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

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

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

This Wall Street legend has lived through every bear market since the 1950s. He says the one coming could hit the S&P 500 with a 30% loss

Bob Farrell, a 90-year-old retiree in Florida, is hardly a household name on Main Street. But on Wall Street, Farrell is an absolute legend. To say that Farrell has seen it all is an understatement. He has witnessed every bull-, bubble- and bear market since 1957, when he joined Merrill Lynch as an analyst trainee … Read more

Market’s 2022 Slide Has Already Changed Investor Behavior

The 2022 pullback in US stocks intensified last week, with stocks on Thursday staging their largest single-day decline since the onset of the pandemic. The plunge came just a day after Federal Reserve Chairman Jerome Powell appeared to clear the way for a stock rally by casting interest-rate increases larger than a half-percentage point as … Read more

GM’s Stock Is a Buy — Even Though the Company Must Do More to Challenge Tesla

General Motors has grand ambitions and a cheap stock. That could be a winning combination for investors. But to realize it, the pace of the giant car maker’s electric-car launches must catch up to the speed of its pronouncements about them. Investors are giving less credit to slide decks and press releases, says Credit Suisse … Read more

Apple has spent decades building its walled garden. It may be starting to crack

Apple Inc. has spent decades tending to and building a “walled garden” around its technology, allowing the most valuable company in the US to maintain control over what software can land on its iPhones and Macs and what that software can do. Recent moves by regulators and legislators in Europe and the US threaten to … Read more

Fed, Biden Administration Float New Lending Rules for Lower-Income Areas

WASHINGTON — Top US banking regulators are poised to overhaul how banks lend hundreds of billions of dollars annually in lower-income communities, after scrapping a Trump-era revamp that had divided regulators and industry officials. The latest proposal to modernize rules for the 1977 Community Reinvestment Act is set to be announced Thursday and aims to … Read more

Uber’s Revenue Doubles, but Stock Falls After Lyft Warns of Higher Driver Costs

Uber Technologies Inc.’s UBER -4.65% revenue more than doubled last quarter, as demand for rides rebounded from the downturn caused by the Covid-19 surge late last year and the company’s food delivery grew despite restaurant reopenings. Uber issued a bullish outlook for the current quarter, but its shares fell about 5% Wednesday, triggered in part … Read more

Europe Scrambles for Energy Before Cutting Itself Off From Russia

Europe is racing to stock up on oil and natural gas before it imposes tighter sanctions on Russian energy, showing the dash to reorganize global energy supplies in the wake of the war in Ukraine. Terminals to import liquefied natural gas took in a record amount of the superchilled fuel for the time of year … Read more