Majrorie Taylor Green: I'm so glad you've lost your jobs. Thank God Elon Musk bought Twitter.

Representative Marjorie Taylor Greene said during the Twitter hearing: "You abused the power of a large corporation and Big Tech to censor Americans...  I'm so glad that you are censored now and I'm so glad that you've lost your jobs. Thank God Elon

Ray Dalio has said 'money as we know it is in jeopardy"

Ray Dalio has said 'money as we know it is in jeopardy.' This in commentary on Squawk Box. He said: "Bitcoin has no relation to anything. It's a tiny thing that gets disproportionate attention," says Ray Dalio on crypto. "The value of $BTC

Lawyers and advisors in FTX bankruptcy have billed nearly $20 million for 51 days of work

Lawyers and advisors in FTX bankruptcy have billed nearly $20 million for 51 days of work. Recently, it was noted by CNBC that John J Ray, the new CEO of FTX falling SBF's fallout, is currently making $1,300 per hour. There are also additional expenses fees. CNBC

Twitter now allows for 4,000-character long tweets for subscribers of Twitter Blue

Twitter now allows for 4,000-character long tweets for subscribers of Twitter Blue. This is part of the longstanding changes mentioned by Elon. Among them, in January, Twitter begun applying for regulatory licenses across the US and designing the software required to introduce payments across the social media platform,

Walt Disney Company, DIS, to restructure into 3 divisions, seek $5.5B in cost cuts, and reduce workforce by about 7,000 jobs

Walt Disney Company, $DIS, to restructure into 3 divisions, seek $5.5B in cost cuts, and reduce workforce by about 7,000 jobs. The three units: * An ESPN division that includes the TV network and the ESPN+ streaming service * Disney Entertainment, which includes most of its streaming and media operations

car payments

American car payments experience the highest delay rate topping 2009 numbers

Per Bloomberg American car owners are struggling to pay for their autos, resulting in delayed car payment rates reaching new hights. The new numbers surpassed the previous 2009 numbers for the highest delays. In Dec 2022, the number of subprime auto borrowers with a delay of at least 60 days

google

Google reports inaccurate info coming from AI chatbot Bard, saying James Webb Space Telescope took first exoplanet pictures

Per Reuters Google is trying to compete with OpenAI's ChatGPT and has recently announced its Apprentice Bard. Now, the company shared that its AI gave inaccurate information in company advertisements. This came at a time when Alphabet's company is trying to compete with Microsoft, which invested

Elon Musk

Elon Musk teases 'Master Plan 3' on March 1, Tesla investor day, the path to Earth's fully sustainable energy future

Per Reuters Elon Musk says that he will be unveiling "Master Plan 3," which is expected to tackle achieving a fully sustainable energy future, on March 1. This would be when Musk's EV company Tesla will be launching the first-ever Investor Day. In a tweet,

biden

Biden wants to stop outsourcing construction materials for Federal infrastructure projects

US President Joe Biden has announced that he wants to set new standards that would require Federal infrastructure projects to use construction materials that are made in America. The standards would help promote locally sourced construction materials and discourage outsourcing. The statement was given during Biden's second State

credit suisse

Credit Suisse caves in to pressure as it decides to drop its anti-money-laundering controls in Asia

Per Bloomberg Credit Suisse has decided to lighten its push regarding anti-money-laundering controls in Asia after receiving complaints from clients and bankers. This included executives needing to approve verifications on their clients' source of wealth. The ease in requirements happened late in 2022 as the company has

Kim Kardashian earned $1 million dollars for speaking at a hedge fund conference

Kim Kardashian earned $1 million dollars for speaking at a hedge fund conference. This was for a single appearance at the iConnections Global Alts conference at the Fontainebleau Miami Beach hotel on January 31. Kardashian's appearance was a part of Miami's "Hedge Fund Week,"

The IRS has issued a new program for employers to report tips employees made

Per the IRS: The Treasury Department and Internal Revenue Service today issued Notice 2023-13, which contains a proposed revenue procedure that would establish the Service Industry Tip Compliance Agreement (SITCA) program, a voluntary tip reporting program between the IRS and employers in various service industries. The IRS is issuing

