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Saturday, July 15, 2023

Elon Musk says Twitter's cash flow still negative as ad revenue drops

Elon Musk said Twitter's cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load. "Need to reach positive cash flow before we have the luxury of anything else," Musk said in a tweet early on Saturday.

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Investors to keep eye on US-China tariff war, Q4 earnings and inflation data in holiday-shortened week

Equity markets are bracing for a volatile, holiday-shortened week, influenced by US-China trade war developments and key Q4 earnings from In...