elon musk

esla set to skid after missing on revenues and profits
By Michael Hewson (Chief Market Analyst at CMC Markets UK)
 
Having found itself caught up in the big Nasdaq 100 sell off in 2022 as its share price fell from peaks of $400 to as low as $102 in 2022 the Tesla share price managed to rebound to just shy of $300 in the summer of 2023, before establishing a short-term base just above $190 a share in October last year.
Since posting those lows in the wake of its Q3 numbers back in October the Tesla share price has chopped sideways as investors mull the prospect of whether we've seen peak Tesla when it comes to EV growth and profitability.
 
Wherever you look there are signs of EV fatigue as Tesla's first mover advantage starts to wane, and the costs of owning an electric vehicle start to become apparent to all but the most affluent buyers.
Rising insurance costs relative to ICE cars, as well as higher repair costs mean that while running costs might be cheaper on a day-to-day b

Fed Expectations Amid Mixed Data: Wishful Thinking or Practical Pause?

Fluctuations Of Crowdstrike, Apple (APPL) To Rise Again, Elon Musk Makes Other Twitter Shareholder Angry

Saxo Bank Saxo Bank 13.04.2022 11:25
Equities 2022-04-13 05:30 6 minutes to read Summary:   Crowdstrike shares surge putting cybersecurity in the limelight. Apple and BHP poised to announce share buy backs, which will support further share price growth. Oil rocks back over US$100 lifting oil stocks in New York and Australia. A Twitter shareholder sues Elon Musk for allegedly committing fraud. Iron ore and aluminium are back in vouge, boosting Rio Tinto shares. US defaults to double according to S&P Global. New Zealand makes its biggest increase in interest rates in 22-years. Co-written by Market Strategists Jessica Amir in Australia, Redmond Wong in Hong Kong. What’s happening in equites that you need to know? US stocks fell for the third day. The S&P 500 (US500.I) and the Nasdaq 100 (USNAS100.I) lost 0.3%. As always, there were bright sparks at the stock level. The world’s biggest cybersecurity company, Crowdstrike (CRWD) rose 3.2% to US$223.51 (its highest level since November last year), after Goldman Sachs upgraded the stock to a buy. We’ve previously mentioned Crowdstrike as a stock to watch. It makes 94% of its money from subscriptions, and we like businesses like these, given they are set to benefit from elevated demand to address cyberattack fears. The market also likes Crowdstrike with 93% of analysts rating the stock as a BUY. Goldman Sachs expects Crowdstrike’s shares to rise to $285 in a year. Also in MegaCaps, Apple (AAPL) shares jumped over 1% after whispers that Apple could announce a buyback of US$80-$90 billion (and buy backs support share price growth). Hang Seng Index (HSI.I) and CSI300 (000300.I) are little changed. Hang Seng Tech (HSTECH.I) was up 0.6%.  Energy and mining stocks outperformed.  Zijin Mining (02899) surged 7%.  Jiangxi Copper (00358), China Molybdenum (03993), MMG (0128) rose more than 5%.  CNOOC (00883) rallied 4% and China Coal was up from the 6%.  In A shares, logistics names outperformed while real estates, airlines, online entertainment led declines.  Twitter (TWTR) shareholders sue Elon Musk (TSLA CEO). A Twitter, shareholder sued Elon Musk for allegedly committing fraud by delaying the disclosure of his ownership of more than 5% of Twitter, so Musk could buy more shares at a cheaper price. The investor said Musk should  have disclosed his holding by March 24, instead of April 1. Twitter shares rose 27%, from $39.31 on April 1, to $49.97 on April 4. Twitter shareholder, Marc Bain Rasella is also looking to represent a class of investors who sold Twitter shares from March 24 to April 1. Crude oil (OILUKJUN22 & OILUSMAY22) jumps 6% to $101, ... ...as OPEC said the obvious, that’s it’s impossible to replace supply losses from Russia, while China also hints of restrictions easing. This supports gains in oil stocks in the US overnight and in Australia today.  The Australia share market more (ASX200) rose 0.2% by 1pm local time with energy and mining stocks fueling the market higher. Also of note, Rio Tinto (RIO) rose 2.2% after the aluminium and iron ore price extended their rebound. Both prices are important to Rio as it makes 58% of its revenue from iron ore and 22% from aluminium . Also consider demand for aluminium  is expected to grow with company’s like Apple and Nestle's Nespresso to use more of the material to reduce CO2 emissions. Iron ore (SCOA) rebounded yesterday rising 2.5%, but today it’s about 0.9% lower, but holds 8-month highs, at US$154.25. It comes as China again pledged to stabilise its economy and this brightened the outlook for steelmaking ingredient. BHP (BHP) shares are holding at $51.71, and remain in their long term uptrend. So it's worth keeping an eye on BHP. BHP is also touted to annouce a record profit this year and a share buy back, which also supports share price growth. What you need to consider US defaults to double according to S&P Global.  S&P Global Rating anticipates the US’s default rate will swell from the current 1.5%, to 3% by year-end, amid financial conditions tightening. In China, the S&P Global Ratings expects more property developer defaults, with $18 billion in maturing debt and the likelihood of home sales falling 15-20%. Inflation is uncomfortably high.  March CPI hit 8.5% year-on-year. The hottest inflation since 1981. Core CPI moderated a bit, mostly due to a cooling of oil prices, and rose 6.5%. This is still the highest rate since 1982. The largest prices rises were in; fuel oil (70%), gas (48%), used cars (35%), hotels (29%), airfares (24%) and utility gas (22%) on a year on year basis. See the full list here (scrolling to pdf page 9). Simply this tells us, the US Federal Reserve is behind in fighting inflation, so expect a 0.5% interest rate hike at the May FOMC meeting, with rates to hit 2.6% at the end the year. In RMB terms, March China exports rose 12.9% while imports fell 1.7%.  In USD terms, March exports climbed 14.7% from a year ago and imports declined 0.1%. Trade surplus increased to USD47.4 billion (vs consensus $21.7bln, Feb $30.6bln). New Zealand makes its biggest increase in interest rates in 22-years,  while also announcing quarantine free travel. The RBNZ increased interest rates by 0.5% to 1.5%. The surprise caused the New Zealand stock market to fall 0.4% with their tech stocks falling 1.4%. However, as NZ announced quarantine-free travel, the travel industry got a kick, Auckland International Airport (AIA) shares rose 1.1% higher. Trading ideas to consider Aussie dollar and Kiwi ‘up and at em’, amid travel boost.  The Australian dollar (AUDUSD) is back in vogue, rising for the second day, after Australian business confidence rose to its highest level in 5 months. While the NZ dollar (NZDUSD) also rallied for the second day, heading toward 0.69 US. It’s worth watching these two currencies as travel takes off as well between the two nations. Travel stocks.  Air stocks like Air New Zealand (AIZ) and Auckland International Airport (AIA), and Qantas (QAN), Singapore Airlines (SIAL), China Eastern Airlines (CEA) could be worth watching as they have not recovered from the covid falls in 2020. If China restrictions ease and tourism reopens, it’s worth keeping these on your radar. For a global look at markets – tune into our Podcast 
(TWTR) Twitter Stock News and Forecast: What is a poison pill for TWTR stock?

(TWTR) Twitter Stock News and Forecast: What is a poison pill for TWTR stock?

FXStreet News FXStreet News 19.04.2022 16:36
Summary: Twitter stock rose over 7% on Monday to $48.45. Elon Musk previously tabled a $54.20 bid for TWTR. Twitter rejected Musk's offer and adopted a poison pill defense. Twitter (TWTR) stock rallied sharply on Monday as speculation intensified over potential bidders for the company. Latest reports show the company appears to definitely be in play with multiple suitors lined up to challenge Musk's bid. If you have been living under a rock, Elon Musk unveiled a 9.2% stake in Twitter only a couple of weeks ago. The Twitter board offered Musk a seat, which he rejected. This was likely an attempt at a "keep your enemy closer" strategy as board members cannot launch a takeover bid for the company. The rejection put Twitter in play, and subsequently Elon Musk offered to buy the remainder of TWTR stock for $54.20 in cash. He stated it was his final offer. Article on Crypto: Altcoins Showing Promising Growth - Take a Look at Solana (SOL), POLKADOT (DOT) and SHIBA INU (SHIB-USD)| FXMAG.COM Twitter Stock News Twitter apparently decided to fight Elon Musk's offer using what is known as a poison pill mechanism. Just what is a poison pill? Basically, it is akin to money printing – companies just print new shares to defend themselves. This puts more shares in play, meaning any potential buyer is diluted. A poison pill means that all shareholders except Elon Musk can buy shares in a discounted issue. Elon Musk's stake would be diluted while other holders get the chance to maintain their holding. In this case, Twitter has set the level at 15%. It can begin issuing shares if Musk goes over this threshold. Silver Lake reportedly was involved in 2018 when Elon Musk was planning to take Tesla private Musk may be about to face competition in his quest to land Twitter if the latest reports are to be believed. Apollo Global is reportedly interested in some form of participation in the deal, according to The Wall Street Journal. The WSJ article elaborated that Apollo Global could be in line to provide financing for the deal. Whether that is to Musk or another bidder remains to be seen. The New York Post said in an article on April 15 that Musk was speaking to investors that could partner with him on any deal for Twitter. Musk has a large fortune, but it is largely due to his Tesla holding. So to pay up for Twitter he could sell some of his Tesla shares or seek financing from private equity or Wall Street Investment Banks. The New York Post article mentions Silver Lake as a potential partner. Silver Lake reportedly was involved in 2018 when Elon Musk was planning to take Tesla private. Back in 2018 was the origin of the "funding secured" tweet, which ended up with a slap on the wrist from the Securities & Exchange Commission and a Twitter check for Elon's future tweets. Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun There has also been talk that Thomas Bravo will enter the bidding. Thomas Bravo is a private equity firm and is looking at possibilities, according to Bloomberg and Reuters. Twitter Stock Forecast The spike from the initial announcement brought Twitter naturally up to Elon Musk's offer price at $54.20. Interestingly the price has never breached this level, meaning the market is not very confident that another buyer will emerge. It is not unusual for a stock to trade higher than a proposed takeover offer if the market believes other bidders will emerge. What we are witnessing here is the market's lack of confidence in Elon Musk getting his bid through as there are question marks over how he raises the cash. Twitter naturally went overbought on both Money Flow Index (MFI) and the Relative Strength Index (RSI) when the stock spiked. Now, these are back at normal levels. The stock remains in a classic downtrend, but short-term news flow will generate plenty of volatility, so traders need to keep aware of this. Twitter (TWTR) stock chart, daily
UK Labor Market Shows Signs of Loosening as Unemployment Rises: ONS Report

(KO) Coca-Cola Earnings Posted Exceeding Expectations, Elon Musk’s Target on Twitter (TWTR) Coming To Life!?

Rebecca Duthie Rebecca Duthie 25.04.2022 17:02
Summary: Coca-Cola’s earnings beat analyst expectations. The deal between Twitter and Elon Musk is coming to life. The earnings report posted earlier today by Coca-Cola exceeded investor and market expectations. These favorable earnings came despite their Russian business suspension, they managed to meet their full-year outlook for organic revenue and comparable EPS growth. The growth seemed to come mainly from increased demand for powerade and Costa coffee. The price increase also came despite the increase in inflation and in costs such as aluminum, high fructose corn syrup and plastic. The future of Coca-Cola’s stock price is uncertain, it may have managed to weather the inflation and market volatility storms for now, but we may not see the same growth in the next quarter. Coca-Cola's Price Chart Read next: Netflix Crashing!? Netflix Stock Price (NFLX) Falls More Than 35%? Subscribers Fled!  Elon Musk and Twitter: It Is evident that the deal originally thought to be improbable, has come to life. The price of twitter has increased by more than 3% since the market opened this morning. On Sunday the Twitter board met with Elon Musk to discuss in detail his offer to buy Twitter, there are rumors circling saying that the market could see an agreement go through as soon as Monday (today) between the richest man in the world and the very influential social networking service. As a result of this new information (which has not been fully confirmed), the stock price of Twitter opened at 4% higher than its closing on Friday. Twitter Price Chart Read next: (TSLA) Tesla And Elon Musk Continue to Outperform the Market! What About Elon Musk-Twitter Negotiations' (TWTR) Influence?   Sources: investing.com, cnbc.com, Finance.yahoo.com,
GBPUSD Testing Key Support at 1.2175: Will Oversold Conditions Trigger a Correction?

It's Like A Blockbuster! Crude Oil Price (BRENT/WTI) Electrify Markets As Elon Musk And Twitter (TWTR) Do The Same!

Walid Koudmani Walid Koudmani 26.04.2022 10:46
Oil along with other risk assets is trading higher today as sentiment towards energy commodities and industrial metals improved slightly after declining over the last several days. However, it is important to note that the outlook for oil is still unclear as there are a number of contradicting factors impacting the price of the commodity. On one hand, there is still the risk of a total embargo on Russian oil by the West which is likely to exert an upward pressure on prices. Read next: What Is Chia Coin? - (XCH) - First New Nakamoto Coin Since Bitcoin Launch (2009) | FXMAG.COM Taking a look at the Brent oil chart, we can see that the price bounced off the $100.00 per barrel mark yesterday evening and... On the other hand, the pandemic situation in China and the country's response to it is creating the risk of an economic slowdown in the world's second largest economy. As China is a major consumer and importer of oil and industrial metals, lower demand from this country could have a visible impact on oil prices as well as other commodities and lead to a domino effect across global markets. Taking a look at the Brent oil chart, we can see that the price bounced off the $100.00 per barrel mark yesterday evening and managed to climb to the $103 resistance zone before pulling back slightly today and heading once again towards the $100. A similar situation can be noticed when looking at the Oil.WTI chart with a pullback from the $100 area and a current test of the $97,77 reaction zone. Read next: A Reward For A Transaction!? What Is Kishu Inu Coin? ($KISHU) Let's Take A Look At This New Altcoin  Investors focus on today’s mega cap earnings after Twitter accepts Elon Musk takeover offer After a tense round of negotiations, Twitter accepted Elon Musk's offer and will be bought for $54.20 per share. The company will become private once the deal is completed after he initially became the largest shareholder by buying around 9% of shares. The market reacted favorably to this news with the stock price gaining 5.6% yesterday despite much controversy surrounding the issue. While the situation remains uncertain, it is likely that the effects of this news will have ripple effects across stock markets. However, investors will also be switching their attention to today's mega cap earnings reports in what will be a week filled with high level earnings. Microsoft and Alphabet are due to report their earnings today after market close which could have a noticeable impact on stock markets, particularly the S&P 500 and Nasdaq 100, both of which have been trying to halt a series of losses.  
The Trade Off - 31/03/22

Amazon (AMZN) And Apple (APPL) Post Earnings Announcement Performance. Elon Musk Moves On To Coca-Cola!?

