PayPal’s crypto offering could be facing its last days if activist hedge fund Elliott Management has its say. The hedge fund recently took a stake in the beleaguered payments behemoth, according to the Wall Street Journal. The amount of the stake and what Elliott paid was not disclosed. Elliott could encourage PayPal to eliminate its crypto offering…
Apple (AAPL) – Get Apple Inc. Report held its rank. The world’s most valuable company just gave investors, worried about the coming recession, what they wanted to hear: the economy is slowing, but not catastrophically. The giant of Cupertino in California has indeed announced quarterly results above analysts’ expectations. Apple earned more than $19.44 billion for…
Elon Musk uses his influence to sway public opinion and does not hide it. The billionaire and CEO of Tesla (TSLA) – Get Tesla Inc. Report regularly shares with his more than 102 million followers on Twitter his positions, his emotions and his anger. Sometimes when he’s down, those millions of die-hard fans and admirers ask…
Elon Musk periodically faces choices and makes them. Perhaps the knottiest one is whether and when to focus on his positions as Tesla’s (TSLA) – Get Tesla Inc. Report CEO and as a celebrity. The man has more than 102 million followers on Twitter, and many of those millions stand ready to defend him at all…
Elon Musk has become the world’s most influential chief executive, and with that position have come in-depth surveillance and scrutiny of his private life as well as his professional activities. Imagine a double-page spread from a newspaper. On the left are articles about the businesses Musk leads: Tesla (TSLA) – Get Tesla Inc. Report, SpaceX, Boring Co.…
Cryptocurrency prices were lower on July 25, while a congressional committee looks to advance a bill on stablecoins and a major bank bought a stake in a crypto custodian firm. Bitcoin, the most popular cryptocurrency, was down 2.7% to $21,923.67 at last check, according to CoinGecko, while ether slipped 3.5% to $1,525.14, and dogecoin dropped…
The crypto industry is currently going through a crisis that has already crushed some major players like hedge fund Three Arrows Capital and lenders Celsius Network and Voyager Digital. After losing over $2 trillion in less than nine months, the cryptocurrency market has more or less stabilized over the past few days. But it was…
The pandemic made for some rough waters for the cruise industry to navigate with closures and limits on who can embark the ships. The Centers for Disease Control (CDC) had some pretty tough restrictions on cruise lines, considering they are complete little worlds on the water, including their own medical centers aboard. Cruise lines were…
Autumn promises to be busy for Elon Musk. The visionary boss of Tesla (TSLA) – Get Tesla Inc. Report will be active on all fronts with huge stakes each time. From the end of September, Musk will be doing everything not to disappoint fans of the electric vehicle manufacturer during the second edition of Tesla AI…
As the cruise industry has made its way back from its covid-related March 2020 through July 2021 closure, a lot of people have put off cruising until it returned to “normal.” That’s a relative word, however, as your normal and my normal may not be the same. Some people waited to cruise until masks were…
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