PayPal’s crypto offering could be facing its last days if activist hedge fund Elliott Management has its say. The hedge fund recently took a stake in the beleaguered payments behemoth, according to the Wall Street Journal. The amount of the stake and what Elliott paid was not disclosed. Elliott could encourage PayPal to eliminate its crypto offering…
Apple (AAPL) – Get Apple Inc. Report held its rank. The world’s most valuable company just gave investors, worried about the coming recession, what they wanted to hear: the economy is slowing, but not catastrophically. The giant of Cupertino in California has indeed announced quarterly results above analysts’ expectations. Apple earned more than $19.44 billion for…
WASHINGTON — Senate Minority Leader Mitch McConnell (R-Ky.) said last month that he wouldn’t allow the Senate to pass a bipartisan bill on computer chips if Democrats tried to revive their “Build Back Better” agenda. On Wednesday, the Senate approved the bipartisan tech manufacturing bill, and hours later Democrats announced a breakthrough on their big…
Elon Musk uses his influence to sway public opinion and does not hide it. The billionaire and CEO of Tesla (TSLA) – Get Tesla Inc. Report regularly shares with his more than 102 million followers on Twitter his positions, his emotions and his anger. Sometimes when he’s down, those millions of die-hard fans and admirers ask…
Share to FacebookShare to TwitterShare to Linkedin Guillermo Rauch, founder and CEO of Vercel, one of more than 300 immigrant-founded billion-dollar … [+] companies. Vercel Tomas Gorny grew up in Poland under communism. But after moving to the U.S. and taking odd jobs like washing dishes and saving money from small ventures, he cofounded the…
Elon Musk periodically faces choices and makes them. Perhaps the knottiest one is whether and when to focus on his positions as Tesla’s (TSLA) – Get Tesla Inc. Report CEO and as a celebrity. The man has more than 102 million followers on Twitter, and many of those millions stand ready to defend him at all…
Former President Donald Trump gloated over a poll identifying Mitch McConnell as the least popular US senator, making the questionable claim that he was to thank.In the latest attack in his feud with the Senate minority leader, Trump posted a screenshot Monday of a Morning Consult poll on his Truth Social page. It was accompanied…
Marc Short, the ex-chief of staff to former vice president Mike Pence, said during a Monday interview that he believes there would have been a “massacre” on January 6, 2021, if the rioters who breached the US Capitol that day had gotten closer to the then-vice president, according to ABC News.Short — who was with…
Share to FacebookShare to TwitterShare to LinkedinTopline Weber replaced CEO Chris Scherzinger and warned of upcoming layoffs Monday, sending shares down 20% as the grill-maker wrestles with a drop in sales and embraces “historic macroeconomic challenges.” Weber shares fell 20.37% Monday morning, to $6.01 from $7.54 Sunday afternoon. (AP Photo/Charles … [+] Krupa) Copyright 2019…
Share to FacebookShare to TwitterShare to LinkedinTopline The European Commission on Monday has given Danish biotech Bavarian Nordic permission to expand the label of its smallpox vaccine to include protection against monkeypox, days after the World Health Organization sounded the alarm over the accelerating outbreak. Bavarian Nordic can market its vaccine for use against monkeypox…
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