In this week’s Recap, Marcello talks about a warning shared by the UK about possible future blackouts in the country; Mark Zuckerber, the head of Meta, is reportedly building a massive underground bunker and escape hatch inside a $270 million fortress in Hawaii; Coinbase is set to sue the SECfollowing the denial of transparent crypto regulation. Argentina to weaken its peso over 50% to 800 per dollar, cut energy subsidies & cancel tenders of public works, new Economy Minister Luis Caputo announced […]
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December 10: Last “Normal” Christmas, Blackouts in Sri Lanka, Google fakes Gemini presentation (Recap Ep256)
The week began with Sri Lanka experiencing a nationwide power outage attributed to a system failure. Meanwhile, a foreboding sentiment emerged as experts warned that the current Christmas season might be the last celebrated in what we perceive as ‘normal’ times. The World Economic Forum added to this sense of unease, predicting that 2024 could bring about “cataclysmic” changes. Further aggravating the situation, a report highlighted a significant shrinkage of the middle class, with only the top 30% of households affording what […]
December 3: Tesla Delivers First Cybertruck, Charlie Munger Dies, Cristiano Ronaldo Sued over Binance (Recap ep255)
In today’s recap, Marcello talks about the first official delivery of Tesla’s renamed Cybertruck, which is now also known as Cyberbeast due to its characteristics and performance; Charlie Munger, Warren Buffet’s friend and business partner, has died at 99 years old; Cristiano Ronaldo, the world-famous football (soccer) player, is being sued for over one billion dollars due to his participation in promoting Binance. Henry Kissinger, the dominant U.S. diplomat of the Cold War era who helped the U.S. open up to China, […]
November 27: Peace Deal, Thanksgiving Meal Up 30%, Freedom for Argentina (Recap ep254)
In today’s Recap, Marcello talks about a 4-day cease-fire agreement between Israel and Hamas to exchange prisoners; Thanksgiving turkey dinner is 30% more expensive since Biden took office. Argentina has elected libertarian Gabriel Milei as its next president, and he promises to change heavily the way the country has been governed over the last decades. The U.S. home device maker iRobot shares surged +39.08% on Friday at $41.48. The jump came after it was reported, that Amazon is about to win regulatory […]
November 19: Chaos with Chat GPT, SpaceX Launches Falcon Heavy, Consumer Spending Alarm (Recap Ep253)
In this recap, Goldman Sachs’ David Kostin reports resilience in S&P 500 Q3 earnings per share, marking the first growth since last year. Meanwhile, a significant development emerges from Switzerland, where a systematic review has prompted the banning of mammograms due to uncertainties about their effectiveness, false positives causing harm, and unfavorable cost-effectiveness ratios in screening programs. Commodities make waves with a Texas study revealing that the hidden costs of fueling electric vehicles far outweigh the upfront savings, equivalent to roughly $17 […]
November 12: Elon Musk Drops New AI Grok, McDonald’s Closes San Francisco, Cyber Attacks Increasing (Recap ep252)
In today’s recap, Marcello talks about Grok, the new AI that Elon Musk unveiled. After thirty years, McDonald’s is being forced to close due to an implosion in downtown San Francisco. US Treasury trading was interrupted by an unanticipated cyberattack. U.S. wheat shipments dropped to the lowest ever, interrupted by a shrinking Mississippi River & competition from ample global grain supplies. Drought has dried up the Mississippi, where roughly 2/3 of US grain exports historically have been shipped on barges to the […]
November 5: Tesla pauses Mexico factory, Jeff Bezos moving Miami, Japan bans cancer causing American food (Recap ep251)
In this week’s Recap, Marcello talks about the greenlight that was given to Tesla to build a Gigafactory in Mexico, which is on hold due to concerns about the global economy; Jeff Bezos is moving to Miami; and Japan is banning commercial American cereal snacks that are “causing people cancer”. Danish shipping giant Maersk founded in 1904 shares & a bellwether for global trade, plunged -15.43% on Friday at $7.29, to its lowest level since October 2020, after stating profits will come […]
October 29: Europe require visas for Americans? Elon Musk $1Billion Dickipedia, Israel invades Gaza (Recap ep250)
In today’s recap, Marcello talks about an upcoming must-have permission from Europe for all American citizens planning to visit Europe in Spring 2025. A visa won’t be required, but you would need to apply for permission in advance. Elon Musk has offered $1 billion to Wikipedia to change its name to Dickipedia in the interest of accuracy. Israel has expanded its military ground activity in Gaza. U.S. consumer spending increased more than expected in Sept. at a sharp 0.7%,vs 0.5% forecast, as […]
October 22: War Israel Heats Up, Elon Musk loses $16 Billion, China Beats Europe (Recap ep249)
In today’s Recap, Marcello talks about the escalation of the armed conflict between Israel and Palestine and explains briefly the effects of this confrontation while not taking any sides. Due to the fall in value of Tesla’s stock, Elon Musk has lost $16 billion of its fortune; the Chinese Yuan has surpassed the Euro and became the world’s second most used currency for SWIFT trade settlements. The war between Israel & the Palestinian group Hamas that began Oct 07, has already spilled […]
October 15: Get Ready for World War 3, Glyphosate found Fast Food, Ferrari accepts Crypto/Bitcoin (Recap Ep248)
This week’s headlines were dominated by the escalating conflict between Israel and Palestine, casting a shadow over other global events. The situation saw oil prices surge nearly 4% after Hamas’ unexpected attack on Israel, an act that threatened to further destabilize the Middle East. The Israeli economy felt the heat as the Shekel plunged to its lowest value against the USD since 2016. In a bid to bolster its currency, the Bank of Israel has revealed plans to offload its foreign reserves. […]