Business Highlights: Musk's Twitter bid, jobless claims

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작성자 Lorene Downie 댓글 0건 조회 3,119회 작성일 22-09-05 06:33



Tesla CEO Elon Musk offers to buy Twitter for $43 billion

NEW YORK (AP) - Tesla CEO Elon Musk has offered to buy Twitter outright, 핑카지노추천 saying the social media platform "needs to be transformed" from his perspective as a self-identified "free speech absolutist." Musk is currently Twitter´s biggest individual shareholder.

The company says in a regulatory filing that he has proposed buying the remaining shares of Twitter that he doesn´t already own at $54.20 per share. It´s an offer worth more than $43 billion. Twitter said it will decide whether accepting Musk´s offer is in the best interests of shareholders.___IMF chief: 핑카지노주소 Ukraine war and inflation threaten globa
/p> WASHINGTON (AP) - The head of the International Monetary Fund warned that Russia´s war against Ukraine was weakening the economic prospects for 핑카지노추천 most of the world´s countries and called high inflation "a clear and present danger´´ to the global economy. IMF Managing Director Kristalina Georgieva said the consequences of Russia´s invasion were contributing to economic downgrades for 143 countries, although most of them will continue to grow. The war has disrupted global trade in energy and grain and is threatening to cause food shortages in Africa and Middle East. Georgieva made her comments in remarks prepared for a speech on the eve of next week´s spring meetings of the IMF and the World


__ US jobless claims rise but remain near


ow WASHINGTON (AP) - The number of people seeking unemployment benefits ticked up last week but remained at a historically low level, reflecting a robust U.S. labor market with near record-high job openings and few layoffs. Jobless claims rose by 18,000 to 185,000, the Labor Department said, after nearly touching the lowest level since 1968 in the previous week. The four-week average of claims, which levels out week-to-week ups and downs, edged up from 170,000 to 172,000. Two years after the coronavirus pandemic sent the economy into a brief but devastating recession, American workers are enjoying extraordinary job security. Weekly applications for unemployment aid, a proxy for layoffs, have remained consistently below their pre-pandemi


__ Retail sales rise 0.5% in March ami


on NEW YORK (AP) - Retail sales rose modestly in March, but higher prices for food, gasoline and other basics took a big share of consumers´ wallets. Retail sales increased 0.5% after registering a revised 0.8% increase from January to February. Spending has been fueled by wage gains, solid hiring and more money in banking accounts. January´s increase of 4.9% was the biggest jump in spending since March 2021, when American households received a final federal stimulus check of $1,400. Excluding an 8.9% increase at gas stations, overall retail sales were actually down 0.3% last month, the U.S. Commerce Department


__ US stocks fall; investors eye Elon Musk´


er NEW YORK (AP) - Stocks are closing lower on Wall Street Thursday as investors gave mixed reviews to earnings from four of the nation´s largest banks. The S&P 500 fell 1.2% and ended a shortened trading week with a decline of more than 2%. The yield on the 10-year Treasury rose to 2.83% as inflation worries continue to overhang the markets. Investors again turned their attention to the drama surrounding Tesla CEO Elon Musk and Twitter. Musk offered to buy the social media company for $54.20 a share, two weeks after revealing he´d accumulated a 9% stake. The Commerce Department said retail sales


__ Big bank profits decline as deal-mak


ow NEW YORK (AP) - Four big banks reported noticeable declines in their first quarter profits on Thursday, as the volatile markets and war in Ukraine caused dealmaking to dry up and a slowdown in the housing market caused the mortgage market to slow. The results from Citigroup, Goldman Sachs, Morgan Stanley and Wells Fargo were similar to the results out of JPMorgan Chase, which on Wednesday reported a double-digit decline in profits for similar reasons. At Goldman Sachs, profits fell 43% to $3.63 billion. Citigroup posted a 47% decline in profits to $4.00 billion, Wells Fargo´s profits fell 21% and Morgan Stanley´s


__ A safe bet: If you want a casino job, od


de ATLANTIC CITY, N.J. (AP) - Like most businesses across the U.S., casinos are racing to hire new workers. That is leading to better wages and benefits in some places, and forcing casinos to become more creative. MGM Resorts used virtual reality goggles to let some job applicants experience what the job would be like before deciding. Atlantic City casinos are talking about setting up new transit links to bring workers from farther away to casino jobs. The American Gaming Association says nationwide there are about 1.65 million workers employed in casino-related jobs, about 91% of the staffing level before the coronavirus pandemic hit. Atlantic City´s Ocean Casino will train applicants how to become a dealer - something workers used to have to


__ US long-term mortgage rates rise; 30-y


5% WASHINGTON (AP) - Long-term U.S. mortgage rates continued to climb this week as the key 30-year loan rate reached 5% for the first time in more than a decade amid persistent high inflation. The average 5% rate on the 30-year mortgage was up from 4.72% last week, mortgage buyer Freddie Mac reports. The average rates have been showing the fastest pace of increases since 1994. The average rate on 15-year, fixed-rate mortgages jumped to 4.17% from 3.91% last week. With inflation at a four-decade high, rising mortgage rates and elevated home prices, the goal of homeownership has become the most expensive in a generation


__ The S&P 500 fell 54 points, or 1.2%, to 4,392.59. The Dow Jones Industrial Average dropped 113.36 points, or 0.3%, to 34,451.23. The Nasdaq lost 292.51 points, or 2.1%, to 13,351.08. The Russell 2000 index of smaller companies shed 20.12 points,
1%, to


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