Elon Musk to reportedly revive Vine

The short-form video app Vine could be revived soon, six years after being shut down, if Elon Musk has his way. Musk, who completed his $44 billion purchase of Twitter last week, has directed Twitter engineers to work on a Vine relaunch, a source familiar with the matter confirmed

Schumer saya close to marijuana legalization

Per Marijuana moment: Senate Majority Leader Chuck Schumer (D-NY) says Congress is getting “very close” to introducing and passing a marijuana bill with provisions covering banking access for legal businesses and expungements of past convictions, citing progress he’s made in discussions with a “bunch of Republican senators.” During

Elon Musk sole director of Twitter

Elon Musk is now Twitter's sole director after scrapping the social-media company's nine-person board of directors. Musk's purchase of Twitter went through on Thursday evening. When first outlining his plans for his ownership of Twitter, Musk said [https://www.sec.gov/Archives/

Employees Working on New Twitter Verification were Given a Deadline of November 7, or They were Fired

Per The Verge After Elon Musk's takeover, one of his major plans includes charging $20 per month for verification. The team working on the new verification charges was given a deadline of November 7 for the update. Musk brought Tesla engineers into Twitter as advisors while he laid

Senate Republicans Ask for Explanation from SEC as to Why Staff are Leaving at the Highest Rate in 10 Years

Per Reuters Senate Republicans are asking for an explanation from the SEC as to why their staff are leaving at the highest rate in 10 years. The high departure rate comes amid numerous proposed rules Gary Gensler, the chair of the Securities and Exchange Commission, adds that they lack the

66% of Americans Suffer have It Worse Due to Inflation

Per CNBC and Lending Tree A survey of 5000 adults in August found that 66% of Americans are worse than a year before due to inflation. 1 out of 3 workers is running out of money before their next payday, even those earning over $100k. 72% of consumers have fewer

401(k)s Employee Contribution Limit Jumps by $2K from $20,500 in 2022 to $22,500 in 2023

Per CNBC Annual employee contributions for 401(k)s, 403(b)s, most 457 plans, and Thrift Savings will jump from $20,500 in 2022 to $22,500 in 2023. The IRS has also increased the catch-up contribution value from $6,500 in 2022 to $7500 in 2023. Employees

Elon Musk to charge for Twitter verification monthly

Per the Verge: The directive is to change Twitter Blue, the company’s optional, $4.99 a month subscription that unlocks additional features, into a more expensive subscription that also verifies users, according to people familiar with the matter and internal correspondence seen by The Verge. Twitter is planning to

Elon Musk unlikely to pay fired executives

Per NYT: Mr. Musk also appears unlikely to pay the golden parachutes that the fired top executives of Twitter were set to receive. Under the merger agreement, those executives — including Parag Agrawal, the chief executive — had been set to receive compensation of $20 million to $60 million if they were

Elon Musk reportedly begins firing Twitter workers

Per the Verge: Elon Musk reportedly ordered company-wide layoffs at Twitter on Saturday, according to a report from The New York Times. It’s unclear how many workers will be affected by the purported job cuts, but sources told the NYT that some departments will be affected more than

GM temporarily suspends advertising on Twitter following Elon Musk takeover

Per CNBC: General Motors is suspending its advertising on Twitter following Elon Musk’s takeover of the social media platform, the company told CNBC on Friday. The Detroit automaker, a rival to Musk’s Tesla , said it is “pausing” advertising as it evaluates Twitter’s new direction. It will continue

American workers are earning just 12 cents more now than in the 1970s

When adjusted for inflation, wages have remained virtually unchanged over the last 50 years, with workers today earning just 12 cents more than they did in 1972. And with inflation at its highest since 1971, Americans are feeling the pain of slow wage growth. Two-thirds of American workers said

Advertisers plan to boycott Twitter if Elon Musk lets Donald Trump start tweeting again, report says

Per BI: Advertisers plan to boycott Twitter if Elon Musk allows Donald Trump back on the platform after he took control on Thursday night, The Wall Street Journal reported. After paying $44 billion to close the deal [https://www.businessinsider.com/elon-musk-twitter-reach-agreement-to-close-acquisition-deal-

