ServiceNow sinks after CEO warns global tech firms won’t be able to outrun strong dollar

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The strong U.S. dollar is a drag against technology brands in an environment already battered by fierce macro headwinds, ServiceNow CEO Bill McDermott told CNBC’s Jim Cramer.

“You’re at 41-year high inflation. The dollar right now is the highest it’s been in over two decades. We have interest rates rising. People worried about security. You’ve got a war in Europe. So, the mood is not great,” McDermott said in an interview that aired on “Mad Money” after the closing bell on Monday.

“You’re going to see the headwind of the dollar right now against well-known technology brands,” the CEO added.

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Elon Musk misconduct allegation from flight attendant accuser won’t stop Twitter deal, experts say

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A report that tech billionaire Elon Musk paid a private settlement following claims of sexual misconduct from a flight attendant who worked on a private jet in 2016 is unlikely to affect Musk’s deal to buy Twitter, experts in corporate acquisitions said Friday, after Musk’s critics called for him to face consequences. 

The news website Insider reported Thursday that SpaceX had paid a flight attendant $250,000 in severance after she claimed Musk sexually harassed her while she was working. The website, citing documents it says it obtained from a friend of the flight attendant, reported that the payout was contingent

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