Is it a good time to buy Twitter shares? Financial advisers are treading cautiously as Elon Musk finally moves forward with his $44 billion offer.

The protracted storyline, like it or not, of Elon Musk’s bid for Twitter, which turned into a legal battle with the social media platform, took another big turn on Tuesday. He will buy the company after all – and at the original offering price of $44 billion, which equates to $54.20 per share. But retail … Read more

Tesla Announces Record Deliveries, But Numbers Still Fall Short of Analysts’ Targets

Tesla Inc. announced record quarterly deliveries on Sunday. but the number still disappointed analysts. Tesla said it produced more than 365,000 vehicles in the just-ended third quarter and made more than 343,000 deliveries. This is a significant rebound from the second quarter, when it reported nearly 259,000 vehicles built and 255,000 deliveries, with production slowed … Read more

Stocks and bonds are ‘discounted for disaster’ after worst period for investors in 20 years

Things could always get worse. The S&P 500 SPX index, -1.51% Friday cemented its worst monthly percentage decline since the March 2020 pandemic lockdowns, but also joined the Dow Jones Industrial Average DJIA, -1.71% and the Nasdaq COMP composite index, -1.51% booking the worst 9-month period since 2002, according to Dow Jones Market Data. “The … Read more

Micron cuts capital spending to stem ‘unprecedented’ oversupply cycle

Shares of Micron Technology Inc. fell slightly in Thursday’s extended session after the memory chipmaker said it was taking steps to exit a current “unprecedented” market down cycle by scaling back plans to Capacity Building. For the first fiscal quarter, Micron MU, based in Boise, Idaho, +1.50% said it expects an adjusted loss of 6 … Read more

Opinion: Micron earnings suggest chip downturn could be worse than Wall Street predicts

Micron Technology Inc. executives warned of a semiconductor slowdown in late June, but now say a “sharp and sudden” drop in demand has exceeded even those expectations, suggesting the current glut of chips could get worse. Micron MU, -1.94% reported a worse-than-expected fiscal fourth quarter on Thursday, with revenue down 23% from a year ago, … Read more

Crypto CEOs are quitting their jobs. here’s why

Hello, welcome to Distributed Ledger, our weekly crypto newsletter that hits your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch. I’m going to introduce you to the newest and greatest in the world of digital assets this week. Over the past few weeks, the CEOs of several major crypto companies have left their … Read more