BUSINESS

BUSINESS

A Lot Of Glee As Twitter Seeks To Set Trump Free

Former President Trump may soon see his Twitter account restored once Elon Musk achieves his goal of taking full control of the social media platform. Musk, the reputed billionaire, has set plans in motion to purchase Twitter for $44 billion. Musk had posited earlier that Twitter should be more “reluctant to delete things” and “very cautious with permanent bans.” He […]

BUSINESS

Apple Set To Discontinue iPod Touch

Apple has announced it is discontinuing its original music player, the iPod Touch.  The firm says it will remain available to buy while stocks last. It was last updated in 2019. The iconic MP3 player was launched in 2001 and could up to store 1,000 tracks.  It was designed by Tony Fadell, who later invented the iPhone. Support The Readers […]

BUSINESS

BP Sees Mammoth Increase In Profit

BP plc, the British oil and gas company has seen its profits for the first quarter of this year more than doubled after oil and gas prices soared. The energy company reported an underlying profit of $6.2 billion compared to $2.6 billion in the same period last year. BP said the increase was ahead of expectations and due in part […]

BUSINESS

Judge Tosses Trump’s Lawsuit In Twitter Case

According to press reports, a San Francisco judge threw out former President Donald Trump’s lawsuit challenging his permanent ban from Twitter. The report said the U.S. District Judge James Donato charged that former President Trump failed to show Twitter violated his First Amendment right to free speech. It also noted Mr. Trump failed to show that Twitter was working as […]

BUSINESS

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BUSINESS

U.S. Stocks Continue Up And Down Performance

Global markets took a beating as Wall Street suffered its worst day of decline within the year. Major European indexes fare no better in early trading. In the U.S., the losses came after the Dow dropped more than 1,100 points and the S&P 500 fell 3.7 percent on Thursday, wiping out Wednesday’s gains as investors worried about the impact of […]

BUSINESS

Shell Sees Record High Quarterly Profits

Energy company Shell has reported its highest ever quarterly profits as oil and gas prices surge around the world. Shell made $9.13 billion in the first three months of the year, nearly triple the $2.2 billion profit it announced for the same period last year. But the firm said pulling out of Russian oil and gas due to the Ukraine […]

BUSINESS

U.S. Employment Rate Holds Strong

The U.S. economy added 428,000 jobs and the jobless rate held even at 3.6 percent, according to data released Friday by the Labor Department. The April jobs report showed job growth holding strong in April as the unemployment rate remained just 0.1 percentage points above its level in February 2020. Economists expected the U.S. to have added roughly 300,000 jobs, […]

BUSINESS

U.S. Workers — See You Later Alligator   

A record 4.5 million workers in the United States quit their jobs in March. According to new data from the U.S. Bureau of Labor Statistics, resignations from people in the professional and business services sector, as well as construction increased significantly last month. The overall exit rate moved up to three percent, a level not seen since December 2021. Support […]

BUSINESS

Oil Propels Saudi GDP Growth To Near 10 Percent In The First Quarter

Saudi Arabia records its fastest economic growth rate in a decade as the oil sector fuels a 9.6 percent rise in the first quarter. Saudi Arabia’s economy has registered a nearly 10 percent rise in its first-quarter compared to the same period last year thanks to high global crude prices. The world’s largest oil exporter reported its fastest economic growth […]