Business

Elon Musk's Twitter is working on a 'high'-risk paid video feature

Elon Musk’s Twitter is working on a ‘high’-risk paid video feature

Comment on this story Comment Elon Musk’s Twitter is pushing ahead with plans to charge for content on the social media site, now with videos. Twitter is working on a feature to allow people to post videos to the site and then charge users to view them, with the social media company taking a cut …

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Hong Kong stocks up around 2% after previous session's rally;  Asia markets rise ahead of Fed decision

Hong Kong stocks up around 2% after previous session’s rally; Asia markets rise ahead of Fed decision

Oil prices rise following industry report of fall in US crude inventories Oil prices rose on Wednesday as demand persisted despite high interest rate hikes, industry reports showed a drop in US crude inventories, Reuters reported citing American Petroleum Institute figures released on Tuesday. Brent crude futures gained $1.31, or 1.46%, to stand at $95.87 …

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WA sues to block $4 billion Albertsons dividend ahead of Kroger merger

WA sues to block $4 billion Albertsons dividend ahead of Kroger merger

Washington’s top lawyer has asked a court to stop Albertsons from paying investors a $4 billion dividend set to be paid out ahead of the grocery retailer’s proposed merger with rival Kroger. The lawsuit, filed Tuesday by state Attorney General Bob Ferguson, is among the first targeting the proposed merger, which would combine the two …

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US exploring whether it has authority to review Musk's Twitter deal

US exploring whether it has authority to review Musk’s Twitter deal

Comment on this story Comment Large foreign investors would have access to confidential information about Twitter’s finances — and potentially its users — under the terms of Elon Musk’s deal to acquire the social media site, people familiar with the matter told The Washington Post. That revelation comes as Treasury Department officials begin looking into …

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Starbucks Broke The Law By Closing A Store That Had Just Unionized: Labor Officials

Starbucks Broke The Law By Closing A Store That Had Just Unionized: Labor Officials

Federal labor officials have filed a new and sweeping complaint against Starbucks alleging that the coffee chain retaliated against union workers by shuttering a popular location in Ithaca, New York, among other charges. A regional director for the National Labor Relations Board found merit in the union’s claim that the June store closure was meant …

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Oil industry reacts to Biden threatening potential windfall tax

Oil industry reacts to Biden threatening potential windfall tax

FOX Business host Stuart Varney argues that Biden knows inflation and gas prices are hurting him politically. Oil industry groups are reacting to President Joe Biden on Monday threatening a potential windfall profit tax or other repercussions if oil companies don’t invest in increasing US production and lowering consumer prices. The president, arguing in remarks …

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Futures: Rally Awaits Fed Signals;  AMD Moves On Earnings

Futures: Rally Awaits Fed Signals; AMD Moves On Earnings

Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures, with attention turning to Wednesday’s Federal Reserve meeting and whether policymakers will confirm or dash Fed pivot hopes. X The stock market rally reversed lower from early gains Tuesday as stronger-than-expected economic data was not what the Fed wanted to see. …

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After Elon Musk's antics on Twitter, advertisers may think twice for now  CNN Business

After Elon Musk’s antics on Twitter, advertisers may think twice for now CNN Business

New York CNN Business — Hours before news broke on Thursday that he had completed his $44 billion acquisition of Twitter, Elon Musk wrote an open letter to advertisers stressing that he doesn’t want the platform to become a “free-for-all hellscape.” But that attempt at reassuring the advertising industry, which makes up the vast majority …

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Musk teases new Twitter verification system.  Some with blue checks are seeing red.

Musk teases new Twitter verification system. Some with blue checks are seeing red.

Critics of Elon Musk’s Twitter takeover say any plan to charge users for identity verification could make information on the site less trustworthy and more vulnerable to manipulation — devaluing the company. Currently, notable users can receive the verification for free provided by them meet a series of qualifications. Musk appeared to confirm rumors Tuesday …

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After Elon Musk's antics on Twitter, advertisers may think twice for now  CNN Business

After Elon Musk’s antics on Twitter, advertisers may think twice for now CNN Business

New York CNN Business — Hours before news broke on Thursday that he had completed his $44 billion acquisition of Twitter, Elon Musk wrote an open letter to advertisers stressing that he doesn’t want the platform to become a “free-for-all hellscape.” But that attempt at reassuring the advertising industry, which makes up the vast majority …

After Elon Musk’s antics on Twitter, advertisers may think twice for now CNN Business Read More »