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JPMorgan Chase CEO Jamie Dimon on Monday warned that a “very, very serious” mix of headwinds was likely to tip both the U.S. and global economy into recession by the middle of next year. Read more… US economy will soon start losing 175,000 jobs a month, Bank of America warns The Federal Reserve’s fight to
Three days after Elon Musk said he wanted to return to his original agreement to buy Twitterfor $54.20 a share, the Tesla CEO is asking the social media company to end all litigation in order to close the deal. Twitter is refusing to oblige. Read more… AMD Announces Preliminary Third Quarter 2022 Financial Results AMD
Elon Musk and Twitter Inc may reach an agreement to end their litigation as soon as Wednesday and clear the way for the world’s richest person to close his $44 billion deal for the social media platform, a source familiar with the litigation told Reuters. Read more… OPEC+ to cut oil production by 2 million
Elon Musk has reversed course and is again proposing to buy Twitter for $54.20 a share, according to a regulatory filing on Tuesday. Twitter shares closed up more than 22% on the news. Read more… US job openings drop to 10.1 million amid interest rates and a gloomy economic outlook US job openings fell more
Stocks kicked off October with more treats than tricks for investors. The market rallied to begin the fourth quarter, despite growing worries about the financial health of European banking giant Credit Suisse and weak economic data. Read more… Credit Suisse shares pare losses after earlier plunging as much as 10% Shares of Credit Suisse recovered
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