Doctor Doom Says Now The Worsening Begins
On Friday, New York University professor and noted economist Nouriel Roubini said that we have now exited the period of relative calm in the global economy, and we will now…
Scaramucci Invests In Crypto Firm Formed By Ex-FTX Chief
Anthony Scaramucci has announced he will invest in a company founded by the former president of the collapsed cryptocurrency exchange FTX, Brett Harrison. In an email, Scaramucci noted he will…
American Billionaires Hardest Hit By Declining Economic Outlook
After adding trillions to their collective fortunes over the previous years, and then losing nearly $2 trillion in wealth combined over the last year, the world’s billionaires will be happy…
Elon Musk Loses $200 Billion In One Year
Over the past year Tesla CEO Elon Musk has lost over $200 billion, making him the first person in history to lose that much money, according to a Saturday report…
Musk Offloads $3.6 Billion In Tesla Shares
Elon Musk has sold millions more shares of Automaker Tesla this week, according to filings with the US Securities and Exchange Commission. Musk sold 22 million shares of Tesla worth…
Bankman-Fried Detained By Bahamian Authorities As FTX Case Advances
Monday evening Bahamian authorities arrested Sam Bankman-Fried, the former CEO of collapse cryptocurrency exchange FTX. Bankman-Fried had agreed to testify before the US House Financial Services Committee about the circumstances…
Jim Rogers Sees Major Economic Problems Due To Debt
Legendary investor Jim Rogers, the creator of the Rogers International Commodity Index (RICI) and co-founder of the world-renowned Quantum Fund, has issued a dire warning for the world economy, saying there…
Elon Musk Loses Title Of World’s Richest Man
On Wednesday, Forbes reported that Elon Musk has lost his title of the richest man in the world. The outlet attributed the fall to the steep decline in Tesla’s stock…
Musk Tells Employees No More Layoffs For Now
Elon Musk has told employees there will be no more layoffs for the time being. Bloomberg reported yesterday that the social media giant was expecting to initiate another round of…
Bill Ackman Says Entrenched Inflation Will Push Equities Down
Since late last year, billionaire hedge fund manager Bill Ackman has been chiding the Federal Reserve to act seriously to take on inflation. Now he is sounding the alarm over…
