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Dorsey absent as Twitter’s activist talks on CEO’s future

Bloomberg When Twitter Inc executives met their activist investor agitators from Elliott Management Corp for the first time last week, the man with the most to lose was absent. Jack Dorsey, the Twitter chief executive officer whose role is in the crosshairs, didn’t attend the summit in San Francisco where his future was the main topic of conversation, according to ...

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The coronavirus gores Trump’s bull market

We all knew that the stock market boom would one day come to an end, but who imagined that the instrument of its demise would be a runaway global virus? The market had been setting new highs as late as February 12 and appeared little concerned with the coronavirus, whose effects seemed mainly confined to China. Since then, it’s been ...

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China’s NIO needs a new strategy

Will a provincial government be able to save China’s Tesla wannabe? Investors seem to think so. The reality may be different. New York-listed NIO Inc., a self-described pioneer in China’s premium electric vehicle market and rival to Elon Musk’s company, said that it has made a tentative agreement with the municipal government of Hefei in Anhui province for funding support. ...

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