Billionaire Tesla CEO Elon Musk acknowledged Thursday he is “not sure” he’ll actually be able to buy Twitter, hours after he made an offer to acquire the company.
Asked by TED’s Chris Anderson if there was a “Plan B” if his current offer were rejected, Musk said, “there is.”
President Joe Biden’s approval rating slid to a new low of 38%, according to CNBC’s All-America Survey.
His approval rating on the economy dropped for a fourth consecutive survey.
As inflation rises, 47% of participants say the economy is “poor,” the highest number in that category since 2012.
Two Chinese carriers have been shipping more empty export containers than loaded exports out of the two biggest U.S. ports.
The top two carriers that transported more empty containers than loaded U.S. exports out of the Port of Los Angeles were OOCL and its Shanghai-based parent company, COSCO.
The risk that the Federal Reserve accidentally tips the U.S. economy into recession as it combats inflation is rising, according to JPMorgan Chase CEO Jamie Dimon.
“I’m simply pointing out that those are storm clouds on the horizon that may disappear, they may not,” Dimon said.
In the event that a recession does develop, the bank would “have to put up a lot more” for loan loss reserves, Dimon told reporters.
Uber has been granted a 30-month license to operate in London, according to Transport for London.
The move ends a years-long spat with the agency, which twice revoked Uber’s London license.
Agreement will see BP purchase a 49% stake in an offshore wind project proposed for waters off Japan’s coast.
The Japanese government is targeting 10 gigawatts of offshore wind by 2030.
In recent times, several firms have put together plans related to offshore wind in Japan.
Apple is preparing a hardware subscription service for iPhones that could launch as soon as the end of this year, Bloomberg News reported on Thursday.
The move would represent the culmination of a longtime Apple investor desire to see the company sell its hardware as a subscription, which would boost recurring revenue and could lead to an increase in the stock price.
Firefly Aerospace aims to make its second attempt to reach orbit with its Alpha rocket in the coming weeks, having received government approval to resume launch operations.
Private equity firm AE Industrial Partners last month acquired stake in Firefly from a fund run by Ukrainian entrepreneur Max Polyakov, who came under scrutiny for national security concerns.
Firefly also closed a $75 million fundraise led by AE Industrial Partners, which Markusic says means the company’s broader growth plan is “fully funded.”
The gains came as traders continued to eye the latest with ceasefire negotiations in Ukraine and China Covid lockdowns that could wreak havoc on tech supply chains. Investors were anticipating a big Federal Reserve monetary decision Wednesday, where the central bank is expected to hike rates for the first time since 2018.
The broad market index rose 2%, though it was still about 11% from its record. The Dow Jones Industrial Average added 631 points, or 1.9%, while the tech-heavy Nasdaq Composite gained about 2.8%.
Didi shares plunged 44% on Friday and are now 87% below the IPO price last year.
The dramatic drop is worrisome for SoftBank and Uber, the Chinese company’s two largest shareholders.
Both companies have already taken a hit on the investment.
