New York CNN Business — The world is watching the world’s richest man single-handedly destroy one of the world’s most powerful and important communication platforms, just weeks after acquiring it for $44 billion. And of course, the world is watching the dramatic spectacle unfold on — where else? — Twitter. It’s hard to succinctly summarize […]
Washington CNN Business — Just days after Twitter laid off thousands of employees, a number of top executives from teams working on privacy and security at the platform have reportedly resigned. Twitter’s chief information security officer announced their resignation on Thursday, vacating one of the company’s most critical roles just as scrutiny is mounting over […]
New York CNN Business — Elon Musk sold $3.95 billion worth of Tesla stock since completing his purchase of Twitter late last month. Musk’s Tesla stock sales, totaling 19.5 million shares, have been widely anticipated ever since the Tesla CEO reached a deal to buy Twitter for $44 billion. Musk had sold blocks of Tesla […]
New York CNN Business — “Top Gun: Maverick” was never going to be an easy sell. Sure, the film starred Tom Cruise — arguably one of Hollywood’s most iconic movie stars — and it would be the sequel to “Top Gun,” one of the biggest blockbusters of all time. But the original “Top Gun” was […]
London CNN Business — Ryanair carried a record number of passengers over the summer and says its budget friendly airfares will attract even more customers as Europe falls into a recession. The low-cost carrier posted its highest ever half-year profit on Monday, earning €1.37 billion ($1.36 billion) for the six months through September. That beat […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business — What will the Federal Reserve do at its meeting in December? Analysts can […]
New York CNN Business — Former US Treasury Secretary Larry Summers said on Tuesday that the growing chorus of economists and politicians urging the Federal Reserve to pause its aggressive rate hikes in order to fight inflation are misguided. Those critics say that the Fed could throw the economy into recession, but Summers argued there’s […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business — When will central banks stop raising interest rates? That’s the multi-trillion dollar question […]
CNN Business — Even by Facebook’s standards, 2021 was a rough year. A series of damning reports based on leaks from a whistleblower raised uncomfortable questions about Facebook’s impact on society; the company continued reeling from concerns about the use of its platform to organize the January 6 Capitol riot; and privacy changes from Apple […]
New York CNN Business — General Motors is pausing its advertising on Twitter now that the social media platform is owned by Tesla CEO Elon Musk, the company said in a statement Friday. The nation’s largest automaker said that it is making the change while it evaluates “Twitter’s new direction.” It said it will still […]
