Tesla CEO Elon Musk sold an additional $3.6 billion shares in this — a move that sparked a big response from investors and analysts alike. “We’re getting frustrated here,” said and Tesla investor Danny Moses, best known for his portrayal in “The Big Short.” Tesla’s stock hit a two-year low this week and has lost… Continue reading Elon Musk is fueling the Twitter fire and using Tesla as his personal ATM, experts say. Here are 5 criticisms of the CEO from the past week alone
US inflation is history, unemployment may spike, and stocks could surge 15% next year, Jeremy Siegel says. Here are the Wharton professor’s 12 best quotes from this week.
The inflation threat has passed but unemployment is set to jump, Jeremy Siegel said. The US economy can still avoid a recession with the Fed’s help, the Wharton professor argued. Siegel suggested the stock market has bottomed already and could jump 15% next year. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading US inflation is history, unemployment may spike, and stocks could surge 15% next year, Jeremy Siegel says. Here are the Wharton professor’s 12 best quotes from this week.
FTX users say they take little comfort in Sam Bankman-Fried’s arrest – and still don’t have much hope they’ll get their money back
SBF’s arrest isn’t reassuring users who are worried about getting their money out of the failed exchange. “It really wouldn’t change my life or anyone’s life if he goes to jail,” one user said. An attorney said he believes it is likely that Sam Bankman-Fried will end up going to jail. Loading Something is loading.… Continue reading FTX users say they take little comfort in Sam Bankman-Fried’s arrest – and still don’t have much hope they’ll get their money back
Citi’s global commodities chief explains his oil price forecast for 2023 as sanctions choke Russia – and breaks down the ‘stunning’ state of America’s oil industry
In an interview with Insider, Citi’s Ed Morse said he expects Brent crude to finish 2023 around $76 a barrel. Next year, energy markets will see both a supply uptick and an easing of global demand, Morse said. He explained how the roles of Russia and the US have shifted on the world stage. Loading… Continue reading Citi’s global commodities chief explains his oil price forecast for 2023 as sanctions choke Russia – and breaks down the ‘stunning’ state of America’s oil industry
The FTX implosion wasn’t crypto’s darkest hour of the year – these 2 crises were even more disastrous for digital assets
FTX’s bankruptcy wiped out $9 billion worth of crypto investments, according to Chainalysis. But that figure is dwarfed by the losses caused by two other crises that rocked digital assets in 2022. The Terra Luna crash and the collapse of Celsius and Three Arrows Capital caused more damage, Chainalysis said. Loading Something is loading. Thanks… Continue reading The FTX implosion wasn’t crypto’s darkest hour of the year – these 2 crises were even more disastrous for digital assets
Elon Musk has sold nearly $40 billion of Tesla stock in under 14 months. That figure dwarfs the automaker’s profits and rivals its underlying value.
Elon Musk has disposed of almost $40 billion of Tesla stock in under 14 months. That figure vastly exceeds Tesla’s $9 billion of net income in the nine months to September. Musk appears to have sold Tesla shares to cover tax bills, buy Twitter, and service debts. Loading Something is loading. Thanks for signing up!… Continue reading Elon Musk has sold nearly $40 billion of Tesla stock in under 14 months. That figure dwarfs the automaker’s profits and rivals its underlying value.
Putin’s vow to cut off Russian oil for G7 price-cap buyers is cracking, going by these 7 India-bound cargoes
Russia is shipping millions of barrels of oil to India on Western-insured tankers, the FT reported Friday. It’s the first sign Moscow may be breaking Putin’s vow to shun countries that accept a G7 price cap. The cap has already sent its oil exports nosediving, and looks set to hit Russia’s economy. Loading Something is… Continue reading Putin’s vow to cut off Russian oil for G7 price-cap buyers is cracking, going by these 7 India-bound cargoes
Donald Trump’s launch of $99 NFTs sparks 10% decline in Digital World SPAC linked to Truth Social
Digital World Acquisition fell 10% on Thursday after Donald Trump launched a line of $99 NFTs.Trump has teased a “major announcement” on Wednesday that led to a spike in Digital World’s stock price.Those gains were erased on Thursday as SPAC investors digested Trump’s NFT announcement. Loading Something is loading. Thanks for signing up! Access your… Continue reading Donald Trump’s launch of $99 NFTs sparks 10% decline in Digital World SPAC linked to Truth Social
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