Twitter directors are awarded $225,000 annually in restricted stock units and a minimum of $50,000 in cash. David Paul Morris/Bloomberg text size asked Elon Musk Twitter directors voting with shareholders over the weekend, citing most of the board’s small personal stakes in the social media company. The entrepreneur and richest person in the world offered … Read more
All three major stock indexes tumbled in choppy trading on Monday afternoon, with US investors returning from a three-day weekend as earnings season prepared to get underway and uncertainty about the economic outlook mounted. How are stocks traded? The Dow Jones Industrial Average DJIA fell 111 points or 0.3% to 0 34,341. The S&P 500 … Read more
I wanted to ask you if you wanted the good news or the bad news first on today Good price or no dice Bimmer, but I already let the cat out of the bag upstairs over his remodeled title. Let’s see if the rest of the car and its price can do it Overcome this … Read more
Editor’s note: A version of this story appeared in CNN’s Now in China newsletter, a three-weekly update that explores what you need to know about the country’s rise and its impact on the world. Login here. Hong Kong CNN — Shanghai on Monday reported three Covid-19 deaths, the first officially reported deaths of one Angry … Read more
text size Peloton XXX Ezra Shaw/Getty Images for years, Peloton Interactive Executives called the company’s $39-a-month subscription price “sacred,” “sacrosanct,” and “our golden goose.” No more. The maker of interactive bikes and treadmills told subscribers on Thursday It raised the price of its Connected Fitness membership for the first time. The subscription, which gives users … Read more
Mortgage rates are rising and no one is being spared. The average interest rate on a 30-year fixed rate mortgage for the week ended April 14 was 5%, up 28 basis points from the previous week, Freddie Mac FMCC, +0.31% reported Thursday. A basis point is equal to one hundredth of a percentage point or … Read more
The federal program “Test-to-Treat”, announced in March, aims to reduce Covid hospitalizations and deaths by quickly giving people who test positive antiviral pills. But even if cases pick up again, many Americans won’t have access to the program. Pfizers Paxlovid and Merck’s Lagevrio are both designed to be started within five days of a person’s … Read more
text size Wells Fargo logo dreamtime Wells Fargo The stock fell Thursday after the bank reported mixed first-quarter earnings. Wells Fargo (ticker: WF C ) reported adjusted earnings of 88 cents per share, beating guidance of 81 cents per share on revenue of $17.6 billion, below expectations of $17.8 billion. Wells Fargo shares fell 5% … Read more
CNN — Former Colombia football captain Freddy Rincón has died after a car crash in Cali, the hospital treating him said in a statement. It was 55-year-old Rincón hospitalized on Monday After a car crash in the early hours of the morning, CNN en Español reported, citing local media. Five people were injured in the … Read more
CNN — Amazon says it will charge sellers for the first time in company history 5% fuel and inflation surcharge. So if it seems like your favorite items on Amazon are going up in price, it could be because companies are trying to pass those rising costs on to customers. Here’s what you need to … Read more
