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The EV Stock Bubble Bursting Has Cost Investors $1.5 Trillion
on.barrons.com/3IHJmBe
The EV Stock Bubble Bursting Has Cost Investors $1.5 Trillion
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Billionaires race to buy TikTok after Chinese owners ordered to sell app — with Steve Mnuchin in the lead
nypost.com/2024/04/25/business/wall-street-and-tech-billionaires-race-to-buy-banned-tiktok/
Billionaires race to buy TikTok after Chinese owners ordered to sell app — ...
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
  • ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.

  • Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.

  • ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.

  • As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
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Costco shoppers are finding it's harder to sell gold than to buy it: Gold bars have been flying off the shelves at Costco, but some buyers are discovering that ...
businessinsider.com/costco-shoppers-finding-harder-to-sell-gold-bars-than-buy-2024-4
Costco shoppers are finding it's harder to sell gold than to buy it
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Chipotle stock price just hit an all-time high, even as other chains struggle to stay afloat
fastcompany.com/91113415/chipotle-stock-price-today-high-split-date
Chipotle stock price just hit an all-time high, even as other chains ...
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Why Tesla Stock Is Soaring After a Q1 Earnings Miss: Tesla came up short of analysts' expectations for its first quarter, yet its stock is roaring higher today ...
kiplinger.com/investing/stocks/why-tesla-stock-is-soaring-after-a-q1-earnings-miss
Why Tesla Stock Is Soaring After a Q1 Earnings Miss
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US Reverses on Plan to Ban Menthol Cigarettes, WSJ Reports: President Joe Biden’s administration is delaying action on a proposed rule to ban menthol cigarettes ...
bloomberg.com/news/articles/2024-04-26/us-reverses-on-plan-to-ban-menthol-cigarettes-wsj-reports
US Reverses on Plan to Ban Menthol Cigarettes, WSJ Reports
Quick Glance: Biden administration faces delays in menthol cigarettes ban
  • The planned implementation of a ban on menthol cigarettes in the US is expected to take 'significantly more time,' according to US Health and Human Services Secretary Xavier Becerra in a statement on Friday.

  • In April 2022, the US Food and Drug Administration (FDA) initially announced the ban on the popular mint flavor, setting a deadline for August 2023. Final rules were sent to the White House Office of Management and Budget for review in October, with the status listed as 'pending.'

  • According to the proposed FDA regulations, the manufacturing and sale of menthols would be prohibited, without direct regulation of smokers themselves.

  • A prohibition on menthol cigarettes could potentially save up to 650,000 lives over the next 40 years, with a third of these lives being saved within the black community, as stated by the Campaign for Tobacco-Free Kids.
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Caitlin Clark to Sign Nike Deal Worth $28 Million: The eight-year agreement is the largest endorsement package ever given to a WNBA player.
inc.com/associated-press/caitlin-clark-to-sign-nike-deal-worth-28-million.html
Caitlin Clark to Sign Nike Deal Worth $28 Million
Quick Glance: Caitlin Clark Secures Groundbreaking Contract with Nike After WNBA Salary Criticism
  • Following public criticism of Caitlin Clark's modest WNBA rookie salary, she secured an impressive deal with Nike.

  • As the top pick in the 2024 WNBA Draft, she landed a long-term agreement with the athletic footwear and apparel brand, including a signature shoe.

