Monthly Archives: August 2022

A travel company is advertising trips to Ukraine so tourists can see what it’s like to live in the middle of a war zone

An aerial view of a damaged area after Russian attacks in Moshchun Village, Kyiv Oblast, Ukraine on April 29. Dogukan Keskinkilic/Anadolu Agency via Getty Images Tourism site, Visit Ukraine, is providing tours of war-torn cities in Ukraine. The site says visitors can see shelled buildings, bomb debris, and destroyed military gear. Ukraine is currently under…

How creators and advertisers make money from user-generated content ads on platforms like TikTok

From left: UGC creators Salha Aziz, Ahmna Dailey, and Brianna Thompson. Salha Aziz, Ahmna Dailey, and Brianna Thompson. TikTok has led to a surge in UGC, or user-generated content, ads. Advertisers are are turning to it as a cheap, authentic form of promotion. And creators are cashing in, regardless of audience size. TikTok is fueling…

Jim Simons’ RenTech fund halved its Tesla stake last quarter – and dumped meme stocks GameStop and AMC

Jim Simons. The Abel Prize/YouTube Renaissance Technologies halved its Tesla stake and exited its GameStop and AMC wagers last quarter. Jim Simons’ quant fund supercharged its bet on Warren Buffett’s Berkshire Hathaway to $605 million. RenTech doubled its Tesla holdings and grew its GameStop wager by 118-fold in the first quarter. Renaissance Technologies halved its…

A German refinery partly owned by Moscow has started mixing US oil with Russian crude

German Economy Minister Robert Habeck. Andreas Gora/Getty Images A German oil refinery in Schwedt has begun blending US crude with Russian Urals, Bloomberg reported Monday.  The refinery, which is partly owned by Rosneft, is typically reliant on Russian crude but has started to turn to alternative supplies.  Germany’s Economy Minister has previously noted that Schwedt…

How Facebook creator Mark Zuckerberg makes and spends his $65 billion fortune, from Italian sports cars to millions in Hawaii real estate

Kim Kulish/Corbis via Getty Images Mark Zuckerberg is one of the most powerful and wealthiest figures in the world. He has a net worth of $64.7 billion, according to Forbes, and spends much of it on charity. But he also pours money into real estate, especially in Hawaii, and cars. Mark Zuckerberg is one of…

JPMorgan chief Jamie Dimon says China has ‘serious issues’ – and lays out what the US needs to do to push back against Beijing

JPMorgan chief executive Jamie Dimon warned the firm’s wealthier clients that China has ‘serious issues’ and could be ‘overreacting’ to tensions over Taiwan. Brian Snyder/Reuters JPMorgan CEO Jamie Dimon said China faces “serious issues” due to its food and energy usage. Dimon urged the US to take a stand against Beijing by upping its soft-power…

Tesla’s Shanghai Gigafactory made its 1 millionth car

Plant closures and other challenges didn’t keep Tesla’s Chinese factory from crossing a key milestone. As Electreknotes, company chief Elon Musk has revealed that Gigafactory Shanghai recently produced its 1 millionth car. As mentioned earlier in August, Musk noted that Tesla has made a total of 3 million electric vehicles to date. The facility has…