The US labor market isn't ready to slow down just yet.

The United States' credit rating could come under pressure if the government shuts down, Moody's Investors Service cautioned Monday.

DALLAS & FORT WORTH, Texas--(BUSINESS WIRE)--May 24, 2023--

Dutch pension funds are plowing cash into long-dated swap contracts, according to strategists, upending one of this year’s

Walmart raised its full-year profit forecast on Thursday following strong sales growth in the United States fueled by gains in...

SYDNEY Economists at Westpac now expect Australian interest rates to rise further in November, the latest bank to

On Saturday (July 15), Elon Musk revealed that Twitter is struggling with a “heavy debt load” due to advertising revenue dropping 50 per cent. Responding to a user seemingly giving financial business advice to Musk, the billionaire replied explaining that the company is “still in negative cash flow, due to ~50 per cent drop in advertising revenue plus heavy debt load. Need to reach positive cash flow before we have the luxury of anything else.” Back in April, Musk had said Twitter was “roughly breaking even,” as most of its advertisers had returned. However, a New York Times report in early June found that Twitter’s revenue from US advertising was down 59 per cent from the previous year. Since taking over Twitter in October last year, Musk has faced constant scrutiny for his business decisions, cutting roughly 75 per cent of its workforce almost immediately, as well as reinstating users who were previously banned for breaking terms of service. Sign up to our free Indy100 weekly newsletter In May, Musk hired a new CEO, Linda Yaccarino, an ex-NBCUniversal advertising executive. The new hire was supposed to signal a fresh start for the platform under Musk’s ownership, but it clearly hasn’t worked in bringing previous advertisers back. Twitter has also caused new upset by imposing ‘rate limits’ on how many tweets users can view a day. At the time, Musk had said the restrictions were required to “address extreme levels of data scraping & system manipulation”. Another challenge that faces Twitter is Meta’s Threads, the new app it launched this week to compete with Twitter. Meta saw over 100 million users sign up in the first two weeks, but is yet to allow advertisers to host on the platform, despite interest. In response, Twitter threatened legal action, with Twitter’s attorney, Alex Spiro, accusing Meta for unlawfully using trade secrets and other intellectual property to create a “copycat” app. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

The interest rate that neither spurs nor slows the US economy has at least doubled in the aftermath

Trucking company Old Dominion Freight Line Inc. has offered $1.5 billion to acquire Yellow Corp.’s portfolio of terminals

$44 billion. That's how much Elon Musk acquired Twitter for in October 2022. $1 billion.

MARKHAM, Ontario--(BUSINESS WIRE)--Jul 4, 2023--

A look at the day ahead in European and global markets from Tom Westbrook British inflation figures this morning could