The Twitter shareholder is suing Elon Musk for damaging the company’s shares

The Twitter shareholder is suing Elon Musk for damaging the company’s shares

A new lawsuit on behalf of Twitter shareholders was filed against Elon Musk in the San Francisco Federal District Court on Wednesday night, alleging that Tesla’s CEO was actively manipulating the company’s shares for personal gain. The complaint focuses on Musk’s behavior after signing a purchase agreement with Twitter on April 25, especially his recent … Read more

3 Dollar General statements, Dollar Tree earnings that made stocks jump

3 Dollar General statements, Dollar Tree earnings that made stocks jump

Dollar General and Dollar Tree stores Getty Images Shares of Dollar General and Dollar Tree rose on Thursday as discounters exceeded expectations for quarterly earnings on Wall Street, boosted the outlook for next year and spoke to consumers looking for lower prices during inflation. As of noon on Thursday, shares of Dollar General rose about … Read more

Twitter, Macy’s, Nvidia, Lululemon and others

Twitter, Macy’s, Nvidia, Lululemon and others

The Lululemon sign hangs in front of their store at Woodbury Commons Premium Outlets on November 17, 2019 in Central Valley, New York. Gary Hershorn Corbis News Getty Images Check out the companies leading the headlines in lunch trading on Thursday. Macy’s – Shares jumped 17.8% after the department store chain reported better-than-expected quarterly results … Read more

The CEO’s salary increased by 17% in 2021 as profits increased; towed workers

The CEO’s salary increased by 17% in 2021 as profits increased;  towed workers

NEW YORK (AP) – Even when regular workers earn their biggest promotions in decades, they seem minimal compared to what CEOs get. The typical compensation package for CEOs who run companies in the S&P 500 rose 17.1 percent last year to an average of $ 14.5 million, according to data analyzed by Equilar’s Associated Press. … Read more

Global stocks are rising for relief in minutes from the Fed

Global stocks are rising for relief in minutes from the Fed

NEW YORK, May 26 (Reuters) – Global stock markets rose on Thursday and bond yields fell as no last-minute hawks surprised the US Federal Reserve to allay immediate concerns about the impact of rising interest rates. on economic growth. Wall Street has extended its rally since Wednesday. By mid-morning, all three major US stock indexes … Read more

China’s Zero Covid: 100,000 employees attend emergency meeting of State Council for Economic Recovery

The unexpected video conference from the State Council was attended by officials at the provincial, city and municipal levels, according to a report by the government’s Global Times. High-ranking Chinese officials were also present, including Prime Minister Li Keqiang, who called on the authorities to take action to maintain jobs and reduce unemployment. Lee said … Read more

GDP for the first quarter decreased by 1.5%, worse than expected; unemployment applications are lower

A “We Hire!” Sign was placed at Starbucks in Los Angeles, California. Mario Tama Getty Images The US economic contraction at the beginning of the year was worse than expected, as weak business and private investment failed to offset strong consumer spending, the Commerce Department said on Thursday. GDP for the first quarter fell by … Read more

GDP for the first quarter decreased by 1.5%, worse than expected; unemployment applications are lower

A ‘We hire!’ The sign was placed at Starbucks in Los Angeles, California. Mario Tama Getty Images The US economic contraction at the beginning of the year was worse than expected, as weak business and private investment failed to offset strong consumer spending, the Commerce Department said on Thursday. GDP for the first quarter fell … Read more

Chipmaker Broadcom to buy cloud services firm VMware in a $ 61 billion deal

May 26 (Reuters) – Broadcom Inc (AVGO.O) said on Thursday it would acquire cloud computing company VMware Inc (VMW.N) in a $ 61 billion deal in cash and shares, the manufacturer’s largest and boldest offer. of chips to diversify your business into enterprise software. The acquisition is the second largest announced worldwide so far this … Read more