Goldman Sachs earnings impress Wall Road

New York CNN Business – Goldman Sachs is clearly still the top dog on Wall Street. The investment banking powerhouse reported earnings and revenue Monday morning for the second quarter, easily topping analysts’ forecasts. Goldman Sachs (GS) announced a profit of $2.9 billion, or $7.73 a share, for the three months ended June. Analysts were … Read more

Twitter sues Elon Musk forcing him to finish the acquisition

New York CNN Business – Twitter sued billionaire Elon Musk in an attempt to force him to follow purchase agreement social media company. The lawsuit, filed in Delaware Premier Court on Tuesday, comes after Musk said in a letter to Twitter’s top attorney late Friday that he wants to stop blockbuster $44 billion acquisition deal. … Read more

Starbucks closes 16 shops attributable to security considerations

New York CNN Business – Starbucks is planning to close 16 locations across different cities, citing safety concerns. “After careful consideration, we will be closing some stores in locations that have experienced a large number of adverse events that have made it unsafe to continue operating,” a spokesperson said. CNN Business in an email. Seattle … Read more

Elon Musk tells Twitter he needs to purchase it from his deal

New York CNN Business – Elon Musk moved on Friday afternoon to end his $44 billion deal to buy Twitter – the latest twist in a spinning process in which the billionaire CEO of Tesla became the company’s largest shareholder, turned down a board seat, agreed to buy the social media platform and then began … Read more

Tesla introduced a uncommon decline in gross sales within the second quarter

New York CNN Business – The Covid shutdowns in China led to a severe decline in Tesla’s output and sales in the second quarter. The electric carmaker reported that finished sales fell nearly 18 percent to about 255,000 vehicles in the second quarter compared with the first three months of the year. Output fell 15% … Read more