In this week’s recap, we found the rise in the global markets, with the US Nasdaq adding the 7th record close, as investors further embraced corporate earnings that surprised to the upside. Investors worry the U.S. government’s response to the pandemic is taking the dollar down, in its worst monthly performance in a decade in July. The recent stimulus is accelerating what has so far been a slow erosion in USD status as the world’s dominant reserve currency. Rock-bottom U.S. interest rates […]
Recap August 2: Disastrous Economic Numbers – Harnessing Power of the Sun (Recap Ep082)
In this week’s recap, we talk about some disastrous economic numbers and how an international experimental nuclear fusion reactor is being built in France to “harness the power of the Sun” Work has begun to assemble giant components to build an international experimental nuclear fusion reactor in France, that is expected to start up in 2035 & deliver energy in a process inspired by the sun. Will generate power by combining atoms at a temperature of 150 million degrees Celsius (270,000,032 Fahrenheit) […]
Recap July 26: Tesla is profitable – Govt says UFOs exist (Recap Ep081)
In this week’s recap we talk about how the government says that UFOs are real and how Tesla is profitable and eligible for the S&P 500. Tesla, after 4 consecutive profitable quarters, is eligible to join the S&P 500 index in a move that may turbocharge the index of America’s top companies. The electric car firm reported $104 million in profit for the last quarter, even though its Fremont manufacturing plant was shut for nearly half of that period. Shares moved +4% […]
Recap July 19: Tesla’s Elon Musk Richer – Second Wave (Recap Ep080)
In today’s recap, we talk about how Elon Musk becomes the seventh richest person in the world and the effects on the economy of a second wave of the pandemic. Tesla CEO Elon Musk just passed Warren Buffett to become the world’s 7th wealthiest person. Musk’s fortune rose to over $6 billion Friday after Tesla’s stock surged 10.8% to a record $1,544 per share. Its market value now stands at $286.5 billion. Musk still owns 20.8% of Tesla’s stock, making his shares […]
Recap July 12: Elon Musk richer than Warren Buffett – Buffett starts to buy again (Recap Ep079)
In this week’s recap, we found that the U.S. markets had a mixed week, with gains made from fewer unemployment claims and a positive test for an anti-viral drug from Gilead Sciences overshadowed by a large increase in COVID-19 infection numbers. On Friday, the markets ended up positive. Tesla CEO Elon Musk just passed Warren Buffett to become the world’s 7th wealthiest person. Its fortune rose over $6 billion on Friday after Tesla’s stock surged 10.8% to a record of $1,544 per […]
Recap July 5: Tesla Makes History – Fed buys Apple, Microsoft (Recap Ep078)
In this week’s recap, the U.S. Federal Reserve has purchased the bonds of 794 different companies, including firms like Apple, Verizon, AT&T, & the U.S. divisions of Toyota, Volkswagen, & Daimler making up 10% of the amount spent. The plan is to buy $250B of debt already issued, and $500B in newly issued bonds. Fed officials say the goal of the buying is to maintain liquidity in the market for corporate debt, so that issuers are able to access capital, despite the […]
Recap June 28: Tesla Horrible Quality – Worst Economic Crisis since Great Depression (Recap Ep077)
This week’s recap found two key factors: the markets were affected by fears of a second outbreak of coronavirus in the US and major economic powers, and global monetary stimulus to boost the economy. Global stocks move higher in uneven trading on Thursday, as investors calculated the potential economic impact of a surge in U.S. coronavirus cases versus the loosening restrictions on the U.S. banking sector, while safer assets, including U.S. Treasuries & the dollar, oil & precious metals edged higher. The […]
Recap June 21: Tesla Asks Austin for Tax Break – Apple at Record Highs (Recap Ep076)
This week, the world stocks were moved by the fears of a second coronavirus outbreak and the tensions between the US and China. On the other hand, global markets rally Tuesday and Wednesday after the U.S. Federal Reserve launched measures meant to ease the strain on markets & help businesses hurt by the coronavirus pandemic with the Lending Program. U.S. President Trump, facing widespread criticism that his policies & inflammatory rhetoric have aggravated a racial divide in the United States, signed an […]
Recap June 14: Tesla ALL IN at $1,000 – Amazon/Apple record Highs (Recap Ep075)
In this week’s recap we talk about Elon Musk saying it was time to go all out and bring the Tesla Semi to volume production making the stocks jump. Amazon, Apple, Microsoft & Amazon also reached new record highs. Tesla shares topped $1,000 for the 1st time ever on Wednesday & early Thursday with a market capitalization of over $190B, before falling back. CEO Elon Musk wrote to employees that it was “time to go all out” & put its Semi truck […]
Recap June 7: SpaceX makes history – Looks like a recover! (Recap Ep074)
In this week’s recap we talk about what looks to be like a recover of the markets with the NASDAQ reaching new record highs and 19 hours after SpaceX’s Falcon 9 rocket lifted off Saturday from Florida, the Crew Dragon capsule docked with the International Space Station. Hong Kong has its 1st $1B+ listing in over 6 months as Chinese internet company NetEase launched a 2nd listing that could raise as much as $2.8B. Hasn’t had a hiatus of billion-dollar IPO’s last […]