Gemini’s Cameron Winklevoss has accused DCG’s Barry Silbert of stalling on repaying a Genesis loan. Winklevoss said Genesis, the lending arm of DCG, owes $900 million to the crypto exchange’s clients. Silbert disputed the claims made by Winklevoss in a spat that could again dent faith in crypto, post-FTX. Loading Something is loading. Thanks for… Continue reading Gemini’s Cameron Winklevoss accuses Genesis boss of stalling on $900 million loan payments, in another hit to crypto credibility
Tesla falls short on deliveries, disappointing Wall Street again after shedding nearly $700 billion in market value last year
Tesla fell 4% ahead of Tuesday’s opening bell after it missed Wall Street’s delivery estimates. It logged just over 405,000 deliveries in the fourth quarter, falling short of analysts’ 430,000 forecast. The EV manufacturer’s share price plummeted 69% last year, erasing just under $700 billion in market capitalization. Loading Something is loading. Thanks for signing… Continue reading Tesla falls short on deliveries, disappointing Wall Street again after shedding nearly $700 billion in market value last year
Tesla reportedly elevates its China boss to head of US plants and sales, making him No. 2 after Elon Musk as $700 billion slump spooks investors
Tesla has made executive Tom Zhu head of US plants and sales, according to Reuters. That would make Zhu Tesla’s second highest-profile executive after Elon Musk. Some shareholders have called for Musk to quit as Tesla CEO after the company shed nearly $700 billion in market value last year. Loading Something is loading. Thanks for… Continue reading Tesla reportedly elevates its China boss to head of US plants and sales, making him No. 2 after Elon Musk as $700 billion slump spooks investors
‘Big Short’ investor Michael Burry predicts a US recession in 2023 and another inflation spike
Michael Burry said he expects the US to slump into recession in 2023 and inflation to spike again. The “Big Short” investor predicted inflation would decline overall in 2023 as the economy weakened. The Fed and US government would respond with stimulatory policy, causing inflation to jump again, he said. Loading Something is loading. Thanks… Continue reading ‘Big Short’ investor Michael Burry predicts a US recession in 2023 and another inflation spike
11 tax changes and new rules that will affect your finances in 2023
Jamie Golombek: Many important tax figures have been substantially increased for 2023 Published Dec 29, 2022 • Last updated 4 days ago • 5 minute read 65 Comments The Canada Revenue Agency headquarters’ Connaught Building in Ottawa. Photo by Sean Kilpatrick/The Canadian Press files Given the high inflation we experienced in 2022, many of the important… Continue reading 11 tax changes and new rules that will affect your finances in 2023
Kevin Carmichael: Tiff Macklem made some mistakes, but at least he’s not hiding from them
Bank of Canada governor has ensured no critique goes unanswered for long Published Dec 29, 2022 • Last updated 4 days ago • 5 minute read 13 Comments A sign for the Bank of Canada in Ottawa. Photo by Justin Tang/Bloomberg Not everyone is angry at Tiff Macklem. Advertisement 2 This advertisement has not loaded yet,… Continue reading Kevin Carmichael: Tiff Macklem made some mistakes, but at least he’s not hiding from them
‘I refuse to apologize for our success’: Behind Michael Medline’s fierce defence of profitable grocers
Grocers aren’t ripping you off, Medline says, as industry faces government probe into whether profits are driving inflation Empire chief executive Michael Medline at the company’s headquarters in October. Photo by Peter J. Thompson/National Post Michael Medline was adamant: The big grocers didn’t rip you off this year. Advertisement 2 This advertisement has not loaded… Continue reading ‘I refuse to apologize for our success’: Behind Michael Medline’s fierce defence of profitable grocers
Sam Bankman-Fried is expected to plead not guilty in the FTX fraud case – and prosecutors won’t be lenient
Sam Bankman-Fried is expected to enter a plea of not guilty in his fraud case on Tuesday. The disgraced FTX founder is accused of defrauding investors and is facing eight criminal charges. A former federal prosecutor weighs in on why Bankman-Fried won’t just get a slap on the wrist. Loading Something is loading. Thanks for… Continue reading Sam Bankman-Fried is expected to plead not guilty in the FTX fraud case – and prosecutors won’t be lenient
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