Wall Street's main indexes opened higher on Friday (May 13) at the end of a bumpy week marked by rising concerns over tighter monetary policy and slowing economic growth, while Twitter sank after Elon Musk put his deal for the social media company on hold.

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Twitter has published an account of its deal with Elon Musk suggesting his concerns about "fake users" only arose after setting a price. The Tesla mogul's takeover is not yet complete, with Musk calling it into question.

Musk accused Twitter of not providing data on spam accounts, saying he reserves "his right to terminate the merger agreement" over the dispute.

Elon Musk's legal team has warned Twitter that the Tesla boss could walk away from a $44 billion deal to buy the social media giant, accusing it of breaching its contractual obligations by not sharing information about how fake accounts are calculated. We take a closer look. Plus, at its annual Worldwide Developers Conference in Palo Alto, Apple launches a redesigned MacBook Air and a MacBook Pro with a new chip that makes them faster and more powerful.

Twitter hit back on Monday at Elon Musk for accusing the social media company of breaching its obligations in their merger agreement, saying it is Musk who's breaching the $44-billion deal by attempting to ditch it.

The richest man in the world has claimed in court that Twitter lied to him about key parts of the business. The Tesla CEO is facing a lawsuit to force him to go through with his purchase of the social media company.

Twitter shareholders have approved Elon Musk's $44 billion offer to buy the social media platform, months after the billionaire tried to back out of the deal. The case will be heard by a US court in October. Meanwhile, a Senate panel has heard explosive testimony about security practices at Twitter. A whistleblower alleges that a Chinese agent was on Twitter's payroll and that management routinely ignored warnings about data security. Also in the show, US inflation hovers near 40-year highs.

Musk has vowed not to move forward with the acquisition, leading to a legal battle with the social media giant.

Tesla's Elon Musk has often boasted about his plan to sell millions of affordable robots to mark a "future of abundance." Critics think that future is still far off.

ust two weeks before going to trial, Elon Musk has agreed to follow through with his $44 billion deal to buy Twitter. The billionaire entrepreneur had tried to call off the takeover just days after announcing it in April. Twitter shares soared as the news was confirmed.

The richest man in the world, Elon Musk, is buying Twitter for the equivalent of around €41 billion. That makes the deal one of the biggest in Wall Street history.