Twitter Inc. (NYSE: TWTR) can unlock its full potential if it opens up its algorithmic feed to third-party developers, to allow users to opt for a mix of specially made features, Cathie Wood-led Ark Investment Management analysts said on Monday. What Happened Twitter’s full potential is waiting at the gate, analysts Sam Korus and Frank Downing wrote in a note. “We believe if third…
Twitter Can Unlock ‘Full Potential’ If It Opens up Algorithm to 3rd-Party Developers, Say Ark Analysts
Former Tesla Engineer Aims to Build Next Generation Electric Battery Material Plant in the US by 2024
Sila Nanotechnologies, a battery startup founded in 2011 by a former Tesla engineer, announced on May 3 plans for a new plant based in the United States that will mass-produce material for low-cost next-generation batteries with a longer range and is not dependent on manufacturing in China. “In a commitment to ensure America retains global leadership…
Australian Green Billionaire Confronts Energy Giant Over Demerger Plan
Australian tech billionaire and climate activist Mike Cannon-Brookes has clashed with AGL Energy’s board over its demerger plans after becoming the company’s largest shareholder. This clash comes just short of two months after Cannon-Brookes failed to take over Australia’s largest electricity generator in March to speed up the company’s decarbonisation process. The co-founder of the…
Bitcoiners Criticize House Democrats’ Letter to EPA
May 3, 2022
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Jack Dorsey, Anthony Scaramucci, Michael Saylor, and other high-profile Bitcoiners have cosigned a letter to the Environmental Protection Agency (EPA) challenging House Democrats’ claims that their cryptocurrency threatens the environment. Peter St Onge, an economist with the Heritage Foundation, voiced agreement with the letter in an interview with The Epoch Times. “Bitcoin is orders of…
Hot Housing Market Sees Double-Digit Price Growth in 70 Percent of Metro Areas
Home prices rose by double digits in a record number of markets in the first quarter of 2022 even as mortgage rates rose and home sales declined, according to the National Association of Realtors (NAR). In the first quarter of 2022, 70 percent of 185 measured metros saw double-digit annual price gains, which is up…
Global Bond Market Decimated, Future Performance ‘Policy Dependent’
May 3, 2022
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Since hitting their peaks last year, stocks and bonds have been hemorrhaging amid soaring inflation, rising interest rates, and war in Eastern Europe. The leading U.S. benchmark indexes are deep in the red year-to-date. The Dow Jones Industrial Average has slumped about 9 percent, the Nasdaq Composite Index has plunged 20 percent, and the S&P…
Job Openings and Quits Hit Record Highs as Hiring Woes Continue
May 3, 2022
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A record number of American workers quit their jobs as of the last business day in March while the number of job openings rose to an all-time high, pointing to a tight labor market as businesses struggled to hire enough workers to meet demand. The Labor Department said in its monthly Job Openings and Labor Turnover…
Producer Prices Surge to Record High in Euro Area as Stagflation Risk Rises
Producer price inflation in the eurozone surged to a record high in the year through March, the European Union’s statistical agency reported, delivering a fresh sign that inflationary pressures continue to bedevil economies around the world and reinforcing concerns about stagflation. The European Union’s statistics office Eurostat said in a May 3 statement (pdf) that the euro…
You Ask, We Analyze: Why Shopify Looks Set for a Bounce Heading Into Q1 Earnings
On Sunday evening, Benzinga asked its followers on Twitter what they’re buying at the open on Monday. From the replies Benzinga selected one ticker for technical analysis. @EGT_AlAli, and @carlousa14 are buying Shopify Inc. Shopify is set to print its first-quarter earnings before the market open on Thursday. When the Ottawa-based e-commerce company reported its…
Big US Pension Fund Raised Stake in Tesla and This Automaker in Q1
The State Teachers Retirement System of Ohio, or STRS Ohio, one of the largest U.S. public pensions fund, raised its exposure to Tesla Inc. and Ford Motor Co. in the first quarter while trimming its stake in General Motors Co., latest regulatory filings show. Raising Tesla Exposure STRS Ohio raised its stake in the Elon Musk-led Tesla by about 10 percent in the three months ended March…
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