{"id":562288,"date":"2021-05-18T04:24:44","date_gmt":"2021-05-18T04:24:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/"},"modified":"2021-05-18T04:24:44","modified_gmt":"2021-05-18T04:24:44","slug":"elon-musk-has-the-crypto-markets-at-his-beck-and-call","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/","title":{"rendered":"Elon Musk has the crypto markets at his beck and call"},"content":{"rendered":"

<\/a> Elon Musk has the crypto markets at his beck and call:<\/strong> Crypto traders appear to be hanging on the bn\u2019aire tech tycoon\u2019s every word, with Musk\u2019s tweets causing huge gyrations in the price of BTC and other crypto assets over the past week. BTC hit new three-month lows yesterday after Musk hinted that his EV company Tesla may dump its holdings only to lurch back later in the day after he claimed not to have sold any, Bloomberg<\/a> reports. The cryptocurrency clawed back some of its losses as of dispatch time, rising 0.5% to USD 44,978.38. BTC plunged more than 16% last week after Musk tweeted<\/a> that the electric car company would no longer accept the digital asset as payment, citing the carbon emissions involved in BTC mining.<\/p>\n

This came the same week that Musk whipsawed BTC rival Dogecoin<\/strong>, driving the price down after calling the meme-based cryptocurrency a \u201chustle\u201d<\/a> on SNL. A day later Musk announced that his company SpaceX would use Dogecoin to fund its mission to the moon in 2022, helping it rise by a quarter on Friday.<\/p>\n

Can it really be lawful for Musk to almost single-handedly move crypto markets?<\/strong> Yes, according to regulatory experts, who tell Reuters<\/a> that nebulous market rules and the absence of evidence of intent to gain from market manipulation make it difficult for regulators to hold him to account.<\/p>\n

\u201cHave we reached peak market absurdity?\u201d<\/strong>LA Times<\/a> business columnist Michael Hiltzik wonders. The increasing unreality of NFTs, Dogecoin and GameStop, coupled with the disappearance of risk-off sentiment, may be the inevitable conclusion of the so-called \u201cFed Put,\u201d which has conditioned investors to always expect monetary policymakers to bail them out, he writes.<\/p>\n

Wait, you mean crypto may not be a riskless asset class? <\/strong>All of the hoopla has \u201craised new doubts among institutional fund managers over the future of cryptocurrencies as an asset class,\u201d the Financial Times<\/a> writes with characteristic understatement.<\/p>\n

\n

The SPAC market is continuing its slow death:<\/strong> Share prices in special purpose acquisition companies are dropping on takeover announcements, marking a reversal of the surge in enthusiasm<\/a> witnessed over the past 12 months, the Financial Times<\/a> reported. Only one of 13 SPACs that announced M&A activity in May is trading above the USD 10 SPAC shares are originally priced at. Just two months ago in March, this number was nine out of 10, according to research seen by the salmon colored paper. Market experts attribute the downturn to dwindling appetite among institutional players and a lack of interest from retail investors.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\"Up\"<\/td>\nEGX30 <\/strong><\/td>\n10,675<\/td>\n-0.9% (YTD: -1.57%)<\/td>\n<\/tr>\n
\"None\"<\/td>\nUSD (CBE)<\/strong><\/td>\nBuy 15.63<\/td>\nSell 15.73<\/td>\n<\/tr>\n
\"Up\"<\/td>\nUSD at CIB<\/strong><\/td>\nBuy 15.62<\/td>\nSell 15.72<\/td>\n<\/tr>\n
\"None\"<\/td>\nInterest rates CBE<\/strong><\/td>\n8.25% deposit<\/td>\n9.25% lending<\/td>\n<\/tr>\n
\"Up\"<\/td>\nTadawul<\/strong><\/td>\n10,396<\/td>\n+0.7% (YTD: +19.6%)<\/td>\n<\/tr>\n
\"Up\"<\/td>\nADX<\/strong><\/td>\n6,478<\/td>\n+0.8% (YTD: +28.4%)<\/td>\n<\/tr>\n
\"Up\"<\/td>\nDFM<\/strong><\/td>\n2,673<\/td>\n+0.3% (YTD: +7.3%)<\/td>\n
\"Down\"<\/td>\nS&P 500<\/strong><\/td>\n4,163<\/td>\n-0.3% (YTD: +10.8%)<\/td>\n<\/tr>\n
\"Down\"<\/td>\nFTSE 100<\/strong><\/td>\n7,033<\/td>\n-0.2% (YTD: +8.9%)<\/td>\n<\/tr>\n
\"Up\"<\/td>\nBrent crude<\/strong><\/td>\nUSD 69.68<\/td>\n+0.3%<\/td>\n<\/tr>\n
\"Up\"<\/td>\nNatural gas <\/strong>(Nymex)<\/td>\nUSD 3.13<\/td>\n+0.6%<\/td>\n<\/tr>\n
\"Up\"<\/td>\nGold<\/strong><\/td>\nUSD 1,873.80<\/td>\n+0.3%<\/td>\n<\/tr>\n
\"Up\"<\/td>\nBTC<\/strong><\/td>\nUSD 44,978.38<\/td>\n+0.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The EGX30 fell 0.9% yesterday<\/strong> on turnover of EGP 1.6 bn (22.9% above the 90-day average). Foreign investors were net sellers. The index is down 1.57% YTD.<\/p>\n

