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February 8th - Despite the silver price plunge that has almost wiped out its astonishing gains at the beginning of the year, retail investors still poured nearly $500 million into the silver market over the past week. According to data analysis from Vanda Research, retail investors poured $430 million into the largest silver ETF, SLV, in the six trading days ending Thursday, including over $100 million on January 30th, when silver prices fell 27%, marking the largest single-day drop in history. StoneX analyst Ronna OConnell stated, "People are drawn to the allure of silver." She added that silvers appeal was further amplified by its "massive sell-off," with some investors seeing it as a buying opportunity at lower prices.The European-Mediterranean Seismological Centre reports a 5.9-magnitude earthquake in the Cuba region.February 8th - It is understood that although US President Trump has repeatedly claimed that India has pledged to stop purchasing Russian oil, the joint statement between the US and India regarding the trade framework agreement did not mention this. On February 6th, Trump signed an executive order eliminating the 25% tariff on Indian goods and claimed that India had pledged to stop purchasing Russian oil and instead buy American energy vehicles.Takayuki Kobayashi, Policy Research Council Chairman of the Liberal Democratic Party of Japan: The Liberal Democratic Party will expedite deliberations to achieve a reduction in the consumption tax.According to NHK exit polls, the Liberal Democratic Party is projected to win between 274 and 328 seats out of a total of 465 in the House of Representatives.

Twitter CEO Says Two Leaders to Leave, Hiring Suspended During Musk Takeover

Charlie Brooks

May 13, 2022 10:00

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Two senior Twitter (NYSE:TWTR) leaders who oversee the consumer and revenue divisions will leave the social media company, CEO Parag Agrawal announced in a memo to employees on Thursday. This is one of the most significant changes at the company since billionaire Elon Musk announced he would acquire it for $44 billion.


Agrawal also stated in the memo, which was seen by Reuters, that Twitter would halt the majority of hiring and analyze all existing job offers to decide whether any "should be retracted."


He ascribed the decision in part to Twitter's inability to meet user growth and revenue benchmarks in order to preserve confidence that it might accomplish 2020's aggressive growth goals.


Agrawal wrote, "We must continue to be deliberate about our teams, hiring, and expenses."


The company had aimed for $7.5 billion in annual revenue and 315 million daily users by the end of 2023, but in its most recent quarterly report, it abandoned these targets.


On Thursday, both Kayvon Beykpour, who ran Twitter's consumer division, and Bruce Falck, who supervised revenue, posted that their departures were not voluntary.


"Parag requested me to resign after informing me that he intends to take the team on a new route," tweeted Beykpour, adding that he was still on paternity leave from Twitter.


Falck stated, "I'll clarify that I, too, was fired by (Parag)," however he later deleted the tweet.


Falck congratulated his staff in a series of tweets and altered his bio to indicate that he was unemployed.


"Your efforts allowed us to accomplish the outcomes we did; quarterly revenue does not lie. Google it, (NASDAQ:GOOGL) "he said.


Jay Sullivan, who led the consumer unit during Beykpour's sabbatical, will become the division's permanent leader. Agrawal stated in the memo that he will also oversee the revenue unit until a new head is appointed.


Agrawal stated that while no layoffs are anticipated, Twitter will lower its spending on contractors, travel, marketing, and real estate.

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