Now that Elon Musk has sealed the deal to purchase Twitter for $44 billion, there is new speculation that China could possess leverage over the billionaire CEO of Tesla Motors. New York Times reporter Mike Forsythe ignited a tidal wave of speculation, posting a tweet that China could influence Musk now that he is poised to become…
China’s Influence Over Musk? As Likely As ‘Loch Ness Monster Visiting Times Square’
China’s Influence Over Musk? As Likely as ‘Loch Ness Monster Visiting Times Square’: Venture Capitalist
Now that Elon Musk has sealed the deal to purchase Twitter for $44 billion, there is new speculation that China could possess leverage over the billionaire CEO of Tesla Motors. New York Times reporter Mike Forsythe ignited a tidal wave of speculation, posting a tweet that China could influence Musk now that he is poised to become…
Dollar Borrowing Costs Rise as Euro, Yen Fall
Borrowing costs for U.S. dollars in currency derivatives markets rose sharply on Thursday after the dollar surged to within striking distance of its highest levels in two decades. The dollar rose past the psychological level of 130 yen on Thursday for the first time since 2002, after the Bank of Japan (BOJ) doubled-down on its…
UK Delays Post-Brexit Checks on EU Import for 4th Time to Avoid Disruptions
The UK government has once again delayed the introduction of post-Brexit border checks on imports from the European Union, citing risks of disruption at a time of rising costs of living. The government has dropped plans to restrict imports of chilled meats from the EU and to impose further checks on plant and animal products,…
Fort Worth, Texas, Becomes First American City to Mine Bitcoin
April 28, 2022
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bitcoin miningBusiness & EconomycryptocurrenciescryptocurrencyFort WorthLocal NewsMarketsRegional-Local NewsTexasUS
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The city of Fort Worth, Texas, has become the first city government in the United States to mine bitcoin, advancing its goal of becoming a leading center of tech and innovation, city authorities announced on April 26. The bitcoin mining pilot program was launched by the Office of Fort Worth Mayor Mattie Parker and the…
Meta’s Facebook Reality Labs Loses Nearly $3 Billion in Q1
Facebook parent company Meta Platforms Inc. posted nearly $3 billion in losses in the first three months of 2022 for its Metaverse-focused Reality Labs division. According to an earnings report (pdf) published on April 27, the company’s Facebook Reality Labs (FRL) division, which houses its augmented and virtual reality operations, had $695 million in revenue in the first quarter, driven by…
Timing of the Next US Recession
Commentary The most threatening thing for the market and economy is no doubt the upcoming rate hike. A rate hike per se is not something scary, but a series of actions can ultimately lead to recession. True, the yield curve is still steep based on the most predictive tenors 30-year or 10-year minus 3-month. Yet…
CNN+ Streaming Service Shutting Down Earlier Than Announced
CNN’s streaming service CNN+ will shut down on Thursday, two days earlier than previously announced, according to a recent update of a CNN+ support page. Earlier this month, amid reports of dismal subscriber numbers, the company said the streaming service would shutter on Saturday, April 30. It’s not clear why CNN+ is shutting down Thursday. “CNN+…
Elon Musk Says Twitter Must Be ‘Neutral,’ Says Leftists Are ‘Primarily’ Attacking Him
April 28, 2022
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Big Tech, Censorship, and SocialismBusiness & Economycancel cultureCompaniesElon MuskFeatured TopicsSocial MediaTechTwitterUSUS News
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Billionaire entrepreneur Elon Musk said that Twitter must remain “politically neutral” after it was announced this week that he came to a deal to purchase the social media platform. “For Twitter to deserve public trust it must be politically neutral, which effectively means upsetting the far right and the far left equally,” Musk wrote on…
CEOs of Meatpacking Giants Deny Price-Fixing Amid Soaring Food Prices
Congressional lawmakers questioned the chief executives of some of the biggest beef producers across the United States during a House hearing on Wednesday amid allegations that they engaged in unfair practices that drove down prices for cattle producers and increased the cost of meat for consumers. The CEOs of the four multinational corporations—National Beef Packing Company, JBS USA, Cargill,…
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