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Thursday, March 20, 2025

Tesla's value makes no sense. It offers nothing that Toyota doesn't also offer. The only reason Tesla is so stupidly valuable is because it is treated as a speculative meme stock. read more


Europe needs to be able to deter potential invaders by 2030, the EU executive has said as it launched a push to buy more weapons in the bloc and from allied countries, rather than from the US. The UK, US and Turkey will be excluded from defense contracts funded by a 150bn EU loans program, unless they sign a security and defense partnership agreement with the EU. The 150bn loans scheme will be open to EU member states as part of a massive surge in defense spending, but 65% of the costs of equipment funded must come from suppliers in the EU, Norway or Ukraine. The rest could be spent in non-EU countries with a security agreement. read more


Federal Reserve Chairman Jerome Powell warned Wednesday that President Donald Trump's tariffs and the "turmoil" surrounding his administration are expected to cause inflation to rise this year. An increase in unemployment figures is also expected, he told reporters Wednesday after a two-day meeting of the Federal Open Market Committee, in addition to "somewhat elevated" inflation moving the previously anticipated 2.5% estimate to 2.8% by year's end. "A good part of it is coming from tariffs," Powell explained. read more


Wednesday, March 19, 2025

"This would be a really weird recession, right? I mean, it's a recession by design," he said. "The economy came into the year rip-roaring, exceptionally strong, and we're pushing it in because of policy." "The recession risks are uncomfortably high and they're rising," Zandi said Wednesday on CNN. "I think they're less than 50/50, but it really does depend on the president, what he does here." read more


Footage captured on Tuesday shows the unnamed tourists, who had visited Ireland for St. Patrick's Day, cowering in an alley after ducking the fare while the disgruntled driver brandished his whip and threatened them. "Pay now, pay into my f---ing bank account," the driver shouts while cracking his whip at the terrified duo. read more


Comments

haven't seen that and unlike rein and clown and others here....I'm not gonna try to comment on something I haven't looked at and checked the source.
thanks for the reply.
#77 | Posted by shrimptacodan

Trump's US Commerce Secretary, who owns Tesla stock, publicly recommends to buy TSLA

Trump's US Commerce Secretary, Howard Lutnick, who indirectly owns Tesla (TSLA) stocks through his firm, has publicly recommended buying Tesla stocks today. This is likely the first time that a sitting US Commerce Secretary publicly recommends to buy a specific stock. The circumstances in which this first is happening are genuinely astonishing.

Lutnick is known for his multi-billion-dollar stake and long-time leadership at the investment bank Cantor Fitzgerald. Starting in 2022, Cantor Fitzgerald began to buy Tesla stocks and significantly increased its investment in the automaker in 2024 during a bull run: After Trump won the election last year with the help of a $250 million political donation from Elon Musk, the Tesla CEO started to recommend Lutnick for the significant role of Secretary of the Treasury. After being nominated by Trump, Lutnick said that he would be divesting from his holdings, which are mainly linked to Cantor Fitzgerald, within 90 days. The 90 days are not up yet, but there is no update on whether he has started divesting yet.

Today, he went on Fox News and recommended viewers buy Tesla stocks
electrek.co

No conflicts there.

If you think Tesla is such a sure thing, you should pick up as many shares as you can afford. Maybe mortgage your house while you're at it. I hear that's what all the non-idiots are doing.

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