Rudy Giuliani: Unmasking The Mayhem Behind The Mayor
Rudy Giuliani is one of my favourite politicians. No not because I agree with his politics, because he kind of reminds me of that Mayor from Spin City, who did ridiculous things, and you’d roll your eyes and be like, “no one is that ridiculous, this is just poorly written, far fetched comedy.” But, if the […]
Firm Vs. Founder: Project Veritas Sues James O’Keefe, Explained
The right-wing activist group Project Veritas sued its creator, James O’Keefe, on Wednesday, alleging he breached his employment agreement by starting a competing organization and courting funders while still on Project Veritas’ payroll. “Being known as the founder of an organization does not entitle that person to run amok and put his own interests ahead […]
China Reportedly Working On Measures To Support Troubled Property Market
China is reportedly working on a fresh package of measures to assist the property market after existing policies failed to sustain a recovery in the ailing sector. Under the guidance of the State Council, regulators are considering lowering the down payment in some non-core neighborhoods of major cities, lowering agent commissions on transactions, and further […]
Trudeau Bends Over For Stellantis
Stellantis NV (NYSE: STLA) is likely to earn more subsidies for a new electric-vehicle battery plant in Canada than Volkswagen AG did for a similar project. Stellantis and South Korean partner LG Energy Solution Ltd. unveiled the Windsor, Ontario factory last year, but work has been paused as they negotiate further financial assistance from Prime […]
The Saga of Bob Lee & Cash App
We often hear mumblings of ‘The Lifestyle’ in the tech world. I know this may be shocking to some, but it appears that rich people like having sex with lots of people and they also really like experimenting with drugs. Whether were talking about Elon Musk having an affair with Google founder Sergey Brin’s wife, or […]
China’s Gotion High-Tech to Invest $6.5 Billion in Africa’s First Gigafactory
Chinese electric vehicle battery giant, Gotion High-Tech, has announced plans to invest over $6.5 billion in building the first gigafactory in Africa, located in Morocco. The announcement was made during the ongoing 2023 “GITEX Africa” event in Marrakesh, which focuses on showcasing technology and startup initiatives. A Memorandum of Understanding was signed between Li Zhen, […]
Good Money After Bad? Lucid Motors Raises US$3 Billion From Stock Sale
After the market close on May 31, Lucid Group, Inc. (NASDAQ: LCID) announced that it had raised about US$3 billion. US$1.8 billion of funds raised came from its majority stockholder, Saudi Arabia’s Public Investment Fund (PIF), and US$1.2 billion from a public offering. Altogether, Lucid issued 439.2 million new shares at an average price of […]
Japan’s Government Foregoes Copyright Enforcement on Data Used for AI Training
The Japanese government recently asserted that it would not require copyrights on data used in AI training, a decision that has drawn both surprise and concern. AI can use any data for training, irrespective of its source, whether it’s non-profit or commercial, or even if the content is illegally obtained. This move was confirmed by […]
Costco Sees Recession-Like Behavior In Meat Purchases As May Sales Decline
Consumers are seemingly substituting their beef with cheaper options like pork and poultry, even to canned products, leading Costco Wholesale Corporation (NASDAQ: COST) to draw parallels from past recession periods where the phenomenon last took place. “Historically, like within fresh protein, we’ve always seen when there’s a recession, whether it was ’99 or ’00 or […]
Dollar General Shares Plummet On Lower Q1 2023 Profit, Sales Growth Outlook
Dollar General Corporation (NYSE: DG) reported its fiscal Q1 2023 financials, topbilled by a quarterly revenue of $9.34 billion, up from Q1 2022’s $8.75 billion. This failed to beat the consensus estimate of $9.47 billion. A slightly higher interest expense led the firm to notch a lower net income of $514.4 million during the quarter, compared […]