Rebecca Duthie Rebecca Duthie 29.04.2022 10:44
Summary: Amazon causes poor investor sentiment. Apple shocks the market. Musk going after Coca-Cola next?? Amazon (AMZN) stock prices show improving investor confidence despite disappointing revenue forecasts. During post market trading yesterday, the AMZN share price fell by almost 10%. This fall comes after the tech giant made its earnings announcement, this was because the earnings missed investor forecasts. The slightly disappointing revenue in Q1 of Amazon came as a result, amongst other things, of a decrease in consumer spending online and a return to in-person-activities. Amazon attributed its disappointing earnings to the current adverse economic conditions partly coming from the Russia-Ukraine conflict and partly from the issues around supply chains. Their earnings increase is 37% lower (Q1 2022: 7%, Q1 2021: 44%) than this time last year and their EPS has fallen by 0.84 cents for the same time period. AMZN Share Price Chart Read next: (APPL) Apple Earnings and (AMZN) Amazon Earnings Are Due To Be Announced! What To Expect?  Apple earnings announcement left investors feeling bullish Apple share prices increase inlight of favorable earnings reported by the tech giant. The earnings reported were better than the market expected. Although the Q1 earnings for Apple are causing the share price to increase, concerns still remain around the future supply chains of this tech giant, they can be heavily impacted by China’s “zero-covid” policy and its lockdowns. APPL Share Price Chart Elon Musk targeting Coca-Cola next? On Wednesday night Elon Musk posted a tweet on his platform suggesting or joking about acquiring the Coca-Cola company, this comes after his offer to buy Twitter (TWTR) was approved by the board. Musks tweet was as follows “Next I’m buying Coca-Cola to put the cocaine back in”. Although many of the world’s richest man's followers saw the tweet as a joke, there was a time when people thought his quest for TWTR was a joke too. The tweet caused Coca-Cola’s share price to drop hugely, the price has since recovered, but what does the future hold for this beverage giant ? KO Share Price Chart Read next: Zuckerberg Didn't Shock Market! Meta Platforms Inc. (FB) Q1 Earnings Announcement Expected Whilst GlaxoSmithKline (GSK) Delivers Favorable Figures  Sources: dailyfx.com, Finance.yahoo.com
Euro Area Final CPI Ahead of ECB's Interest Rate Decision on Thursday

(TWTR) Twitter Share Price Down After Musk Takeover Gets Approved.

Rebecca Duthie Rebecca Duthie 02.05.2022 14:10
Summary: The transaction between TWTR and Musk. Aspects that still need to happen for the transaction to close. Twitter Board approves the sale of TWTR to Elon Musk. Last week Twitters (TWTR) board agreed to sell the company, when the deal was approved, the share price of TWTR dropped and since has struggled to fully recover. Just because the board accepted the $44bn takeover offer from Musk does not mean the transaction is closed, there is still a way to go until the deal gets closed, if this happens, investors in the Tech and Social media industries could face a completely different landscape in the future. The shareholders will get $54.20 per share that they own. Twitter to become a private company if or when the transaction goes through. If or when the transaction closes, TWTR will become a private company and with that there will be less financial and operational transparency. Read next: Exxon and Chevron Earnings Announcements Has Little Effect on Brent Crude Oil Prices, Bullish Market Sentiment For Cotton and Gold Prices Rise Again  Share Price movements There are still aspects that need to be addressed for the transaction to close, that means the shareholders will have to approve at the next annual general meeting (AGM), and the deal must also meet regulatory approval and other closing considerations. The price of TWTR Shares has not been rising like in a normal acquisition, this could be because investors are uncertain of what the future holds for this social media giant. TWTR Price Chart Read next: Amazon (AMZN) And Apple (APPL) Post Earnings Announcement Performance. Elon Musk Moves On To Coca-Cola!?  Sources: ft.com, finance.yahoo.com
(DOGE) Dogecoin and Musk - How Elon Musk Has Single Handedly Created Price Changes In This Memecoin.

(DOGE) Dogecoin and Musk - How Elon Musk Has Single Handedly Created Price Changes In This Memecoin.

Rebecca Duthie Rebecca Duthie 09.05.2022 17:41
Summary: The history of Elon Musk and Dogecoin. Dogecoin’s possible multiple uses going forward.   Read next: Shell (SHEL) Stock Price Soars Along With The Rest Of The Industry.    The Dogecoin drone show. At the latest Tesla launch in Texas in April, Elon Musk used drones to project the symbol of Dogecoin, the public display of support caused the price to rally high initially. However, as of today the market has restored to the norms for the price of this cryptocurrency. Elon Musk has hinted in a series of tweets that subscribers and members may be able to pay for their Twitter (TWTR) accounts using their Dogecoins going forward. Inlight of Musks plans to take over Twitter, this could be a likely outcome. It is no surprise that Musk is a big fan of Dogecoin, he has integrated the crypto coin into Tesla by allowing the purchase of accessories with Dogecoin and plans to fund some of SpaceXs missions with Dogecoin going forward. The volatility seen by this coin is due to both investor sentiment and Elon Musk's interest in it. Over the past weeks the price of DOGE has been falling, this doesn't come as a surprise given the current global investor sentiment, going forward it wont come as a surprise to see Musk try to come to the coins rescue. DOGE Price Chart   Read next:  Lyft Stocks Face Major Negative Sentiment Despite Q1 Results Exceeding Expectations.    Sources: finance.yahoo.com
The Statement By Elon Musk About Starlink May Cause Confusion | Leaders Must Take Action To Protect The Environment

The Statement By Elon Musk About Starlink May Cause Confusion | Leaders Must Take Action To Protect The Environment

Kamila Szypuła Kamila Szypuła 25.09.2022 12:39
The financial environment is not only about numbers, analyzes and statistics. Nowadays, investors must also observe statements or individual actions of leaders. Moreover, the climate, environmentalists or pro-ecological activists call for action to protect the climate and thus to prevent global warming. Not only leaders have to care about the environment, but also the technology market. There are many technologies that care for the environment, and their development continues. In this article: The populations at risk from extreme heat Technology development Statement by Elon Musk The interest in clean-energy funds A career switch Leaders must also take care of the climate Morgan Stanley in his tweet emphasizes how important it is for leaders around the world to take action to protect the climate. Leaders around the world, from both the public and private sectors, must tackle climate change together to protect the populations at risk from extreme heat. Find out more: https://t.co/hHYtWbnX7A — Morgan Stanley (@MorganStanley) September 24, 2022   Nowadays, we observe climate change more and more often. Actions that humanity undertakes significantly affect the condition of the climate. State leaders or business owners must not only take care of the financial condition, but also take actions that will protect humanity from climatic extermination. If we forget that protecting the climate is equally important, it may one day turn out that water will be more valuable than a diamond. Future of technology Goldman Sachs Publication informs about an interview with Stephan Feld Goise with @BloombergTV about what activity we can expect in the technology industry. Stephan Feldgoise, our co-head of Global M&A, chats with @BloombergTV on what activity we can expect in the tech sector this year and next. https://t.co/Iw2e6Vz6WE — Goldman Sachs (@GoldmanSachs) September 16, 2022   Technology is present in our lives. Younger generations cannot imagine their lives without Internet access. Thanks to technology, I have more possibilities, and its continuous development is quite fast. Reflecting on what the technology market can offer new consumers, a lot of speculation arises, almost like in the futuristic novels of StanisÅ‚aw Lem. It is worth delving into what the technology market can offer us in the near future, that is this year and next. Starlink activation in Iran is it true * Walter Bloomberg in his tweet quotes Elon Musk. We learn that starlink activation in Iran. ELON MUSK SAYS ACTIVATING STARLINK IN IRAN — *Walter Bloomberg (@DeItaone) September 23, 2022   Such a statement may have caused a lot of controversy. After saying about buying Twitter, some recipients may treat the current information as a joke. Others, on the other hand, may believe that the business magnate and investor may only be trying to focus on themselves to stimulate their PR. His comments may significantly affect the Tesla share price and the financial environment. A single statement from the face of the company can cause confusion. The recent interest in clean-energy funds Morningstar, Inc. in his tweet, he informs about the interest in clean-energy funds. Recent climate legislation may be driving interest in clean-energy funds. And investors face many choices.@Jon_F_Hale recently examined the 5 largest clean-energy ETFs — as well as electric vehicle-focused funds. Here's what he found: https://t.co/EapNRt5EME#climateweek2022 pic.twitter.com/hn68Wtse4o — Morningstar, Inc. (@MorningstarInc) September 24, 2022   Taking care of the climate is very important. Electric cars have appeared on the market, and more and more households use solar panels. The interest in clean-energy is not only practical but also financial. Investors are more and more willing to take action in this area. According to the author of the tweet, the recent interest in clean-energy funds could have been caused by recent climate legislation. How to start a career in finance? Charles Schwab Corp announces in his tweet the possibility of starting a career in the financial sector without having any experience in this area. Did you know you don’t need a background in finance to make a career switch to a role at Schwab? Rebecca is using her experience and passion for teaching to succeed in her new role at Schwab. https://t.co/ptCOSvsOl7 pic.twitter.com/zXFEve3tp7 — Charles Schwab Corp (@CharlesSchwab) September 23, 2022 Many people dream of a career in finance but do not have the knowledge or skills or experience. There are single units that show by their example that there is nothing impossible to start over and start working in finance. The aforementioned units show that to start the change, it is enough to use what we have. A post like this one can fill people who want to change with optimism and a motivator to act.
Sticky US Inflation Expected to Maintain Dollar Strength Ahead of FOMC Meeting

Elon Musk To Go Through With Twitter (TWTR) Deal After All

Rebecca Duthie Rebecca Duthie 05.10.2022 11:25
Summary: On Tuesday Musk renewed his offer to buy Twitter. TWTR share price jumped in the wake of the news. “X, the everything app” TWTR stock price jumped Elon Musk attempted to pull out of the high-profile transaction, but on Tuesday he renewed his offer to pay $44 billion for the social networking site Twitter. The Tesla entrepreneur suggested the price in a letter to Twitter that was sent on Monday to the Securities and Exchange Commission. The price is equal to the original valuation of $54.20 per share. Late on Tuesday, Mr. Musk finally spoke up about the deal, writing on Twitter, "Buying Twitter is an accelerant to inventing X, the everything app." The price of the social network's stock increased so dramatically when it was revealed that Elon Musk is trying to restart his acquisition of the company that runs it that the New York Stock Exchange twice had to temporarily halt trading, according to the Wall Street Journal. The "Flash Crash" of 2010 prompted the implementation of such pauses, which begin when stocks on major indexes change price by more than 5% in less than five minutes. On Tuesday, Twitter shares increased by at least 12% at various points as Elon Musk declared he would stick with his original $44 billion offer to buy the social media platform. After purchasing Twitter Inc., Elon Musk teased "X, the everything app." According to the billionaire's prior remarks, the service may resemble the popular Chinese app WeChat. Beyond a single-line tweet, Musk didn't offer much information. However, the CEO of Tesla Inc. has admitted to admiring the Tencent Holdings Ltd. app, which has evolved from a messaging service to a mini-internet used by more than a billion people from China users daily. He has expressed thoughts on improving Twitter, saying he wants it to be more like WeChat and TikTok, the popular video-sharing app owned by ByteDance Ltd. that has gained popularity in the US. He also drew comparisons to the so-called "super apps" that are popular in some parts of Asia and allow users to access a variety of services from communications to car summoning using a single smartphone application. TWTR Price Chart Sources: finance.yahoo.com
Terra's Worker Arrested! White House Comment On The OPEC Decision And Success of Deutsche Bank

Terra's Worker Arrested! White House Comment On The OPEC Decision And Success of Deutsche Bank

Kamila Szypuła Kamila Szypuła 06.10.2022 13:21
The flow of information from the markets and the world today varies greatly. From successes to poor results. In this article: Compares the results Desire to buy Twitter First arrest in Terra LUNA investigation Another success of Deutsche Bank White House Commentary The statement Stephanie Cohen Communication Services has underperformed Bespoke in its tweet compares the results of Communication Services with the S&P. Pretty incredible how consistently Communication Services has underperformed the S&P over the last year. Almost a straight line from the upper left to the lower right.From our daily sector snapshot at https://t.co/H4p1RcpfIn. pic.twitter.com/q7wwuRYmsw — Bespoke (@bespokeinvest) October 5, 2022   Stock declines are visible in the market. We can judge the most important players by who and how copes with difficult market situations. It may come as a surprise when a better player achieves much worse results. This is what the author of the tweet mentions. Such a picture may turn out to be important for investors. Elon Musk tries to buy Twitter Cara Lombardo in her post describes situations where Elon Musk tries to buy Twitter. .@WSJ scoop w/⁦@AlexaCorse:⁩ - Musk & Twitter held unsuccessful price-cut discussions in recent weeks- Two sides now at odds over outlines of pact to close at original terms- For now, they agreed to delay Musk’s deposition tmrw $TWTR https://t.co/MjmvoEBYGi — Cara Lombardo (@CaraRLombardo) October 6, 2022   Once again, it grew loud around businessman Elon Musk. When he first announced his desire to buy Twitter, the market took it as a joke. Discussions are currently underway. Many wonder what the purpose of this purchase is and whether it will have a positive result for the giant's users. We can expect this topic to stay in the spotlight for a long time. Terra's head of general affairs has been arrested In his new tweet, CoinGecko announces the arrest of Terra's head of general affairs.   BREAKING: South Korea makes first arrest in #TerraLUNA investigation as they captured #Terra’s head of general affairs.The employee has been issued a bench warrant with charges of violating the capital markets act, fraud, and breach of duty.📰 https://t.co/iJVTndbnhJ — CoinGecko (@coingecko) October 6, 2022 A lot is happening in the cryptocurrency market. South Korea made the first arrest for violations of the Capital Markets Act, fraud and breach of obligations. Such information in the current cryptocurrency market can bring back memories of the beginning of this market where cryptocurrencies were used to hide profits in the world of criminals. Today, there are many supporters of cryptocurrencies, so we can expect that such a situation will have a negative impact on the terra luna market and not on the entire market. The successes of a large bank not only in the European region Deutsche Bank boasts of the successes of his Indonesian team.   Congratulations to our Indonesia team for winning Asiamoney's Best Corporate Bank in Indonesia award! Read more: https://t.co/BXfcD5dNmJ@DBCorporateBank — Deutsche Bank (@DeutscheBank) October 6, 2022 A few days ago, the Deutsche Bank announced that for the second consecutive year, it was awarded the title of the "Investment Bank of the Year of Western Europe" in The Banker's Investment Banking Awards 2022. The bank was successful not only in Europe but also in Asia. Deutsche Bank’s Indonesia team for winning Asiamoney's Best Corporate Bank in Indonesia award. Such a picture is very positive for the bank itself and its clients. Comment on the OPEC decision CNBC Now in its tweet cites a statement by the white house about the OPEC+ decision. JUST IN: White House says it is "disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is dealing with the continued negative impact of Putin’s invasion of Ukraine" (via @kaylatausche) https://t.co/KbCm80i2D3 pic.twitter.com/fKkP0mjKpI — CNBC Now (@CNBCnow) October 5, 2022   At yesterday's OPEC+ meeting, a decision was made to cut in production. There will be many reactions to this news, not only from the market. According to the White House, this is a bad decision in the face of the situation. The current economy is struggling with many problems, and cutting oil production may have different consequences. The company's commitment to workforce creation Goldman Sachs in his tweet recalls the statement Stephanie Cohen, Global Co-Head of Consumer and Wealth Management, on the company's commitment to workforce creation. Stephanie Cohen, Global Co-Head of Consumer and Wealth Management, discusses our commitment to building a diverse and inclusive workforce, our responsibility to the communities we serve and the strength of our business. Read more here: https://t.co/WzBCJL2o8R pic.twitter.com/UpwHXN4iu3 — Goldman Sachs (@GoldmanSachs) October 5, 2022   Readers can find out what is important to Goldman Sachs in building your workforce. Diversity in this environment is important for many, especially for young employees who count on personal development in such a company. Increasingly, it is becoming important to have a diverse environment that affects individuals as well as groups. Work in such an environment can be developmental for the employee and thus also for the company. The Goldman Sachs member emphasizes that this diversity is part of the responsibility for how they build relationships with customers and how they build their strength in the market. Getting to know this view of the company will positively influence its image.
At The Close Of The New York Stock Exchange 728 Securities Closed In The Red

US Stocks: Twitter Stock Price Is Like A Highspeed Rollercoaster!