In the green: <\/strong>Fawry (+5.0%), GB Auto (+4.0%) and Oriental Weavers (+2.9%).<\/p>\n

In the red: <\/strong>CIB (-3.9%), ElSewedy Electric (-3.5%) and Orascom Development (-2.2%).<\/p>\n","protected":false},"excerpt":{"rendered":"

Elon Musk has the crypto markets at his beck and call: Crypto traders appear to be hanging on the bn\u2019aire tech tycoon\u2019s every word, with Musk\u2019s tweets causing huge gyrations in the price of BTC and other crypto assets over the past week. BTC hit new three-month lows yesterday after Musk hinted that his EV […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7210],"tags":[72,119,125,122,439],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562288","post","type-post","status-publish","format-standard","hentry","category-planet-finance","tag-enterpriseam","tag-financial-markets","tag-investment-watch","tag-planet-finance","tag-spacs","wpautop","entry"],"acf":{"mongo_id":"b51cb107-cea4-4207-87b5-8e8acceae531","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[562267],"teaser":"","voice_url":""},"yoast_head":"\nElon Musk has the crypto markets at his beck and call - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elon Musk has the crypto markets at his beck and call\" \/>\n<meta property=\"og:description\" content=\"Elon Musk has the crypto markets at his beck and call: Crypto traders appear to be hanging on the bn\u2019aire tech tycoon\u2019s every word, with Musk\u2019s tweets causing huge gyrations in the price of BTC and other crypto assets over the past week. BTC hit new three-month lows yesterday after Musk hinted that his EV […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-18T04:24:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ent.news\/2020\/9\/positive.png\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Elon Musk has the crypto markets at his beck and call\",\"datePublished\":\"2021-05-18T04:24:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/\"},\"wordCount\":515,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/2020\/9\/positive.png\",\"keywords\":[\"EnterpriseAM\",\"Financial Markets\",\"investment watch\",\"Planet Finance\",\"SPACs\"],\"articleSection\":[\"PLANET FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/\",\"name\":\"Elon Musk has the crypto markets at his beck and call - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/2020\/9\/positive.png\",\"datePublished\":\"2021-05-18T04:24:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/#primaryimage\",\"url\":\"https:\/\/ent.news\/2020\/9\/positive.png\",\"contentUrl\":\"https:\/\/ent.news\/2020\/9\/positive.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Elon Musk has the crypto markets at his beck and call\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Elon Musk has the crypto markets at his beck and call - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/","og_locale":"en_US","og_type":"article","og_title":"Elon Musk has the crypto markets at his beck and call","og_description":"Elon Musk has the crypto markets at his beck and call: Crypto traders appear to be hanging on the bn\u2019aire tech tycoon\u2019s every word, with Musk\u2019s tweets causing huge gyrations in the price of BTC and other crypto assets over the past week. BTC hit new three-month lows yesterday after Musk hinted that his EV […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-05-18T04:24:44+00:00","og_image":[{"url":"https:\/\/ent.news\/2020\/9\/positive.png","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Elon Musk has the crypto markets at his beck and call","datePublished":"2021-05-18T04:24:44+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/"},"wordCount":515,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/2020\/9\/positive.png","keywords":["EnterpriseAM","Financial Markets","investment watch","Planet Finance","SPACs"],"articleSection":["PLANET FINANCE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/","name":"Elon Musk has the crypto markets at his beck and call - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/2020\/9\/positive.png","datePublished":"2021-05-18T04:24:44+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/#primaryimage","url":"https:\/\/ent.news\/2020\/9\/positive.png","contentUrl":"https:\/\/ent.news\/2020\/9\/positive.png"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/elon-musk-has-the-crypto-markets-at-his-beck-and-call\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Elon Musk has the crypto markets at his beck and call"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":562400,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/crypto-markets-wild-gyrations-hit-other-asset-classes\/","url_meta":{"origin":562288,"position":0},"title":"Crypto markets\u2019 