Gold futures rose 0.7% to $1,936.70 an ounce–With assistance from Robert Brand, Andreea Papuc and Nathan Hager. Twitter surged as much as 31 percent after Tesla Chief Executive Elon Musk bought a 9.2 percent stake in the company. © 2022 Guardian News & Media Limited or its affiliated companies. Analysts believe the shareholding taken by Musk could eventually https://www.bankofamerica.com/ result in the 50-year-old taking an active interest in the microblogging site that could lead to a buyout. However, TWTR’s 2.42% and 1.24% respective ROE and ROA compare with the 9.85% and 3.00% industry averages. Also, its 1.80% ROTC is 60.7% lower than the industry average. TWTR’s 64.26% gross profit margin is 24.4% higher than the 51.66% industry average.
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Twitter Accepts Elon Musks $44 Billion Deal The Stock Is Climbing
"But oil prices are not expected to fall below $90 a barrel due to the prospect of a potential ban by European Union on Russian oil amid a deepening Ukraine crisis," he said. Front-month WTI crude oil futures are 1.8% lower at $100.24 per barrel, while Brent fells 1.9% to $104.65 barrel. Developments relating to Russia’s invasion of Ukraine will remain in focus, as the current situation is adding pressure on the EU to sanction Russian oil, ANZ analysts said. https://dotbig.com/ Job switching is a key driver behind broader wage growth that developed as the economy rebounded from the Covid-19 pandemic. Workers who change jobs often command bigger pay increases and employers also raise wages to compete to keep existing workers, economists say. Job-switchers are often reaping double-digit pay increases, a new survey shows, a phenomenon that is demonstrating bargaining power for workers while threatening to keep inflation high.
- Bitcoin and other major cryptos were roughly flat from the beginning of the weekend as it has been struggling to sustain positive momentum over the past few days, the report said.
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- Not long after denouncing the company for failing to maintain the fundamentals of free speech, Tesla and SpaceX CEO Elon Musk bought a substantial shares in Twitter, making him the social media business’s largest outside stakeholder.
- Founder and two-time CEO Jack Dorsey stepped down unexpectedly last November, handing the baton to longtime exec Parag Agrawal.
- Tech shares drove gains in American stocks, powered by Twitter Inc.
TWTR shares were trading at $40.81 per share on Tuesday morning, down $1.85 (-4.34%). Year-to-date, TWTR has declined -5.58%, versus a 0.45% rise in the benchmark S&P 500 index during the same period. This is justified because the company’s top-line growth did not translate to bottom-line improvement in its last reported quarter. “Musk’s actual investment is a very small percentage of his wealth, and an all-out buyout should not https://dotbig.com/markets/stocks/TWTR/ be ruled out,” wrote Zino, who covers Twitter and social media. Yet Musk has also raised the possibility, publicly before his massive and loyal Twitter following, that he could create a rival social media network. Dow Jones futures were little changed after Monday’s gains, as the stock market correction continues. Equity commitment," the news release said. "There are no financing conditions to the closing of the transaction."
General Business Overview
Discussions over the deal, which last week appeared uncertain, accelerated over the weekend after Musk wooed Twitter shareholders with financing details of his offer. Twitter has accepted billionaire Elon Musk’s $44 billion takeover bid, the company announced on Monday. FOX Business is providing real-time updates on DotBig the markets, commodities and all the most active stocks on the move. Consumer-discretionary shares helped lead the gains, with Delivery Hero SE jumping after a profit forecast. Health stocks were also higher as Roche Holding AG climbed after U.S. regulators granted a priority review for its Covid-19 drug Roactemra.
While the company delivered 310,000 vehicles in the period, the figure was slightly below expectations. Twitter earlier this year banned the personal account of far-right U.S. Rep. Marjorie Taylor Greene for multiple violations of the platform’s COVID-19 twitter stock misinformation policy. The Georgia Republican’s account was permanently suspended under Twitter’s “strike” system, which uses artificial intelligence to identify posts about the coronavirus that are misleading enough to cause harm to people.
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Powered and implemented byFactSet Digital Solutions.Legal Statement. Musk is a frequent user of Twitter and has more than 80 https://dotbig.com/markets/stocks/TWTR/ million followers on the platform. However, some of his tweets have gotten the Tesla chief into hot water over the years.
Twitters Capitulation To Musk Is Just Another Sign The Stock Market Is In Trouble
The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.334 by -$0.004. This is used by investors to assess a stock’s market price relative to its earnings. Twitter shares are trading higher following a Wall Street Journal report titled "Twitter, Elon Musk Deal Could Be Announced Monday."