Musk puts on hold $44-billion deal for Twitter, shares slump

(Reuters) -Elon Musk on Friday put his $44-billion deal for Twitter Inc temporarily on hold, citing pending details in support of calculation that spam and fake accounts indeed represent less than 5% of users.

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13-05-2022

Democrats' hopes of holding Senate may rest on hoodie, shorts-wearing ex-mayor

The Democratic Party's hopes of picking up a much-needed U.S. Senate seat in Pennsylvania are likely tethered to a 6-foot, 8-inch tall tattooed and goateed liberal who eschews suits for hoodies and once met with President Joe Biden wearing basketball shorts.

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13-05-2022

JPMorgan's Dimon faces shareholder advisory vote on $52.6 million retention award

Long-time JPMorgan Chase & Co Chief Executive Jamie Dimon will find out on Tuesday how shareholders feel about a special $52.6 million stock option award he received to stay on for five more years, which is opposed by two key investor advisory firms.

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13-05-2022

Honda warns of rising costs, forecasts weaker annual profit

TOKYO (Reuters) -Japan's Honda Motor on Friday forecast a 7% fall in annual earnings, instead of an expected rise, and warned that the long chip crunch and rising raw material costs were hurting profit, echoing comments from rivals Toyota and Nissan.

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13-05-2022

Musk says $44-billion Twitter deal temporarily on hold

(Reuters) -Elon Musk said on Friday his $44-billion deal for Twitter Inc was temporarily on hold, citing pending details on spam and fake accounts.

newspaper

13-05-2022

Musk says $44-billion Twitter deal on hold

Elon Musk said on Friday his $44-billion acquisition of Twitter Inc was temporarily on hold, citing pending details on spam and fake accounts.

newspaper

13-05-2022

Euro bounces off lows but heads for big weekly loss

The euro edged off five-year lows to rise back above $1.04 on Friday, but it is headed for a big weekly loss after Russia's decision to restrict gas supplies to Europe renewed fears about an economic slowdown in the euro zone.

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13-05-2022

World stocks clamber off 18-month lows, but markets on recession watch

LONDON/SHANGHAI - World stocks rose from the previous day's 18-month lows and the dollar pulled back from 20-year highs on Friday, though investors remained nervous about high inflation and the impact of rising interest rates.

newspaper

13-05-2022

Take Five: Recession talk justified? Follow the data

A deluge of data from across major economies comes at a pivotal moment in the debate over whether central banks are jacking up interest rates into a potentially sharp global growth slowdown.

newspaper

13-05-2022