Musk Proposes to Buy Twitter for Original Price of $54.20 a Share

Musk Proposes to Buy Twitter for Original Price of .20 a Share

Musk’s legal team was getting the sense that the case was not going well, as Judge Kathaleen St. J. McCormick sided repeatedly with Twitter in pretrial rulings, according to one person familiar. Even with the late emergence of a Twitter whistleblower who alleged executives weren’t forthcoming on security and bot issues, there were concerns Musk’s … Read more

Gucci, Prada At Goodwill? New Resale Site Will Feature Luxury Brands

Gucci, Prada At Goodwill?  New Resale Site Will Feature Luxury Brands

(Bloomberg) — Goodwill is making its first big push online with GoodwillFinds, a curated marketplace of donated goods that seeks to compete with Poshmark Inc. and RealReal Inc., secondhand sites where resale has become sport to shoppers hunting luxury brands to flip for profit. Launching with more than 100,000 items that typically fill the racks … Read more

India Enters 5G Era as Debt-Laden Carriers Gird to Spend Billions

India Enters 5G Era as Debt-Laden Carriers Gird to Spend Billions

To capitalize on 5G, China has been rolling out smartphone apps and industrial projects such as super high-definition live streaming, remote manufacturing, virtual reality and robotic surgery arms. The country’s three state-owned carriers have introduced more than 25,000 such applications, according to a news article posted by the State Council on its website in August. … Read more

Raging Markets Selloff in Five Charts: $36 Trillion and Counting

Raging Markets Selloff in Five Charts:  Trillion and Counting

Gauges of currency and bond volatility have been a leading indicator of the ongoing rout. They have been elevated most of this year, with the ICE BofA Treasury volatility index approaching levels hit when the pandemic erupted in 2020. However, the CBOE Volatility Index, known as Wall Street’s fear gauge, remains below levels seen during … Read more

Tencent Loses Crown in World’s Biggest Stock Wipeout

Tencent Loses Crown in World’s Biggest Stock Wipeout

“There are no positive catalysts for Tencent in the second half, since its earnings will continue to be under pressure from the weak macro environment,” said Kenny Wen, head of investment research at KGI Asia Ltd. “And even when that improves in China, we are in an era of monetary tightening, so it will be … Read more

China’s Race to Avoid a Wall Street Ban Is Off to a Tense Start

China’s Race to Avoid a Wall Street Ban Is Off to a Tense Start

The latest high-stakes drama between the world’s biggest superpowers is unfolding in the unlikeliest of places: a Hong Kong office tower full of accountants. .

NASA Delays Artemis I Moon Launch Again on Tropical Storm Risk

NASA Delays Artemis I Moon Launch Again on Tropical Storm Risk

During the test, two hydrogen leaks emerged as engineers fueled the SLS rocket, as well as other technical issues. While one of the leaks eventually abated after some troubleshooting, the second leak that cropped up later in the test would have prevented a launch if NASA had hoped to fly that day. .