Twitter (TWTR): Shares closed at the highest level since November after Elon Musk agreed to buy Twitter at its original price of $54.20 per share, according to a filing with the SEC. Musk initially offered to buy Twitter in April, before putting the deal on hold in May over issues related to the number of bot users on the platform.
Hindenburg Research closed its long position in Twitter on Tuesday.
Amylyx Pharmaceuticals (AMLX): Shares fell in extended trading after the company announced a public offering of 6 million shares of common stock. The news comes after the FDA announced the approval of its ALS drug, Relyvrio, last week. Shares have surged 72% in the past month.
AutoZone (AZO): The company authorized an additional $2.5 billion stock buyback in connection with its ongoing share repurchase program. AutoZone’s board started its repurchase program in1998 and has since authorized a total of $33.7 billion in share repurchases.
AirBNB (ABNB): Bernstein is bullish on AirBNB’s growth potential. Analyst Richard Clarke initiated coverage on the stock with an outperform rating and $143 price target, writing in a note to clients that there is “little reason why AirBNB can’t become a meaningful seller of other travel verticals.” The stock has fallen 33% since the start of the year.
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Yahoo Finance Video
How Elon Musk’s Twitter buyout may impact Tesla stock
Autos correspondent Pras Subramanian outlines how Tesla CEO Elon Musk’s purchase of Twitter may affect the EV developer, in addition to looking at Ford’s production output in the third quarter.
Banks financing Musk’s Twitter deal face hefty losses
Elon Musk’s U-turn on buying Twitter Inc could not have come at a worse time for the banks funding a large portion of the $44 billion deal and they could be facing significant losses. While Musk will provide much of $44 billion by selling down his stake in electric vehicle maker Tesla Inc and by leaning on equity financing from large investors, major banks have committed to provide $12.5 billion. They include Morgan Stanley, Bank of America Corp and Barclays Plc.
Russian cosmonaut hitching ride with SpaceX as part of next space station crew
Elon Musk’s rocket company SpaceX was due to launch the next long-duration crew of the International Space Station into orbit on Wednesday, with a Russian cosmonaut hitching a ride with two Americans and a Japanese astronaut as part of the mission. The SpaceX launch vehicle, consisting of a Falcon 9 rocket topped with a Crew Dragon capsule dubbed Endurance, was set for liftoff at noon EDT (1600 GMT) from NASA’s Kennedy Space Center in Cape Canaveral, Florida.
Your off-ramp for I-bonds is coming up soon if you bought the securities for their juicy 9.6% yield
You can hold on to Series I bonds for 30 years, but if you jumped in when the interest rate skyrocketed to 9.62%, you might be looking for an off-ramp well before then. The total return on I-bonds is made up of two parts — a fixed rate that’s set at the time of purchase and an inflation-adjusted rate that resets every six months, in November and May. The fixed rate has been 0% since May 2020. Looking at numbers already published, David Enna, founder of TipsWatch.com, a website that tracks inflation-protected securities, predicts the variable inflation-adjusted portion of the I-bonds formula will be around 6.3%, and likely fall to 3.5% eventually.
Exclusive-Boeing doesn’t expect MAX 10 to gain FAA approval before summer 2023 -letter
WASHINGTON (Reuters) -Boeing Co does not anticipate winning approval for the 737 MAX 10 before next summer, according to a Federal Aviation Administration (FAA) letter sent on Monday that intensifies concerns about the company’s timeline for deliveries. Boeing faces a December deadline to win regulatory approval for the MAX 10, which is slightly larger than current 737 MAXs in service, as well as for a smaller variant, the MAX 7. Unless it gains an extension from Congress, Boeing must meet new modern cockpit-alerting requirements that could significantly delay the planes’ entry into service.
The Wall Street Journal
Twitter Stock Remains Halted Following Elon Musk Offer Report
Twitter’s [deal drama](https://www.wsj.com/articles/twitter-musk-spar-over-legal-preparations-as-trial-date-looms-11664162964) appears to be winding down, and shareholders are cashing in. Elon Musk has proposed to purchase the social-media giant for $54.20 a share in cash, the Wall Street Journal [reported](https://www.wsj.com/articles/elon-musk-proposes-closing-twitter-deal-on-original-terms-11664901454) Tuesday. That’s the same price at which Mr. Musk first agreed to buy Twitter earlier this y
Why FaZe Holdings Stock Got Smashed Again Today
There’s risk to any investment, and that includes esports company FaZe Holdings (NASDAQ: FAZE). The company came public already via a special purpose acquisition company (SPAC). SPAC stocks have interesting structures because insiders typically own the majority of the shares outstanding.
These 10 Stocks are Gaining Today
In this article, we will take a look at the 10 stocks gaining value today. If you want to see some more stocks flying high on Tuesday, go directly to These 5 Stocks are Gaining Today. U.S. stocks extended their rally this morning as bond yields dropped. As of 12:15 PM ET, S&P 500 was up […]