Elon Musk gestures as he speaks during a press conference at SpaceX's Starbase facility near Boca Chica Village in South Texas on February 10, 2022.
Jim Watson | AFP | Getty Images
- Elon Musk offers to buy Twitter (TWTR) for $54.20 a share, or about $43 billion. The Tesla (TSLA) CEO hired Morgan Stanley as an adviser ... Real deal? In a letter sent to Twitter Chairman Bret Taylor, Musk said it was "my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder." Extraordinary potential.
- Rates lower again … barely. Yields on U.S. Treasurys dipped early Thursday morning amid investor hopes that inflation is peaking.
- Club name Morgan Stanley (MS) big beat: Earnings per share hit $2.02 versus $1.68 expected, and revenue was $14.8 billion versus $14.2 expected. Added big assets ... Investment banking revenue down 37% from a year ago at $1.6 billion. Equity trading came in at $3.2 billion, higher than expectation of $2.7 billion.