Monty Rakusen/DigitalVision via Getty Images Since my previous coverage on the State Street SPDR S&P Kensho New Economies Composite ETF ( KOMP ), the fund delivered a solid 12% total return. The article was built around the thesis that the KOMP
Monty Rakusen/DigitalVision via Getty Images Since my previous coverage on the State Street SPDR S&P Kensho New Economies Composite ETF ( KOMP ), the fund delivered a solid 12% total return. The article was built around the thesis that the KOMP
Ark Invest founder Cathie Wood on Thursday expressed strong optimism about the upcoming SpaceX ( SPACE ) initial public offering and Tesla’s ( TSLA ) position in the autonomous vehicle market. In a wide-ranging interview with Bloomberg, Wood characterized investor appetite for SpaceX (
Ark Invest founder Cathie Wood on Thursday expressed strong optimism about the upcoming SpaceX ( SPACE ) initial public offering and Tesla’s ( TSLA ) position in the autonomous vehicle market. In a wide-ranging interview with Bloomberg, Wood characterized investor appetite for SpaceX (
Shivon Zilis was an under-the-radar executive at Elon Musk’s companies and an OpenAI board member back in 2022. But she was hiding a major secret – Musk was the father of her twins born the year before.
Shivon Zilis was an under-the-radar executive at Elon Musk’s companies and an OpenAI board member back in 2022. But she was hiding a major secret – Musk was the father of her twins born the year before.
Hiroshi Watanabe/DigitalVision via Getty Images Summary We are committed to evolving with changing market conditions while remaining grounded in our core principles. Those core principles of concentration, quality, and growth remain unchanged, but we believe our execution can and should improve.
Hiroshi Watanabe/DigitalVision via Getty Images Summary We are committed to evolving with changing market conditions while remaining grounded in our core principles. Those core principles of concentration, quality, and growth remain unchanged, but we believe our execution can and should improve.
A securities filing shows executive vice president and chief legal officer April Miller Boise sold 40,256 shares on Fri., May 1. Following the transaction, the executive owned 105,077 company shares, including 561 acquired through an employee stock purchase plan back in February. Miller Boise last sold Intel stock on Jan. 31, when she offloaded 20,000 shares.
A securities filing shows executive vice president and chief legal officer April Miller Boise sold 40,256 shares on Fri., May 1. Following the transaction, the executive owned 105,077 company shares, including 561 acquired through an employee stock purchase plan back in February. Miller Boise last sold Intel stock on Jan. 31, when she offloaded 20,000 shares.
French prosecutors are seeking charges against Elon Musk and his social platform X for child sexual abuse images on the platform, deepfakes, disinformation and complicity in denying crimes against humanity by the platform’s artificial intelligence system, Grok. The Paris public prosecutor’s office said on Wednesday it has opened an investigation into X on charges including complicity in possessing...
French prosecutors are seeking charges against Elon Musk and his social platform X for child sexual abuse images on the platform, deepfakes, disinformation and complicity in denying crimes against humanity by the platform’s artificial intelligence system, Grok. The Paris public prosecutor’s office said on Wednesday it has opened an investigation into X on charges including complicity in possessing and distributing child sexual abuse images, unlawfully collecting personal data and without...
On paper, GameStop Corp. ’s head-turning $56 billion bid for eBay Inc. offers a potential fat profit for investors willing to wager on the unconventional deal. In practice, merger specialists aren’t buying it. The gambit, conceived by the gaming retailer’s billionaire chief executive Ryan Cohen and unveiled on Monday, involves an unsolicited bid for a target four times the size of his own company ...
On paper, GameStop Corp. ’s head-turning $56 billion bid for eBay Inc. offers a potential fat profit for investors willing to wager on the unconventional deal. In practice, merger specialists aren’t buying it. The gambit, conceived by the gaming retailer’s billionaire chief executive Ryan Cohen and unveiled on Monday, involves an unsolicited bid for a target four times the size of his own company at $125 per share in cash and stock. That represented a 20% premium to Friday’s close. Instead of piling into the shares to lock in the differential, though, investors have largely stayed away. As of Thursday, with eBay’s shares at about $107, the gap between GameStop’s proposed offer and eBay’s trading price stood at around $18. That spread, in fact, has widened since the proposal was announced, hardly a vote of confidence. While so-called arbitrageurs would typically jump at the chance to bet on a mega-merger, they see enough red flags in this case to steer clear. Most importantly, details on the deal’s structure remain scarce, which makes it hard to position a trade and calculate odds. It also has some market watchers wondering about a possible ulterior motive behind Cohen’s bid. Beyond a loose assurance from TD Bank to provide $20 billion of debt financing, about $9 billion in cash on hand and a 5% interest in eBay, GameStop still faces a tall task in piecing together the equity piece. And that financing pledge is far from guaranteed . Read More: TD’s eBay Financing Assumes GameStop Wins Longshot Credit Rating Assuming the cash portion is secured, GameStop would still be expected to issue a massive amount of new stock, potentially over one billion shares. This would triple its current share count, according to a back-of-the-envelope calculation. The scale of the issuance is so large it might even exceed the company’s currently authorized share limit. ‘Difficult Task’ Taken together, the lack of definitive terms, the yawning funding gap, and a huge share dilution pressur...
