Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Musk’s lawyer pleads with the judge to have the Twitter hearing delayed

Published

on

Elon Musk’s lawyer pleads with the judge to have the Twitter hearing delayed, asks for investigation into whistleblower’s claims

Elon Musk’s lawyer has urged the court to delay the Twitter trial, so a whistleblower’s claims can be investigated. The case surrounds Musk’s desire to distance himself from his $44 billion without having to pay a termination fee.

The billionaire’s representation has requested a delay of several weeks, with the whistleblower claiming the Twitter platform has serious security deficiencies.

Musk’s acquisition of the social media giant had cracks in it from day one. The Tesla boss asked Twitter execs to produce information around the number of bots and false accounts on the platform almost immediately after announcing his intention to buy.

Do the whistleblower’s claims stack up?

New information shared by Twitter’s former Head of Security, Peiter Zatko, claims the platform lacks robust data security processes. This helped to support Musk’s reluctance to continue with the purchase.

But current Twitter execs have slammed Zatko’s claims as false. They also accused Musk of grasping at any information possible to back out of their agreement without paying the fee.

Observing this entire situation, it was clear from the beginning that  Musk rushed the purchase announcement. He failed to complete the due diligence required for an acquisition of such significant proportions.

The announcement was accompanied by bold claims surrounding what Musk would change on the platform, once he became the owner.

The initial media coverage generated by these announcements was astronomical. But once this eased, it became clear that Musk was beginning to stall the acquisition process – and his list of requirements from Twitter grew, in line with his reluctance follow through.

Now that Musk wants out, he is trying anything to walk away from the deal with as little cost to him as possible. Musk and the purchase of Twitter may be the most expensive impulse buy in history.

Dr Karen Sutherland is a Senior Lecturer at the University of the Sunshine Coast where she designs and delivers social media education and research. Dr Sutherland is also the Co-Founder and Social Media Specialist at Dharana Digital marketing agency focused on helping people working in the health and wellness space.

Money

Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Published

on

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.


Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews


Download the Ticker app

Continue Reading

Money

Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

Published

on

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

video
play-sharp-fill
In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.Banner

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.


Download the Ticker app

Continue Reading

Money

Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Published

on

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.


Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar


Download the Ticker app

Continue Reading

Trending Now