Economy
Musk Says Tesla Sold Bitcoin to Prove Liquidity as Cash Alternative
Elon Musk said Tesla Inc. sold 10% of its Bitcoin holdings to demonstrate the token’s liquidity, while adding that he’s retained his personal investment in the cryptocurrency.
Tesla’s earnings report showed the firm — which bought more than $1 billion of the tokens earlier this year — generated $101 million in income from the sale. Musk said on Twitter that Tesla in essence was trying “to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet.”
Biden Wants Millionaires To Foot The Bill For Big New Social Programs
On Wednesday night, President Biden will propose a plan for billions of dollars of new spending for childcare, education and paid leave, and he’ll ask Congress to help pay for it by raising taxes on the wealthiest Americans when they sell stocks and other types of investments.
The proposal, which is certain to face resistance from Republicans and even some Democrats, calls for hiking capital gains taxes for those who make more than $1 million a year to fund what the White House is calling the American Families Plan.
What makes digital real estate buying valuable? NFT expert explains
Millions of dollars are being spent on digital real estate as the NFT wave sweeps the internet – but what makes the virtual land grab so popular?
Nonfungible.com founder and president Dan Kelly explained to “The Claman Countdown” Monday that it’s more than having the ability to frolic through a pixelated universe, especially since Kelly himself recently sold a plot of his own land for more than $100,000.
Corn Prices Touch 8-Year High As Albert Edwards Worries About Food Inflation
Chicago corn futures are up 3% Monday as supply concerns drive prices to an 8-year high.
“Corn is in the driver’s seat as there are supply worries as well as strong demand,” a Singapore-based feed grains trader told Reuters. “Corn is pulling prices of wheat and soybeans higher.”
Apple Rolls Out Major New Privacy Protections For iPhones And iPads
Starting Monday, iPhone and iPad users will have a simple but powerful new way to control how their data is used.
With Apple’s latest software update, iOS 14.5, iPhone and iPad users will now encounter pop-ups in the apps they use, asking whether the user wants to allow the app “to track your activity across other companies’ apps and websites.” The user can then select whether or not to allow the app to track them and share their data.
GameStop Soars After Successful $551 Million Equity Raise
GameStop shares are surging in after-hours trading following a statement by the firm that it has successfully completed an “at-the-market” equity offering program, selling 3.5m shares for gross proceeds of about $551m.
That is an average price of $157 per share (and the stock is trading near $200 after hours)…
Energy
Honda Aims To Go All-Electric By 2040
Honda said on Friday it plans to sell only zero-emissions vehicles across all its major markets by 2040, becoming the latest automaker to set a concrete target date for phasing out gas- and diesel-powered engines.
In North America, the Japanese automaker said it would aim for 40% of its salse to be zero-emissions vehicles by 2030 and plans to increase the proportion to 80% by 2035.
The Ugly Truth About Renewable Power
When Texas literally froze this February, some blamed the blackouts that left millions of Texans in the dark on the wind turbines. Others blamed them on the gas-fired power plants.
The truth isn’t so politically simple. In truth, both wind turbines and gas plants froze because of the abnormal weather.
Gold & Silver
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