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Market news: US President Trump and Ukrainian President Zelensky will hold talks on air defense and weapons issues on Friday, and will also discuss possible negotiations with Russia.S&P Global and Moodys share prices fell in the short term, down 2% and 3% respectively.Germanys DAX30 index closed up 139.27 points, or 0.57%, at 24,406.07 points on Monday, October 13; Britains FTSE 100 index closed up 14.38 points, or 0.15%, at 9,441.85 points on Monday, October 13; Frances CAC40 index closed up 16.26 points, or 0.21%, at 7,934.26 points on Monday, October 13; Europes The STOXX 50 index closed up 37.73 points, or 0.68%, at 5569.05 points on Monday, October 13; the Spanish IBEX 35 index closed up 51.36 points, or 0.33%, at 15537.56 points on Monday, October 13; and the Italian FTSE MIB index closed up 126.50 points, or 0.30%, at 42174.00 points on Monday, October 13.On October 13th, Standard Chartered Bank analysts Nicholas Chia and Steve Englander stated in a report that while the Federal Reserve is expected to continue cutting interest rates throughout 2025, the likelihood of further rate cuts in 2026 will decrease if the US economic momentum remains strong. The two analysts pointed out that in the medium to long term, this scenario could push up the US dollar and US Treasury yields. "We believe that market expectations of a Fed rate cut of approximately 63 basis points in 2026 may be gradually eliminated, especially if US economic momentum continues and productivity growth exceeds expectations, which will push yields and the US dollar further higher."Woodside Energy CEO: The demand potential for LNG is huge.

Elon Musk Modifies Twitter's Voting Policy Following His Resignation

Charlie Brooks

Dec 20, 2022 11:19

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Elon Musk announced on Tuesday that only Twitter Blue subscribers will be entitled to vote on future platform policy issues, just after an overwhelming majority of users voted for his removal as CEO.


Musk agreed with a tweet recommending he implement such a vote mechanism and stated, "Twitter will make this adjustment."


The action comes only one day after roughly 58% of 17.5 million users voted "Yes" to Musk's poll on whether he should resign as the social media platform's leader. Musk stated that he will "abide" by the poll's results.


The chief executive officer of Tesla Inc (NASDAQ:TSLA), which acquired Twitter earlier this year, has stated that all significant policy decisions for the social media site will be determined by public vote. The prospective restriction of voting in these polls to only verified users will undoubtedly lower participation.


It also provides a greater incentive to subscribe to Twitter's recently reopened verification program, following a catastrophic deployment in November that led to an increase in impersonators and false accounts on the social media network.


The Twitter Blue subscription service provides users with a blue check on their profile and a number of additional capabilities, such as the ability to edit tweets. Blue users' Block and Mute acts will be incorporated into the platform as downvotes.


Musk's purchase of Twitter sparked further controversy after the site terminated the accounts of numerous notable journalists who were believed to be critical of the Tesla CEO. The website had also suspended accounts that tracked the real-time positions of public personalities, most notably an account that followed Musk's private jet.


Twitter reinstated the journalist accounts following widespread reaction to their removal. The site also reinstated the accounts that tracked Musk's real-time movements after a series of surveys conducted by Musk revealed overwhelming user support for their reinstatement.


Allegations that the Tesla CEO is neglecting his duties at the electric vehicle manufacturer have infuriated shareholders. Musk was also criticized for selling nearly $3 billion in Tesla shares last week, despite repeated pledges that he would not do so.