Mike Novogratz first went silent. And this lasted almost 10 days. And then he opened up and explained. He, like a large number of institutional investors and retail investors, watched the prices of the UST stablecoin and its sister token Luna tumble and then crash. From May 9 to May 13, at least $55 billion of…
Software shares have stumbled this year, in line with other technology stocks. The S&P Software & Services Select Industry Index has slid 31% so far in 2022. But hope isn’t lost, says Wells Fargo analyst Michael Turrin. “Rising rates, inflation, [the war in Ukraine], and tightening labor markets have contributed to increasing concerns around a…
Elon Musk navigates between running his multiple businesses and trying to save the planet. At least, he tries to draw attention to global issues which he considers urgent to tackle. For some time, the richest man in the world, with a net worth on paper estimated at $210 billion on May 18 by Bloomberg Billionaires…
When “Star Wars: Rise of the Resistance” opened at Disney World’s Hollywood Studios in December 2019 and at Disneyland in Anaheim, Calif., in January 2020, Disney implemented a virtual-queue system as an answer to anticipated massive crowds. The virtual-queue system was meant to reduce long queue lines and wait times and allow guests to enter the ride in a more…
Elon Musk has come out of the (political) closet. The Tesla (TSLA) – Get Tesla Inc Report CEO, who had gone several hours without saying something provocative, tweeted Wednesday afternoon what many had begun to suspect. After pointedly criticizing California as a “one party state” earlier this week, Musk said will no longer be supporting Democrats…
Elon Musk makes the news. He is everywhere. The chief executive officer of premium electric vehicle maker Tesla (TSLA) – Get Tesla Inc Report is somewhat reminiscent of former Republican President Donald Trump when the latter was in office. Like Trump, Twitter is Musk’s main communication channel. Like the real estate developer, the tech tycoon seems…
There were a lot of new narratives on Wall Street today, Jim Cramer told his Mad Money viewers, and that’s great news for the bulls. If the good news continues overnight, look for the rally to continue tomorrow. The first bit of good news came from China, where Covid cases are beginning to decline. This…
It looks like Elon Musk won’t be doing his dance routine in India. The Tesla (TSLA) – Get Tesla Inc Report CEO is known for busting a move whenever he attends the opening of a new factory, but he reportedly won’t be slipping on his boogie shoes in India anytime soon. ‘A Lot of Challenges’The electric…
Netflix (NFLX) – Get Netflix, Inc. Report has work to do. The streaming giant is having a brutal start to the year. The overall picture is dark. The entertainment-streaming company reported in April that in the first quarter it lost 200,000 global subscribers and expects to lose another 2 million in the current quarter ending in…
Jeff Bezos looks ready for a boxing match. Like a heavyweight boxer, he is ready to strike. It’s as if he was preparing for this match, any round of which can send him flying to the ground. Years after he avoided responding to attacks from politicians on all sides, the second richest man in the world…
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