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Taking over Twitter may be good for Elon Musk, but it hasn't been good for Tesla's shares.
One day after Twitter announced it had accepted Musk's $44 billion takeover bid, Tesla shares sank 12.2%, wiping out more than $125 billion off the electric vehicle maker's market value.
When Musk announced he had secured the money to finance the transaction, he said he would cover $21 billion himself, with banks helping finance the other half. What remains unclear is how he will come up with that money — whether he will sell some of the Tesla shares he owns, borrow against them, bring in additional investors, or all three.
If Musk does offload some of those holdings, it could drive Tesla's share price down further. This is something the company warned investors about in its latest annual report, filed in February with the U.S. Securities and Exchange Commission.
"If Elon Musk were forced to sell shares of our common stock that he has pledged to secure certain personal loan obligations, such shares could cause our stock price to decline," the company wrote.
NEW YORK — More workers may soon be able to stake some of their 401(k) retirement savings to bitcoin, as cryptocurrencies crack even deeper into the mainstream.
Retirement giant Fidelity said Tuesday that it's launched a way for workers to put some of their 401(k) savings and contributions directly in bitcoin, potentially up to 20%, all from the account's main menu of investment options. Fidelity said it's the first in the industry to allow such investments without having to go through a separate brokerage window, and it's already signed up one employer that will add the offering to its plan later this year.
I have a special style. You can see it (here). Since 2013, I have been practicing sell to cash at certain conditions (proprietary). Since retirement in 2018, my selling rules are tighter, I never lost more than 1% from any last top. Going to cash depends on big picture analysis + current conditions and why it's different from others. I missed all the big meltdown of Q4/2018, 03/2020 and YTD. I can be wrong, it happened twice since 2013, I was back within 3-4 days.FD1000
+1
Is the Schmeissing just getting started?
Inquiring minds want to know...
Since when? Climate science is not new:https://en.wikipedia.org/wiki/History_of_climate_change_scienceI am interested in companies' current actions on climate and not words. NYT, like most media these days, has devolved into selling outrage.
At one point about a decade ago 97% of climate scientists concurred based on many decades of research that anthropogenic climate change--the kind exacerbated by human activity, not the "natural" kind the current deniers fixate on--was a serious problem and threat. Many of the remaining 3% had ties to the fossil fuel industry. Now that percentage is 99% as the evidence is overwhelming. I would add that the evidence for climate science is far more conclusive than any financial theory currently accepted in the market or on Wall Street.In 1896 Svante Arrhenius used Langley's observations of increased infrared absorption where Moon rays pass through the atmosphere at a low angle, encountering more carbon dioxide (CO2), to estimate an atmospheric cooling effect from a future decrease of CO2. He realized that the cooler atmosphere would hold less water vapor (another greenhouse gas) and calculated the additional cooling effect. He also realized the cooling would increase snow and ice cover at high latitudes, making the planet reflect more sunlight and thus further cool down, as James Croll had hypothesized. Overall Arrhenius calculated that cutting CO2 in half would suffice to produce an ice age. He further calculated that a doubling of atmospheric CO2 would give a total warming of 5–6 degrees Celsius.[32]
What do you do for excitement? :)Don't know. I'm in cash for months and only made a few short term trades.
https://www.nytimes.com/2022/04/25/business/energy-environment/warren-buffett-climate-change.htmlBerkshire Hathaway conglomerate ... owns energy companies, a railway, insurance companies and other businesses that pump huge amounts of carbon dioxide into the atmosphere. As Mr. Buffett holds out, critics complain that Berkshire’s businesses are doing less to cut emissions than similar companies.
Mr. Buffett has repeatedly resisted shareholders who want Berkshire to provide detailed climate disclosures that encompass the whole company, not just parts of it, and spend more on sustainability. ...
Despite Mr. Buffett’s insistence that his businesses are doing a lot to fight climate change, the company’s energy subsidiary in particular has set weaker targets for carbon emissions than other utility companies like Duke Energy and Dominion Energy. ...
On getting to net zero, Berkshire Hathaway Energy uses looser language than other utilities, saying it is “striving to achieve net zero greenhouse gas emissions by 2050 in a manner our customers can afford, our regulators will allow and technology advances support.” Xcel Energy and Duke Energy have said they are committed to reaching net zero carbon emissions by 2050.
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