By CCN: In less than one month, the share price of the Tesla stock has dropped from $273 to $211 by more than 22.7 percent following the fall out of recent trade discussions. While Tesla bulls remain optimistic about the long-term prospect of the firm, some strategists are concerned about the cash flow of the …
By CCN: Arnold Schwarzenegger, star of “The Terminator” (and nothing else lately), found himself the victim of an assault at an event in South Africa. While attending “Arnold Classic Africa” in Johannesburg, which features a wide array of sporting events and physical activities, the 71-year-old “Last Action Hero” was filming participants when he received a …
By CCN: By the end of Wednesday’s trading, Warren Buffett’s company Berkshire Hathaway had a stake in Amazon’s stock worth $904 million, an SEC disclosure reveals. To get a sense of scale for how big Amazon.com is, the $900 million stake in Amazon’s stock only puts Berkshire Hathaway in control of 0.1% of the e-commerce giant’s …
By CCN: Highly-anticipated first-person shooter video game Rage 2 hit the stands just a day ago, but it is already making headlines for an entirely different reason – a hilarious easter egg that takes a savage dig at Tesla CEO Elon Musk. Rage 2 Royally Roasts Billionaire Elon Musk PC Gamer’s James Davenport was wandering …
By CCN: Twitter needs to update its restricted content policies for financial products and services as it relates to crypto. The company is behind the times now that Facebook has decided to loosen up about the market. Jack Dorsey is one of bitcoin’s biggest fans in Silicon Valley. Yet for some reason, his social media …
By CCN: Boeing stock dropped 1.29% to $371.77 today, after falling as low as $366 when the Wall Street Journal reported that the company knew of the 737 MAX safety issues a year before reporting them to the FAA. The decline, which comes on top of previous stumbles, simply gives buyers an opportunity to buy …
By CCN: In an interview with Fox Business, Warren Buffett and Charlie Munger of Berkshire Hathaway revealed they would not be a fan of Coca-Cola getting into the cannabis business. Munger said: “It would be a big mistake. [Coca-Cola has] got such a wholesome image and cannabis doesn’t. It’s that simple.” Buffett added: “There’s something …
By CCN.com: Billionaire investor Warren Buffett has announced plans to enter Dubai’s real estate market. His company, Berkshire Hathaway, is surprisingly eyeing an expansion into Dubai at a time when the region’s real estate market is slumping. Boom and Bust Cycles Ever since the oil slump of 2014, Dubai’s economy never fully recovered. Prices have …
By CCN: Facebook announced today that it’s banning some of its most bombastic pundits for violating its policies against dangerous or violent individuals and organizations. Those banned included InfoWars founder Alex Jones and InfoWars lieutenant Paul Joseph Watson. Also booted were Milo Yiannopoulos, Laura Loomer, and Louis Farrakhan. In a statement, the company explained: “We’ve …
By CCN: Tesla (TSLA) has had a poor first quarter in 2019, suffering from various occurrences such as the reported explosion of a Tesla Model 3 in China and a big miss on earnings. From January to March, Tesla was expected to generate a revenue of $5.19 billion but fell short at $4.54 billion, possibly …