Back in 2015 when Amazon (AMZN) – Get Amazon.com, Inc. Report launched a cool little event called Prime Day in hopes of dethroning the power of Black Friday, quite a few of us showed up to buy heavily discounted goodies (including a mind-boggling 24,000 Instant Pots). Now, it’s seven years later, and Amazon Prime Day is…
Apple (AAPL) – Get Apple Inc. Report who? The maker of the iPhone, a safe bet for many experts, seems to be living a nightmare like many tech companies. The Cupertino, Calif.-based firm must have the feeling that this horror dream is endless. For now, the consequences are immense. The stock has lost 20% to $142.77…
The cruise industry got hit by a perfect storm when the covid pandemic hit. For an industry vulnerable to storms in general, it was a terrible combination of events that left the industry shuttered, while hotels, theme parks, arenas, and other venues all remained closed for much less time. That’s because the United States government…
Elon Musk wants his rivals, and maybe his critics, to know that he has a powerful legal team at his disposal. The charismatic, enigmatic visionary who is currently in the midst of purchasing the Twitter (TWTR) – Get Twitter, Inc. Report, has taken to that social-media platform to lay out his legal-team plans. The move…
Perhaps Bianca, commenting on Twitter, summed it up best. “Gas prices are doing what I wish crypto was doing -.- going up!” she lamented. ‘The Seas of Fate’Yes, it has been a rough time for cryptocurrencies. Once considered a safe haven from the stock market, crypto and Wall Street now move in the same direction and…
The 41% drop by Tesla (TSLA) – Get Tesla Inc Report shares since April 4 has put a sizable dent in the wealth of Elon Musk, chief executive of the electric-vehicle titan. It also has hit holders of Cathie Wood’s flagship fund, Ark Innovation ETF (ARKK) – Get ARK Innovation ETF Report. Wood is the hotshot…
Updated at 11:08 am EST Tesla (TSLA) – Get Tesla Inc Report shares slumped to a fresh 2022 low Friday as CEO Elon Musk promised that the clean-energy carmaker’s fortunes were on his mind ’24/7′ as lurid headlines continue to dog the world’s richest man. Musk said he was only spending around 5% of his time…
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…
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