Elon Musk says Twitter's ad revenue is down 50% and cash flow is negative
Elon Musk disclosed on Twitter Saturday that, due to a 50% drop in advertising revenue and a "heavy debt load," the platform still has a negative cash flow.
2023-07-16 04:50
China’s Murky Debt Corner Faces Funding Squeeze
The $9 trillion of Chinese local government bonds that helped drag the rest of the world out of
2023-07-16 04:20
History Says It’s Time to Buy Long-Term Bonds as Peak Rates Near
Investors loading up on long-term bonds have history at their back. For decades, Treasuries maturing in 10 or
2023-07-16 04:15
Canadian Wildfires Burn a Record 25 Million Acres With No End in Sight
Canadian wildfires have scorched more than 10 million hectares (25 million acres) this summer, an area about the
2023-07-16 03:54
Barcelona & Real Madrid dealt major Financial Fair Play blow by UEFA
UEFA have deemed that Barcelona and Real Madrid must count sales of future revenue streams as debt in their financial records.
2023-07-16 03:21
UK’s Ben Wallace to Resign as Defense Secretary, Times Says
UK Defense Secretary Ben Wallace said he will step down during the next reshuffling of Prime Minister Rishi
2023-07-16 02:54
Polish Utilities Get Offer From State for Coal Assets Spinoff
Polish state-controlled utilities got offers from the state to buy their carbon-emitting assets, a key part of the
2023-07-16 02:46
Who’s Winning the Money Race for President as Campaigns Heat Up
The race for presidential hopefuls to lure donors and build up their bank accounts is in full swing
2023-07-16 02:23
Peru’s Economy Contracts in May, Dashing Recovery Hopes
Peru’s economy contracted significantly in May after two months of slow growth, dashing hopes that a slow recovery
2023-07-16 00:59
India’s JSW Steel Said to Mull Bid for Stake in Teck Coal Unit
JSW Steel Ltd., India’s largest producer, is considering a bid for as much as a 20% stake in
2023-07-16 00:52
UK’s Shapps to Grill Top Grocers, Energy Firms Over Fuel Prices
UK Energy Minister Grant Shapps is set to meet with the heads of Britain’s biggest supermarkets and energy
2023-07-16 00:18
Strikes and flops: Hollywood's cruel summer has become a time of reckoning
For Hollywood, 2023 will be remembered as a cruel summer, a dead reckoning of a different kind. That's because bad news has piled up, highlighting a reshaping of the entertainment industry that has fueled uncertainty and triggered eruptions in labor unrest.
2023-07-15 23:29