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Topline Shares of Amazon collapsed Friday after the ecommerce monolith reported worse-than-expected earnings spurred by high inflation and lingering supply chain constraints, pushing the stock down more than 30% below its record high and extending a slate of massive losses among formerly high-flying technology firms. Key Facts Amazon stock tumbled as much as 12.5% Friday…
Topline Prospective Twitter owner Elon Musk followed up on his $44 billion commitment to buy the company by posting one of the most successful weeks by any user in the platform's history—at least in terms of interactions—authoring the top eight tweets over the past seven days (see the bottom of the post for the full…
Updated Apr 29, 2022, 12:07pm EDT Topline As he looks to finance his massive acquisition of social media company Twitter, Elon Musk sold another 5.2 million shares of Tesla for roughly $4.5 billion, bringing his total share sales this week to nearly 10 million, according to new filings with the Securities and Exchange Commission released…
Topline Stocks plunged on Friday and hit new lows for 2022, wrapping up a brutal sell-off this month as investors continued to dump tech shares amid ongoing uncertainty around an economic slowdown caused by surging inflation and the prospect of aggressive interest rate hikes. Key Facts The Dow Jones Industrial Average fell 2.8%, over 900…
Topline A man in Colorado has tested positive for an H5 bird flu virus, state officials and the Centers for Disease Control and Prevention said on Thursday, marking the first recorded human infection in the U.S. of the highly contagious virus that is ripping through commercial flocks and wild birds, but that experts say poses…
A merican tourists caused a bomb scare at Israel's largest international airport yesterday when they tried to bring an unexploded artillery shell through a security checkpoint. A member of the family had reportedly picked up the explosive as a souvenir on a visit to the Israeli-occupied Golan Heights , airport officials told The Times of…
Updated Apr 29, 2022, 04:18pm EDT Topline Former German tennis star Boris Becker—whose off-court troubles have overshadowed his athletic success—was sentenced Friday to two and a half years in prison after a U.K. court found he withheld hundreds of thousands of dollars in assets after declaring bankruptcy in 2017, according to multiple reports . Key…