wild gyrations hit other asset classes","author":"enterpriseam admin","date":"23 May 2021","format":false,"excerpt":"Wall Street was mixed on Friday, with the S&P closing flat to turn in its first back-to-back weekly decline since February, the Nasdaq inching down 0.5% and the Dow advancing 0.4% thanks to a jump in Boeing shares, CNBC reportsBTC chaos ripples across financial markets: A violent week in the\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550066,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/12\/its-groundhog-day-for-the-elon-musk-twitter-saga\/","url_meta":{"origin":562288,"position":1},"title":"It\u2019s groundhog day for the Elon Musk \/ Twitter saga","author":"enterpriseam admin","date":"12 October 2022","format":false,"excerpt":"Elon Musk gets sued over Twitter buyout, again: A Twitter investor has accused the world\u2019s wealthiest bn\u2019aire of manipulating the platform\u2019s stock price by flip-flopping on his acquisition and making public accusations against the company, Bloomberg reports. The buyout ordeal sunk Twitter\u2019s stock price, harming investors while strengthening Musk's negotiating\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546061,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/twitters-board-greenlights-musks-takeover-bid\/","url_meta":{"origin":562288,"position":2},"title":"Twitter\u2019s board greenlights Musk\u2019s takeover bid","author":"enterpriseam admin","date":"26 April 2022","format":false,"excerpt":"Looks like Elon Musk is buying Twitter after all: The Twitter board has okayed the Tesla boss\u2019 offer to fully acquire the social media platform in an all-cash, USD 44 bn transaction, according to a statement picked up by PR Newswire. Musk will buy the shares at USD 54.20 each\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549248,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/08\/oil-prices-hit-lowest-levels-since-january-markets-increasingly-expect-another-75-bps-fed-rate-hike-this-month\/","url_meta":{"origin":562288,"position":3},"title":"Oil prices hit lowest levels since January + Markets increasingly expect another 75-bps Fed rate hike this month","author":"enterpriseam admin","date":"8 September 2022","format":false,"excerpt":"Investors are increasingly pricing in another huge rate-hike in the US this month: The futures markets is currently giving a 75% probability to the Federal Reserve raising interest rates by 75 bps for the third consecutive meeting on the back of Chairman Jerome Powell\u2019s hawkish speech last month, according to\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":554473,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/09\/the-pandemic-is-going-to-turn-the-rich-into-a-troupe-of-scrooge-mcducks-visa-delves-deeper-into-crypto\/","url_meta":{"origin":562288,"position":4},"title":"The pandemic is going to turn the rich into a troupe of Scrooge McDucks + Visa delves deeper into crypto","author":"enterpriseam admin","date":"9 December 2021","format":false,"excerpt":"The pandemic continues to make the rich even richer, with the top 0.01% of individuals now holding 11% of the world\u2019s wealth, according to the World Inequality Report 2022, recording the steepest increase in bn\u2019aires share of wealth on record. The report showed that bn\u2019aires own 3.5% of global household\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/617.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550615,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/elon-musk-isnt-joining-twitters-board-after-all-female-celebrities-are-urging-more-women-to-invest-in-nfts-and-crypto\/","url_meta":{"origin":562288,"position":5},"title":"Elon Musk isn\u2019t joining Twitter\u2019s board after all + Female celebrities are urging more women to invest in NFTs and crypto","author":"enterpriseam admin","date":"11 April 2022","format":false,"excerpt":"Elon Musk won\u2019t be joining Twitter\u2019s board of directors, turning down the offer of a seat at the table after becoming the company's single largest shareholder last week when he bought a 9.2% stake. Musk relayed his decision on Saturday \u2014 the day he was due to be appointed, Twitter\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=562288"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562288\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/562267"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=562288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=562288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=562288"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=562288"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=562288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}