Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

The Dogefather rides popularity wave – but not with everyone | TICKER VIEWS

Published

on

(He’s actually not super popular with Tesla investors but more on that shortly).

Elon Musk has 54 million followers on Twitter and after sending this into the Twitterverse: 

Nearly 4 million people voted one way or another, around 100,000 retweeted, and over 70% answered ‘yes’ to the provocative question. Dogecoin’s price shot skyward immediately.

Musk is riding a tsunami of popularity after co-hosting Saturday Night Live, he took us further inside his remarkable mind during a wide ranging chat with the Wall Street Journal.

The 49-year old didn’t hold back in describing what’s wrong with business in the US.

“I think there might be too many MBA’s (Master of Business Administration) running companies. There should be focus on the product and service itself.” 

He has no interest in companies purely focusing on profit, board meetings and spreadsheets. 

“Why even have companies? A company has no value in and of itself. It only has value, to degree that is, being an effective allocator of resources to create goods and services that are of greater value than the costs of the inputs.”

Musk is adamant we can all develop a ‘product mindset’ like his. 

There are a number of steps involved with one constant “step number one would be try. Have you tried? Have you tried hard? And if you haven’t tried hard, try harder. I think it is learnable. It’s not some mysterious thing.”

Elon Musk/Getty Images

Now back to those angry investors. Tesla has had a bad recent run of PR in China and sales have been hit.

Last month Tesla was the target of protestors at China’s biggest auto show in Shanghai after owners vented their fury following problems with their cars.

These aren’t insignificant challenges but you get the feeing it won’t keep the new Texas resident up at night.

His focus is very clear “the two biggest things that I’ve got going on right now are the starship development in South Texas” and Tesla’s Gigafactory site near Berlin that’s just been approved.

Following Musk’s every move and motive is tricky, but you can guarantee one thing, wherever he directs his energy he is going to try very, very hard.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Money

U.S. jobs report, Fed decisions, and Japan’s economic risks explained

January US jobs report sparks uncertainty; analysts debate impact on Federal Reserve policy and market confidence.

Published

on

January US jobs report sparks uncertainty; analysts debate impact on Federal Reserve policy and market confidence.


The January US jobs report shows a mixed picture for the economy, with payroll revisions and steady unemployment leaving analysts questioning the impact on Federal Reserve policy. We break down what the numbers mean for interest rates and market confidence.

US stock markets could face turbulence as investors digest the latest jobs data. David Scutt from StoneX explains how these figures may influence equities and what the outlook is for global markets.

Meanwhile, developments in Japan and a strengthening yen could spark new macroeconomic risks. From carry trades to unexpected shocks, we explore how these factors ripple across the global economy.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#USJobsReport #FederalReserve #StockMarket #MacroRisks #JapanEconomy #GlobalMarkets #CurrencyTrading #EconomicUpdate


Download the Ticker app

Continue Reading

Money

Alphabet launches $20B bond to fund AI expansion

Alphabet’s $20B bond offering highlights investor confidence in AI growth, enabling funding without shareholder dilution.

Published

on

Alphabet’s $20B bond offering highlights investor confidence in AI growth, enabling funding without shareholder dilution.


Alphabet has launched a record $20 billion bond offering to finance its massive AI infrastructure build-out, signalling strong investor confidence in the company’s growth strategy. The oversubscribed sale shows that investors are betting on Alphabet’s AI potential and long-term returns.

By using debt instead of equity, Alphabet can raise funds without diluting shareholders. The money will support AI research, advanced computing, and other strategic projects, cementing the company’s leadership in the sector.

Brad Gastwirth from Circular Technologies explains how corporate debt is reshaping tech financing and how investors perceive AI-linked bonds. This record issuance could set a trend for other tech companies looking to fund innovation.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker


Download the Ticker app

Continue Reading

Money

AI tax tool sparks market turmoil for financial firms

Major financial firms’ stocks fell sharply after an AI tax tool launch, raising investor fears of disruption in advisory services.

Published

on

Major financial firms’ stocks fell sharply after an AI tax tool launch, raising investor fears of disruption in advisory services.

Shares of major financial services firms tumbled after the launch of a new AI-powered tax planning tool. LPL Financial dropped nearly 11%, while Charles Schwab and Raymond James Financial fell more than 9%, signalling investor concern over AI disrupting traditional advisory services.

Morgan Stanley also saw a 4% decline as fears grow that AI could replace some of the most profitable offerings of established firms. Earlier this year, the introduction of other AI models already caused turbulence in software stocks, suggesting this could be a broader trend affecting multiple sectors.

The iShares U.S. Broker-Dealers and Securities ETF was down 4% on Tuesday, reflecting the market-wide uncertainty surrounding AI adoption in finance. Investors are closely watching whether AI will complement or cannibalise the industry’s core services.

#AIImpact #WallStreet #FinancialMarkets #InvestingNews #MorganStanley #CharlesSchwab #RaymondJames #FinTech


Download the Ticker app

Continue Reading

Trending Now