It’s is looking more and more that Elon Musk is having “Buyer’s Remorse” about his impulsive bid to take TWTR private and remake the platform into his own media outlook. As we have suggested in the past, he is now looking for some legal arguments to try to cancel the deal without paying the $1…… Continue reading Is Elon Musk Having “Buyer’s Remorse?”
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What’s Causing Inflation?
What is inflation and what is causing it? Inflation is a measure of the rate of rising prices of goods and services, in an economy. It occurs when there are increases in raw materials, production costs, and wages. Inflation also occurs when there is easy money chasing a limited supply of products, and supply side…… Continue reading What’s Causing Inflation?
Is Apple stock stalling out?
Apple Stock AAPL ($147) has been one of the best investments over the past 8 years. It is the major holding of Warren Buffet’s Berkshire Hathaway (BRK.A) and has produced billions of dollars of profits to his portfolio. So, it is of some interest that I saw a report, the other day, that Michael Burry,…… Continue reading Is Apple stock stalling out?
Musk to cut TSLA staff by 10%!
A day after issuing his extraordinary demand that all TSLA employees must be in the office at least 40 hours per week, or be fired, Elon Musk announces an immediate “hiring freeze” and a 10% reduction in staff. That is, almost 10,000 employees are going to be terminated soon. Although I am not a fan…… Continue reading Musk to cut TSLA staff by 10%!
AAPL & TSLA Warning Signs?
Two of the stock market’s major leaders, Apple (AAPL) and Tesla (TSLA) are close to flashing major technical SELL signals, when their 50 day Moving Average crosses below the 200 day moving average. The so-called “death cross.” Of course, like all technical indicators, the “death cross” and it’s opposite technical indicator, the “golden cross” are…… Continue reading AAPL & TSLA Warning Signs?
The Week Ahead
Dow Jones and S&P Indexes look lower at Tuesday’s opening after a long Memorial Day weekend. Oil prices, and Interest Rates, to Jump as European countries agree to limit Russian Oil imports. China’s manufacturing index showed a slower decline in May as their Central Bank announced a slew of economic incentives to revive their slowing…… Continue reading The Week Ahead
Turning Point?
After seven weeks of declining markets, growth investors finally got a ray of sunshine, as the week closed on a upbeat outlook. Although Fed chairman Powell reiterated that this time they are really serious with tackling inflation and will make at least two half point interest rate increases in June and July, investors assumed it…… Continue reading Turning Point?
U.K. Windfall Profits Tax
The British Government said it would use a windfall profits tax on oil and gas companies to help raise funds for direct payments to households, to ease the country’s inflation driven, cost-of-living crisis. Energy companies had benefitted from the surge of commodity prices, in part driven by the war in Ukraine, and disruptions to supply…… Continue reading U.K. Windfall Profits Tax
China calls Emergency Meeting
100,000 Chinese officials attend an emergency video meeting to discuss ways to revive their Covid-hit economy. According to a report in the government controlled Global Times, officials across the country attended this tele-conference to discuss measures to deal with the “complex and grave” economic situation, as outlined by Premier Li Keqiang. He urged authorities to…… Continue reading China calls Emergency Meeting
SNAP Stock Leads Market Down
Shares of SNAP ($22) fell sharply Tuesday after slashing forward looking earnings outlook, citing deteriorating microeconomic climate. Selling spilled over to related stocks, like FB, ROKY and TTD which also depend on online advertising revenue. These concerns could also hurt TWTR ($36) the object of Elon Musk’s leveraged takeover bid at $54.20/share. With the stock…… Continue reading SNAP Stock Leads Market Down