Tag: Investment

Elon Musk Rebuffs Bill Gates’s Climate ‘Philanthropy’ Request in Scathing Text

Elon Musk has said he confronted fellow billionaire Bill Gates over the Microsoft founder’s supposed holding of roughly $500 million in Tesla shorts in a series of testy text messages in which Musk rebuffed Gates’s request to discuss climate change philanthropy. In an April 22 Twitter post, Musk confirmed the veracity of a text message…


Elon Musk Rebuffs Bill Gates’ Climate ‘Philanthropy’ Request in Scathing Text

Elon Musk said he had confronted fellow billionaire Bill Gates over the Microsoft founder’s supposed holding of some $500 million in Tesla shorts in a series of testy text messages in which Musk rebuffed Gates’ request to discuss climate change philanthropy. In an April 22 tweet, Musk confirmed the veracity of a text message exchange…


Russia-Ukraine War Accelerates Collapse of China’s Belt and Road Global Strategy

Over the past ten years, China’s Communist Party (CCP) has strategically relied on its $4 trillion Belt and Road Initiative (BRI) to boost its image and influence with at least 149 countries to date. But success has eluded its efforts, and the BRI strategy may be doomed as a result. Consider for example the CCP’s…


Disney Has Lost $34 Billion in Value Since Embarking on Culture War With Florida

Disney’s market cap has shrunk by nearly $34 billion since the company expressed its full-throated opposition to a Florida law banning instruction of gender identity and sexual orientation in public schools for kindergarten through third grade. Florida lawmakers in March passed HB 1557, dubbed by opponents as the “Don’t Say Gay” bill, which was signed…


Rising Mortgage Rates Prompt Downward Revision to Home Price Forecasts

A sharp run-up in mortgage rates has prompted speculation about possible cooling in house prices in the red-hot U.S. market, with real estate research firm Zillow lowering its home price forecast for 2023 by 1.6 percentage points. Home prices have been on a tear amid broader inflationary pressures in the U.S. economy, with the most…


Global Shares, Wall Street Futures Drop on Fed’s Hawkish Inflation Talk

World stocks fell and bond yields edged up on Friday as investors digested hawkish remarks by Federal Reserve Chair Jerome Powell that faster rate hikes are needed to tame surging inflation. With inflation in the United States running well above the Fed’s 2 percent target, Powell said on Thursday that a half-point interest rate hike would be…


Why Has Elon Musk Blamed Netflix Slump on ‘Woke Mind Virus’?

Tesla and SpaceX CEO and prospective Twitter owner Elon Musk has addressed the recent slump in Netflix’s stock, apparently blaming the decline on the proliferation of “woke” content on the platform. “The woke mind virus is making Netflix unwatchable,” Musk posted on Twitter Tuesday in reply to a report that Netflix shares had cratered in…


‘Do You Like Minting Money?’: Musk Advises Entrepreneurs to Step Into Lithium Industry

Tesla Inc. chief executive officer Elon Musk has advised entrepreneurs to get into the lithium business as he seeks to expand the fast-growing industry that is crucial for products such as electric vehicles (EV). “We think we’re going to need to help the industry on this front,” Musk said on an earnings call on Wednesday. “I…


Chip Shortage Leads Major Firm to Scavenge Semiconductors from Old Washing Machines

The global semiconductor shortage has led a major industrial conglomerate to resort to buying up old washing machines and removing chips from inside for use in their own products, according to the head of a supplier of key technologies to chipmakers. Peter Wennink, the CEO of ASML, a company that dominates the global market for…


Total Solar Eclipse Event in Western Australia Draws Major Investment

Western Australia (WA) will be the prime location in the world to view a total solar eclipse (TSE) due to take place a year from now, so the state government is investing $19.3 million to organise an event surrounding the rare occurrence. WA is expected to see a major increase in international and domestic visitors…