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Economy

“Musk feels ‘super bad’ about economy, needs to cut 10% of Tesla jobs”

“Tesla CEO Elon Musk has a “super bad feeling” about the economy and needs to cut about 10% of jobs at the electric carmaker, he said in an email to executives seen by Reuters… Musk’s gloomy outlook echoes recent comments… Continue Reading…

Uncategorized

“31 [Million] Americans to bet on Super Bowl, gambling group estimates”

“A record 31.5 million Americans plan to bet on this year’s Super Bowl, according to estimates released Tuesday by the gambling industry’s national trade group. The American Gaming Association forecasts that over $7.6 billion will be wagered on pro football’s… Continue Reading…

Economy

“Superyacht Sales Jumped 77% Last Year as Inventories Shrank”

“Superyacht sales climbed to record levels last year, sapping supply and boosting prices to heights unlikely to soften despite the tumultuous start to 2022 in financial markets. A total of 887 superyachts were sold in 2021, a 77% jump from… Continue Reading…

Economy

“‘Good luck! We’ll all need it’: U.S. market approaches end of ‘superbubble,’ says Jeremy Grantham”

“The U.S. is approaching the end of a “superbubble” spanning across stocks, bonds, real estate and commodities following massive stimulus during the COVID pandemic, potentially leading to the largest markdown of wealth in its history once pessimism returns to rule… Continue Reading…

Stocks

“Analysts Say These 3 Stocks Are Their Top Picks for the Rest of 2021”

“Mimecast, Ltd. (MIME)… Overall, MIME derives its Strong Buy consensus rating from 10 reviews, including 8 Buys and 2 Holds. The shares are trading for $55.24 and their $62.90 average price target suggests room for another 14% in price appreciation. Super… Continue Reading…

Economy

“Sales of Bentleys and Lamborghinis are booming because rich people are bored”

“While auto sales as a whole have suffered from factory shutdowns and other disruptions due to the pandemic, sales of super-expensive cars, like Ferraris, Bentleys and Lamborghinis, finished 2020 at a blistering pace.In the United States, overall passenger car sales… Continue Reading…

Business, Economy

“Lamborghini reports record profits in 2020, CEO teases electric future”

“Lamborghini reported record profits in 2020 as its wealthy customers — especially in China — rode the global bull market in style. Despite a mandatory factory shutdown of over two months during the Covid-19 pandemic, the “raging bull” of the… Continue Reading…

Stocks

“3 Penny Stocks To Buy According To Top Stock Market Analysts”

“According to analysts, these are the top 3 penny stocks to buy right now: Super League Gaming Inc. (NASDAQ: SLGG) ReWalk Robotics Ltd. (NASDAQ: RWLK) Fortress Biotech Inc. (NASDAQ: FBIO) One of the biotech penny stocks we’ve discussed frequently has been Fortress Biotech Inc. (NASDAQ: FBIO). This biotech penny… Continue Reading…

Economy

“The world’s super-rich are hoarding physical gold”

“Over the last year, gold prices are up nearly 20%. The yellow metal is on pace for its best year since 2010. In a note to clients published over the weekend, analysts at Goldman Sachs outlined why the strategic case for… Continue Reading…

Economy

“Saturday shopping set a single-day sales record, analyst says”

“Holiday shopping set records over the weekend, with Super Saturday sales reaching $34.4 billion, the biggest single day in U.S. retail history, according to Customer Growth Partners… … As retailers offer improved web platforms, online spending so far this season has… Continue Reading…