Money
Elon Musk blows up $44b Twitter deal
After months of speculation, Elon Musk is ending his $44 billion deal to buy Twitter, though it might not be that easy
In what might be the most expensive case of buyers remorse the world has ever seen, Elon Musk is backing out of his deal to buy Twitter.
But Twitter’s board chair Bret Taylor said the company is still committed to closing the deal at the agreed-upon price and plans to pursue legal action to enforce the agreement.
In the letter, disclosed in a Securities and Exchange Commission filing, Skadden Arps attorney Mike Ringler said that “Twitter has not complied with its contractual obligations.”
Spam accounts
Musk has previously said he wanted to test Twitter’s claims that about 5% of its active users are spam accounts.
Twitter continually denied this to be true.
“Twitter has failed or refused to provide this information,” Ringler claimed. “Sometimes Twitter has ignored Mr. Musk’s requests, sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it has claimed to comply while giving Mr. Musk incomplete or unusable information.”
“While this analysis remains ongoing, all indications suggest that several of Twitter’s public disclosures regarding its mDAUs are either false or materially misleading,” Ringer alleged.
“Despite public speculation on this point, Mr. Musk did not waive his right to review Twitter’s data and information simply because he chose not to seek this data and information before entering into the Merger Agreement,” Ringer added.
“In fact, he negotiated access and information rights within the Merger Agreement precisely so that he could review data and information that is important to Twitter’s business before financing and completing the transaction.”
Twitter shares were down about 6% after hours on Friday.
While Musk is now officially seeking to walk away from the deal, this saga is likely far from over.
Money
Global markets outperform US stocks by largest margin as AI tech rallies in 2025
Global markets outperform US stocks in 2025, marking widest gap since 2009 as international gains surge
Global markets outperform US stocks in 2025, marking the widest gap since 2009 as international gains surge
– Global markets outperformed U.S. stocks in 2025, with international equities showing significant gains.
– Helen Jewell highlighted that international performance was key, aided by the U.S. dollar’s decline.
In 2025, U.S. investors watching AI stocks closely may have missed the bigger picture: international markets delivered their strongest performance against U.S. equities in over three decades. While the S&P 500 rose just 15%, foreign markets outperformed by more than 10 percentage points, led by South Korea, Peru, and other European nations.
Helen Jewell, BlackRock’s CIO, highlighted that the dollar’s 13% decline earlier in the year further amplified returns for Americans holding foreign assets. This marked the widest performance gap since 2009 and reminded investors of the value of diversification beyond domestic tech giants.
Continued Tech Rally
Nvidia, Tesla, and Palantir Technologies emerged as the most-viewed ticker pages on Yahoo Finance in 2025. Nvidia alone attracted 250 million page views, while Palantir soared an eye-popping 140% for the year. Despite this hype, the S&P 500 lagged behind global peers, showing that concentrated U.S. tech gains can mask broader market opportunities.
U.S. stocks saw a boost after Micron Technology exceeded earnings expectations, jumping 10% on strong AI-related demand. The Technology Select Sector SPDR Fund also gained 1.5%, driven by semiconductor optimism. However, analysts warn investors to avoid over-concentration in U.S. tech, even if AI-driven rallies persist into 2026.
As portfolios prepare for next year, the key question is whether semiconductor demand will expand beyond AI applications. Diversification remains essential, balancing excitement over tech gains with the risks of narrow market exposure.
Money
Australia’s sharemarket set for weakest annual return in three years
Australia’s sharemarket set for weakest return in three years; gains from gold and critical minerals offset blue-chip losses.
Australia’s sharemarket set for weakest return in three years; gains from gold and critical minerals offset blue-chip losses.
Australia’s sharemarket is on track for its weakest annual return in three years, with the S&P/ASX 200 Index expected to finish 2025 up around 6 per cent. Investors are feeling the impact of major losses from blue-chip companies, including Commonwealth Bank and CSL, which have dragged overall performance.
Despite the slow year, certain sectors provided a boost. Gains were largely driven by surging gold prices and rising interest in critical minerals, helping offset some of the losses from larger companies.
Smaller companies in the resources sector outperformed their larger counterparts, highlighting a shift in investor focus towards niche opportunities and high-demand commodities.
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Money
US stocks surge amid AI hype despite market volatility
US stock market bounced back, S&P 500 up 16% in 2023, driven by AI excitement amid policy uncertainties.
US stock market bounced back, S&P 500 up 16% in 2023, driven by AI excitement amid policy uncertainties.
The US stock market has experienced a rollercoaster year, with the S&P 500 nearly entering a bear market in April due to tariff concerns. Investor sentiment shifted following policy changes from President Trump, setting the stage for a dramatic rebound.
By June, the S&P 500 was hitting new records, fueled by excitement over artificial intelligence and its impact on the tech sector. Corporate profit forecasts improved, contributing to an overall annual gain of 16%, despite ongoing market fluctuations.
Yet, the S&P 500 still trails international markets, reflecting lingering policy uncertainties in the US.
Investors are watching closely to see how domestic and global factors will shape the next year.
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