Michael Burry says this time is different

Michael Burry says this time is different, after reactivating his Twitter account. On Jan 31, Michael Burry wrote to simply: sell. Previously, Michael burry said that though inflation may be receding, investors should prepare for a spike in the future. “Inflation peaked. But it is not the last peak of

gemini

Genesis and DGC reached an initial agreement with main creditors: equitization of a $1.1B 10-year promissory note to 3AC included

Per CoinDesk In the wake of FTX, Genesis, another crypto firm that also filed for bankruptcy, is entering an initial agreement with main creditors alongside the crypto firm's parent company, DGC (Digital Coin Group). The initial agreement includes restructuring plan terms. A source familiar with the story said

biden

Biden calls for a 20% minimum tax on billionaires and wants to quadruple corporate stock buybacks surcharge

Per Bloomberg US President Joe Biden recently gave a State of the Union speech that highlighted how he is calling for a 20% minimum tax on billionaires as well as quadrupling corporate stock buyback surcharges. The White House released an official statement regarding the economic results of the plans, per

atlanta

Atlanta Fed President says the improvement in jobs could result in higher interest rates

Per Reuters The Fed previously cut down rates after fear of a recession, which was the main concern of firms and financial analysts. Now, Atlanta Fed President Raphael Bostic said that the improved jobs could increase the possibility of higher interest rates. This comes at a time when the Nasdaq

twitter

Twitter hits 180,00 paying subscribers bringing it an estimated $27.8 million a year

Per The Information After we reported that Twitter was getting closer to breakeven and Elon Musk himself replied, saying the social platform is trending to be financially healthy, a report shared how the platform now has 180,000 paying subscribers in the US. Musk shared how difficult the past three

National Guard soldiers in New York have been reportedly distributing tickets, paid for by New York City, to migrants to allow them to settle instead in Canada

National Guard soldiers in New York have been reportedly distributing tickets, paid for by New York City, to migrants to allow them to settle instead in Canada, per NYP. A New York City Hall source confirmed it pays companies that run programs for migrants that include “reissuing tickets” so they

Google, GOOGL, is launching an Artificial Intelligence powered chatbot called Bard to rival Microsoft’s, MSFT, ChatGPT

Google, $GOOGL, is launching an Artificial Intelligence powered chatbot called Bard to rival Microsoft’s, $MSFT, ChatGPT. In a blog post, Alphabet Chief Executive Sundar Pichai said his company is opening a conversational AI service called Bard to test users for feedback. He also said Google plans to add AI

Bed Bath & Beyond, BBBY, has secured investor backing for a more than $1 billion capital raise to stave off bankruptcy

Bed Bath & Beyond, $BBBY, has secured investor backing for a more than $1 billion capital raise to stave off bankruptcy, per WSJ. The home goods retailer said in securities filings that if it can't complete the complex transaction, it would "likely file for bankruptcy protection."

Biden has said that the risk of a recession in the US is very low

Biden has said that the risk of a recession in the US is very low. Previously in November, he said that were not anywhere near a recession right now. He said: “Today’s report shows that we are making progress on bringing inflation down, without giving up all of the

Hedge funds betting against stocks globally abandoned those trades last week at the fastest pace since 2015

Hedge funds betting against stocks globally abandoned those trades last week at the fastest pace since 2015, per Goldman Sachs. Last week’s short-squeeze followed a post-Fed rally. The tech-heavy Nasdaq surged 3.25% on Thursday – its biggest one-day jump in over two months. Despite the

Software engineering and data science job listings are down 24% and 27% from last year

Software engineering and data science job listings are down 24% and 27% from last year, per Bloomberg. This, Bloomberg says, has to largely do with layoffs in the industry. Bloomberg News identified  professionals who lost their jobs in recent weeks at Amazon.com Inc., Meta Platforms Inc., Twitter Inc. and

57% of Americans can’t afford a $1,000 emergency expense

57% of Americans can’t afford a $1,000 emergency expense, per Forbes Reporting. According to two new Bankrate.com surveys, also, 57% of U.S. adults are unable to afford a $1,000 emergency expense and 35% of U.S. adults carry credit card debt from month to month,

Investor Jeremy Grantham has said the stock market could crash 50% this year as the bubble enters its 'final phase

Investor Jeremy Grantham has said the stock market could crash 50% this year as the bubble enters its 'final phase.' In his bear-case scenario, he warned of a potential 50% decline in the stock market this year as he believes valuations are still too high even after