  • This partnership represents the largest sponsorship deal for a female basketball player.
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ARK’s Cathie Wood Keeps Buying Tesla Stock as It Falls: Tesla stock has dropped 37% this year, but ARK Invest’s Cathie Wood is buying the dip.
on.barrons.com/4aXesAH
ARK’s Cathie Wood Keeps Buying Tesla Stock as It Falls
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The CEO of Jefferies Just Sold $65 Million in Shares to Buy a Yacht: Jefferies CEO Rich Handler sold $65 million worth of stock in the company to buy a yacht ...
robbreport.com/motors/marine/rich-handler-yacht-tilman-fertitta-1235594863/
The CEO of Jefferies Just Sold $65 Million in Shares to Buy a Yacht
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Netflix's Subscriber Numbers Soar After its Password Sharing Crackdown. But What Next?
inc.com/kit-eaton/netflixs-subscriber-numbers-soar-after-its-password-sharing-crackdown-but-what-next.html
Netflix's Subscriber Numbers Soar After its Password Sharing Crackdown ...
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Galfar makes a statement on railway contract: Muscat: Galfar Engineering and Construction has stated to the Muscat Stock Exchange, that Oman-Etihad Rail (Hafeet ...
omanobserver.om/article/1152752/business/markets/galfar-makes-a-statement-on-railway-contract
Galfar makes a statement on railway contract
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Home Depot’s Cult-Fave 12-Foot Skeleton Just Got a Makeover — and It’s Currently in Stock
bestproducts.com/lifestyle/a44535824/12-foot-skeleton-home-depot-july-2023/
Home Depot’s Cult-Fave 12-Foot Skeleton Just Got a Makeover — and It’s ...
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Parking spots in Boston sell for as much as $500,000: Parking spot sales are rare, and difficult to track. But when the true cost is revealed ...
bostonglobe.com/2024/04/22/business/buy-parking-spot-boston-real-estate-market/
Parking spots in Boston sell for as much as $500,000
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NPR chief knocks ‘bad faith distortion’ of social media posts: NPR’s top executive is dismissing criticism from conservatives over social media posts she ...
thehill.com/homenews/media/4617524-npr-chief-knocks-bad-faith-distortion-of-social-media-posts/
NPR chief knocks ‘bad faith distortion’ of social media posts
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Trump Media Share Price Drops Sharply: Funds that bet on a fall were set to profit as the parent of Truth Social came under renewed pressure after it registered ...
nytimes.com/2024/04/15/business/trump-media-stock.html
Trump Media Share Price Drops Sharply
Quick Glance: A Swift Tech-Stock Bubble and Burst in Three Weeks
  • The value proposition of buying shares of Truth Social's parent company revolves around Donald Trump's ability to make you wealthy, a unique focus.

  • Trump's history of promising financial gains extends to the realm of Truth Social stock, which currently presents a stark contrast.

  • The current trajectory of Trump's stock value compared to its initial rise creates a tech-stock bubble phenomenon.

  • Examining what Truth Social offers without the Trump factor reveals its foundation as a social network built on Mastodon, lacking technical uniqueness.
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Ferrari's CEO likes to run the company like a tech startup: WSJ: Benedetto Vigna, Ferrari's CEO since 2021, prefers a flatter corporate structure and a company ...
businessinsider.com/ferrari-ceo-benedetto-vigna-leads-company-tech-startup-2024-4
Ferrari's CEO likes to run the company like a tech startup: WSJ
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Why Taiwan Semiconductor Stock Is Falling After Earnings: Taiwan Semiconductor beat expectations for the first quarter but its stock is notably lower. Here's why ...
kiplinger.com/investing/stocks/why-taiwan-semiconductor-stock-is-falling-after-earnings
Why Taiwan Semiconductor Stock Is Falling After Earnings
Quick Glance: TSMC Forecasts Q2 Growth Due to 'Insatiable' AI Demand
  • TSMC, the world's largest chipmaker, forecasts a potential up to 30% increase in sales in the second quarter, driven by strong demand for semiconductors used in artificial intelligence (AI).

  • The CEO of TSMC emphasized the insatiable demand for energy-efficient computing power for AI applications, stating that almost all AI innovators are collaborating with the company.

  • Benefiting from the AI wave, TSMC expects revenue from AI servers to surpass 20% by 2028. The company anticipates that strong demand for its 3nm and 5nm technologies will support business in the second quarter of 2024.

  • Forecasts for 2024 indicate TSMC's positive outlook, with expectations of revenue rising in the low- to mid-20% range. Despite sluggish smartphone demand, the company remains optimistic about the future due to the ongoing demand for advanced chip technologies.
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Uniqlo is being powered by young women who want outfits for both 'at the office or on a night out'
qz.com/uniqlo-gen-z-shoppers-changing-consumer-habits-1851427061
Uniqlo is being powered by young women who want outfits for both 'at the ...
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Artworks carried to safety as fire blazes at Copenhagen’s old stock exchange: Spire collapses as fire engulfs Danish landmark, which houses one of country’s most ...
theguardian.com/world/2024/apr/16/spire-collapses-fire-copenhagen-historic-stock-exchange
Artworks carried to safety as fire blazes at Copenhagen’s old stock ...
Quick Glance: Devastating Fire Strikes Copenhagen's Old Stock Exchange
  • A blaze engulfed Copenhagen’s historic former stock exchange in Denmark’s capital on Tuesday, with the spire being consumed by flames and collapsing.

  • The fire spread across multiple floors of the monument, leading to the collapse of its roof, as reported by local fire department chief Jakob Vedsted Andersen.

  • The tower, standing at 184 feet, featured a distinctive design resembling four intertwined dragons’ tails, symbolizing protection against enemies and fire, as indicated by tourism websites.

