Bill Ackman. Reuters Bill Ackman warned the Fed will probably fail to bring down inflation to its 2% annual target. The Pershing Square chief predicted higher long-term interest rates — a headwind for stocks. Pershing’s hedges have generated over $5 billion in profits since the start of 2020. Bill Ackman expects inflation and interest rates…
Monthly Archives: November 2022
Multiple top execs have departed Twitter under Elon Musk’s leadership. Jae C. Hong/AP Twitter’s head of US content partnerships announced she had left Elon Musk’s platform. Sarah Rosen tweeted about her departure, writing “we had it good at Twitter 1.0.” Per reports, Twitter also recently lost its head of ad sales, as well as its…
Good morning to my favorite corner of the internet. Senior reporter Phil Rosen here. It’s good to see you. Today, we’re zooming in on the revealing calls that took place just before the fall of FTX, between Sam Bankman-Fried and a rival exec. I caught up with that exec to hear about Bankman-Fried’s eleventh-hour scramble…
Alex Jones. AP Photo/J. Scott Applewhite, File Elon Musk said he won’t restore conspiracy theorist radio host Alex Jones’ Twitter account. He said he has “no mercy” for people who “use the deaths of children for gain, politics, or fame.” Musk recently reinstated formerly banned accounts like Donald Trump, Kanye West, and Andrew Tate. Elon…
An artist’s concept of a crewed Artemis mission to the moon’s surface in the 2020s. NASA NASA expects humans to live and work on the moon by 2030, an official said. NASA launched an unmanned spacecraft to the moon last week, considered a key preliminary step. Astronauts living on the moon could be used as…
Hey y’all, welcome to Monday. Back behind the keyboard this week, I’m Jordan Parker Erb. A thousand thanks to Matt Weinberger, who was an excellent 10 Things in Tech captain while I was away. So, did I miss anything? I mean, aside from the massive cuts at Amazon, Twitter’s continuing meltdown, and the spectacular implosion…
Mike Wilson, Morgan Stanley’s chief investment officer. Bloomberg TV Morgan Stanley’s Mike Wilson expects the benchmark S&P 500 will bottom out next year. That presents stock investors with a “terrific buying opportunity,” the investment chief told CNBC. US stocks have been turbulent this year as the Fed hikes interest rates to fight inflation. The S&P…
FilmMagic/FilmMagic for HBO A Twitter engineer said he believes he was fired for violating for criticizing Elon Musk on Slack. He said he would have come up with “way cleverer and more devastating jokes” if he’d known he’d be fired. Musk has been quick to get rid of workers who disagree with him. A fired…
Following its stretchy LCD panels, LG Display’s latest gadget is a super-thin speaker designed to be installed in car interiors while remaining “invisible.” The Thin Actuator Sound Solution was developed with a “global audio company” (LG didn’t say which), as a replacement for traditional speakers in automobiles. The system eschews the usual voice coils, cones…
NASA’s Artemis I mission will hit a key milestone today as the Orion capsule makes its “outbound powered flyby” of the Moon, getting as close as 80 miles to the surface. The burn is the first of two maneuvers required to enter what’s known as a “distant retrograde orbit” (DRO) around the Moon. During the…