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The Latest Breaking News from Dan Ives

Apple will lose 6 million iPhones after China factory shuts down

China’s COVID-zero policy creates headaches for Apple, as a factory closure threatens supply of its flagship product.

Fortune

Twitter spent years building its staff. Under Musk, half may lose their jobs within days

Hiring is challenging for every industry, but especially tech.

Los Angeles Times

Elon Musk Takes over Twitter but Where Will He Go from Here?

Elon Musk has taken control of Twitter after a protracted legal battle and months of uncertainty. The question now is what the billionaire Tesla CEO will actually do with the social media platform. The $44 billion takeover means Twitter is becoming a private company that everyday investors will no longer…

Asharq Al-Awsat

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GM beats expectations, nets $3.3 billion profit in third quarter

General Motors Co. on Tuesday said it made $3.3 billion in net income in the third quarter, up from 2021's third quarter profits of $2.4 billion despite a tight supply inventory still hindering sales and lessening demand amid economic uncertainty.

Tribune News Service

Elon Musk would cut 75% of Twitter workforce, according to report

Washington Post says the move would leave the company with a skeleton crew

Wales Online

Report: Elon Musk plans to cut 75% of Twitter workforce

Elon Musk plans to lay off most of Twitter's workforce if and when he becomes owner of the social media company

The Independent UK

Labor Department proposal could change gig worker and company rules

The U.S. Department of Labor has published a new proposal on how workers should be classified saying that thousands of people have been incorrectly labeled as contractors rather than employees.

WEKU

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Labor proposal could upend rules for gig workers, companies

The U.S. Department of Labor is publishing a new proposal on how workers should be classified saying that thousands of people have been incorrectly labeled as contractors rather than employees, potentially curtailing access to benefits and protections they rightfully deserve

The Independent UK

Is The Rivian Recall Just A 'Speed Bump' For The Amazon-Backed EV Company?

Rivian Automotive Inc (NASDAQ: RIVN) shares ran into a speed bump Monday morning after the company announced a voluntary recall of mo

Benzinga

To buy Twitter, Musk has to keep banks, investors on board

If the squabbling ever stops over Elon Musk’s renewed bid to buy Twitter, experts say he still faces a huge obstacle to closing the $44 billion deal: Keeping his financing in place

The Independent UK

Top Financial Stories Thursday, September 08: Amazon Slows Down Hiring, Netflix Focuses On Cost Cutting, iPhone 14 Will Be Available In Russia And More…

Reuters

Benzinga

Tesla Stock Splits 3-For-1, Wedbush Raises Price Target To $360

Other analysts are more optimistic, with Oppenheimer's Colin Rusch and The Future Fund's Gary Black estimating price targets of $383 and $550, respectively.

InsideEVs

Whistleblower: bad news for Twitter, good news for Musk?

Elon Musk has spent months trying to get out of his $44 billion agreement to buy Twitter, saying the company has undercounted its fake and spam accounts

The Independent UK

Analysts Bet On Twitter Deal Getting Done After Elon Musk Goes On Another Tesla Stock Selling Spree

Elon Musk on Tuesday disclosed in six filings that he sold $6.85 billion worth of Tesla, Inc. (NASDAQ: TSLA) shares on Aug. 5.

Benzinga

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The Independent UK

Elon Musk sells $7B in Tesla shares ahead of Twitter fight

Elon Musk has sold nearly $7 billion worth of shares in Tesla as the billionaire gets his finances in order ahead of his court battle with Twitter

Benzinga

Benzinga Before The Bell: Apple's Strong China Revenue, Amazon's EV Partnership, Jack Ma To Cede Control Of Ant Financial And Other Top Financial Stories Friday, July 29

Reuters Tencent’s Overseas Ambitions Face Resistance From India

Asharq Al-Awsat

Microsoft Earnings Fall Short as Computer Sales Sag

Microsoft on Tuesday said that its earnings in the recently ended quarter fell shy of expectations as personal computer sales suffered from production holdups in China and sagging demand. The US technology giant reported profit of $16.7 billion on revenue of $51.9 billion, topping the same quarter a year earlier…

Los Angeles Times

How weird could things get if Twitter settles with Elon Musk?

As Elon Musk's imbroglio with Twitter moves from the boardroom to the courtroom, one might expect that, under the watchful eye of Delaware's Court of Chancery, things will take on a more predictable trajectory than they have so far.

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Benzinga

Benzinga Before The Bell: Most Effective Covid-19 Vaccine, Google's Hiring Slowdown, Panasonic's New EV Battery And Other Top Financial Stories Wednesday, July 13

CNBC Bankrupt Crypto Firm Three Arrows Capital’s Assets Frozen By New York Judge

Tribune News Service

'Black eye for the company': How Ford is fixing spate of quality problems

Kevin Mamajek already had waited nearly eight months for his Mustang Mach-E when he got a call from the dealership telling him he'd have to wait a little longer.

The New Daily

‘Unattractive’: The many reasons why Elon Musk dropped Twitter bid

Elon Musk’s $US44 billion ($64 billion) bid to buy Twitter has hit a fresh snag amid new speculation that the billionaire might walk away soon.

Asharq Al-Awsat

Elon Musk Deal to Buy Twitter in Danger

Twitter shares slid late Thursday after a Washington Post report that Elon Musk's $44 billion deal to buy the social media giant is in danger. The world's richest man has previously expressed misgivings and even implied he could walk away from the deal over concerns about what he believes are…

Tribune News Service

Tesla hikes prices for all models, including Model 3, but not all versions

Tesla has boosted prices by up to $6,000 for all models but not all versions of its electric cars.

Benzinga

Morning Brief: Top Financial Stories Dominating on Friday, June 3

CNBC

Benzinga

Apple In 'Winner's Circle' For NFL Sunday Ticket Rights Versus Amazon, Says Analyst

Apple Inc (NASDAQ: AAPL) analyst Dan Ives said the tech giant snagging the NFL Sunday Ticket Package could be a landmark deal.

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