Musk faces deposition with Twitter ahead of October trial
Tesla CEO Elon Musk is scheduled to spend the next few days with lawyers for Twitter, answering questions ahead of an October trial that will determine whether he must carry through with his $44 billion agreement to acquire the social platform after attempting to back out of the deal.
The state agency enforcing housing rules doesn’t care about affordable housing
This is how bad California’s housing policy has become: An affordable housing group in San Francisco is asking the state to please, please work with local folks on affordability issues—because otherwise there’s no possible way this city can meet its state-mandated goals.
How much ‘pain’? Fed to signal more rate hikes ahead
Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the Fed’s drive to curb inflation by aggressively raising interest rates would “bring some pain.” On Wednesday, Americans may get a better sense of how much pain could be in store.
Stocks manage to post modest gains after a wobbly day
Stocks on Wall Street shook off an afternoon slide and finished modestly higher Wednesday, clawing back some of their losses a day after the market’s worst skid in two years.
Markets shudder on dashed inflation hopes; Dow falls 1,250
Stocks tumbled to their worst day in more than two years Tuesday, knocking the Dow Jones Industrial Average down more than 1,250 points, following Wall Street’s humbling realization that inflation is not slowing as much as hoped.
