Elon Musk’s Belated Disclosure of Twitter Stake Triggers Regulators’ Probes

Elon Musk’s Belated Disclosure of Twitter Stake Triggers Regulators’ Probes

WASHINGTON — Federal regulators are investigating Elon Musk’s late disclosure last month of his sizable stake in Twitter Inc., TWTR -2.48% according to people familiar with the matter, a lag that allowed him to buy more stock without alerting other shareholders to his ownership. The Securities and Exchange Commission is probing Mr. Musk’s tardy submission … Read more

Elon Musk’s Belated Disclosure of Twitter Stake Triggers Regulators’ Probes

Elon Musk’s Belated Disclosure of Twitter Stake Triggers Regulators’ Probes

WASHINGTON — Federal regulators are investigating Elon Musk’s late disclosure last month of his sizable stake in Twitter Inc., TWTR -2.48% according to people familiar with the matter, a lag that allowed him to buy more stock without alerting other shareholders to his ownership. The Securities and Exchange Commission is probing Mr. Musk’s tardy submission … Read more

Ukraine Reduced Russian Gas Flowing to Europe Through Key Pipeline

Ukraine Reduced Russian Gas Flowing to Europe Through Key Pipeline

Ukraine reduced flows of Russian natural gas through its territory to Europe, sending prices higher amid the continent’s still-precarious reliance on Russian fossil fuels. Within hours, though, enough gas was moving through an alternative route that prices fell back down again, ending essentially flat on the day. The continued flow suggested some gas had been … Read more

Musk’s Twitter Deal Is No Sure Thing

Musk’s Twitter Deal Is No Sure Thing

This looks like a hole you could drive a Cybertruck through, but Wall Street is rightfully wary. Elon Musk’s agreement to buy Twitter TWTR -2.19% for $ 54.20 a share is leaving a lot of money on the table for anybody willing to ride his coattails. The social-media company’s shares are currently about 12% below … Read more

Stocks Climb on Inflation Data

Stocks Climb on Inflation Data

Stocks swung between gains and losses Wednesday after fresh data showed inflation eased slightly in April but not as much as economists expected. The S&P 500 edged up 0.5% in morning trading. The index snapped a three-day losing streak Tuesday, hitting pause on a stretch of pressure that came as investors braced for the Federal … Read more

Cryptocurrency TerraUSD Plunges as Investors Bail

Cryptocurrency TerraUSD Plunges as Investors Bail

A selloff in a cryptocurrency that was supposed to be pegged to $ 1 accelerated Wednesday, briefly sending its price to less than a quarter of that value. TerraUSD traded as low as 23 cents Wednesday, according to data from CoinDesk. As of 8:53 am ET, it had rebounded partially to about 30 cents in … Read more

Coinbase Stock Keeps Sliding After Earnings Report

Coinbase Stock Keeps Sliding After Earnings Report

The biggest cryptocurrency exchange in the US said it was bleeding users, reflecting continued destruction in the crypto market and investors’ unease about risky assets. Coinbase Global Inc. COIN -12.60% said Tuesday that it lost hundreds of millions of dollars in the first quarter, sending the stock tumbling in after-hours trading. Following the after-market report, … Read more

SoftBank’s $ 100 Billion Fund Lags Behind After Five Years of Investing

SoftBank’s $ 100 Billion Fund Lags Behind After Five Years of Investing

Five years after its kickoff, SoftBank‘s 9434 0.27% $ 100 billion Vision Fund is being battered by the tech selloff, making for an embarrassing performance that lags behind the overall stock market since its launch. Started with a goal of funding a whole generation of future tech giants, the fund raised roughly 30 times more … Read more

Cryptocurrency TerraUSD Falls Below Fixed Value, Triggering Selloff

Cryptocurrency TerraUSD Falls Below Fixed Value, Triggering Selloff

One type of cryptocurrency, a so-called stablecoin, is meant to keep its value at $ 1. But on Monday, the third-biggest stablecoin, TerraUSD, fell as low as 94 cents, causing a flood of investors to sell their holdings. Stablecoins get their name from their being tied to the value of government-issued currencies, such as the … Read more

Stocks Slide, Extending This Year’s Losses

Stocks Slide, Extending This Year’s Losses

A broad selloff in US stocks accelerated Monday, leaving investors with few places to shelter from the market’s tumult. The S&P 500 fell 2.4%, adding to losses after closing out its longest streak of weekly declines since 2011. The Nasdaq Composite tumbled 3.3%, and the Dow Jones Industrial Average shed 511 points, or 1.6%, to … Read more