The cryptocurrency market needs a break. After days of continuous tumble, the prices of digital currencies seem to want to take a break, even catch their breath. The Federal Reserve gave investors some respite by raising its rates very sharply on June 15, the biggest increase in 28 years. The central bank raised its key…
Tesla’s (TSLA) – Get Tesla Inc. Report popular Model Y SUV has been a successful seller for the leading electric vehicle maker, as the vehicle along with the Model 3, have represented 95% of the company’s production and deliveries in the first quarter The Model Y SUV is so popular that days after it introduced the…
Bill Gates has never hidden that he was not a fan of Bitcoin and cryptocurrencies. The co-founder of software giant Microsoft (MSFT) – Get Microsoft Corporation Report has just reiterated his aversion to the crypto industry as the digital currency market is in disarray. Bitcoin, the king of cryptocurrencies, is now evolving at its lowest levels…
Here are five things you must know for Wednesday, June 15: 1. — Stock Futures Higher As Fed Rate Bets Accelerate U.S. equity future moved higher Wednesday, following on from a session which consolidated a bear market for the S&P 500, as investors looked to perhaps the most important Federal Reserve rate decision in more than…
Billionaire Michael Saylor and his company MicroStrategy (MSTR) – Get MicroStrategy Incorporated Report are at the center of attention with the fall of Bitcoin. Saylor is one of the most famous Bitcoin evangelists. He praises the merits of the king of the cryptocurrencies almost daily on his Twitter account followed by more than 2.5 million people. …
Electric Last Mile Solutions (ELMS) on Dec. 11 2020, announced it was going to list on the Nasdaq through a merger with a special purpose acquisition company. “The demand for cost effective solutions to support the e-commerce ecosystem is overwhelming,” James Taylor, the commercial electric vehicle maker’s then-CEO, said at the time. “This industry promises rewards…
Before AT&T formally sold-off Warner Bros. to Discovery Media (DISCA) – Get Warner Bros Discovery Inc Com Ser A Report, John Oliver took great delight in mocking HBO’s parent company, frequently calling them “business daddy” and skewering the company’s reputation for poor cellular service (amongst other common complaints). In the most recent episode of his…
Elon Musk loves lighting fires. The CEO of Tesla (TSLA) – Get Tesla Inc. Report thus uses his Twitter account, which has nearly 98 million followers, to express himself both on urgent matters and on hot societal issues. For several months now, the billionaire entrepreneur has taken a stand on almost all the debates dividing the…
With the United States government dropping mandatory covid tests for international travelers, the cruise industry remains the only travel business that still requires testing. The decision by the Centers for Disease Control, which takes effect June 12 allows people to fly to the U.S. without taking any sort of covid test, which should lead to…
It started with March Madness and continued through the National Football League (NFL) Draft leading into what looks like a potentially record-setting summer. Las Vegas turned the corner on the covid pandemic and saw visitors flock to the Las Vegas Strip hotels operated by Caesars Entertainment (CZR) – Get Caesars Entertainment Inc. Report, Carnival Cruise…
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