FXStreet News FXStreet News 07.10.2022 15:54
Twitter stock fell nearly 4% on Thursday as the Elon Musk saga continues. TWTR stock now trading nearly 10% below the offer price of $54.20. Twitter still has surged from lows of $41 last week. Read next: Terra's Worker Arrested! White House Comment On The OPEC Decision And Success of Deutsche Bank | FXMAG.COM The will-he-won't-he saga appears to be nearing a conclusion, but it is not over the finish line yet. Market participants and investors look to be doubting the deal if the latest share price movements are anything to go by. Twitter is trading at under $50 now at $49.30 this morning in Friday's premarket. That is a near 10% discount to the offer price of $54.20. Given the deal is due to close shortly, that is a larger-than-usual deal approaching the finish line. Usually, merger arbitrage players would be all over such a discount so near to closure, but this deal has been clouded in uncertainty from the start. Extra caution is obviously being taken in valuing the probability of the deal going through. Twitter stock news Always the risk in writing about this one is that the news changes dramatically and quickly, but the latest appears to be that the Twitter trial date to try and force Elon Musk to go through with his purchase has been delayed to allow the deal to go through by October 28, according to the judge. That appears to be good news. "This action is stayed until 5 PM on October 28, 2022, to permit the parties to close on the transaction," wrote Chancellor Kathaleen McCormick of Delaware's Court of Chancery. The judge also said if the deal does not close by then, a trial date in November will be set. Various media sources carried news earlier on Thursday that Elon Musk's team had attempted to delay the trial on Thursday, but Twitter responded: "Twitter opposes Defendants' motion...The obstacle to terminating this litigation is not, as Defendants say, that Twitter is unwilling to take yes for an answer. The obstacle is that Defendants still refuse to accept their contractual obligations." Twitter Stock Price - "Technical analysis does not really apply to a merger arbitrage situation" The TWTR stock price is obviously volatile as a result of all this contrasting news and is likely to remain so. Will the deal get finished, and if so when? The risk-reward diminishes near the strike or take-out price of $54.20. Technical analysis does not really apply to a merger arbitrage situation. Twitter stock daily chart
This Week's Tesla Stock Split Could Be The Best Moment To Buy The Stock! Twitter Stock Price Plunged!

Tesla (TSLA) Stock Price Dropped Around 5.77% In Pre-Market Trading

Rebecca Duthie Rebecca Duthie 20.10.2022 15:23
Summary: Concerns that inflation & logistic difficulties may have slowed the EV manufacturer's development. Tesla fell short of automotive gross margin estimates. Tesla share prices down Tesla Inc. shares dropped by roughly 5% in pre-bell trading on Thursday as Wall Street analysts worried that growing inflation and logistical difficulties may have slowed the electric vehicle manufacturer's development. At least five brokerages reduced their price targets for the stock, with Wedbush Securities making the greatest reduction of $60 to lower its goal to $300 and citing softer deliveries in 2022. "The bullish narrative is clearly hitting a rough patch as Tesla must now prove again to the Street that the robust growth story is running into a myriad of logistics issues as opposed to demand softening," Wedbush analyst Daniel Ives wrote in a note. In premarket trade, the stock, which has lost 37% of its value this year, dropped 4.6% to $211.80. The company warned that difficulties it was having with logistics could prevent it from meeting its goal of a 50% increase in delivery volume this year in its quarterly results report. Elon Musk, the CEO of Tesla, acknowledged that "demand is slightly harder" than it would otherwise be on a post-earnings call, but he reiterated that the business was quite optimistic in having a record fourth quarter. Tesla fell short of automotive gross margin estimates despite increased selling prices for its vehicles due to manufacturing ramp-up costs at its new factories in Austin, Texas, and Berlin, Germany. However, other analysts believe Tesla will benefit greatly from the global transition toward electric automobiles. Elon Musk, Tesla's CEO, noted that demand was high while discussing the company's third-quarter profits. He did, however, issue a warning that deflationary tendencies in the economy were intensifying and that China and Europe were going through "a form of recession." TSLA Price Chart Sources: finance.yahoo.com, ft.com
Twitter And Elon Musk Faced A Growing List Of Claims

Twitter Belongs To Elon Musk! | Asia-Pacific Exposed To Losses | Some Advices About Financial Independence And Motivation

Kamila Szypuła Kamila Szypuła 28.10.2022 11:48
Today, a lot of information is contained in the word 'change'. Credit Suisse is planning a transformation and Twitter has changed hands. The change also affects developments, including cybersecurity. In this article: Cybersecurity Credit Suisse Motivating employees Financial Independence The Asia-Pacific situation The situation of Twitter Cybersecurity developments Morgan Stanley tweets about cybersecurity developments   The cybersecurity sector is rapidly growing and developing new ways to guard against sophisticated attacks. How can you take advantage of the long-term investment opportunity? Read here: https://t.co/14Auf7lio4 pic.twitter.com/BrqUjLz9v5 — Morgan Stanley (@MorganStanley) October 26, 2022 Currently, every user attaches great importance to online security. Strong passwords or anti-virus programs no longer excuse. As the world creates more data and accesses the web in more ways, cybercriminals find new vulnerabilities to exploit. For this reason, cybersecurity companies are constantly working on new methods of protection. Such a development is especially important for investors who spend their capital, usually quite large, on investments, and the protection of data and resources is the most important issue. For this reason, security in cyberspace is at the center of their attention. Transformation Credit Suisse in its tweet about its transformation.   Today, we unveiled our new strategy and transformation plan, which are based on a series of decisive actions to create a simpler, more focused and more stable Credit Suisse built around client needs. Find out more here: https://t.co/40CU4bUl6Q #CSresults pic.twitter.com/8xFjadtFsA — Credit Suisse (@CreditSuisse) October 27, 2022 Recently, the Swiss bank was full of negative news. Information about changes may evoke mixed emotions. But the company's efforts may prove helpful to its situation. How to motivate? In his tweet, Goldman Sachs promotes his podcast, which this time addresses the topic of motivating employees.   Chief CEO Carolyn Childers shares lessons on how founders motivate their teams on our latest #ExchangesGS podcast: https://t.co/s6hX5svc9c pic.twitter.com/JEDyvEw44n — Goldman Sachs (@GoldmanSachs) October 27, 2022 Motivating employees is a process and one of the management functions regulating the behavior of employed people, so that their actions contribute to the achievement of the company's goals. Thus, it is an important mechanism of every enterprise. new methods emerge with the development of the labor market and the environment of a given sector. Innovation in motivating employees is also important as well as in technology. Knowing what to motivate and what to avoid can bring positive results not only for the company but also for the individual employee. A sense of belonging and appreciation may turn out to be more important for such an entity than remuneration. How to become financially independent? Morningstar, Inc., in its tweet, informs about Kiersten and Julien Saunders’ the topic of the conversation.   ðŸÅ½™ï¸Â This week on The Long View: Kiersten and Julien Saunders, hosts of @richandregular, discuss their journey toward financial independence, the racial wealth gap, and getting off the social-media treadmill.Listen here: https://t.co/u1Z2TTxFlS — Morningstar, Inc. (@MorningstarInc) October 28, 2022 Recently, every young person is asking himself how to become financially independent and what to do to retire early. The life situation and finances are closely related in this type of conferences. Most people see obstacles to the achievement of such goals. Knowing the ways of people who have already achieved it can be information for others. Asia would be the biggest loser? CNBC tweets about the possible biggest loser in the markets - Asia.   Asia would be the biggest loser if the global economy splits up, IMF warns https://t.co/nPiXNEjOFY — CNBC (@CNBC) October 28, 2022 The IMF reports that Asia and the Pacific have more to lose than any other region. Growing geopolitical tensions (USA-China, Ukraine-Russia) mean that trade in Asia is significantly deteriorating. The fear of start-ups has increased not only in terms of GDP but also in the situation of individual companies. So can the IMF be right about the Asia-Pacific situation? Elon Musk is now responsible for Twitter CNBC Now informs about the situation of Twitter purchases by Elon Musk.   BREAKING: Twitter’s CEO and CFO are out as Elon Musk takes over the company, sources tell CNBC https://t.co/P8OaJAPMXg — CNBC Now (@CNBCnow) October 28, 2022 Recently, there is a lot of information about the takeover of twitter by Elon Musk. It turns out that there will be significant shortcomings of this. Twitter CEO Parag Agrawal and Finance Chief Ned Segal have both left the San Francisco headquarters and will not be back. Twitter is now in the hands of Elon Musk. The confirmation is added by the tweet of the CEO Of Tesla. Speaking of Elon Musk's purchases of Twitter, I mentioned it in an article in early October. the bird is freed — Elon Musk (@elonmusk) October 28, 2022 What could this mean for the plaform, will the acquisition be a benefit? Many questions arise about this. We can only know the answer when somethong heppen.
ECB press conference brings more fog than clarity

Elon Musk Closes Twitter Deal, Apple Reported Record Revenue, ECB May Turn Dovish

Rebecca Duthie Rebecca Duthie 28.10.2022 16:32
Summary: Elon Musk has finalized his $44 billion plan to take Twitter private. Record revenue was announced from APPL. Investors have been persuaded that the ECB may make a dovish turn. Elon Musk Closes $44bn twitter deal After months of legal fighting between the richest man in the world and the social media site, Elon Musk, he has finalized his $44 billion plan to take Twitter private, putting an end to one of the most high-profile and dramatic buyout sagas in recent memory. The billionaire businessman removed Twitter's chief executive, Parag Agrawal, and chief financial officer, Ned Segal, as soon as he assumed control on Thursday night. According to one source, Sean Edgett, Twitter's general counsel, and Vijaya Gadde, the company's head of law, policy, and safety, were also fired. Musk had first agreed to purchase Twitter for $54.20 per share in April. A few months later, he filed a lawsuit against the San Francisco-based business to cancel the agreement, claiming that the platform had misled investors and regulators about false accounts and cyber security. In an effort to pressure the billionaire to complete the transaction, the social media business retaliated and countersued, setting up a contentious court dispute and discovery process. Musk declared he was prepared to purchase the business at the agreed-upon price provided the legal action was withdrawn just weeks before the two were scheduled to square off in a Delaware court over the matter. The sale was finalized the day before, according to a regulatory filing from the New York Stock Exchange on Friday morning, and stock trading had been halted in anticipation of Twitter's delisting on November 8. In an effort to create a "super app" that combines messaging, payments, and commerce, Musk has pledged to reduce Twitter's workforce and operating expenses while fostering product innovation. Elon Musk has completed his $44 billion deal for Twitter. The company's CEO and CFO were terminated and escorted out of headquarters https://t.co/nsktVzuCtn pic.twitter.com/SBWTIzqPnx — Reuters (@Reuters) October 28, 2022 Apple (APPL) reports record earnings On Thursday, Apple (AAPL) released financial results for the fourth quarter of its fiscal year. Record revenue was announced, but important categories including the iPhone and services fell short of analyst projections. Actual revenue was $90.15 billion compared to the estimated $88.64 billion, and EPS came in at $1.29 vs the anticipated $1.26. Although the Mac sales and revenue beats are positive, the iPhone and iPad numbers may worry investors. Apple has recently taken a beating amid rumors that the company is reducing the manufacturing of the Phone 14 Plus and as it navigates a challenging week for tech in general. Like most tech companies, Apple is experiencing foreign exchange challenges brought on by a strong dollar, which is reducing overall income. A hawkish Fed, persistent inflation, and a consumer downturn that has lowered expectations for the forthcoming holiday season are all exerting pressure on tech businesses like Apple. $AAPL shares remain steady after reporting record Q4 revenue.“The Apple results were mixed, they were relatively strong enough,” @juleshyman says. “But not enough to salvage the whole tech earnings season and reassure investors.” pic.twitter.com/92fYGKeYYT — Yahoo Finance (@YahooFinance) October 28, 2022 ECB could be turning more Dovish Investors have been persuaded that the European Central Bank is about to make a dovish turn because of what appear to be merely minor changes in tone from Christine Lagarde and the governing council she chairs. In a post-council meeting press conference, the ECB president acknowledged that the eurozone was likely headed for a recession, which had long been assumed by the majority of economists. The markets quickly interpreted this to mean that the region's rate-setters would scale back the pace of rate increases. Following Lagarde's news conference on Thursday afternoon, interest rates on government borrowing plunged, and by day's end, the euro had fallen below parity with the dollar, wiping off some of its previous gains. Investors broadly perceived such e statements as indicating that the ECB will decrease its next rate increase to 0.5 percentage points, and they now believe that by next September, borrowing prices will be a quarter-point lower than they believed prior to the ECB's announcement of its policy. ECB convinces markets it is about to turn more dovish https://t.co/rCLmZ0WPD0 — Financial Times (@FT) October 28, 2022 Sources: finance.yahoo.com, twitter.com, ft.com
Franc Records 11th Consecutive Daily Decline Against the Dollar as US Economic Concerns Mount

Non-transparent ETFs Have Been Struggling, Elon Musk Making Many Changes To Twitter, Pfizer COVID-19 Revenues Rise