Spokesperson for Welsh singer shared further update on her health after she was rushed to hospital in Faro, Portugal Bonnie Tyler has been placed into an induced coma to aid her recovery after emergency intestinal surgery, a spokesperson for the singer has said. It was revealed on Wednesday that the 74-year-old had been rushed to a hospital near her home in Faro, Portugal, for the procedure, and w...
Spokesperson for Welsh singer shared further update on her health after she was rushed to hospital in Faro, Portugal Bonnie Tyler has been placed into an induced coma to aid her recovery after emergency intestinal surgery, a spokesperson for the singer has said. It was revealed on Wednesday that the 74-year-old had been rushed to a hospital near her home in Faro, Portugal, for the procedure, and was recuperating. Continue reading...
Elon Musk's plans to get into the AI chip manufacturing business are going to be costly. As the New York Times and CNBC report, SpaceX is planning to invest at least $55 billion into its "Terafab" chip plant in Austin, Texas. That's according to the details of a public hearing notice filed in Grimes County, Texas, for a meeting to request tax breaks for the project. The company says that if additi...
Elon Musk's plans to get into the AI chip manufacturing business are going to be costly. As the New York Times and CNBC report, SpaceX is planning to invest at least $55 billion into its "Terafab" chip plant in Austin, Texas. That's according to the details of a public hearing notice filed in Grimes County, Texas, for a meeting to request tax breaks for the project. The company says that if additional phases are constructed, its investment could someday balloon to $119 billion total. When Musk initially announced the project in March, he shared ambitious plans for it to produce enough chips to support up to 200 gigawatts per year of computi … Read the full story at The Verge.
In this article SHEL Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 3:01 03:01 Shell CEO on Iran: You're seeing the hard reality of taking 12% of the world's crude off the market Money Movers The oil market faces a shortage of nearly one billion barrels that will only get worse every day the conflict in the Middle East drags on, Shell CEO Wael Sawan told investors Thursday. "The h...
In this article SHEL Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 3:01 03:01 Shell CEO on Iran: You're seeing the hard reality of taking 12% of the world's crude off the market Money Movers The oil market faces a shortage of nearly one billion barrels that will only get worse every day the conflict in the Middle East drags on, Shell CEO Wael Sawan told investors Thursday. "The hard facts are we have dug ourselves a hole of close to a billion barrels of crude shortage at the moment, either because of locked in barrels or unproduced barrels," Sawan said during the London-heaquartered oil producer's first-quarter earnings call. "And of course, that hole is deepening every single day so the journey back will be a long one," Sawan said. To put that number in context, the entire world consumes about 100 million barrels of oil every day, according to data from OPEC. Halliburton also estimates that oil production lost due to the war is trending toward a billion barrels, CEO Jeffrey Miller said on the oilfield service company's April 21 earnings call. "Recovery of oil and gas production and inventories will not be a quick or simple process," Miller said. Small consumption decline Demand destruction due to lost oil supplies have been modest so far, Sawan said. Jet fuel consumption has been curtailed by around 5% in the airline industry, the Shell CEO said. "What you are seeing, in essence, is just the hard realities of taking 12% of the world's crude off the market and you have to be able to counter that," Sawan told CNBC's " Money Movers " on Thursday. The oil market is facing the biggest supply disruption in history, according to the International Energy Agency. Iran has effectively blockaded the Strait of Hormuz, the narrow sea lane where about 20% of global oil supplies passed before the U.S. and Israel attacked on Feb. 28. Oil prices have fallen more than 10% since Tuesday on renewed hopes that the U.S .and Iran will strike a deal to end the war and re...
The Complicated Reality Behind High Gas Prices Authored by Petr Svab via The Epoch Times, Average gas prices in the United States have gone up by almost 40 percent since March 1. The reason appears straightforward: Iran has blocked the Strait of Hormuz in response to the U.S. military operation that decapitated its regime and degraded its military. Hundreds of tankers trapped behind the strait can...
The Complicated Reality Behind High Gas Prices Authored by Petr Svab via The Epoch Times, Average gas prices in the United States have gone up by almost 40 percent since March 1. The reason appears straightforward: Iran has blocked the Strait of Hormuz in response to the U.S. military operation that decapitated its regime and degraded its military. Hundreds of tankers trapped behind the strait cannot deliver their oil, depriving the world of 7 percent to 10 percent of its supply. Although that explains drastic price increases and even shortages in Europe and Asia, the United States gets almost no oil through the strait. In theory, the country should be energy-independent, as it is a net petroleum exporter. But in reality, the United States is highly intertwined with the global oil market, and there is little chance it could disentangle itself from it, according to experts who spoke to The Epoch Times. “Oil is a fungible commodity that can be shipped anywhere in the world, and that is why everyone is impacted by the events,” said Patrick De Haan, petroleum analyst with gas price tracker GasBuddy. Countries facing shortages are willing to pay top dollar for U.S. oil. “There’s huge demand to export the product,“ said Paul Sankey, an oil market analyst and president of Sankey Research. ”So that draws the prices up.” If the U.S. government were to impose limits on oil exports, it would likely cause more problems than it would solve, the experts said. Light Sweet Versus Heavy Sour Not all crude oil is made the same. The oil produced in the United States through fracking is called “light sweet.” It is the easiest to refine and contains few impurities such as sulphur. Much of Middle Eastern oil is categorized as “medium.” It is still fairly easy to process, but it is thicker and contains more sulphur. Canada largely produces “heavy sour” oil. It is even thicker and more sulphurous. Venezuela, despite its gigantic reserves, produces mostly very heavy, sour oil that few refin...