Tesla Tumbles, Erases ‘Earnings’ Gains As Going Private Chaos Turns “Ominous”

In the aftermath of Musk’s bizarre, emotional tell all in the NYT, as Tesla’s “going private” chaos turns more “ominous”, and as the SEC continues to get ever closer, while new lawsuits for market manipulation are filed daily by disgusted shorts against Elon Musk, investors…

“I Was Not On Weed”: In Tearful Interview, Musk Admits Nobody Reviewed Going Private Tweets

In a rare, hour-long interview with the New York Times, in which the increasingly unstable Tesla CEO “alternated between laughter and tears”, Elon Musk provided a unique glimpse into his mind, confirming just how fragile and combustible everything inside of it is right now. “This…

US Rules Out Removing Steel Tariffs To Turkey Even If Pastor Is Released

In the latest diplomatic salvo in the escalating war of words between Washington and Ankara, the United States on Wednesday ruled out removing steel tariffs that contributed to a currency crisis in Turkey even if Ankara frees a U.S. pastor, offsetting a pledge by Qatar…

Twitter CEO Jack Dorsey Explains Alex Jones Suspension, “Timeouts” 

In the latest media pit stop, Twitter CEO Jack Dorsey sat down with NBC News‘ Lester Holt, where he defended the company’s decision to put Infowars’ Alex Jones under a seven-day timeout over an offensive tweet linking to a video in which Jones encourages his audience…

Investor Sues AT&T For $224 Million For Cryptocurrency Loss

In light of the crypto-crash and ongoing cases of crypto-thefts, it was only a matter of time before a headline-grabbing lawsuit emerged. And sure enough, Reuters reports that entrepreneur and cryptocurrency investor Michael Terpin filed a $224 million lawsuit on Wednesday against AT&T, accusing the…

Lira Surges After Turkey Crushes Shorts, Imposes New US Sanctions, Denies Brunson Appeal For Release

In a day in which the dollar set new highs against all emerging market pairs and global risk was on the defensive, the Turkish Lira bucked the trend and extended its rapid rebound from record lows, after Turkish regulators imposed new “soft capital controls” to…

A Teacher’s Lament, Then and Now

In his 1962 essay titled “A Dog in Brooklyn, a Girl in Detroit: A Life among the Humanities,” from The Age of Happy Problems, Herbert Gold recounts how “neither glory nor pleasure nor power, and certainly not wisdom, provided the goal of [the] students” he…

Visualizing What You Have To Make Each Year To Reach The Top 1% In Each State

In 2015, the top 1% of Americans made 26.3 times as much income as the bottom 99 percent – an increase from 2013, when they earned 25.3 times as much, according to a recent study released by the Economic Policy Institute, a left-leaning Washington, D.C. think…

Capital Controls Next? Lira Rebounds After Turkey Bank Regulator Limits FX Swap Operations

In the first tentative step toward the final option available for Erdogan to halt the Lira’s accelerating collapse – which crashed as low as 7.2362 earlier after the Wellington FX open following the the Turkish president’s latest belligerent comments – namely capital controls, the Turkish…