Twitter founder Jack Dorsey (left) said he won’t be Twitter’s CEO after Elon Musk (right) completes his buyout of the firm.Dimitrios Kambouris/Getty Images for The Met Museum/Vogue/Joe Raedle/Getty Images Twitter’s founder Jack Dorsey quashed speculation that he would be back to lead the company. “Nah, I’ll never be CEO again,” Dorsey tweeted on Wednesday. Dorsey […]
The wheels have really come off the wagon of the stock market and Cathie Wood’s ARK Invest has, arguably, seen the most dramatic fall from its parabolic rise, amid the current downdraft in markets. However, the S&P 500 SPX, -1.65% hanging on the precipice of a bear market — a decline of at least 20% […]
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 1, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register World stocks drop to 1-1/2 yr low, down almost 20% YTD Europe opens down 2% US equity futures struggle Dollar hits 2yr highs on […]
Bitcoin plunged further below the $30,000 mark as investors fled cryptocurrencies. Jaap Arriens | NurPhoto | Getty Images Bitcoin slumped below $27,000 Thursday for the first time in over 16 months, as cryptocurrency markets extended their losses amid fears over rising inflation and the collapse of a controversial stablecoin project. The price of bitcoin plunged […]
Rivian has posted its Q1 2022 results and shareholder letter after market close today, showing $95 million in revenue and a loss of $1.593 billion for the quarter ($1.77 per share), up from a loss of $414 million from the same quarter last year. It ended the quarter with nearly $17 billion in cash, largely […]
Brian Armstrong owns 16% of Coinbase and controls 59.5% of its voting shares. It’s been a long few weeks since the crypto crowd was partying in Miami. Coinbase Global Inc. founder Brian Armstrong had a personal fortune of $13.7 billion as recently as November and about $8 billion at the end of March. That’s now […]
Aramco is now worth about $2.43 trillion, compared with Apple’s $2.37 trillion, according to data from Refinitiv. Market capitalizations fluctuate frequently: earlier this year, Manzana (AAPL) hit the $3 trillion mark, becoming the first to do so and making it by far the most valuable company on the planet. But the latest market moves point […]
Saudi Aramco’s market value surpassed that of tech giant Apple on Wednesday. The oil market has been boosted by fears of a supply crunch due to the war in Ukraine. Tech stocks have been hit by growth concerns on the back of interest rate hikes. loading Something is loading. On Wednesday, oil giant Saudi Aramco […]
Two Starbucks stores in Santa Cruz, California, voted to unionize, becoming the first two Starbucks store in California to do so. A third Santa Cruz store will vote to unionize in June. | VideoPlayer | Santa Cruz Starbucks unionization push follows national trend of increased union approvalBy a vote of 15 to two the Starbucks […]
Placeholder while article actions load Actor James Cromwell superglued his hand to a Starbucks counter in Midtown Manhattan on Tuesday. He, along with several members of PETA — where he serves as an honorary director — was protesting the chain’s policy of adding a surcharge for nondairy milk in its coffee creations. PETA live-streamed the […]