Traynor Ridge: Where Did The Money Go?
The Canadian finance landscape was rocked last month by the sudden death of 30 year old hedge fund founder Chris Callahan. According to a touching and anguished obituary Callahan founded Toronto based hedge fund Traynor Ridge Capital in 2020, making him one of the youngest hedge fund managers in Canada. The plot thickened in late […]
Elon Musk’s Antisemitic Era: Tesla Bulls Changing Tune, X Advertisers Pulling Out
In the current climate, Tesla (NASDAQ: TSLA) investors are facing several concerns. Vehicle sales are being buoyed by significant price reductions, the much-anticipated Cybertruck is expected to incur losses for a year, and there is a lack of clarity on the launch timeline for Tesla’s $25,000 entry-level car. Amidst these challenges, some investors are expressing […]
The NRA’s Influence May Be Shrinking
152 years into its existence as a defender of Second Amendment Rights, the National Rifle Association (NRA) isn’t as formidable as it was once thought to be. Its reputation is shrinking as legislative failures pile up. Its membership numbers, and in effect its revenues, are dwindling. A recent Newsweek story highlights notes that the size […]
Sam Altman Kicked From OpenAI By Board Of Directors
Sam Altman is being removed from the role of chief executive officer of OpenAI, following a review by the firms board of directors. He will also be leaving the firms board. The decision is said to follow a “deliberative review process” that was conducted by the board, which determined that Altman was “not consistently candid […]
US Senator Shorts Tesla Via Puts, Musk Shot Back At “Gluttons For Punishment”
Tesla, Inc. (NASDAQ: TSLA) shares have experienced a challenging period, with sporadic attempts at recovery. In light of this, Republican Senator Tommy Tuberville, known for his recent involvement in military promotion blockades, revealed bearish transactions concerning the electric vehicle giant on Thursday. Last month, Tuberville executed a series of stock transactions, totaling nearly $3 million, […]
Amazon To Start Selling Cars Online In 2024
You may soon be able to ask Alexa to buy you a Hyundai. Amazon (NASDAQ: AMZN) is set to enter the US vehicle sales market in 2024, allowing local car dealers to directly sell vehicles through its platform. The announcement, made jointly with South Korean car manufacturer Hyundai (KRX: 005380) at the 2023 LA Auto […]
Biden Administration Aims To Boost Local Battery Manufacturing
The U.S. Department of Energy announced on Wednesday a funding allocation of up to $3.5 billion to enhance domestic production of batteries and battery materials, as outlined in the infrastructure law signed by President Joe Biden in 2021. The objective of this funding is to strengthen battery manufacturing and supply chains by expanding domestic facilities […]
IBM Halts X Advertising After Ads Appeared Alongside Pro-Hitler Content
IBM (NYSE: IBM) has swiftly halted all advertising on Elon Musk-owned X following a report revealing that its ads were appearing alongside content promoting Adolf Hitler and the Nazi Party. The suspension comes in the wake of a controversial endorsement by Musk of an antisemitic post on X. The comment falsely accused members of the […]
Pierre Lassonde Isn’t Too Happy About the Teck-Glencore Deal
Veteran mining entrepreneur Pierre Lassonde expressed his bewilderment at Teck Resources’s recent decision to sell its coal unit to a Glencore-led consortium for $9 billion. Lassonde, who said he was “mystified” by the decision, revealed that his consortium, which included Fairfax Financial Holdings founder Prem Watsa and Stelco Holding CEO Alan Kestenbaum, had submitted a […]
Snoop Dogg Gives Up Smoking Days After Signing A Vape Deal
Snoop Dogg, the renowned hip-hop artist and entrepreneur, surprised fans with an announcement on social media that he is giving up smoking. In a black-and-white post shared on Thursday, the rapper, whose real name is Calvin Broadus, stated, “After much consideration & conversation with my family, I’ve decided to give up smoke. Please respect my […]