In today’s Recap Marcello shows us how Warren Buffett is signaling trouble ahead, with Berkshire Hathaway’s cash pile hitting a record $276.9 billion as he sold off major stocks, including half its stake in Apple. This marks seven straight quarters of selling, shedding over $75 billion last quarter alone. Meanwhile, FedEx is cutting daytime flights by 60% to save money, McDonald’s is seeing a drop in same-store sales for the first time since 2020, and Chevron is moving from California to Texas. […]
July 28: Worst Day Stocks since 2020, Blackout Paris for Olympic Games, Kamala officially running President (Recap ep286)
In this week’s Recap, Marcello tells us that Wednesday marked the worst day for the stock market since 2020, with a major sell-off wiping out $1.1 trillion from the US stock market. Major tech stocks took a significant hit, with many experiencing double-digit declines in a large tech rout. In political news, President Biden has officially ended his bid for a second term, endorsing Kamala Harris as the Democratic nominee. He intends to remain in office and serve out the rest of […]
July 21: Largest IT outage in history, Elon Musk moves SpaceX to Texas, Cancer can be avoided by Lifestyle (Recap ep285)
In today’s Recap, we’re diving into some major stories shaking things up around the world. First off, we experienced the largest IT outage in history, which has thrown businesses and services into chaos across the globe. From banking systems to airports and transport, the outage has exposed vulnerabilities in our digital infrastructure. Meanwhile, Elon Musk is relocating SpaceX’s headquarters from California to Texas in response to new state regulations, marking a significant shift for the tech industry. And a recent study shows […]
July 14: Trump Assassination Attempt, Barcelona Attacks Tourists, Tesla Explodes (Recap Ep284)
This week, the main news is the shooting at Donald Trump’s rally in Butler, Pennsylvania, which is being investigated as an attempted assassination of the former president and presumptive Republican nominee. The Secret Service killed the suspected shooter, who attacked from an elevated position outside the rally venue. Trump called for unity and resilience as leaders across the political spectrum reacted to the shooting. In U.S. Market News, Federal Reserve Chair Jerome Powell suggested that the central bank is paying greater attention […]
July 7: Blackout in Europe! Tesla dominates, SpaceX cell phone satellites (Recap ep283)
In today’s recap, Marcello talks about a massive blackout that has plunged much of Europe into darkness, with electricity networks in Albania, Croatia, Montenegro, and Bosnia & Herzegovina collapsing under the strain of soaring temperatures reaching 41°C (105.8°F). Meanwhile, Tesla continues to dominate the electric vehicle market, with its stock surging 25.47% over the past five days and an impressive 46.33% over the past three months. The company exceeded Q2 delivery expectations with 443,956 vehicles, further fueled by the anticipated success of […]
June 30: Tesla Developing Cheaper Model 2, Warren Buffet donates $5.3B, Cilantro Prices Explodes (Recap ep282)
In this week’s Recap, Marcello brings us the latest in finance, technology and market trends. In a significant development for the electric vehicle market, Tesla’s stock surged by 4.81% on Wednesday, driven by the announcement of the upcoming Model 2 and positive coverage from Stifel. Meanwhile, Warren Buffett has made headlines with his largest annual donation yet, giving away $5.3 billion worth of Berkshire Hathaway shares to charity, while still retaining a substantial stake in his company. On a different note, the […]
June 2: Elon Musk sued insider trading, Fauci said no science in pandemic, record corporate buybacks (Recap ep280)
In today’s Recap, Marcello talks about how Elon Musk, the maverick CEO of Tesla and SpaceX, finds himself embroiled in an insider trading lawsuit. Meanwhile, Dr. Anthony Fauci, the prominent face of America’s pandemic response, has made a striking statement dismissing the role of science during the pandemic, confessing he ‘made up’ certain COVID-19 rules, including six feet social distancing and masking kids. Adding to the economic buzz, corporate America is witnessing a record surge in stock buybacks, with 154 companies announcing […]
May 19: Warren Buffet Secret Investment Revealed, Inflation Out Of Control, Silver Explodes (Recap ep278)
In today’s Recap, Marcello reveals Warren Buffett’s secret investment as Berkshire Hathaway makes a major move, becoming the second-largest holder in Chubb with a confidential stock purchase. Marcello also dives into the alarming surge in inflation, now requiring a family of four at least $177,798 to live comfortably in the US. Additionally, Marcello will discuss the explosive rise in silver prices, soaring 11.86% from $28.23 to $31.58, reaching its highest level since 2013. The New York Federal Reserve reported that U.S. credit […]
May 12: Starlink crushes $6 Billion Revenue, Solar Storm lights up world, Coffee prices explode (Recap ep277)
In today’s Recap, Marcello talks about Elon Musk’s Starlink, the satellite internet venture, that has stunned analysts with a projected revenue surge to $6.6 billion by 2024, showcasing its meteoric rise and disruptive force in the satellite communications industry. Meanwhile, a looming solar storm illuminated the skies with spectacular auroras, captivating observers with nature’s awe-inspiring display but also being a heads up on the risk this might pose to the electronic networks of the earth. On another front, the cost of robusta […]
May 5: Warren Buffet’s Record Cash, Tesla explodes on China news, Apple IPhone Sales drop (Recap ep276)
In today’s Recap, Marcello tells us that Warren Buffett’s company, Berkshire Hathaway, is making headlines for stacking up record cash reserves. Meanwhile, Tesla is soaring high after securing approval to launch its full self-driving technology in China, sending its stock price up by a whopping 15.31%. And over at Apple, its fortunes are mixed as its stock surged by 7% in after-hours trading, driven by impressive Q2 earnings and a substantial stock buyback announcement, despite a notable drop in iPhone sales. Bitcoin […]