Business

Elon Musk misled Twitter investors ahead of acquisition, jury says

Published

5 hours ago

20 March 2026

Elon Musk misled Twitter investors ahead of acquisition, jury says

Check out what’s clicking on FoxBusiness.com.

A California jury on Friday concluded that Elon Musk misled Twitter investors ahead of his $44 billion acquisition of the social media giant in 2022.

Jurors in federal court in San Francisco found on Friday that Musk intentionally misled Twitter shareholders when he tweeted the social media network, which was later renamed X, had too many fake accounts and tried to back out of the deal.

Musk has on multiple occasions chosen to battle shareholders in court rather than settle, including in a 2023 trial concerning his electric car company Tesla and litigation over his $139 billion Tesla pay package.

He won both cases. Musk is now also in talks to settle a U.S. Securities and Exchange Commission civil lawsuit accusing him of violating federal law by waiting too long in 2022 to disclose his initial purchases of Twitter so he could scoop up more before investors caught on.

The current trial in San Francisco began on March 2. The lawsuit covers investors who sold Twitter stock between May 13 and Oct. 4, 2022.

This is a developing story. Please check back for updates.

Reuters contributed to this report.

Business

Dollar’s dominance in oil markets faces structural test as Gulf trade shifts

Published

2 minutes ago

21 March 2026

NewsAdmin

Dollar’s dominance in oil markets faces structural test as Gulf trade shifts

Business

Five Below Stock Might Grow Faster Than Its Management Expects (NASDAQ:FIVE)

Published

8 minutes ago

21 March 2026

NewsAdmin

Five Below Stock Might Grow Faster Than Its Management Expects (NASDAQ:FIVE)

I am a freelance business writer. I formerly wrote articles for the Motley Fool Blogging Network, where I won several editor’s choice awards. After that, I wrote articles for the main Motley Fool site. I typically focus on restaurants, retailers, and food manufacturers, considering both growth opportunities and valuation metrics. I usually look for long term investment opportunities and plan to hold stocks for several years.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Business

Home working, long leases and rise of parking apps – what went wrong for NCP

Published

15 minutes ago

21 March 2026

NewsAdmin

Home working, long leases and rise of parking apps - what went wrong for NCP

How could a company that charged as much as £65 for a day’s parking fail to turn a profit?

Business

In War, Things Tire Or Break, StandardAero Stock To The Rescue (NYSE:SARO)

Published

22 minutes ago

21 March 2026

NewsAdmin

In War, Things Tire Or Break, StandardAero Stock To The Rescue (NYSE:SARO)

Joseph Shaefer is a geopolitical, economic, and resource analyst. He is a retired senior military officer with deep experience in Special Operations and Intelligence. He is also a former university professor and a retired Senior V.P. at Charles Schwab & Co. He is today the leader of the investing group The Investor’s Edge®. His approach to investing is both specific and universal. On one end of the “barbell,” he makes especially deep dives into Energy, Resources, Aerospace and Defense, and Infrastructure. On the other end, a thorough research into the safest and best-paying income ETFs and companies and their preferred shares. Unique features exclusively for subscribers at The Investors Edge® include the Growth & Value sample portfolio, early notification of articles likely to be discussed with the general Seeking Alpha audience, notification of purchases and sales prior to execution, and short notes and articles for subscribers on an as-it-happens basis. Five decades of experience, 2 to 4 articles monthly exclusively for subscribers, and access to Joseph and his community in a chat corner that is reviewed daily.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of SARO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I write about SARO exclusively for your due diligence.

Business

Indonesia seeks $5 billion budget savings to face Iran war impact

Published

29 minutes ago

21 March 2026

NewsAdmin

Indonesia seeks $5 billion budget savings to face Iran war impact

Business

Visa, Mastercard and American Express Have Gotten Roughed Up. The Case for Buying the Dip.

Published

34 minutes ago

21 March 2026

NewsAdmin

Visa, Mastercard and American Express Have Gotten Roughed Up. The Case for Buying the Dip.

Business

Lucid Group, Inc. (LCID) Presents at Bank of America Global Automotive Summit Transcript

Published

42 minutes ago

21 March 2026

NewsAdmin

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Lucid Group, Inc. (LCID) Bank of America Global Automotive Summit March 17, 2026 2:10 PM EDT

Company Participants

Taoufiq Boussaid – Chief Financial Officer
Marc Winterhoff – Interim Chief Executive Officer

Presentation

Unknown Analyst

The next leg of our corporate series here. We’re really excited to have Lucid here with us today. Lucid is an auto tech company that IPOed in 2021 and is focused on the design, development, customer experience, sale and service of premium electric vehicles, primarily, at least currently targeting the luxury consumer market. Its flagship consumer vehicles include the Lucid Air Sedan, Lucid Gravity three-row SUV and currently actively developing its Midsized platform, which I think we’re going to talk a lot about. So really, really excited to have Lucid here with us today.

Today, we have Marc Winterhoff, Lucid’s Interim Chief Executive Officer; as well as Taoufiq Boussaid, Chief Financial Officer. So thank you both for being here. We appreciate it.

Question-and-Answer Session

Unknown Analyst

So I guess maybe just to start, you just hosted your Investor Day. So I think timing is really good here. And you shared a number of updates. For investors who may have not been able to see the full presentation, can you maybe just walk us through what the most important takeaways you want sort of investors to focus on, on the back of your Investor Day that you hosted?

Taoufiq Boussaid
Chief Financial Officer

Yes. I think that there are a couple of key messages. The first one and probably in my mind, the most important one is that we are at a pivotal time, a pivotal time where we’re transitioning from a period of heavy investment because we needed to establish our manufacturing system. We have 2026 being the last year of this heavy investment cycle and then we’re moving to

Business

DiaSorin S.p.A. (DSRLF) Q4 2025 Earnings Call Transcript

Published

49 minutes ago

21 March 2026

NewsAdmin

Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the DiaSorin Full Year 2025 Results Conference Call. [Operator Instructions]

At this time, I would like to turn the conference over to Mr. Carlo Rosa, CEO of DiaSorin. Please go ahead, sir.

Carlo Rosa
CEO, GM & Executive Director

Thank you, operator. Ladies and gentlemen, good afternoon, and welcome to the DiaSorin full year results.

Today, we have a busy agenda. I’m going to make some business remarks. Then our current CFO, Mr. Pedron is going to take us through the 2025 financials, our future CFO, Mr. Alberto is going to discuss about guidance 2026, and then collectively, we’re going to take questions.

So let me start from 2025 business comments. 2025, I think, marked a year of good achievement for our company with success for our strategy in the different technologies with Immuno delivering 7% growth, Molecular Diagnostics year-on-year flat and we’ll see later primarily related to the fact that the flu season this year is — has been very weak. And then LTG delivering to expectation flattish compared to previous year. And again, we will discuss later, primarily due to the fact that on the Life Science segment, as I think is very well known by everybody, 2025 has not been an exciting year.