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A further 27% drop in the S&P 500 could be coming if inflation hawks are right, Goldman Sachs team warns

Not exactly TGIF this Friday. What the sellside is slowly realizing is not just that the Fed is going to be aggressive in September after the latest shocking inflation figure, but that the central bank will have to keep rates higher, and for longer. The British pound GBPUSD, -0.46%, in some respects a proxy for …

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Musk’s legal team to depose whistleblower Peiter Zatko in Twitter case

The subpoena, which was sent Thursday and filed publicly on Monday, comes days after Zatko publicly blew the whistle on the social media company, alleging that it has serious privacy and security vulnerabilities that could put users, investors and US national security at risk. The disclosure’s timing is fortuitous for Musk, who is fighting a …

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Elon Musk’s legal team has filed its official response to Twitter’s lawsuit

In the answer to Twitter’s complaint, which includes counter-claims against the company, Musk’s team attempts to refute the company’s allegations that the Tesla CEO is unjustly trying to exit the deal. His team repeats allegations that Twitter has misstated the number of fake and spam bot accounts on its platform — a central charge Musk …

Elon Musk’s legal team has filed its official response to Twitter’s lawsuit Read More »

Elon Musk’s legal team has filed its official response to Twitter’s lawsuit

In the answer to Twitter’s complaint, which includes counter-claims against the company, Musk’s team attempts to refute the company’s allegations that the Tesla CEO is unjustly trying to exit the deal. His team repeats allegations that Twitter has misstated the number of fake and spam bot accounts on its platform — a central charge Musk …

Elon Musk’s legal team has filed its official response to Twitter’s lawsuit Read More »