In this week’s Recap, Marcello talks about how the U.S. House of Representatives passed a bill to Federally Legalize Marijuana; Europe bans anonymous crypto wallets, like Trezor, or Metamask, to protect against money laundering by attempting to complete “Know Your Client” (KYC) checks; “world leaders” are talking about a coming new world order.
Tesla announced it wants to split its stock so it can pay a stock dividend to shareholders, according to a Securities & Exchange Commission filing on Monday. The electric car maker will ask at its annual shareholders meeting for an increase in the number of authorized shares of common stock. Tesla last split its stock in August 2020. The stock has more than doubled since that 5-for-1 stock split. Shares were up +5% in U.S. premarket trading to about $1,061.50. Market cap is already over $1T.
Wealthy Russians are pouring money into real estate in Turkey & the United Arab Emirates, seeking a financial haven in the wake of Moscow’s invasion of Ukraine & Western sanctions, according to numerous property firms. While Turkey & the UAE have criticized the Russian offensive, Ankara opposes non-U.N. sanctions on Russia & both countries have relatively good ties & still operate direct flights to Russian cities, potentially offering routes out for Russians & their wealth.
The latest round of restrictions in China may have a profound impact on world markets; It is being reported that President Putin has signed a decree demanding payment in rubles for Russian gas supplies.