Ari Emanuel tried to broker Elon Musk-Twitter settlement: report

Ari Emanuel tried to broker Elon Musk-Twitter settlement: report

Hollywood super-agent and William Morris Endeavor CEO Ari Emanuel reportedly tried to broker a deal between Elon Musk and Twitter’s board of directors to settle their heated legal battle over a nixed $44 billion takeover. Emanuel – who was spotted partying with a shirtless Musk aboard a yacht off Mykonos over the summer – contacted … Read more

Bank of America Likes These Beaten Down Chip Stocks

Bank of America Likes These Beaten Down Chip Stocks

Semiconductor stocks have tumbled in recent months amid flagging demand, with the S&P Semiconductors Select Industry Index dropping 36% year to date. That might create buying opportunities for you. Bank of America analysts recently discussed their favorite choices in the sector. “Near-term, we favor non-consumer oriented markets,” they wrote in a commentary. “We acknowledge the … Read more

Stock-market turnaround? Why October is known as a ‘bear killer’.

Stock-market turnaround? Why October is known as a 'bear killer'.

While September lived up to its reputation as a brutal month for stocks, October tends to be a “bear-market killer”, known for its historically strong returns, especially during midterm election years. Skeptics, however, are warning investors that negative economic fundamentals could overwhelm seasonal trends as what’s traditionally the roughest period for equities comes to an end. … Read more

Nike to offer big discounts amid a glut of inventory

Nike to offer big discounts amid a glut of inventory

Inflation-battered shoppers will soon find some huge deals on Nike products. The world’s biggest sportswear company said it was stuck with a glut of out-of-season inventory that will force it to mark down prices going into the all-crucial holiday period. Nike, based in Beaverton, Ore., said it will be “aggressively” liquidating its apparel and sneakers as … Read more

AT&T maintains quarterly dividend, with yield above 7%

AT&T maintains quarterly dividend, with yield above 7%

AT&T Inc. T, -0.73% said Friday it was keeping its quarterly dividend at 27.75 cents a share, payable Nov. 1 to shareholders of record on Oct. 10. With the telecommunications and media company’s stock down 0.8% in afternoon trading, the annual dividend rate implies a dividend yield of 7.21%, which compares with the yield for … Read more

Massive damage to the Nord Stream pipeline system has sparked a surge in natural gas prices — here’s why they could keep soaring

Massive damage to the Nord Stream pipeline system has sparked a surge in natural gas prices — here's why they could keep soaring

‘We can’t rule out sabotage’: Massive damage to the Nord Stream pipeline system has sparked a surge in natural gas prices — here’s why they could keep soaring Energy prices have soared in 2022. And what happened in Europe earlier this week could add fuel to the fire. On Monday, Denmark and Sweden reported that … Read more