Elon Musk is taking Jack Dorsey to court as part of his legal battle with Twitter.
Mr Musk is seeking to end his $44bn deal for Twitter after alleging the firm failed to provide enough information on fake account numbers.
But the social media site is suing Mr Musk to try to force him to buy it.
The case will be heard in Delaware, US, in October unless both parties decide to settle outside of court beforehand.
The US 10 year yield dipped today, reaching an intraday low of 2.584%. This move takes the yield closer to the next target, which is between 2.53% and 2.557% (this is the range between the swing high from March 28 and the swing low from April 7, before the recent run-up). This is the sixth…
More than tens of thousands of people in Pakistan have been forced from their homes in the past 24 hours as floods swept downriver. Many of those affected are living in camps set up on higher ground. The disaster has been compounded by a heatwave and low water levels in reservoirs. More than 10,000 people…
U.S stocks tumbled on Thursday after European Central Bank sources said that the bank is not currently considering further stimulus measures. The comments weighed on stock markets around the world, with the Dow Jones Industrial Average falling more than 131 points, or 0.42%. The ECB’s recent comments that 75 basis points is not off the…
In what appears to be retaliation for an alleged act of help the CEO of MetaQuotes has given Russian oligarchs in moving funds out of Russia, the MetaTrader MT4 and MT5 platform has been removed from the Apple iOS store. Android users can still access the platform via mobile. To the shock of traders, Apple…
Elon Musk is known for being a tough negotiator. He’s also known for breaking up marriages. Some say that his tenacity is what makes him a great business leader. Others say that it’s what makes him a terrible husband. Last fall, Elon Musk had a brief affair with the wife of Sergey Brin. This prompted…
Last week, the Bank of England revealed that negative interest rates are now under consideration, which immediately caused a sell-off of GBP. Although the interest rates were kept unchanged at 0.10%, it was the headline that said the MPC had been briefed on the BoE’s plans to explore how a negative bank rate could be…
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