  • Deputy Prime Minister Troels Lund Poulsen referred to the incident as Denmark’s unique moment akin to Notre Dame, alluding to the 2019 fire in the roof of the Parisian landmark.
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Taylor Swift surprised UMG with TikTok return: WSJ: Taylor Swift's team wanted to return her music to TikTok to promote her upcoming album ...
businessinsider.com/taylor-swift-surprised-umg-with-tiktok-return-wsj-2024-4
Taylor Swift surprised UMG with TikTok return: WSJ
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U.S. crude oil gains as Israel reportedly prepares for attack by Iran this weekend
cnbc.com/2024/04/12/crude-oil-prices-today.html
U.S. crude oil gains as Israel reportedly prepares for attack by Iran this ...
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'Sleaze baack!': A roundup of the headlines from the US front pages
theweek.com/us-todays-newspapers
'Sleaze baack!'
Quick Glance: Twelve Jurors Seated in Trump's Hush Money Trial
  • A jury of 12 individuals was empaneled on Thursday in the landmark hush money trial of former President Donald Trump, bringing the proceedings closer to opening arguments and the commencement of weeks filled with compelling testimonies.

  • The upcoming trial is anticipated to present unfavorable testimonies regarding Trump's personal life pre-presidency, including accusations of manipulating business records to suppress narratives in the final days of the 2016 election surrounding his intimate relationships.

  • Central to the trial is a payment of $130,000 made by Cohen just before the 2016 election to adult film actress Stormy Daniels, aimed at preventing her allegations of a sexual encounter with Trump from being publicized in the campaign's final stretch.

  • The selection of the jury holds paramount significance in any criminal proceeding, particularly so when the accused is a former president and the presumed Republican candidate. Potential jurors have undergone extensive scrutiny concerning their online presence, personal backgrounds, and political stances as legal representatives and the judge meticulously scrutinize for partialities that could compromise their impartiality.
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Israel expected to be attacked by Iran within next 48 hours - WSJ: An individual who was briefed by Iranian regime leadership stated "no final decision has ...
jpost.com/breaking-news/article-796680
Israel expected to be attacked by Iran within next 48 hours - WSJ
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Poll: Suburban Women in Swing States Ding Trump on Abortion: The Wall Street Journal survey found that four out of 10 of those women says it’s a decisive issue ...
thedailybeast.com/poll-suburban-women-in-swing-states-ding-trump-on-abortion
Poll: Suburban Women in Swing States Ding Trump on Abortion
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Super Micro Computer: Why This Hot Stock Could Hit $1,500: Super Micro Computer's long-term AI revenue potential is underappreciated, Loop Capital says ...
kiplinger.com/investing/stocks/super-micro-computer-why-this-hot-stock-could-hit-dollar1500
Super Micro Computer: Why This Hot Stock Could Hit $1,500
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WSJ: Denying weapons to Israel in the middle of a war is betrayal: "Denying weapons to an ally in the middle of a war is the definition of betrayal ...
jpost.com/breaking-news/article-796195
WSJ: Denying weapons to Israel in the middle of a war is betrayal
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What Does Tesla Stock's Latest Slide Mean for Investors?: Tesla stock is down more than 35% in 2024 and the company just announced layoffs ...
kiplinger.com/investing/stocks/what-does-tesla-stocks-latest-slide-mean-for-investors
What Does Tesla Stock's Latest Slide Mean for Investors?
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US, Israeli officials fear most hostages held by Hamas are dead — report: Wall Street Journal says some captives believed killed in IDF strikes ...
timesofisrael.com/us-israeli-officials-fear-most-hostages-held-by-hamas-are-dead-report/
US, Israeli officials fear most hostages held by Hamas are dead — report
Quick Glance: Biden Administration's Cease-Fire Efforts Under Scrutiny
  • The Biden administration's aspirations to end the war in Gaza and progress towards a two-state solution for Israel and Palestine hinge on securing a temporary cease-fire and the release of Israeli hostages.

  • The U.S. strategy focuses on halting the conflict momentarily, aiming for subsequent cease-fires, hostage releases, humanitarian aid, and the reconstruction of post-war Gaza under Palestinian Authority.

  • Arab involvement, particularly from Saudi Arabia, is pivotal in negotiations to push Israel towards considering a separate Palestinian state amidst escalating tensions.

  • With no contingency plan in place, pressures from potential Iranian strikes and the condition of the hostages in Gaza intensify the urgency for a breakthrough in the cease-fire discussions.