Billionaire tech mogul Elon Musk said that the deal to buy Twitter is “temporarily on hold” until detailed information comes to light that backs Twitter’s claim that bots or fake accounts make up fewer than 5 percent of users on the platform. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do…
Musk Says Twitter Deal on Hold Over Spam Bots
May 13, 2022
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Business & EconomyCompanieseconomic policieseconomyElon MuskInvestmentMarketsMedia & Big TechSocial Mediaspam botsTechTwitter deal
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Chinese Giant Attempts to Muscle in on Australian Miner’s Lithium Project
May 12, 2022
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AfricaAsia & PacificAustraliaAVZ MineralsBusiness & EconomyChinaChina Business & EconomyChina-Australia Relationscritical mineralsDemocratic Republic of CongoInternationalInternational RelationsInvestmentrare earthWorldZijin Mining
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Australian company, AVZ Minerals, is locked in a legal battle with one of China’s largest miners, Zijin Mining, over an ownership stake that could determine control of one of the world’s largest lithium deposits located in the Democratic Republic of Congo. This is not the first challenge Australian miners have faced from competing Chinese interests…
Spiraling Home Costs and Mounting Interest Rates Could Slam the Door on First-Time Buyers
A recent survey from the Federal Reserve Bank of New York indicates U.S. households expect home prices to continue to rise at a faster rate over the next year and that the value of their homes will appreciate at a slower rate over the next five years. In addition, the survey shows that most Americans also…
Beyond Meat Shares Tumble on Disappointing Q1 Results, Barclays Downgrades Price Target
Barclays on Thursday cut the price target for shares of plant-based meat company Beyond Meat by nearly 70 percent following the company’s disappointing sales revenues in the first quarter. Barclays analyst Benjamin Theurer downgraded shares to equal weight from overweight, with a $25.00 per share price target, down from $80.00. “Given limited short-term visibility, mounting cost pressure,…
Wholesale Price Inflation Stays Close to Record High, Suggesting More Inflationary Pain for Households
May 12, 2022
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Business & Economyeconomic policieseconomyinflationInvestmentMarketspersonal financeproducer pricesUncategorizedUSUS NewsWorld
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Wholesale prices in the United States eased in April but remained close to their record high hit in March, suggesting little near-term inflationary respite for American households as higher producer prices tend to get passed along to end consumers. The Producer Price Index (PPI), which tracks inflation before it hits consumers, rose by an annual…
Why Q1 Earnings Season Has Been ‘Death By Paper Cuts’
The SPDR S&P 500 ETF Trust (NYSE:SPY) recently hit its lowest level of 2022 this week despite overall first-quarter earnings numbers that are relatively solid. Unfortunately, Bank of America analyst Savita Subramanian said overall S&P 500 earnings numbers for the first quarter aren’t as strong as they may seem at first glance, and the index…
Here’s What Warren Buffett Thinks About Tesla And Elon Musk
Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren Buffett is one of the most successful and well-respected investors of all time, and Tesla, Inc. (NASDAQ:TSLA) is one of the most controversial investments on Wall Street these days. So when Buffett sat down with Yahoo Finance for an interview in 2020, it’s only natural that editor-in-chief…
Musk Says EU Law on Illegal Content and Tech Firm Transparency ‘Exactly Aligned’ With His Thinking
May 10, 2022
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Business & EconomyCompaniesDigital Services Acteconomic policieseconomyElon MuskEuropeillegal contentInternationalInvestmentMarketsWorld
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Billionaire tech mogul Elon Musk, who is looking to finalize a deal to buy Twitter, said he agrees with the contours of a new European Union law meant to police illegal content, boost social media platform transparency, and enhance competitiveness to allow for more innovation and consumer choice. Musk met with E.U. industry chief Thierry…
Andy Warhol’s Marilyn Monroe Pop Art Sells for $195 Million, Setting New Record
May 10, 2022
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Andy WarholBusiness & EconomyInvestmentLocal NewsMarilyn MonroeNew YorkNY NewsRegional-Local NewsUSUS News
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Andy Warhol’s 1964 pop art portrait of Hollywood actress Marilyn Monroe sold for $195 million on Monday night for nearly $200 million. The iconic artwork, which is signed and dated by Warhol, sold at Christie’s in New York for approximately $195,040,000, making it the most expensive piece of 20th century American artwork ever to be sold at auction…
Large Corporations Attempt to ‘Usurp the Power of Government’ Contrary to Shareholders’ Interests: Expert
May 8, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesdisneyeconomic policieseconomyFeatured TopicsFloridaInvestmentMarketsMedia & Big TechParental Rights in Educatoin Billstakeholder capitalismUSUS Featureswoke capital
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Disney’s active opposition to Florida’s Parental Rights in Education law resulted in the company’s stock pricing falling and a reduction in its market cap. The stock’s decline will mostly impact the retirement savings of the working class, said Stephen Soukup, author of the book “The Dictatorship of Woke Capital: How Political Correctness Captured Big Business.”…
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