Rebecca Duthie Rebecca Duthie 01.11.2022 16:14
Summary: Since non-transparent ETFs were introduced two years ago, they have had difficulty gaining popularity. Elon Musk continues to make Twitter changes. Tuesday saw Pfizer increase its Covid-19 vaccine sales projection. Non-transparent ETFs Since the initial products were introduced two years ago, non-transparent ETFs have had difficulty gaining popularity among investors, according to data. According to Bryan Armour, director of passive strategies research for North America at Morningstar, portfolio-shielding ETFs had $4.4 billion in assets as of September 30, making up around 1.5% of the active ETF market. However, according to Morningstar data, only one ETF, the $2.1 billion Nuveen Growth Opportunities ETF, has roughly half of those assets. After attracting attention from companies including BlackRock, Capital Group, Nuveen, Columbia Threadneedle, and American Century, non-transparent ETFs were given regulatory permission in December 2019. On March 31, 2020, American Century introduced the first actively managed non-transparent ETFs. According to the American Century website, the Focused Dynamic Growth ETF currently has $121 million and the Focused Large Cap Value ETF currently has $200 million. According to Armour, non-transparent ETFs have seen a decline in market share among active ETFs this year. According to him, active ETFs have organically increased by 19.8% year to date through September, outpacing non-active ETFs by 11.7 percentage points. Non-transparent ETFs have had a difficult time amassing assets in part because large broker-dealers have been reluctant to add the products to their systems. UBS, Merrill Lynch, and Morgan Stanley Wealth Management all announced this year that they will begin providing a limited selection of portfolio-shielding ETFs on their platforms. Overall, Nate Geraci, president of The ETF Store, stated that investor response to opaque ETFs has been "lukewarm at best" and "downright cold" at worst. Portfolio-shielding active ETFs struggle to gain ground https://t.co/ksLUzKPPkN — Finance News (@ftfinancenews) November 1, 2022 Twitter CEO continuing to make changes The Wall Street Journal reported on Tuesday that Twitter Inc., which billionaire Elon Musk acquired last week, will no longer permit customers of its Blue service to see content without advertisements. In June of last year, Twitter Blue, the platform's first subscription service that provided exclusive access to premium features including the ability to edit tweets, was introduced. Subscribers had access to some publishers' articles without being interrupted by adverts through the service. Last month, the social media site in the US made an edit option available to premium subscribers. According to news sources, Twitter is preparing additional modifications to its $4.99 per month Blue subscription tier, including adding user authentication. Musk added that charging a charge was the best way to "fight the bots & trolls" in a response to author Stephen King on Tuesday, asking if $8 was a price he would pay to be a verified user. $TWTR platform changes under Elon Musk “is literally like throwing spaghetti on the wall and seeing what sticks,” @binance CEO @cz_binance says, adding: “There should be new features every month, every week, every day.” pic.twitter.com/iUsW6pGH9C — Yahoo Finance (@YahooFinance) November 1, 2022 Pfizer revenue rises due to increase in COVID-19 vaccine sales Tuesday saw Pfizer increase its Covid-19 vaccine sales projection by $2 billion to $34 billion as higher pricing offset a drop in demand outside of the US. The US manufacturer claimed that high sales of several of its other medications and its bivalent booster, which targets the dominant strain of the Omicron type, helped it to somewhat offset the negative effects of a strong dollar. As a consequence of third-quarter results that exceeded analysts' estimates and allayed fears about waning demand for Covid products, the business kept its full-year target of $22 billion for sales of the Covid antiviral medication Paxlovid. Shares of Pfizer increased 3.5% in pre-market trading to reach $48.10. Pfizer reported third-quarter sales of $22.6 billion, which were more than experts had anticipated but were down 6% from the same period a year earlier when the pandemic was at its worst. The business raised its estimate for full-year 2022 earnings to a range between $6.40 and $6.50 per share. Additionally, it reduced its projected revenue to a range of $99.5 billion to $102 billion. 💉 Pfizer raises revenue view on higher-than-expected Covid-19 vaccine sales https://t.co/XlgVgQiGGl via @WSJ $PFE is +3.22% in pre-market trading. — Yahoo Finance (@YahooFinance) November 1, 2022 Sources: Twitter.com, ft.com, finance.yahoo.com
Apple Stock Price, Microsoft, Amazon And Tesla (TSLA) Added A Lot Since July! How Deep Could EUR/USD Drop?

Telsa (TSLA) stock price has tanked 12% since Musk took control of Twitter (TWTR) on October 27

Rebecca Duthie Rebecca Duthie 08.11.2022 18:59
Summary: Twitter does not make money like Tesla. The serial entrepreneur made an effort to reassure Tesla's supporters and investors . Investor confidence in Musk is lacking The maker of high-end electric vehicles appears to be going through a similar experience to that of an orphaned kid or a beloved who has fallen from grace. Elon Musk, the company's dynamic and forward-thinking co-founder and CEO, appears to have lost interest in it. Put the blame on Twitter (TWTR), which needs a lot of attention due to its enormous influence on public and political life. While Twitter does not make money like Tesla, it is nonetheless seen as our generation's equivalent of the town square, where trend-setters and opinion leaders congregate. Twitter sets the daily political agenda and the conversational subjects that eventually predominate in mainstream media coverage. Responsibility also comes with this authority. You are responsible for the content management policy, which requires constant vigilance. Any error in the content that is put on the platform has the potential to spark controversy, which can be difficult and time-consuming to resolve. Musk paid too much for Twitter—$44 billion. As part of the leveraged buyout, the billionaire owes around $13 billion in debt, which is secured by his remaining Tesla stock. He has been looking for ways to make money for the social network since he took control on October 27. But as Musk becomes more active on Twitter, Tesla's stock price declines. At the Baron Investment Conference on November 4, the billionaire claimed that since he bought Twitter, his workload had increased from "78 hours a week to perhaps 120." The serial entrepreneur made an effort to reassure Tesla's supporters and investors by claiming that he was still actively involved in the company's management. The message didn't reassure anyone. Since that time, Wall Street has seen a continuous decline in the price of Tesla stock. Tesla shares dropped to $196.66 at the close of trade on November 7—their lowest price in 52 weeks. Since Musk sealed the Twitter agreement on October 27, Tesla stock has fallen 12.4%. Tesla shares have lost a total of 41.2% of their value, or $197.08, since Musk revealed his offer on April 25. This results in a market value decline of about $436 billion. The holding company of renowned investor Warren Buffett, Berkshire Hathaway (BRK.A), surpassed Tesla on November 7 to become the sixth-largest corporation in the world by market capitalization. TSLA Price Chart Sources: finance.yahoo.com, thestreet.com
The Japanese Yen Retreats as USD/JPY Gains Momentum

Elon Musk seems to be determined in applying his ideas

Walid Koudmani Walid Koudmani 18.11.2022 08:55
UK Retail sales show signs of improvement Retail sales in the UK rose by 0.6% in October compared to the expected 0.5% increase and previous 1.5% decline as British consumers managed to recover slightly despite rising inflation and the ongoing cost of living crisis. While this may appear to be a positive sign, there is still a long way to go before the economic picture begins to look brighter, particularly after yesterday's statement from Chancellor Jeremy Hunt referring to a recession. The pound is starting Friday's session attempting to hold onto some gains with GBPUSD pair testing the 1.19 area after pulling back to 1.175 yesterday. Meanwhile, the FTSE100 remains in the 7370 points area and it remains to be seen if it will be able to extend the upward move or fall further as investors continue to be uncertain. Read next: NVIDIA (NVDA) Q3 earnings results outperformed part of the markets forecasts| FXMAG.COM Twitter saga continues as offices close  Twitter's turbulent story continues after Elon Musk's company just announced the closing of its offices effective immediately until next week. The decision came as a surprise to many, including the employees who were told to comply with company policy. This adds further uncertainty and skepticism as to how the new owner intends to transform the business that took months to acquire while continuing to be a controversial figure. While Twitter stock is no longer available on the market, this is certainly an interesting situation as it could have ramifications and effects on the market as a whole with many holding varying opinions on the matter. In either case, it seems that Elon Musk is willing to take chances and act in unexpected ways if it means achieving his vision for Twitter even if it costs him employees.
Dr. Copper: Building a Foundation Amidst Commodity Challenges

Elon Musk net worth has dropped by 37% in 2022

Rebecca Duthie Rebecca Duthie 22.11.2022 19:46
Summary: Musk hasn't been the same since he lost his position at the $200 billion club. Tesla shares are being weighed down by Musk’s twitter takeover. Musk’s fortune is declining with Teslas share value He was the only member for more than ten months of the world's most exclusive financial club, which has never had more than two members present at once. Up until a few weeks ago, the CEO of Tesla - Get Free Report and owner of the microblogging website Twitter had been a frequent visitor there. The $200 billion club that is. Musk hasn't been the same since he lost his position there. If the eccentric visionary is still the richest man in the world, his money has been declining. According to the Bloomberg Billionaires Index, Musk possessed a fortune of $170 billion as of Nov. 21. But this year, his net worth dropped by $101 billion, or 37%. Since Musk announced his takeover attempt on April 25, Tesla shares have dropped nearly 50% to $167.87, resulting in a $525 billion decline in market capitalization. Tesla shares have fallen 25% after the billionaire closed the Twitter transaction on October 27, representing a loss in market value of $180 billion in less than a month. The price of Tesla shares is down 52.4% overall for the year. Since Musk took on $13 billion in personal debt to fund the acquisition, his early moves at Twitter produced confusion, which made it even harder for him to turn the site profitable as soon as possible. He implemented waves of layoffs, issued a deadline to workers, and reactivated the account of former President Donald Trump, who had been blocked by the social network following the events of January 6, 2021 on Capitol Hill. Two-thirds of the staff, or 5,000 workers, left as a result of all this. The seasoned businessman recently said that since gaining control of Twitter, he had little time to sleep. The ongoing decrease in Tesla stock, which accounts for a sizable portion of Musk's wealth, is hurting him. Sources: finance.yahoo.com, thestreet.com
Euro eyes Services PMIs

Twitter’s closure of Brussels headquarters raises concerns

Rebecca Duthie Rebecca Duthie 24.11.2022 15:52
Summary: Elon Musk shut down Twitter's entire Brussels headquarters. Concerns about whether twitter has the manpower to ensure adherence to local legislation. Twitter sparking online safety issues After a disagreement over how the social network's content should be regulated in the Union, Elon Musk shut down Twitter's entire Brussels headquarters. According to the Financial Times, Julia Mozer and Dario La Nasa, who were in charge of Twitter's digital policy in Europe, left the business last week. The executives were instrumental in getting the business to abide by the landmark EU Digital Services Act, which went into effect last week and established new guidelines for Big Tech companies to protect users' privacy online. At the beginning of the month, other executives had already left the tiny Brussels headquarters after Elon Musk cut the number of employees in the company in half, from 7,500 to about 3,750, in the weeks following his £38 billion takeover. The CEO of Tesla and SpaceX tweeted that "the bird is liberated" after completing his platform acquisition. Thierry Breton, a European commissioner, curtly reminded everyone of the EU's content-moderation standards shortly after that and said, "In Europe, the bird will fly by our rules." As he began a hiring push, Mr. Musk had previously stated that Twitter's recent round of layoffs would end this week. Twitter’s global legislation The departures from Brussels are indicative of a global trend that started in India and moved to France, where regional Twitter executives who held important positions dealing with government officials suddenly left the company in recent weeks as a result of sweeping layoffs. This has raised concerns about whether the business has the manpower to ensure adherence to local legislation intended to monitor internet material, raising the possibility of legal action and regulatory action against the business. Data showing a 5% annual decline in hate speech removals from Twitter was released by the European Commission on Thursday. These problems come as Musk's attempts to overhaul Twitter's operations have encountered difficulties, particularly with regard to the user identity verification process. Sources: finance.yahoo.com, ft.com
EUR Under Pressure as July PMIs Signal Economic Contraction

Farmers In China Suffer From Covid Restrictions

Kamila Szypuła Kamila Szypuła 28.11.2022 11:53
The covid situation in China remains in the spotlight. The topic of interest rates is addressed this time from the point of view of an ordinary citizen, not economies and central banks. In this article: The impact of Covid restrictions in China on farmers Japan Software/IT Service Sector What to do with money with rising rates New user signups to Twitter Destroy crops Ole S Hansen tweets about the impact of Covid restrictions in China on farmers China’s strict Covid controls are leaving farmers with no option other than to destroy crops they can no longer sell, triggering concerns about food shortages and stirring outrage on social media https://t.co/O7QzUewW4d via @markets — Ole S Hansen (@Ole_S_Hansen) November 28, 2022 The situation caused by the covid pandemic has significantly affected the codes of economies around the world. The recent spike in virus infections in China has prompted a strong response from the government, which has taken specific measures. From creating covid camps to strong restrictions. What is happening in the second world economy affects the situation on global markets and local markets. The author of the tweet emphasizes that this situation has a negative impact on farmers who are deprived of a market. Farmers, unable to sell and unable to store, decided to destroy the crops. Such actions will have an effect on food production, may increase imports and also directly increase costs for farmers themselves. Japan Software/IT Service Sector UBS tweets about Bank of Japan forecasts. What is the Bank of Japan’s outlook for the software sector? Find out the results of their short-term industry survey in our #UBSResearch report. #shareUBS. — UBS (@UBS) November 28, 2022 What is the Bank of Japan’s outlook for the software sector? The answer to that question is in this tweet. Investments do not have to take place in the financial markets. Investment is also an investment in development and science. We can expect Bank of Japan to plan investments in software. What to do with cash now? Morningstar Inc tweets about Christine Benz and Susan Dziubinski discussion about the best places to park your cash. A silver lining amid rising interest rates: Many savings vehicles now offer higher yields than they have in a long time.Watch as @christine_benz and Susan Dziubinski discuss the best places to park your cash while interest rates rise. https://t.co/Ul5qbLkRDu — Morningstar, Inc. (@MorningstarInc) November 27, 2022 Fighting inflation is hard. Rising interest rates have a negative impact on the average citizen. Everyone tries to protect themselves financially, but in such situations it is difficult. Therefore, everyone decides to save as much as possible. It's important not to go overboard with cash savings, mainly because it's dead money when adjusted for inflation. An online savings account is a good option for those who are looking for a profit but need regular access to this money. Whether this option is the best can be found out from this tweet. 66% Up Reuters Business in its tweet recalls Musk's words. WATCH: Elon Musk said new user signups to Twitter were at an 'all time high,' averaging over two million per day in the last seven days as of November 16, up 66% compared to the same week last year https://t.co/ta1vW74fgI pic.twitter.com/zYJaKjHzTB — Reuters Business (@ReutersBiz) November 28, 2022 Ever since Elon Musk took over Twitter, there's been a lot of talk about it in the media. This time, information about new user signups to Twitter appeared in the media. They turned out to be high, which is why the new CEO boasts about it.
RBA Governor Announces Major Changes at RBA Board as US Inflation Expected to Decline

Limiting The Availability Of Elon Musk's App In The App Store Could Be A Significant Blow For Twitter

Conotoxia Comments Conotoxia Comments 30.11.2022 15:16
Elon Musk wrote on the platform he owns: "Apple has mostly stopped advertising on Twitter. Do they hate free speech in America?" and "Apple has also threatened to withhold Twitter from its App Store, but won't tell us why". In response to presenter Liz Wheeler's tweet, he in turn announced: "I certainly hope it doesn't come to that, but yes, if there is no other choice, I will make an alternative phone." What can Tesla afford to do? Elon Musk is famous for accomplishing things that seem impossible. From launching rockets into space that still return to earth on their own, to creating the Starlink internet, to buying Twitter shares for more than $40 billion. Wouldit now actually challenge the iPhone maker? Let's try to come down to earth and compare the capabilities of the billionaire Tesla's biggest company (Tesla) and Apple (Apple). There is no denying the tremendous growth rate of the electric car manufacturer. The company's revenue growth was 55.9% year-on-year and operating profit rose by 84% in the same period. The manufacturer's net margin now stands at 14.95%, with an average of 7.5%. - according to Statista. The company additionally has as much as US$21.1 billion in cash and cash equivalents to spend on research and development. However, it seems that producing another smartphone with its own system (independent of Apple or Google) would not happen overnight. Therefore, even if the decision had already been taken, we would have seen the results, as with electric cars, after a few years. It seems that investors have recently become pessimistic about the future of Tesla's shares, which have fallen by more than 55% since their peaks. Source: Conotoxia MT5, Tesla, Weekly Apple still with no official response The company of the smartphone manufacturer, among others, has not yet issued an official response. However, it seems that the action limiting the availability of Elon Musk's app in the App Store could be due to the company's policy regarding the quality of Twitter's verified content. Excluding the app from access to iPhone users and reducing advertising spend on that platform could be a significant blow. According to ad management firm Pathmatics, Apple was the top advertiser on Twitter in the first quarter of this year, spending around US$48 million on advertising here, which accounted for around 4% of the company's total revenue. Source: Conotoxia MT5, Apple, Weekly Apple is currently the world's highest valued company with a capitalisation of US$2.25 trillion. It also boasts satisfactory results. Revenues are up 8% year-on-year and operating profit is up 4.66%. The company appears to be leveraging its competitive advantage with a high net margin of 25.31%. Meanwhile, according to the Gurufocus platform, the average for the technology sector is 19.6%. An additional advantage for the manufacturer with the bitten apple symbol is USD 48.3 billion in cash and cash equivalents. Looking at the data presented, it seems that creating a new smartphone that enters mass production, maintains standards and gains global popularity may be even more challenging than producing an electric car. Therefore, it seems possible that the conflict would be resolved in the coming weeks. Otherwise, Twitter could be the biggest casualty. Grzegorz Dróżdż, Junior Market Analyst of Conotoxia Ltd. (Conotoxia investment service) Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75,21% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Twitter And Elon Musk Faced A Growing List Of Claims

