Elon Musk’s Twitter Takeover Faces Choppy Debt Markets

Elon Musk’s ability to raise debt for his revived takeover of Twitter Inc. is likely to face turbulence in a market that has become less receptive than it was a few months ago. Mr. Musk would need roughly $13 billion of debt as secondary market conditions remain exceptionally tough for high-yield debt.

Micron to Spend Up to $100 Billion on Chip Factory in New York State

Micron Technology Inc. has agreed to invest as much as $100 billion to build a semiconductor-manufacturing campus in upstate New York, adding to a wave of chip-making plans in the US as Washington tries to boost domestic manufacturing of those critical components. The chip maker said Tuesday that it intends to build the largest semiconductor-fabrication … Read more

Elon Musk says Twitter will eventually be part of ‘X, the everything app’

Elon Musk has a new plan for Twitter Inc. after giving up a legal battle and agreeing to pay $44 billion for the company Tuesday. ““Buying Twitter is an accelerant to creating X, the everything app”“ — Elon Musk That tweet was Musk’s first public statement Tuesday about the decision, which was revealed in a … Read more

Gresham Technologies Sees 2022 Revenue Ahead of Market Views

By Michael Susin Gresham Technologies PLC said Tuesday that it expects revenue and earnings to be ahead of market expectations for 2022, and committed renewals to boost revenue in 2023. The software and services company said that revenue for the full year is forecast to be above market expectations of 42.0 million pounds ($47.6 million) … Read more

Supreme Court won’t hear MyPillow CEO Mike Lindell’s defamation case

WASHINGTON (AP) — The Supreme Court says it won’t intervene in a lawsuit in which Dominion Voting Systems accused MyPillow chief executive Mike Lindell of defamation for falsely accusing the company of rigging the 2020 presidential election against former President Donald Trump. As is typical, the high court did not say anything Monday about the … Read more

US stock futures start fourth quarter on cautious note as Fed tightening anxiety lingers

US stock futures on Monday were starting the final quarter on a muted note as fears about the impact of tighter Fed policy continued to suppress sentiment. How are stock index futures trading S&P 500 futures ES00, -0.38% dipped 2 points, or 0.1%, to 3599 Dow Jones Industrial Average futures YM00, -0.09% rose 65 points, … Read more

PC Demand Is Tanking. What It Means for Nvidia, AMD and Intel Stock.

Susquehanna is getting more pessimistic about the outlook for PC sales. On Thursday, semiconductor analyst Christopher Rolland reduced his price targets for Nvidia (ticker: NVDA ) stock to $180 from $190, Advanced Micro Devices ( AMD ) stock to $95 from $115, and Intel ( INTC ) stock to $23 from $33, citing falling demand … Read more

PC Demand Is Tanking. What It Means for Nvidia, AMD and Intel Stock.

Susquehanna is getting more pessimistic about the outlook for PC sales. On Thursday, semiconductor analyst Christopher Rolland reduced his price targets for Nvidia (ticker: NVDA ) stock to $180 from $190, Advanced Micro Devices ( AMD ) stock to $95 from $115, and Intel ( INTC ) stock to $23 from $33, citing falling demand … Read more

Altria and Juul end noncompete deal: Here’s what that means for e-cigarette sales and marketing

Altria Group Inc. said Friday it has taken a step that extricates it from its noncompete arrangement with vaping company Juul Labs Inc., freeing both companies to pursue their own strategies. In a regulatory filing, the tobacco giant MO, -1.92% said it has exercised an option to be released from noncompetition obligations relating to its … Read more

These 20 stocks in the S&P 500 tumbled between 20% and 30% in September

Stocks declined again on Friday, closing out September with large losses across the board as the rally from the June lows partway through August faded into memory. The S&P 500 SPX, -1.51% fell 1.5% on Friday. The benchmark index slumped 9.3% for September, leading to a 2022 loss of 24.8%. The Dow Jones Industrial Average … Read more