People are pretending to be laid-off Twitter employees carrying boxes outside of HQ

Per the Verge: In videos circulating on Twitter Friday morning, two men carrying boxes are seen standing near the entrance to Twitter’s San Francisco building, claiming to have been laid off by Elon Musk, who officially took over the company Thursday evening [https://www.theverge.com/2022/10/27/

Twitter CEO Parag Agrawal Will Receive $42M After Being Fired Amidst Company Buyout

Per Bloomberg and Reuters Parag Agrawal, the Twitter CEO replacement of Jack Dorsey, is among the executives Elon Musk plans to depart from the company. Upon Elon Musk's $44 billion acquisition of the company, Agrawal is set to vest 100% of his unvested equity awards worth an estimated

NYC Rent has Risen 19% in the Last 12 Months Compared to the 12.3% National Average

Per Bloomberg New York City rents have increased by 19% over the last 12 months compared to the 12.3% national average rent increase. Average Manhattan rent was $2,804 in February and increased to $3,998 in August based on Zillow rental index data. Increases in other states compared

Germany's Scholz and France's Macron Threaten Trade Retaliations Against the US Over for Production Shift Plans

Per Politico Chancellor of Germany Olaf Scholz and President of France Emmanuel Macron agree that there is alarming unfair competition from the US and that Europe needs to retaliate. Both agreed that the recent American state subsidy plans represent measures to shift production to the US. They agreed that the

European Union Plans to Effectively Ban Combustion-Engine Sales by 2035 in Support of Electric Vehicles

Per Reuters The European Parliament and the EU countries have agreed to mandate that carmakers achieve a 100% cut in CO2 emissions by 2035. This would make it impossible for them to sell new fossil fuel-powered vehicles within the 27-country block. The deal also includes a 55% CO2

Elon Musk to reverse lifetime bans on Twitter users

Per Bloomberg: Elon Musk plans to assume the role of chief executive officer at Twitter Inc. after completing his $44 billion acquisition, taking the helm of the social media giant on top of leading Tesla Inc. and SpaceX, Bloomberg News reports. Musk intends to replace Parag Agrawal, who was fired

US GDP up at 2.6%

U.S. economic growth rebounded more than expected in the third quarter amid a continued decline in the trade deficit, but that overstates the economy's health as the Federal Reserve's aggressive interest rate increases curbed consumer spending. Gross domestic product increased at a 2.6% annualized

Elon Musk asked engineers from Tesla to meet with product leaders at Twitter

Per Bloomberg: Elon Musk asked engineers from Tesla Inc., the electric-car maker he runs, to meet with product leaders at Twitter Inc., moving swiftly to make a mark on the company he’s about to take private, according to people familiar with the matter. Earlier Thursday in Twitter’s

Twitter to be removed from the S&P500

Per the Block: The S&P 500 is exiting Twitter (TWTR) from its stock market index on Nov. 1, days after it's being sold to billionaire Elon Musk. Global insurance, reinsurance and mortgage insurance company Arch Capital Group, $ACGL, will replace Twitter before the markets open that

Elon has bought Twitter

Elon Musk has added Twitter to his business empire after months of legal skirmishes, according to CNBC, The Washington Post. and Insider. Musk’s first move on Thursday was to oust Parag Agrawal, who was Twitter’s last CEO as a public company. Chief financial officer Ned Segal and Vijaya

Elon Musk has taken control of Twitter, per CNBC

This is a breaking story. Elon Musk is reportedly to close his $44 billion acquisition of Twitter. Musk will purchase the company at its original $54.20 per share terms. Twitter equity investors Binance, Sequoia Capital, Qatar Investment Authority, and others have already received the requisite paperwork from Musk'

Americans Aged 18 to 29 have a 76% Higher Credit Card Delinquency Rate Compared to Other Groups

Per CNBC Credit card delinquency rates have increased .16% from its previous 5.32% in America with individuals aged 18 to 29 having a 76% higher delinquency rate compared to other groups at 9.36%. Americans aged 50 and over have a delinquency rate below 5%. Credit card debt reached