Unconventional Measures Taken By Musk In Managing Twitter

Kamila Szypuła Kamila Szypuła 07.12.2022 14:58
Elon Musk surprises once again with his actions against Twitter management. Investors are looking a little more positively at Europe, spurring a revival in the region's downward equities. Read next: The Australian Dollar Failed To Hold Its Gains, The Pound Strengthened Against The US Dollar| FXMAG.COM Sharing internal messages Elon Musk bought Twitter for $44 billion more than six weeks ago. Since then, there has been a lot of talk about his actions towards this social networking site. Employees faced weeks of unrest, including the firing of half of Twitter's staff and sudden decisions on product plans. Musk said he thinks of Twitter as a digital urban market. Since taking over the platform, he has pulled a few levers to ensure that the Twitter conversation is also about Twitter. One of Twitter Inc.'s top lawyers "was exited," part of the fallout from the billionaire's unusual efforts to release internal communications to criticize prior practices. On Tuesday, Musk's tweets linked the departure to a project he dubbed "Twitter Files" - a disclosure of internal communications he characterized as showing partisan decisions by the previous leadership to the benefit of Democrats, for example. The documents are being published as evidence of claims that major social media platforms are biased against the political right. Twitter's own researchers said in a report last year that the platform's algorithms boosted the voices of the political right in several countries, including the US. Musk said he gave journalists Matt Taibbi and Bari Weiss access to company documents in order to rebuild public trust in Twitter. Sharing internal messages with outside control is another example of unconventional measures taken by Musk in managing Twitter. Prior to Elon Musk's share of Twitter, the stock fell, but has been on the rise since then. Currently, the TWTR share price is 53.35. Positive sentiment The benchmark Euro Stoxx 50 index gained nearly 19% this quarter, putting it on track to achieve its best quarterly results. Sentiment has improved after a period of extreme pessimism towards Europe sparked by the invasion of Ukraine, the subsequent spike in energy prices and the highest inflation in decades. Investors and analysts say market sentiment is improving thanks to early signs of easing inflation in the eurozone and hopes that the fight for alternatives for Russian natural gas reduced the risk of an energy crisis this winter. Russia was the European Union's largest energy supplier, exposing the region to the upheavals caused by Western sanctions. Some of Europe's best-performing companies this quarter are in the industrials sector. These companies were among the hardest hit by gas supply disruptions and energy price spikes, with many companies temporarily closing factories or reducing production. France's Alstom SA shares rose 43% this quarter, while Siemens Energy AG shares in Germany rose 42%. Chart: Alstom SA Chart: Siemens Energy AG Source: wsj.com, finance.yahoo.com
Bank of England: Falling Corporate Price Expectations May Signal Peak in Rate Hike Cycle

US Government Scientists Have Made A Breakthrough | Elon Musk And Shutting Down IP Addresses Of Known Bad Actors On Twitter

Kamila Szypuła Kamila Szypuła 12.12.2022 11:17
A new week has begun and the markets already know it's going to be a busy week. With economic events, there was information about breakthrough scientists, in addition, topics that are observed from the place, i.e. the development of events in Ukraine, and in recent weeks, the subject of arousing a lot of emotions, i.e. Twitter management by Elon Musk. Read next: NASA’s Orion Spacecraft Splashed Down. Situation Of European Food Delivery| FXMAG.COM In this article: Clean power hopes The war in Ukraine news Twitter news US scientists boost clean power hopes This year has shown that nothing is certain. Countries dependent on Russia for energy are struggling with problems, an energy crisis. US government scientists have made a breakthrough in the quest for unlimited, zero-carbon energy by achieving a net energy gain in a fusion reaction for the first time. The breakthrough in the United States comes as the world grapples with high energy prices and the need to quickly phase out the burning of fossil fuels to prevent global average temperatures from reaching dangerous levels. Although many scientists believe that fusion power plants are still decades away, the potential of the technology is hard to ignore. Nuclear energy has recently become more popular. According to scientists, it can be cheaper, available to every country (not becoming dependent on others as in the case of gas), and also environmentally friendly. This breakthrough is only the beginning of the road, but it indicates that it may be closer than further. US scientists boost clean power hopes with fusion energy breakthrough | Financial Times https://t.co/EHYaMx6eXM — Bespoke (@bespokeinvest) December 11, 2022 Heavy losses reported among Russian mercenaries in Luhansk The war in Ukraine has been ongoing for 10 months. Fighting in eastern and southern Ukraine remains intense. Ukraine proves that it is not weak and continues to fight despite difficult conditions. Large parts of Ukraine continue to face power shortages over the weekend after successive Russian attacks on energy infrastructure. Heavy fighting in the east and south of the country continued uninterrupted as drone and missile attacks hit key energy infrastructure. Drone attack on Odessa left 1.5 million people without power. One Ukrainian official claimed over the weekend that Russian mercenaries belonging to the suspected "Wagner Group" suffered heavy casualties after Ukrainian forces attacked the hotel they used as their headquarters. There are no peace talks and no end to what Moscow describes as a "special military operation" in Europe's deadliest conflict since World War II. Russia's ostensible military goals of "liberating" eastern Ukraine and extending its control over the southern regions of Zaporizhia and Kherson are unlikely to succeed as recent events show. Heavy losses reported among Russian mercenaries in Luhansk; global leaders to discuss more sanctions https://t.co/gUryYEClns — CNBC (@CNBC) December 12, 2022 Turning off the ip addresses of known "bad actors" on twitter Ever since Elon Musk took over Twitter, his name has been constantly in the news. His unique methods of managing the social network arouse a lot of emotions. Recently, there has been a lot of talk about "Twitter Files", i.e. The documents are being published as evidence of claims that major social media platforms are biased against the political right. The published post about turning off the ip addresses of known "bad actors" on twitter bots also has two sides. There are people who think that this action is pointless and restricts freedom of speech, but there is another side of this coin who believes it is a step in the right direction . MUSK SAYS "SHUTTING DOWN IP ADDRESSES OF KNOWN BAD ACTORS TODAY" ON BOTS ON TWITTER — *Walter Bloomberg (@DeItaone) December 11, 2022
US stocks gain on hopes of a softer inflation print released later today

Elon Musk is not the richest man in the world anymore

Pawel Zapolski Pawel Zapolski 14.12.2022 12:45
Elon Musk has lost his position as the richest man in the world. Tesla 's valuation has fallen more than 50% this year. And this may be just the beginning of the billionaire's problems. Just a year ago, no one would have guessed that the creator of Tesla Elon Musk will be in trouble. But that's what's happening. The most momentous proof of this is that he has just lost his position as the leader in wealth. Here is what the top 10 richest according to the Bloomberg Billionaires Index look like now: Elon Musk has lost as much as $107 billion since the beginning of the year! Of course, the market is not a good time for tech companies, as investors have been shedding their shares for over a year in the face of rate hikes. However, the loss of one-third of assets in a year is due to more than just bad sentiment towards growth companies, which include Tesla. Read next: A powerful technology company bought shares in the London Stock Exchange What does Elon do Musk ? Fixes Twitter ... Recall that Elon Musk completed the acquisition of Twitter in October 2022 . The transaction amounted to USD 44 billion. Musk once boasted that he devoted many hours to Twitter , and half of his tweets were created ... during a visit to the toilet (during "sitting on the porcelain throne"). Musk liked Twitter so much that he decided to take over and "fix" it, because this company cannot boast of good financial results. Elon After taking over Twitter , Musk focused on quite nervous management. First, in one day, he fired half of the employees, from which he then withdrew. He proposed a new subscription model ($8 a month fee for account verification), which he later partially backed off again. Kudos to him for starting a crusade against Twitter bots. …meanwhile, Tesla lost half its value on the stock market Interestingly, Musk announced the acquisition of Twitter in mid-April 2022, and from that moment the market began to overestimate Tesla shares. The electric car maker's share price has fallen by as much as -58% this year, while the Nasdaq 100 index has fallen by -28%. According to S3 Partners, a Wall Street analytics company , investors betting on the decline in Tesla shares have already earned USD 11.6 billion in 2022. This is a good result, with USD 19.6 billion invested in "short" positions. Tesla stock against Nasdaq 100 - 2022 Source: TradingView And indeed, the market was right to be concerned about Tesla's business in the event of Musk's takeover of Twitter . In recent months, the company has been accused of lying about its self-driving feature . Their Autopilot and Full Self-Driving (FSD) features have been recognized as advanced driver assistance systems, not fully autonomous driving systems. Besides National highway The Traffic and Safety Administration is investigating accidents involving Tesla cars that were just driving using autopilot and FSD. Of course, the company had temporary production problems in China, but that's not Musk's fault. But it is worth noting that it is starting to lose the battle for the Chinese EV market , e.g. with BYD. Currently, Tesla shares are trading 32x next year's profits according to the consensus of analysts, and this is one of the lowest levels of this indicator for this company in history. Tesla shareholders are furious with Elon Musk Tesla investors are getting furious with Elon Musk for "playing" with Twitter instead of trying to put out a fire. "Tesla has no CEO today," hedge fund manager Gary Black tweeted Future Fund, which owns Tesla shares worth about $50 million. Tesla shareholders thunder on social media that Elon Since the beginning of the year, Musk sold shares of this concern for USD 19 billion just to finance the dilapidated Twitter . “The Tesla brand has been negatively affected by Elon Musk is doing with Twitter and on Twitter . Previously, Tesla EV buyers were proud to own the car, but now, due to the owner controversy, they no longer have it,” notes Black. Certainly Tesla's left-leaning customers don't like Donald Trump's return to Twitter: Ross Gerber, a longtime Tesla investor, also accused Musk of "working for another company." “Tesla is great and deserves a CEO focused on it. It would be good to know what Elon Musk's plans are for Tesla in general," Gerber said, quoted by the WSJ. Read next: John Hardy (Saxo Bank): I don’t think any single inflation print will unsettle the BoE here, just look at the huge recovery in sterling from the lows | FXMAG.COM Moreover, Elon Musk also neglects SpaceX . NASA chief and former astronaut Bill Nelson revealed last week that SpaceX is actually run not by Musk, but by COO Gwynne Shotwell . In short, Elon Musk has taken to Twitter , and it's hurting his image and his companies. Will he turn back this way? We'll see. The question is where will Tesla's share price be when it finally decides to do so...
Adidas And CALT Results Will Be On Watch, China’s Modest Growth Targets For 2023

Elon Musk sells, Tesla declines. According to FXStreet, stock price may fall to $128.50

FXStreet News FXStreet News 15.12.2022 16:10
Tesla CEO Elon Musk has reportedly sold $3.6 billion worth of TSLA stock. Elon Musk's selling caused Tesla stock to decline in price this week in contrast to the NASDAQ. TSLA shares have fallen 11% in the past five sessions against the NASDAQ's 2% gain. Tesla stock is near support at $154 but could drop to $128.50. Tesla (TSLA) continues its December slide on Thursday a day after it was revealed that CEO Elon Musk has sold out $3.6 billion worth of shares. The news makes the past week's TSLA price action more sensible as observant traders wondered aloud why Tesla kept selling off despite the NASDAQ climbing higher. Tesla stock is down around 2% in Thursday's premarket, even reaching below long-term support at $154. Tesla stock news: Elon Musk sells 20 million shares In the three sessions between Monday, December 12, and Wednesday, December 14, Elon Musk sold about 20.2 million shares of Tesla stock. These sales ranged from a high of $176.70 to a low of $156.14. Musk began the week with 443.8 million shares of TSLA and ended Wednesday with 423.6 million shares. Altogether these sales brought in about $3.58 billion in cash. Elon Musk has sold a total of about $40 billion worth of Tesla stock in the last year, most of which went to fund his takeover of Twitter. This selling has resulted in TSLA stock losing 11% over the past five sessions compared with a 2% gain for the NASDAQ. Tesla has lost 17% over the past month and now 61% for the full year. "It doesn't put a lot of confidence in the business, or speak volumes for where his attention is at," wrote Tony Sycamore, an analyst at IG Markets. This stock performance is beginning to leave bulls with anxiety. Tesla stock has been suffering from Musk's focus on Twitter for months now. Since fully taking over the social media platform six weeks ago, Musk's constant flurry of shockingly partisan political tweets have made some analysts lose faith in his leadership abilities. Recently, he tweeted: "My pronouns are prosecuted/Fauci", in reference to the main covid advisor during the Trump and Biden administrations. Noted long-time Tesla bull Dan Ives of Wedbush Securities was quite blunt on the matter of Musk's activity: "The Twitter nightmare continues as Musk uses Tesla as his own ATM machine to keep funding the red ink at Twitter[,] which gets worse by the day as more advertisers flee the platform with controversy increasing driven by Musk." RBC Capital Markets cut its price target early Thursday from $325 to $225, saying that the market was slowly getting its head around the reduction in gross profit margins. Morgan Stanely is also rather melancholy about the electric vehicle industry of late. The storied investment bank cut its global EV share estimate to 11.8% for 2023 compared to 10.1% in 2022. Its estimates going out to 2050 were trimmed as well. The bank noted that Lucid Group (LCID) has been receiving lower reservations and cancellations and that Rivian Automotive (RIVN) has halted reporting reservations entirely. "We are preparing for a challenging FY23 outlook for auto earnings on demand decline (higher rates), deflation (lower price/mix) and unfavorable changes in the supply/demand balance for EVs," wrote Morgan Stanely analyst Adam Jonas in a note to clients earlier this week. Tesla stock forecast: If $154 cannot hold, then $128.50 is next Tesla stock fell below the $154 support level in Thursday's premarket, which is probably a bad omen for bulls. The $154 level served as resistance back during August and October 2020, and the hope was that it would reemerge as support. The next available historical support price available to cushion a further fall is all the way down at $128.50. This one comes from the level that saw support during that same period in the second half of 2020. Additionally, a year-old descending trendline that goes back to December 2021 leads the TSLA share price toward this $128.50 level. TSLA 1-week stock chart
Twitter And Elon Musk Faced A Growing List Of Claims

Elon Musk Has Reinstated The Twitter Accounts Of Several Journalists | According To Jim Cramer, Caterpillar Stocks, Illinois Tool Works And CSX Are Noteworthy

