Elon Musk proposes buying Twitter for original price of $54.20 a share

Musk had been trying for months to back out of his contract to acquire Twitter Author of the article: Bloomberg News Jef Feeley and Ed Hammond Elon Musk has made a proposal to buy Twitter for his original offer price. Photo by Jim Watson/AFP via Getty Images Elon Musk is proposing to buy Twitter Inc.… Continue reading Elon Musk proposes buying Twitter for original price of $54.20 a share

David Rosenberg: Equities are generally not pricing in a recession yet, but one asset class is

Canadian equities likely have a bit further to fall, but won’t decline as much as in prior recessionary periods Pedestrians walk past stock market numbers in Toronto’s Financial district in September. Photo by Peter J. Thompson/National Post By David Rosenberg and Brendan Livingstone Advertisement 2 This advertisement has not loaded yet, but your article continues… Continue reading David Rosenberg: Equities are generally not pricing in a recession yet, but one asset class is

Warren Buffett’s likely successor — a Canadian — buys $68M of Berkshire stock

Greg Abel invests more skin in the game to the relief of shareholders Author of the article: Bloomberg News Dan Reichl and Katherine Chiglinsky Canadian Greg Abel is the current heir-apparent to investing guru and head of Berkshire Hathaway Warren Buffett. Photo by Jim Wells /Postmedia Greg Abel, who is in line to eventually succeed… Continue reading Warren Buffett’s likely successor — a Canadian — buys $68M of Berkshire stock

Stock Market Today: Stock Rally Continues; Twitter Soars on Musk U-Turn

Stocks ran higher for a second straight day, building on Monday’s gains which saw the three major indexes each rally more than 2%. There were two different catalysts behind Tuesday’s surge. Both raised hopes that the streak of aggressive Fed rate hikes could end sooner rather than later. One came from the Reserve Bank of… Continue reading Stock Market Today: Stock Rally Continues; Twitter Soars on Musk U-Turn

Tesla Deliveries Miss Estimates. Is the EV Market at Risk?

Tesla (TSLA (opens in new tab), $242.40) reported its third-quarter production and delivery numbers this past Sunday. Investors were disappointed by the figures, and TSLA stock lost more than 8% in Monday trading. How bad were they? They weren’t all that bad. In fact, they were record-setting, with total production of 365,923, up 54% over… Continue reading Tesla Deliveries Miss Estimates. Is the EV Market at Risk?

Kim Kardashian’s $1.3 Million Crypto Fine Is a Warning to Investors

Kim Kardashian, the reality TV star, paid $1.26 million to settle charges related to her online promotion of the EthereumMax digital token, the U.S. Securities and Exchange Commission said Monday. Kardashian failed to disclose a $250,000 payment to post on her Instagram account about EMAX tokens, the digital asset associated with EthereumMax (a crypto project… Continue reading Kim Kardashian’s $1.3 Million Crypto Fine Is a Warning to Investors

October is often grim for stocks but it’s also historically been a ‘bear market killer’ – and it could happen again as the 4th quarter kicks off with a blistering rally

October could serve as a “bear market killer” for the US stock market, said Carson Wealth in a note.  Of the past 17 bear – or near bear markets – stocks have bottomed in October six times.  Markets are entering another strong season: the period after a midterm election.  Loading Something is loading. US stocks… Continue reading October is often grim for stocks but it’s also historically been a ‘bear market killer’ – and it could happen again as the 4th quarter kicks off with a blistering rally