Independent thinking for complex markets and current events
Just a reminder that if Elon never bought Twitter, the algorithms never would have been changed, and the broader public would still be asleep. Most of the content in your feeds would not be there, and your favorite accounts would still be suspended. The shift we are seeing in… pic.twitter.com/AGGW4owaSw — Clandestine (@WarClandestine) June 12, …
Steven and Katherine Wolf missed out on the ultra-low mortgage rates of the pandemic. By the time the couple secured solid jobs and could buy a home, borrowing costs more than doubled. Rather than wait, the former renters jumped into home ownership in fall 2022. They also stretched, buying a Bakersfield home that carried an …
Over the last five years, the FTSE 100 is up 15%, compared to 85% for the S&P 500. Despite this, several top hedge funds own UK stocks – and have been buying them recently. One of the most prominent examples is run by Michael Burry. During the first three months of 2024, Scion Asset Management …
“We are expecting an upward trajectory in the US equity markets,” wrote Scott Bessent, a former Soros Fund Management investing chief as he bets on a “Trump rally”. “Barring Biden pulling ahead in substantial fashion, all pullbacks should be bought.” Bessent’s bet appears well based as the polls (averaged by Real Clear Politics), Trump has …
Elon Musk is famous for having big, outlandish ideas. But one of his biggest is to build his own city in Texas. According to reporting from the Wall Street Journal, Musk-owned entities have been buying up land — at least 3,500 acres of it — near Austin, Texas, and are in the process of trying to …
Some guys have all the luck. A Brooklyn man won the $10,000,000 top prize on a scratch-off game, the New York Lottery said in a release on Tuesday. But that’s not even half the story. Wayne Murray claimed his winnings from the 200X scratch-off game earlier in the week — marking the second straight year …
In an unprecedented development, the Federal Reserve’s urgent crisis escalates as its decade-long bond-buying spree, valued at $7.7 trillion, reveals a shocking loss, with unrealized losses on the balance sheet surpassing $1.3 trillion for the first time ever. The amortized cost now stands at 20.4% more than the mark-to-market price, presenting an alarming financial discrepancy. …
Investor who bought Wyoming Brook coal mine sight-unseen for $2M learns it may contain $37BILLION worth of ‘rare earth’ minerals used for semiconductors, missiles and solar cells Randall Atkins, 71, bought the Brook Mine 12 years ago – but it wasn’t until years later that researchers found the ground contained rare earth elements His rare …
by acg7 You would have paid $381.11 for it. As of this exact second, that same share is worth $431.92 This imputes an annual ROI of 4.67%. However inflation has been out control. And it now takes $448.43 to buy the same amount today, that you could buy for $381.11 in January of 2021. Meaning if …
Toyota to release a water powered engine. Just in time for 2030 ahe. https://www.youtube.com/watch?v=8HhBIg3rGv4 h/t Mr Z
A Democratic enclave in Wyoming purchased electric buses to reduce emissions, but the buses are indefinitely inoperable after their manufacturer went bankrupt earlier this summer, the Cowboy State Daily reported. Jackson, Wyoming, and Teton County formed the Southern Teton Area Rapid Transit (START) system, which bought eight electric buses from Proterra to add to its …
Due to the way options are reported, this is a common misconception. Calculated portfolio weighting for options is incorrect because nominal value is reported. Nominal value is calculated as "the number of option contracts" × 100 × "the value of the underlying security." 2/6 pic.twitter.com/6nxCuBDDtK — The Kobeissi Letter (@KobeissiLetter) August 14, 2023 However, in …
‘The U.S. Food and Drug Administration approved Ebanga (Ansuvimab-zykl), a human monoclonal antibody, for the treatment for Zaire ebolavirus (Ebolavirus) infection in adults and children. Ebanga blocks binding of the virus to the cell receptor, preventing its entry into the cell. Of the 174 patients who received Ebanga, 35.1% died after 28 days, compared to …
A mysterious company that bought more than 50,000 acres of land around an Air Force base in California for $800million is now suing farmers for conspiring to sell it at inflated prices. Public records show ‘Flannery Associates’ has invested more than $800million on around 55,000 acres of land surrounding the Travis Air Force base since …
A Berks County man is among seven people who federal authorities say were part of a nationwide network of people who bought and sold human remains stolen from Harvard Medical School and an Arkansas mortuary. A federal grand jury in Scranton handed down an indictment against Joshua Taylor, 46, of West Lawn, alleging he conspired …
More Ontario homeowners sold within a year of buying as interest rates climbed, report finds There’s been a “notable” increase in homeowners selling within one year of buying a property, particularly condos, since interest rate hikes started last year, according to a new report from land and commercial registry company Teranet. The latest edition of Teranet’s …
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