Kamila Szypuła Kamila Szypuła 18.12.2022 20:34
With the end of the year, I look at what may happen in 2023. JP Morgan looks at finance from the economic side and what affects it, and Jim Cramer traditionally focuses on the stock market. In this article: Outlook Of 2023 by JP Morgan Jim Cramer’s look at stock market Elon Musk And Twitter Outlook 2023 Most of the things that could go wrong for investors happened in 2022, driven by high inflation, an aggressive cycle of interest rate hikes around the world, and the war in Ukraine. Remarkably, both stocks and bonds suffered heavy losses in 2022 – one of the worst years in the history of a balanced portfolio. Lower stock valuations and higher bond yields offer investors the most attractive entry point into a traditional portfolio in more than a decade. All this will be reflected in the new year. JP Morgan takes into account key economic and market factors in this year's forecast - the consequences of monetary policy tightening, the weakening of the global economy, market prices and valuation resets Higher rates. Weaker growth. Valuation resets. Explore what these key economic and market forces may mean for investors. — J.P. Morgan (@jpmorgan) December 16, 2022 Read next: Rise Of The Attractiveness Of Living In Cities – Urbanization| FXMAG.COM Jim Cramer’s look at stock market Jim Cramer looks at market action, this time specifically industrial stocks. The specialist looks at the situations of individual companies and assesses their attractiveness. His tips can be helpful for investors, especially those who are starting their adventure with this market. Jim Cramer on Friday identified three industrial stocks that he believes are worth owning next year “CAT has much more exposure to infrastructure, and I think they’ve got a boost from the oil and gas industry coming,” Cramer said. According to a specialist, companies such as Caterpillar, Illinois Tool Works and rail operator CSX are noteworthy. Here is why @JimCramer sees more upside ahead for Caterpillar in 2023. https://t.co/CmEl3RctII — Mad Money On CNBC (@MadMoneyOnCNBC) December 17, 2022 Elon Musk And Twitter For the past two months, Elon Musk's attention has been focused on the development of Twitter, which he purchased in late October. Since then, his activities on this social networking site have been watched with special attention. Not only on Twitter, but also after it. One such action was blocking the accounts of journalists. The suspensions stemmed from disagreements over a Twitter account called ElonJet that tracked Musk's private jet using publicly available information. On Wednesday, Twitter suspended the account and others that tracked private jets, despite Musk's earlier tweet saying he would not suspend ElonJet in the name of free speech. Soon after, Twitter changed its privacy policy to prohibit the sharing of "live location information." Then on Thursday night, several journalists, including those from the New York Times, CNN and the Washington Post, were suspended from Twitter without notice. The episode, which one high-profile security researcher called a "Thursday night massacre," is regarded by critics as new evidence that Musk considers himself a "free speech absolutist," eliminating speech and users he personally dislikes. Now it has been reported that Elon Musk has reinstated the Twitter accounts of several journalists who had been suspended for a day in connection with the controversy over publishing public data about the billionaire's plane. The reinstatement came after unprecedented suspensions prompted heavy criticism on Friday from government officials, advocacy groups and journalistic organizations in several parts of the world, with some saying the microblogging platform threatened press freedom. Elon Musk reinstated the Twitter accounts of several journalists that were suspended in a controversy over publishing public data about the billionaire' s plane https://t.co/MPaQFmEp3Q pic.twitter.com/V6ipgraOpY — Reuters Business (@ReutersBiz) December 18, 2022
Saxo Bank Podcast: The Risk Of An Escalation In The US-China Confrontation, The Risk Of An Escalation In The US-China Confrontation And More

Russian Drones Attacked Kyiv Again | Most respondents do not want Musk

Kamila Szypuła Kamila Szypuła 19.12.2022 12:40
The beginning of a new week brings surprising news. Yesterday, the eyes of the world were on the 2022 World Cup final. The Argentines and the fans supporting the team celebrated yesterday. But this morning news came from Ukraine, which is still struggling with the occupiers. The war in Ukraine also has consequences on the energy market, OPEC's actions are not in favor of the UAE. Elon Musk still in the spotlight. In this article: Russia attacked again Musk’s polls The UAE and OPEC Russia attacked again Russia launched 35 "kamikaze" drones into Ukraine in the early hours of Monday as many people were asleep, damaging critical infrastructure in and around the capital, Kiev. The attack is Moscow's third air attack on the city in six days. The governor said three areas in the region were left without power after that Ukraine war live updates: Russian drone attack takes out power supplies in Kyiv; Ruble tumbles https://t.co/8dVyqymLa9 — CNBC (@CNBC) December 19, 2022 Read next: The Disney Challenges Now Belong To Iger, Ford And Arguments For A New Trial In A Truck Overturning Case| FXMAG.COM Musk’s Twitter polls Elon Musk knows how to focus attention and even keep it for a longer time. Yesterday there was a lot of publicity about his actions against the accounts of journalists. On Sunday, Twitter's new owner and CEO, Elon Musk, posted an informal poll of users of the social media platform asking if he should step down as head of the company. Sunday's poll by Musk followed an online backlash after "Chief Twit" (as he called himself) made abrupt changes to rules affecting Twitter users last week. Twitter polls are straw polls, meaning they are informal and not comparable to professional opinion polls. Malicious bots or unauthentic accounts may also be able to record a response to a Twitter survey. The majority of respondents (57.5%) were in favor of the billionaire leaving office. Should I step down as head of Twitter? I will abide by the results of this poll. — Elon Musk (@elonmusk) December 18, 2022 The UAE and OPEC The United Arab Emirates is a key member of the Organization of the Petroleum Exporting Countries. The UAE has been irritated by OPEC restrictions before, in 2020 and 2021. Currently, the state can only pump 3 million barrels a day, well below its 4 million barrels. It is even further below the 5 million barrels daily production target. The seemingly current OPEC cuts are meant to offset the risk of oil prices falling as the US and Europe enter recession. President Mohammed bin Zayed al-Nahyan, known as MbZ could change that by quitting, as Qatar did in 2019. The UAE would then get the proceeds from being able to pump whatever it likes, while also benefitting from a warm fuzzy glow in the eyes of the United States and its allies. Officially, OPEC believes that oil demand will continue to grow until 2035, and it would be awkward to drop OPEC to pump more oil while hosting a climate conference. So the UAE is going to have a busy year 2023. The Gulf State wants to pump more oil, reinforce its status as a prime destination for the western capital in the region, and make a big buzz. From Breakingviews - UAE will look to a world beyond OPEC https://t.co/F0aYGw31C0 — Reuters Business (@ReutersBiz) December 19, 2022
"SD/JPY Nearing Intervention: Japanese Officials Prepare for Action

Who is Bernard Arnault, the man who has recently become the world's richest man?

Conotoxia Comments Conotoxia Comments 20.12.2022 13:01
Bernard Arnault, founder and patriarch of family holding company Groupe Familial Arnault, overtook electric car and rocket manufacturer Elon Musk last week. He wrapped up the number one spot in two of the most popular lists of the world's richest people. According to Bloomberg, the billionaire currently has a fortune of USD 163 billion. The question may arise, however, how does luxury goods tycoon becomes the richest man despite global fears of a recession? The story of Bernard Arnault Bernard Arnault was born in 1949 in Paris. His father was an engineer and owner of a construction company and his mother was a pianist. Arnault graduated in law and economics before embarking on a career in business, working for his father's company. In 1984, Arnault took control of Christian Dior (Dior), which was then in financial difficulty. Under his leadership, the company restructured and became hugely successful, becoming one of the most important fashion houses in the world. Arnault continues to serve as CEO of Christian Dior. In addition to this, he is also the founder and CEO of LVMH, the world's largest luxury goods corporation, which includes many brands in various segments, including fashion, jewellery, perfume, spirits, watches, electronics and other luxury products. Arnault is also involved in many philanthropic initiatives and is known for his commitment to art and culture. The value of the billionaire's fortune has doubled in the past two years. Arnault's fortune currently consists of 79% of the shares of fashion house Christian Dior (Dior), 15% of luxury goods company Louis Vuitton Moet Hennessy (LVMH), owning brands such as Louis Vuitton, Lou Fendi, Givenchy, Kenzo, Loewe, Marc Jacobs, Celine, Berluti, Emilio Pucci, Thomas Pink, Loro Pian, among others. The remainder of the wealth is made up of smaller private investments and as much as US$10 billion in cash and cash equivalents. Source: Conotoxia MT5, Dior, Daily Elon Musk's dethronement Elon Musk's fortune has declined by more than 40% since the beginning of the year and now stands at US$155 billion. To a large extent, this appears to be linked to declines in the share price of Tesla (Tesla), which accounts for 34% of the billionaire's portfolio. The valuation of the carmaker's assets has fallen by 57% since the beginning of the year, and the company does not seem to be helped by further reports of more Tesla shares being sold. Source: Conotoxia MT5, Tesla, Weekly Why is the luxury goods industry doing so well in the downturn? Louis Vuitton Moet Hennessy's (LVMH) year-to-date revenue increased by 28% year-on-year. What may seem interesting is that the company recorded the highest revenue growth in Europe (up 43%). The company attributes much of this growth to organic growth. It might seem, however, that Europe, hit by the energy crisis and the economic slowdown, would be the first to cut back on spending on luxury goods. However, we could be dealing with what is called the 'snob' effect in economics, which is the phenomenon of buying goods according to social status level. This could explain why, when most people are struggling to cope with rising costs caused by inflation on basic products, the wealthiest people do not seem to feel it as much. Read next: The FCC Seeks More Than $200 Million From Four Cellphone Carriers| FXMAG.COM Source: Conotoxia MT5, LVMH, Weekly   Grzegorz Dróżdż, Junior Market Analyst of Conotoxia Ltd. (Conotoxia investment service) Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75,21% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read the article on Conotoxia
RBA Governor Announces Major Changes at RBA Board as US Inflation Expected to Decline

The First Technical Problems Of Twitter Under The Leadership Of Elon Musk, Tesla Shares Worst Of The Year

Kamila Szypuła Kamila Szypuła 29.12.2022 11:46
The companies of a business magnate and investor Elon Musk have been struggling with problems lately. Tesla has a problem with listing on the stock exchange and Twitter with technical problems. Around 10,000 people reported Twitter going down Wednesday night. Twitter Twitter's performance has been under scrutiny since Musk completed his takeover of the company in late October. He then downsized the company's workforce, leading some former employees and outside observers to question whether the cutbacks would hamper Twitter's operations. Users who tried to log in via their desktop browsers on Wednesday received an error message. The Twitter Spaces tab, which allows users to join real-time conversations with others, also did not work on the platform's mobile app version. Other aspects of the Twitter app seemed to work well for users, including the ability to tweet. The problems were solved after about two hours. Musk, when asked on Twitter if there had been a service disruption, tweeted "It's working for me." It wasn't clear from which Twitter function Musk sent the message. Twitter, like many online platforms, has had occasional outages in the past due to technical glitches, including one in July. The outage occurs amidst a brawl between Twitter and Elon Musk, the world's richest man. Internet outages are quite common and have affected many tech companies over the years, although the length of the outages can vary greatly. They can affect people's ability to do business or connect with friends and family. Twitter shares hold their level above 50.0. Thus, they have the best month of the year. Read next: The US Will Require PCR Testing For Travelers From China, BRF Agree To Pay $111 Million To The Government| FXMAG.COM Tesla Elon Musk's electric vehicle maker is nearing its worst December stock performance and endured a seven-day streak after Tuesday's close. It was Tesla's longest streak since September 2018, when the company struggled to get its new Model 3 into the hands of customers. Tesla has lost almost a third of its value in the past seven days of losses, returning to August 2020 levels. The stock rebounded slightly on Wednesday, closing 3.3% higher. Musk Twitter call Spaces signaled that he would not be selling any Tesla stock for at least 18 to 24 months. The chief executive has liquidated more than $39 billion in the company's stock since the stock peaked in November 2021. The billionaire's comments on Twitter Spaces were among his most expansive responses to Tesla investor concerns that he had been distracted since he bought Twitter in October in a $44 billion deal. Tesla shares have fallen more than 60% this year, underperforming the broader market. Some of Musk's actions on Twitter and his political comments on the platform have raised concerns that Tesla's brand could suffer. The company's image has deteriorated in recent months, in part because of Musk's Twitter involvement, according to brand surveys. The Tesla boss also said the car company will continue to invest as part of its growth plans. He said the company was "close to choosing a location for its next Gigafactory", without giving details. He said Tesla also plans to start refining lithium for batteries at its Corpus Christi, Texas facility in about two years to help the electric vehicle maker meet demand for materials needed for power cells. As mentioned above, Tesla shares are the worst of the year. Such low levels of the electric car manufacturer has been recorded since 2020. Source: wsj.com, finance.yahoo.com
Tesla Is Expected A Temporary Rally

New Record For Electric Car Manufacturer - Tesla Deliveries Increased By 40% Year-On-Year

Kamila Szypuła Kamila Szypuła 03.01.2023 11:58
Tesla survived a difficult year, losing about $ 675 billion in market valuation. Car sales The company expected to "sell every car we make as far in the future as possible," Musk said as Tesla posted a near-record quarterly profit. Elon Musk's electric vehicle maker said Monday it delivered about 1.31 million vehicles last year, about 40% more than in 2021. The company would need to deliver more than 1.4 million vehicles to meet its initial target of increasing deliveries by 50% or more. From analyst estimates compiled by FactSet, as of December 31, 2022, Wall Street expected Tesla to report deliveries of around 427,000 in the final quarter of the year. Estimates updated in December and included in the FactSet consensus ranged from 409,000 to 433,000. Tesla said changes to manufacturing and distribution practices to help lower vehicle costs led to more cars in transit at the end of the quarter. Tesla car prices Strong vehicle prices helped Tesla generate nearly $3.3 billion in quarterly profit for the three months ended September, beating the expectations of analysts surveyed by FactSet. That's not much compared to the company's record quarterly profit of over $3.3 billion, set in the first quarter. Tesla has repeatedly raised the price of its vehicles as parts have become more expensive and new cars hard to come by due to supply chain bottlenecks. Tesla cars averaged about $57,000 in the third quarter, up from about $49,000 a year earlier, analysts polled by FactSet estimated, boosting company revenue and mitigating lower-than-expected third-quarter deliveries. Moreover, the automaker may have to cut vehicle prices by $1,800 to $4,500 from Q3 2022 levels. Shareholders Musk, Tesla's largest shareholder, sold over $15 billion in Tesla stock this year, indicating that at least some of the proceeds will be used to fund his $44 billion Twitter deal. Some investors fear he may have to sell more to close the deal. The billionaire entrepreneur said the company's board of directors is considering the idea of buying back Tesla shares and it is likely that the company will pursue a "significant buyout". He put forward the idea of a buyout of around $5 billion to $10 billion in 2023. Read next: The Korea Fair Trade Commission (KFTC) Will Impose A Fine Of $2.2 Million On Tesla Inc| FXMAG.COM Problems The company idled its car factory in Shanghai on multiple occasions, early on because of local pandemic restrictions, then again in December as it faced a wave of Covid-19 infections among workers and suppliers. In October, Musk characterized Tesla as "recession-proof", saying, "We're going to pedal to the metal whether it's raining or shining. So we're not reducing our production in any significant way, whether in a recession or not." But now, Musk suggested exacly last month that the higher interest-rate environment was hurting vehicle demand. In a year-end sales push, Tesla offered discounts to many buyers who agreed to take delivery of vehicles before January. Demand problems will continue until Tesla introduces a cheaper vehicle in large numbers, which is not on the horizon any time soon. Tesla share price Shares have been falling since December 9. The biggest decrease in the month and the beginning of the year was recorded on December 27, 110, at the level of 109.10. It then surged to above 120. The new year started with Tesla stock price below 120 (118.93). So the trade will be on the tenth day around 120. Source: wsj.com, finance.yahoo.com
It Was Possible That Tesla Would Move Closer To Resistance

