Ever In March, Winning $5.3B
ATLANTIC CITY, N.J. (AP) — Inflation may be soaring, supply chains remain snarled and the coronavirus just won't go away, but America's casinos are humming right along, recording t...
Elon Musk Says He Would Reverse Twitter’s Ban Of Donald Trump
LONDON (AP) — Elon Musk said he will reverse Twitter’s permanent ban of former President Donald Trump if the Tesla CEO follows through with his plan to buy the social media company...
Tesla Recalls 130K Vehicles; Touch Screens Can Go Blank
DETROIT (AP) — Tesla is recalling about 130,000 vehicles across its U.S. model lineup because their touch screens can overheat and go blank.
The recalls covers certain Model S s...
Musk Says He’s ‘Aligned’ With EU Approach To Digital Rules
LONDON (AP) — Elon Musk, who is offering to buy Twitter, has given his support to a new European Union law aimed at protecting social media users from harmful content after he met ...