Tesla's stock slide raises doubts about Elon Musk's Twitter purchase
CNN
Elon Musk's bold plan to buy Twitter depends partly on how his investment in Tesla is doing. Uh-oh.
Shares of Tesla (TSLA) have plummeted about 20% since Musk first disclosed plans to buy all of Twitter and take it private. That's a key reason why Twitter's stock (TWTR) is now more than 10% below Musk's proposed $54.20 a share purchase price.
Twitter's stock is hovering around $47.50. That's only a bit above the $46.76 midpoint between Musk's takeover offer price and $39.31 — the price at which Twitter shares were trading when Musk first disclosed that he had taken a more than 9% stake in the company early last month.
A new rule by the Federal Communications Commission will make it impossible for US consumers to buy the next generation of foreign made drones, including DJI.
CBS News editor in chief Bari Weiss decided to shelve a planned “60 Minutes” story titled “Inside CECOT,” creating an uproar inside CBS, but the report has reached a worldwide audience anyway.
Earlier this month, after President Donald Trump blasted “60 Minutes” for interviewing Marjorie Taylor Greene, correspondents noticed a change behind the scenes.
Paramount has upped the ante in its hostile takeover bid for Warner Bros. Discovery, announcing Monday that Larry Ellison will personally guarantee the tens of billions of dollars he is putting up to bankroll the transaction. The Ellisons will also let shareholders peer into the finances of their family trust.
Thieves are increasingly targeting the copper wires that keep America’s power grids and phone networks running.
You don’t get labeled the “Oracle of Omaha” for nothing.
An estimated $1.6 billion is up for grabs in Monday’s Powerball draw after the jackpot rolled over on Saturday.
“60 Minutes” just suffered a severe blow to its credibility. Now one of its own correspondents fears the program is being “dismantled,” and some employees are threatening to quit.
Popular Kentucky bourbon maker Jim Beam plans to pause production at its main distillery next year, according to the James B. Beam Distilling Company.
The opening was shy of analysts’ expectations that it could earn more than $100 million, but it also earned roughly $257 million internationally, bringing its global opening to $345 million.
The costs of social outings can add up, and some young adults are compromising by renting clothes instead of buying high-end luxuries.
As America’s labor market slows, AI-led interviews and auto-generated cover letters are dramatically changing the process of getting a job. And maybe not for the better.
Someone could become $1.5 billion richer after this evening — if they pick the winning numbers in the latest Powerball jackpot.