Elon Musk Is Facing Trial In Fraud Trial Over 2018 Tweets

Kamila Szypuła Kamila Szypuła 19.01.2023 11:47
Elon Musk to face trial in securities fraud lawsuit over 2018 tweets suggesting possible private takeover of Tesla Inc. The case is unusual because securities fraud cases are usually resolved before trial, such as by settlement. Glen Littleton The investor, Glen Littleton, sued Tesla, Musk and then-Tesla board members, claiming that Musk's tweets were fraudulent and cost investors billions by spurring Tesla stock, options and bond prices to fluctuate. He is seeking compensation for these losses. The defendants said the plaintiff would not be able to prove to the jury that the testimony was essentially false. Musk was considering privatizing Tesla, the defendants said, even if some of his claims about the deal may not have been literally accurate. Musk and Tesla Musk said he is indeed considering privatizing Tesla and believes he has the backing of Saudi Arabia's sovereign wealth fund. Lawsuit over Elon Musk's 2018 tweets. Musk and Tesla agreed in 2018 to pay $20 million to settle civil charges brought by the Securities and Exchange Commission over the same tweets. Judge rejects Elon Musk's request to move trial over Tesla's tweets During jury selection on Tuesday, attorneys and Judge Chen focused on potential jurors' personal views on Musk and his acquisition of Twitter Inc., as well as on the extent to which they could put those views aside. Musk and Tesla's attorneys asked Judge Chen to move the case to Texas on the grounds that the Bay Area jurors were exposed to excessive negative publicity about Musk. Judge Chen denied that request late last week. U.S. District Judge Edward Chen held a hearing on the case Friday morning and said the trial will begin next week in San Francisco. Prior to the trial, the court sent questionnaires to about 190 prospective jurors asking for their views on Musk and other issues to help determine if they had prejudices that would prevent them from sitting on a jury. Judge Chen said he reviewed the responses and that about 49 of them reflected Musk's and Tesla's mixed views, about 27 seemed sympathetic to the defendants, and about 76 showed negative attitudes. Other responses seemed neutral. The jury trial in San Francisco is scheduled to continue until February 1. Read next: Un Secretary General Antonio Guterres Encouraged The Transition To Green Energy At The World Economic Forum In Davos, The Chinese Economy May Surprise You Positively| FXMAG.COM Musk in court Musk will take the stand on Wednesday, about two months after he did so in Delaware over his Tesla pay package. Musk last spoke two months ago in a Delaware lawsuit over his Tesla pay package. In 2021, he appeared in a Delaware Commercial Court to defend Tesla's acquisition of SolarCity Corp. for about $2.1 billion in 2016. The judge sided with Musk, finding that Tesla did not overpay because the Tesla group was accused by shareholders. This decision has been appealed. Also on the list of potential witnesses are Tesla's CEO Robyn Denholm, board members Ira Ehrenpreis, James Murdoch and Kimbal Musk, the CEO's brother. You can also call the head of investor relations, Martin Viech. Tesla share prices Meanwhile, Tesla has slashed prices across its entire range of vehicles, with some of last week's US cuts approaching 20% in an effort to boost demand. Tesla's share price started to rise again in the new year, but from Tuesday it started to fall again. During those days, the stock fell from 131.49 to 126.71. Source: wsj.com, finance.yahoo.com
EUR/USD Movement Analysis: False Breakthrough and Volatility Ahead of Powell's Speech

Microsoft: The Use Of Artificial Intelligence In Tools Such As GitHub

Conotoxia Comments Conotoxia Comments 24.01.2023 14:23
Yesterday (23.01), OpenAI - the technology company that is the creator of the ChatGPT language model - reported in an announcement the entry into the next phase of its expanded partnership with Microsoft. We will learn the latter's quarterly report today after the close of trading. What could we learn from the announcement and what can we expect from the company's financial results? The history of these two companies The non-commercial organisation OpenAI was founded in 2015. Elon Musk, Ilya Sutskever, Greg Brockman and Wojciech Zaremba. The company's goal is to promote and develop artificial intelligence in a responsible and safe way for humans. Microsoft has been working with OpenAI since 2019. As part of this collaboration, Microsoft is providing the Azure cloud as a platform to run OpenAI models, as well as supporting the development and exploration of new artificial intelligence technologies. In 2020. Microsoft and OpenAI announced a collaboration to develop GPT-3, one of the largest language models in the world. In 2021. Microsoft invested $1 billion in OpenAI. We have now heard of a further investment of $10bn. As the company states in the announcement: “We’ve worked together to build multiple supercomputing systems powered by Azure, which we use to train all of our models. Azure’s unique architecture design has been crucial in delivering best-in-class performance and scale for our AI training and inference workloads. Microsoft will increase their investment in these systems to accelerate our independent research and Azure will remain the exclusive cloud provider for all OpenAI workloads across our research, API and products" Supporting programmers and graphic designers is the next step "We’ve partnered with Microsoft to deploy our technology through our API and the Azure OpenAI Service—enabling enterprise and developers to build on top of GPT, DALL·E, and Codex. We’ve also worked together to build OpenAI’s technology into apps like GitHub Copilot and Microsoft Designer." - the OpenAI announcement continued. It follows that we will see the use of artificial intelligence in tools such as GitHub, an app to support developers' work, and Microsoft's new Designer service for graphic design. It is intended to compete with Canva, which currently has around 100 million active users. Can we expect a surprise from Microsoft's report? The tech giant's business falls into three main categories: Productivity and Business Processes (productivity and business process support tools), Intelligent Cloud (all cloud computing services) and More Personal Computing (mainly Windows or gaming). Historically, these segments have accounted for a similar share of the company's revenue, but especially in recent years, cloud services are starting to play a key role, increasing their share to 40 per cent. According to Zacks, a portal that analyses financial data and predicts possible surprises in financial results, the Zacks Earnings ESP (expected prediction surprise) ratio is currently at 0.34 per cent, which means that  it might be less possible to be a significant surprise relative to expected earnings per share in Q4 2022. This currently stands at USD 2.3 (previously USD 2.29). What does Wall Street think of Microsoft's share price? According to the Market Screener portal, the company has 51 recommendations, and among them, the predominant one reads: "Buy". The average target price is set at USD 291.72, 20 per cent above the last closing price. The highest target price is at USD 411 and the lowest is USD 212, which is below the last closing price. Source: Conotoxia MT5, Microsoft, Daily Grzegorz Dróżdż, Market Analyst of Conotoxia Ltd. (Conotoxia investment service)  
Earnings season: Tesla stock price slipped after yesterday's news. The best selling car in Q1 was Model Y

Elon Musk Was Found Not Guilty In The Tweets Case

Kamila Szypuła Kamila Szypuła 05.02.2023 18:52
Elon Musk is popular not only because of Tesla or recently Twitter, but also because of the events that concern him. Musk, together with his company SpaceX, is trying to create a rocket for interplanetary travel, and in the meantime, another of his companies - Tesla - is found not guilty. In this article: Starship is a future Musk and tweets case Cryptocurrency regulation is coming Starship is a future Visions of the future of humanity beyond the Change appeared as early as the 1980s. With progress, it seems that humanity is on the verge of achieving this goal. That's why SpaceX created Starship. Elon Musk is known for such visions, and has opined that the "holy grail" in making human life multiplanet lies in our ability to create a completely reusable rocket. System that can carry vast amounts of equipment, supplies - and people - deep into space. The Starship project can be attractive to investors. Some experts have estimated that if SpaceX succeeds with Starship along with Starlink's global satellite internet venture, the company's valuation could soar into the trillions of dollars. In addition to a success for the company, it may also be a success for the future of space travel. Here's why Starship is indispensable for the future of SpaceX. Watch the video to learn more. https://t.co/VrgmwPexlI pic.twitter.com/FL53gNdJYQ — CNBC (@CNBC) February 5, 2023 Read next: Difficult Decision Ahead Of The RBA, The Market Expects A 25bp Rate Hike| FXMAG.COM Musk and tweets case The topic of Elon Musk does not go away. Musk's attention has been split between Tesla, his rocket company SpaceX and now Twitter in recent months. Tesla investors have expressed concerns that running the social media company has taken up too much of his attention. Beyond visions of the future at SpaceX, Musk has struggled with a lawsuit over his sometimes impulsive use of Twitter, the social media company he bought for $44 billion in October. Tesla shareholders said Musk misled them when he tweeted on August 7, 2018 that he was considering buying the company at $420 a share, which is a premium. A US jury on Friday found that Tesla CEO Elon Musk and his company were not responsible for misleading investors. Plaintiffs sought billions of dollars in damages, and the decision was also seen as important to Musk himself, who often expresses his views on Twitter. 'Thank goodness, the wisdom of the people has prevailed,' Elon Musk tweeted, adding that he was 'deeply appreciative' of a U.S. jury's decision that Musk and Tesla were not liable for his 'funding secured' tweets from 2018 https://t.co/owohhIOsEy pic.twitter.com/3XoA84jcps — Reuters Business (@ReutersBiz) February 5, 2023 Cryptocurrency regulation is coming After countless outbursts, scams, and manipulations throughout 2022, 2023 will be the year of cryptocurrency regulation in the US. It meant it was time to hold the American public accountable and push for sensible regulation. What's more, there is a lot of interest and demand for it, but will the regulation of cryptocurrencies in the US be reasonable? What can you confess? How will the market and other countries react? #Crypto regulation in the U.S. is like having spicy Mexican food: you know something bad's coming soon, but you don't want to think about it now. 😉https://t.co/AuolMd6Yt4 — CoinMarketCap (@CoinMarketCap) February 5, 2023
Pfizer Is In The Early Stages Of An Acquisition Of Biotech Company Seagen, Twitter's Staff Has Shrunk Since Elon Musk Took Over

Pfizer Is In The Early Stages Of An Acquisition Of Biotech Company Seagen, Twitter's Staff Has Shrunk Since Elon Musk Took Over

Kamila Szypuła Kamila Szypuła 27.02.2023 09:26
After talks between Seagen and Merck & Co fail, Pfizer tries to acquire Seagen. Musk is cutting jobs and other costs at the social media company, which has suffered financial losses since it acquired Twitter in a $44 billion deal in late October. Pfizer and Seagen Pfizer is in talks to acquire Seagen. Talks are in the early stages and there is no guarantee there will be an agreement, people said. A number of hurdles would need to be overcome, including the ability to carry out a rigorous antitrust assessment of each proposal. If a deal were to be struck, it would be a big one: Seagen has a market value of around $30 billion and is expected to earn a premium on top of that. Benefits for Pfizer The deal would help Pfizer, one of the world's largest pharmaceutical companies with $100 billion in sales last year, add a class of agents to its cancer drug portfolio that has shown promise in so-called immunotherapies against some of the most common cancers. It could also help Pfizer offset the $17 billion in sales the company predicts it could lose due to patent lapses by 2030. Pfizer has set a goal of adding $25 billion in revenue by the end of the decade from business development activities, including acquisitions. Seagen had nearly $2 billion in sales last year. Read next: The Effect Of Shifting The Aggregate Demand Curve - Demand Shocks| FXMAG.COM Pfizer's situation New York Pfizer is full of cash. The drugmaker makes about $22.7 billion from sales of its Covid-19 vaccines, drugs, and other products. Last year, Pfizer acquired sickle drug maker Global Blood Therapeutics Inc. for over $5 billion, and the rest Biohaven Pharmaceutical Holdings Co. for over $10 billion. Seagen and Merck & Co Seagen was in advanced talks last year for a takeover by Merck & Co., in a deal that would be worth $40 billion or more, The Wall Street Journal reported at the time, but the two sides failed to reach an agreement. Pfizer share price After reaching 54.48 in mid-December last year, Pfizer's share price dropped significantly. Stock prices recently closed at 41.75. Seagen share price Seagen shares rose to 162.53 after Feb. 10, then fell. After another slight increase, stock prices closed at 161.37. Twitter’s layoff Twitter Inc. carried out another round of job cuts over the weekend, the latest among thousands of staff cuts under new owner Elon Musk. The cuts come as billionaire Mr. Musk makes sweeping changes to the platform, including lowering costs, releasing new features and changing content moderation policies. Musk said in November that the layoffs were necessary because Twitter was losing more than $4 million a day. Around this time, many major advertisers stopped spending on the platform. Major changes Elon Musk adds and enhances Twitter Inc platform features. at a rapid pace since the acquisition . Significant changes so far include Twitter Blue's new subscription service and a new version of the algorithm-driven feed, renamed TikTok "For You," which recommends content to users beyond the accounts they follow. Other changes include allowing US subscribers to write tweets of up to 4,000 characters; golden checkmarks for corporate accounts and gray checkmarks for government accounts, and closing popular third-party apps such as Tweetbot and Twitterrific, which some users have used to get other features not offered by the typical Twitter platform. Twitter has added a view count to tweets, which Musk said helps users know their tweets are being seen. Source: wsj.com, finance.yahoo.com
US electric vehicle market set for sustained growth despite stricter subsidy rules

Elon Musk Is Richest Man Again, The State Bank Of India Had Raised $1 Billion From Global Banks

Kamila Szypuła Kamila Szypuła 28.02.2023 11:45
Elon Musk's name is no stranger to anyone. Mainly his person is associated with the company ev Tesla, and recently even with Twitter. From today, he is again associated with the title of the richest man. In this article: Europe's telecommunications infrastructure The funds Tax Day is coming soon The richest man Europe's telecommunications infrastructure Last week, the EU launched consultations to strengthen Europe's telecommunications infrastructure. It included a survey asking whether to set up a digital fund at EU or national level, or to require direct contributions from internet giants to telecommunications operators. Telecom groups are pushing European regulators to put in place a framework whereby companies carrying traffic on their networks are charged a fee. They say this - known as 'sender pays' - would help finance a massive upgrade to their infrastructure. Their logic is that some platforms, such as Amazon Prime and Netflix, process gigantic amounts of data and therefore should pay part of the bill for adding new capacity to cope with the increased load. Big Tech vs. Big Telco: Top EU official says there's no 'battle' over network funding https://t.co/qLdmDsMXw5 — CNBC (@CNBC) February 28, 2023 Read next: Altria Is Trying To Purchase E-Cigarette Startup NJOY| FXMAG.COM The funds The State Bank of India said on Tuesday it had raised $1 billion through syndicated peer-to-peer lending from global banks for further lending to certain types of social impact businesses in India. The funds will be used for further loans to microfinance institutions and self-help groups. And the loan can increase the bank's pressure to adopt ESG practices State Bank of India raises $1 billion via syndicated social loan for further lending https://t.co/TVcwGc5omC pic.twitter.com/ov5LEKWSal — Reuters Business (@ReutersBiz) February 28, 2023 Tax Day is coming soon Taxes aren't always something that just happens to you. In fact, you have much more control over the size of your commitment in any given year than you may realize. The new year has already started, but it's not too late to influence your tax situation in 2022. When it comes to taxes, it's always best to double-check your calculations and assumptions. If you have questions, talk to a tax advisor. Mistakes can quickly negate the potential benefits of tax-saving moves. Taxes are a nightmare for everyone. Proper preparation can be beneficial and will save you a lot of the stress that usually comes with it. Tax Day is coming soon. But it's not too late to manage your tax liability. Here are some moves to consider between now and April 18, the IRS filing deadline this year. https://t.co/BWtvHEUgv0 — Charles Schwab Corp (@CharlesSchwab) February 27, 2023 The richest man Elon Musk can make a lot of noise around his person. He wasn't the richest man for a while, but that changed. Since the beginning of the year, Tesla's share price on the New York Stock Exchange has increased by 100%. Elon Musk's company boasts record-high profits, and the billionaire himself has again become the richest man in the world. ELON MUSK RETAKES SPOT AS WORLD'S RICHEST PERSON — *Walter Bloomberg (@DeItaone) February 27, 2023
MagicCraft announces its MOBA game launching on Steam. ByBit calls MCRT today's outperformer

"Green" cryptocurrencies - would Elon Musk become a market mover once again?

