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Financial News

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Elon Musk Twitter
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Business & Lifestyle

Elon Musk to exit $44 billion Twitter purchase deal

AUSTIN/SAN FRANCISCO (UPI) -- Billionaire entrepreneur Elon Musk indicated Friday he is seeking to call off his proposed $44 billion deal to buy the Twitter social media platform. In a letter sent to Twitter's chief legal officer and disclosed in a Securities and Exchange Commission filing, Musk's attorneys contend Twitter "has not complied with its contractual obligations" to provide accurate assessments of how many fake user accounts are on its system. Musk: Twitter never provided accurate info on daily active […]

todayJuly 9, 2022 13

GameStop
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Business & Lifestyle

GameStop fires CFO, announces layoffs

GRAPEVINE, Tex. (UPI) -- Video game retailer GameStop fired its chief financial officer and announced a series of layoffs on Thursday. The company publicly announced that it had terminated the employment of CFO Michael Recupero, with Chief Accounting Officer Diana Saadeh-Jajeh stepping into the role. Saadeh-Jajeh, who served as interim CFO last year, will earn a starting annual salary of $200,000. In addition, she will be eligible for a "transformation bonus" in an aggregate amount of $1,965,000. This is according to […]

todayJuly 9, 2022 12

Business & Lifestyle

Lessons Elon Musk can teach us about investing

It is easy to think of Elon Musk as an outlier, someone who's away from the common business world. While we all have our own opinions of what Elon Musk is as an entity, Robert Downey Jr based Tony Stark on him. The fact is that Musk is not just someone who wants to go into space. He is also someone who has been incredibly savvy with his ventures and investments over his career. We all can learn lessons from […]

todayJune 28, 2022 16

gas gasoline business financial
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Business & Lifestyle

Gas prices continue modest decline

U.S. gas prices averaging under $5/gallon

WASHINGTON (UPI) -- The average price of gasoline remained below $5 per gallon on Monday according to figures released by AAA, continuing a modest decline from last week's record highs. The national average stood at $4.967 per gallon -- a decline of 3.5 cents from Tuesday when prices hit an all-time peak of nearly $5.02, AAA reported. The average price of diesel was $5.80, up 2.5 cents from last week but 2 cents lower than its peak on Friday. Average […]

todayJune 20, 2022 20

Bitcoin cryptocurrency
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Business & Lifestyle

Bitcoin falls to lowest level since 2020

NEW YORK (UPI) -- Bitcoin fell once again Thursday as cryptocurrencies suffer from recession concerns. As of 6:45 p.m., Bitcoin was down 9.1%, valued at around $20,500, some of its lowest levels since 2020 and 60% down from its all-time high in November. The cryptocurrency has fallen 20% in the past week amid a broad sell-off in risk assets that have seen the Nasdaq Composite decline 6.1% in the same period. The decline also comes as Terra USD and its […]

todayJune 16, 2022 21

CAT Caterpillar
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Business News

Caterpillar to relocate headquarters to Texas

DEERFIELD (The Center Square) – Caterpillar, one of Illinois' top employers, is moving its corporate headquarters from the Chicago suburbs to Irving, Texas, the company announced Tuesday. The industrial equipment maker is the second major employer to announce a move from Illinois after Boeing said last month it was relocating its headquarters from Chicago to Arlington, Va. "We believe it's in the best strategic interest of the company to make this move," Caterpillar CEO Jim Umpleby said in a statement. "It supports Caterpillar's strategy […]

todayJune 14, 2022 19

business passive income
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Business News

Eight uncommon passive income business ideas

Passive income is a great way to make money while you sleep. There are many ways to generate passive income, but not all of them are created equal. In this article, we will explore eight unique and uncommon ways to generate passive income. Some of these methods may be more or less applicable depending on your individual circumstances, but they all have the potential to provide you with a steady stream of income. Rental properties One popular way to generate […]

todayJune 6, 2022 18

business career office space brand workplace employees company time affirmations
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Business News

Essentials for starting an international digital company

In order to start a digital company that can transcend international borders, there are a few essential things you must take into account. The first is the legal structure of your company. You need to decide if you want to be a corporation, limited liability company, or some other type of entity. You will also need to choose a jurisdiction to incorporate your company. This article will discuss some of the most critical factors you need to consider when starting […]

todayMay 26, 2022 5

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Financial News

IRS to pay interest on delayed refunds

Interest to be accrued beginning July 1

WASHINGTON (UPI) -- The Internal Revenue Service (IRS) said Friday it will pay 5% interest to people with delayed tax returns starting in July. That's up a full percentage point from the last interest rate increase in April. In a Friday statement, the agency said the new rates on delayed refunds, considered overpayments by the IRS, will be 4% for corporations starting July 1. The interest will be 7% on large corporate underpayments exceeding $10,000, according to the agency. Explaining how […]

todayMay 21, 2022 30

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