Disney shares dinged, Musk's Twitter move, Fed's Powell spooks market
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Wolfspeed CEO Gregg Lowe explains the benefits silicon carbide technology on "The Claman Countdown."
Investors dinged Dow member Disney after Florida lawmakers passed a bill to revoke the media giant's special tax status in the state.
S&P 500, 10-year Treasury yield
The 2-year Treasury yield topped 2.7% for the first time since December 2018, with the yield on the benchmark 10-year note on track to finish at the highest since mid-December 2018.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| UNG | $23.92 | -0.06 | -0.25% |
Elon Musk, in a filing with the Securites and Exchange Commission, confirmed financing for his $43 billion or $54.20 per share offer for Twitter.
SEC FILING: To finance the Proposed Transaction or a Potential Offer, entities related to the Reporting Person have received commitment letters committing to provide an aggregate of approximately $46.5 billion. Details here.
Elon Musk
| Symbol | Price | Change | %Change |
|---|---|---|---|
| AAL | $19.48 | -0.11 | -0.56% |
An American Airlines Boeing 757
American Airlines Group Inc reported a smaller adjusted first-quarter loss on Thursday, as a strong pickup in travel in March helped offset a blip in January caused by the omicron variant of COVID-19.
Read the full story: American Airlines reports smaller loss as pickup in travel offsets omicron blip
NYSE floor traders (REUTERS/Brendan McDermid )
Traders will focus on jobless claims and a slew of earnings, including those of AT&T. Continue reading
Tesla CEO Elon Musk ((Photo by Yasin Ozturk/Anadolu Agency via Getty Images)
Tesla stock traded 7% higher in premarket trading Thursday, after the electric vehicle maker beat Wall Street estimates for the first quarter of 2022 with record revenue, vehicle deliveries and operating profit. Continue reading
Oil drilling (iStock)
Oil prices added to gains on Thursday over concerns about supply due to a possible European Union ban on Russian oil. U.S. crude now up nearly 40% for the year. Continue reading
Bitcoin has had a positive week so far, trading above $41,000. The cryptocurrency is up for three consecutive days heading into Thursday. Continue reading
Gas prices (AAA)
The average price for a gallon of gasoline in the U.S. moved higher on Thursday to $4.12, according to the latest numbers from AAA. The price on Wednesday was $4.114. The record high was $4.33, set on Friday March 11, 2022.
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