FXStreet News FXStreet News 02.03.2023 16:51
Elon Musk, CEO of Twitter announced a master plan for sustainable energy in a recent tweet. Musk’s team at Tesla is working on a detailed whitepaper with calculations and assumptions to release shortly. The sustainability narrative could fuel a rally in green cryptocurrencies like Cardano (ADA), Nano (NANO), Stellar Lumens (XLM) and Algorand (ALGO). Elon Musk, the CEO of Twitter recently announced a plan for sustainable energy for everyone on the planet, in a tweet. This could fuel a narrative of sustainability among crypto market participants and fuel a rally in green cryptocurrencies Cardano (ADA), Nano (NANO), Stellar Lumens (XLM) and Algorand (ALGO). Elon Musk teases master plan for sustainable energy, is this a cue for crypto rally? Elon Musk, the CEO of Tesla and Twitter teased a master plan for sustainable energy in a recent tweet. Musk affirmed that a whitepaper with calculations and assumptions will soon be shared by the team at Tesla. Musk’s commitment to green energy and sustainability could fuel a new narrative of “sustainable” tokens in the crypto ecosystem. Tokens like Cardano (ADA), Nano (NANO), Stellar Lumens (XLM) and Algorand (ALGO) have a lower carbon footprint compared to others, according to a recent report. Read next: This week's Australian economic data suggest that the domestic economy may be slowing| FXMAG.COM   Green cryptocurrencies are those whose mining activities are powered by renewable energy sources like solar, hydroelectric, and wind. A Crypto Carbon Ratings Institute (CCRI) report concluded that Polkadot is the lowest carbon footprint crypto asset, with even lower carbon emissions than Cardano, Solana, Tezos, Avalanche and Algorand. If the “sustainability” narrative gathers steam, it could shine the spotlight on less popular and environment-friendly cryptocurrencies. Market participants could expect a spike in demand in DOT, ADA, SOL, among others.
On Wednesday morning total crypto market capitalisation was below $800bn

While Elon Musk wields significant influence over his followers, it is unlikely that he can single-handedly impose a dominant narrative on a particular market

Dominik Podlaski Dominik Podlaski 08.03.2023 13:27
Last week FXStreet suggested that Elon Musk's narration hinting at "green" crypto advantages could be moving market. Let's confront this news with the comment of Dominik Podlaski, Technical Analyst at Bitget. FXMAG.COM: FXStreet suggests recent Elon Musk narration on sustainability may affect more "green" crypto, would you agree or disagree? Dominik Podlaski (Bitget): Rather disagree. The sustainability narrative has been present for the past few years, gradually gaining momentum across sectors and showing no signs of slowing down. While Elon Musk wields significant influence over his followers, it is unlikely that he can single-handedly impose a dominalnt narrative on a particular market. However, he may possess knowledge of upcoming changes, such as advancements in AI, and position himself as a pioneer in that field. Read next: USD/JPY Is Above 137.00, The Aussie Pair Is Trading Below 0.66, GBP/USD And EUR/USD Are Also Lower | FXMAG.COM Although there is a great chance of having such a narrative in the cryptocurrency market, it's not because of Elon's statements. The reason behind it may be even more fundamental. Prices of energy are still rising, and therefore many previously profitable investments are under pressure. For example, cryptocurrencies are energy-intensive. That is why projects using green energy or more energy-efficient solutions may come into the spotlight.
Vega Protocol has seen an increase as the protocol is anticipated to go live

If Musk continues to provide strong support for cryptocurrencies that are less damaging to the environment, this may influence investors who are interested in green cryptocurrencies

Serhii Zhdanov Serhii Zhdanov 09.03.2023 13:15
FXStreet suggests that Elon Musk’s recent narration on sustainability may affect a more "green" crypto. We asked Serhii Zhdanov, EXMO CEO, whether he would agree or disagree with such suggestions. Serhii Zhdanov (EXMO): Recently, Elon admitted that his interest has switched from cryptocurrencies to Artificial Intelligence (AI). The crypto community has already taken such statements with a pinch of salt. On Investor Day, Musk said nothing about cryptocurrencies. He outlined the overall goals of the company and how to achieve them. Claims about a “green” cryptocurrency are a bit far-fetched at the moment. We need to wait for specifics on this from the businessman himself. In the short term, the “green” cryptocurrency is able to create a local pump on such rumours. Elon Musk has huge support among crypto enthusiasts Elon Musk has huge support among crypto enthusiasts. His tweets and other statements can create increased volatility in the market. Therefore, his words about cryptocurrencies should be taken seriously, especially by short-term traders. If Musk continues to provide strong support for cryptocurrencies that are less damaging to the environment, this may influence investors who are interested in green cryptocurrencies. Read next: RBA decision: Market participants gathered a sentiment of uncertainty in Philip Lowe's rhetoric and now fear that inflation will remain elevated for a prolonged time | FXMAG.COM The environment is one of the main problems of the 21st century, and the situation has deteriorated greatly after the industrial revolution. Therefore, any initiative to improve the quality of our environment should be perceived positively by all people on the planet.
Green cryptocurrency moved by Elon Musk's narration? AngelBlock: The only new aspect of this is the fact that it was mentioned by Elon Musk

Green cryptocurrency moved by Elon Musk's narration? AngelBlock: The only new aspect of this is the fact that it was mentioned by Elon Musk

Alex Strzesniewski Alex Strzesniewski 09.03.2023 22:17
We can't stand to Alex Strzesniewski from AngelBlock to confront news suggesting recent Elon Musk narration on sustainability may affect more "green" crypto with his opinion. Here's what we got. Alex Strzesniewski (AngelBlock): The only new aspect of this is the fact that it was mentioned by Elon Musk. Within the crypto community we’ve been talking about sustainability for quite some time and it feels like a natural evolution of our industry. Even back in 2017 a few “greener” coins have risen to prominence, each one had a different promise “no GPU mining” or a Delegated Proof of Stake consensus algorithm, etc. I don’t believe Elon Musk’s comments will have a long term effect on the market (hint, hint: look at the price of DOGE), despite the fact that the market is already moving (slowly, but surely) in that direction. Bitcoin mining has taken great strides to use renewable energy sources, and many projects launching now do keep sustainability in mind Alex Strzesniewski (AngelBlock): Bitcoin mining has taken great strides to use renewable energy sources, and many projects launching now do keep sustainability in mind. A great example here is Aleph Zero, a privacy-enhancing layer-1 blockchain that has had sustainability as one of its main tenets since launch. Read next: Binance has proven to be a more trusted player in this space than 99% of other crypto companies | FXMAG.COM
Elon Musk said he was open to the idea of buying Silicon Valley Bank

Elon Musk said he was open to the idea of buying Silicon Valley Bank

Alex Kuptsikevich Alex Kuptsikevich 13.03.2023 12:48
The crypto market is now showing increased volatility. On Monday morning, the price climbed from Friday's low of $19.5K up to $22.7K. There are more fundamental factors behind bitcoin's decline, while we see tech behind the rebound in recent days. The problems at Silicon Valley Bank triggered a sell-off in risky assets, including bitcoin. At one point, it fell below its 200-day average, although it was higher at Friday's close, attracting buyers. Later, the RSI on the daily timeframe moved out of the oversold territory - another early bullish signal. However, the upside amplitude was provided by reduced liquidity. On Monday, Bitcoin faces an important test of market sentiment. During the day, we must watch closely to see if we have a clean sell-off by the hawks. If so, it's an important signal that the recent rally was false and that the big players are still selling at better prices. Potential buyers would still be better off waiting for a fix above $23,000 to confirm a bullish reversal. Read next: Total cryptocurrency market capitalization has increased, so has BTC market share| FXMAG.COM According to CoinMarketCap, the total capitalisation of the crypto market passed $1 trillion on Monday morning. Stablecoin USD Coin (USDC) lost its peg to the US dollar on Saturday, falling below $0.88 amid the collapse of Silicon Valley Bank (SVB), which held $3.3 billion of its reserves. DAI is also in trouble, falling below $0.90 as USDC partially backs the token. At the same time, many other stablecoins have crossed the $1.01 mark. The US Treasury unveiled plans for the 2024 budget replenishment and said it intends to impose a 30% excise tax on mining companies' electricity use Tron founder Justin Sun proposed the creation of a bank for the needs of the crypto industry amid the collapse of Silicon Valley Bank. Michael Barr, deputy head of the US Federal Reserve, has proposed creating a group to develop the regulation of crypto assets. According to him, if the Fed fails to regulate stablecoins, their widespread adoption could threaten the US economy. The US Treasury unveiled plans for the 2024 budget replenishment and said it intends to impose a 30% excise tax on mining companies' electricity use. Renowned economist and cryptocurrency sceptic Peter Schiff called for cryptocurrencies to be sold as the industry is "about to see more bankruptcies". He pointed to the collapse of Silvergate Bank and US economic data that would force the Fed to raise interest rates. Twitter CEO Elon Musk said he was "open to the idea" of buying the troubled Silicon Valley Bank to turn the social network into a financial hub and digital bank.
Plugwalk Joe" Found Guilty: Hacker Convicted for Hijacking Twitter Accounts of Prominent Figures and Attempted Fraud

Plugwalk Joe" Found Guilty: Hacker Convicted for Hijacking Twitter Accounts of Prominent Figures and Attempted Fraud

InstaForex Analysis InstaForex Analysis 28.06.2023 09:20
Joseph O'Connor, also known as "Plugwalk Joe", was found guilty of running an advanced hacking campaign that involved hijacking the Twitter accounts of famous people and trying to defraud their followers. Barack Obama, Joe Biden and Elon Musk suffered in the case, for example, through whose accounts cryptocurrencies were extorted.   The perpetrator was sentenced to five years in prison. O'Connor was extradited from Spain to the US in April and pleaded guilty to the charges in May.   These included mass hacking of social media accounts, cybercrime and cyberstalking, among others. He and his associates carried out the attack in early 2020. They contacted some Twitter employees by phone and manipulated them into obtaining login details. This gave the hackers access to the website's internal administration tools.     They used this access to post a Bitcoin scam on over 130 celebrity Twitter accounts. According to the Department of Justice (DoJ), they also sold access to some accounts to third parties. In a separate case, O'Connor and his colleagues successfully used SIM swap attacks. This time to compromise three directors of a cryptocurrency company based in Manhattan.   They used the access they gained to divert digital funds currently worth $1.6 million from their wallets. Technical Market Outlook: The ETH/USD pair has been consolidating the recent gains in a narrow zone with an occasional dip to the level of $1,837 that now will act as the intraday technical support.   The bulls failed to break above the technical resistance located at the level of $1,930 and reversed lower again.The momentum turned into weak and negative after the failed breakout attempt, so now the short-term outlook is looking more bearish. The short-term technical support is seen at the level of $1,837 and $1,830 (100 MA).  
Tesla's Disappointing Q4 Results Lead to Share Price Decline: Challenges in EV Market and Revenue Miss

Tesla's Disappointing Q4 Results Lead to Share Price Decline: Challenges in EV Market and Revenue Miss

ING Economics ING Economics 25.01.2024 16:13
esla set to skid after missing on revenues and profits By Michael Hewson (Chief Market Analyst at CMC Markets UK)   Having found itself caught up in the big Nasdaq 100 sell off in 2022 as its share price fell from peaks of $400 to as low as $102 in 2022 the Tesla share price managed to rebound to just shy of $300 in the summer of 2023, before establishing a short-term base just above $190 a share in October last year. Since posting those lows in the wake of its Q3 numbers back in October the Tesla share price has chopped sideways as investors mull the prospect of whether we've seen peak Tesla when it comes to EV growth and profitability.   Wherever you look there are signs of EV fatigue as Tesla's first mover advantage starts to wane, and the costs of owning an electric vehicle start to become apparent to all but the most affluent buyers. Rising insurance costs relative to ICE cars, as well as higher repair costs mean that while running costs might be cheaper on a day-to-day basis, the financial barriers to owning an electric car are still high, while the same concerns about range anxiety remain. While Musk is acutely aware of this given that he has indicated that he wants to look at producing a cheaper model at the company's Austin factory, the market is also aware that the days of big margins on EV sales are very much in the rear-view mirror.   A year ago, when Tesla CEO Elon Musk outlined his sales target for the whole of 2023 the ambition was to push total sales to as many as 2m vehicles, which at the time seemed eminently feasible. Increasing competition along with supply chain disruptions made that task harder and while it should meet that target in the upcoming fiscal year, having sold 1.8m in 2023 the days of big margins appear to be long gone.   We still saw total revenues rise to a record $25.17bn in Q4, a 3% increase year on year, however this was short of forecasts of $25.9bn, with annual revenues coming in at $96.7bn. Profits were also below expectations coming in at 71c a share, pushing the shares sharply lower in afterhours trading, towards the lows we saw back in October.  The problem for Tesla is any significant attempt to boost sales and revenues from here on in will probably need to be achieved at the cost of further falls in operating margin, due to having to compete with BYD in China, one of its biggest markets, as well as increased competition elsewhere.   We've already seen the evidence for this over the past few months which has seen Tesla cut prices sharply across all its markets dragging operating margins down from 16% a year ago to 8.2%, while operating expenses have also gone by 27% to $2.37bn.   On an annual basis operating expenses rose to $8.77bn from $7.2bn while automotive gross margin fell from 28.5% to 18.2%. Total automotive revenues rose 15% in 2023, however the main growth area came from Tesla's energy generation business which saw revenues rise 54% to $6bn, while services grew 37% to $8.32bn. Energy generation will be a key area of revenue growth as electric vehicles become more mainstream with pay per use supercharging points likely to help drive profits going forward, with the company looking to ramp up its charging infrastructure.   Deliveries of the first batch of the Cybertruck also began during Q4 from its Austin facility in Texas, with the initial aim of 125,000 capacity. As we look ahead to the upcoming quarter and the new fiscal year Musk came across as particularly downbeat, declining to offer any specific full year targets, although Tesla did project that automotive volume growth was likely to be lower than 2023, and that the outlook for revenue in energy storage is expected to be better.

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