Agrawal noted that despite Musk’s decision not to join the company’s board as an active shareholder, his input will still be invaluable in moving the firm forward.
According to the announcement, the sale is due to be completed in the following weeks.
Despite the hike in interest rate by 25 basis points back in March, inflation is still not well tamed in the US and the stock market is pricing in this reality.
Berkshire Hathaway has invested approximately $4.2 billion in HP.
The Fed plan to reduce its balance sheet and raise interest rates is already impacting European stocks, with several indexes set to decline.
COIN stock is under pressure after Mizuho analyst said that the company’s NFT plans could backfire considering dwindling interest in the NFT market.
Should the acquisition materialize, JetBlue and Spirit Airlines will have 32,000 employees combined and will be headquartered in New York.
Advanced Micro Devices stocks are up 35.72% in the past year. However, they have declined approximately 23.19% YTD.
Events surrounding Elon Musk’s tweets in recent times have suggested that he might have some interest in the social media platform.
Drawing on the potential for more aggressive buyouts by Musk, Twitter investors are refusing to sit on the sidelines and watch the shares climb to a whole new pedestal.
The US stock market tries to remain upbeat as fears of recession once again take the center stage. All eyes on the FOMC meeting ahead this week on Wednesday.
Despite production constraints, Tesla had enough inventory to hit a new delivery record of 310,048 EVs for the first quarter of 2022.
Galaxy Digital has renegotiated the terms of contracts for the BitGo acquisition as the deal will go through following the SEC approval later this year.
GameStop plans to propose a stock split of company shares to its shareholder base in order to attract more retail investors.
Robinhood said that owing to growing customer demand it has expanded its daily trading hours from 7 AM to 8 PM.