If you somehow haven’t heard, Elon Musk has bought Twitter and has already started announcing and enacting major changes to how the social media site operates. One of the most controversial is that Twitter Verification will go from a free feature to a paid one, but the change might be even worse than we first…
Carla Vianna has been able to pay off debt while affording luxuries that she hadn’t dreamed of. Carla Vianna In 2020, Carla Vianna was sharing a $2,250 studio apartment in New York with her Brazilian partner. She knew it was time to move when she started using her savings to keep up with rent payments….
Elon Musk is reportedly planning to slash roughly half of Twitter’s 7,500 employees this week. But the conflict between Twitter’s old guard and the new owner’s loyalists is just getting started. NurPhoto/Getty Images This as-told-to essay is based on a conversation with a current Twitter employee. Though the employee asked to remain anonymous due to…
A LNG tanker ship at a terminal in China. VCG/Getty Images Dozens of LNG tankers are idling off Europe’s coast as they hold out for higher prices, per the FT. Combined, the 30-plus ships are carrying natural gas worth $2 billion, according to Vortexa data. European natural gas prices have fallen since summer, but traders…
Russian reservists called up in its military draft, seen in the Rostov region of Russia on October 31, 2022, before being deployed to Ukraine. REUTERS/Sergey Pivovarov Russia is likely using “blocking units” to threaten to shoot retreating soldiers, UK intel said. A UK intelligence briefing ascribed the move to “low morale and reluctance to fight.”…
TGIF! It’s Dan DeFrancesco checking in from NYC. Don’t forget to turn your clocks back on Saturday night. If you have a young child you’re trying to keep on a sleep schedule, Godspeed. Today we’ve got stories on how the top hedge funds performed in October, one investment bank staying bullish on hiring, and perhaps the…
Rep. Marjorie Taylor Greene (R-GA) at a campaign rally in Sioux City, Iowa, on November 3, 2022. Stephen Maturen/Getty Images Rep. Marjorie Taylor Greene spoke at a rally in Iowa on Thursday ahead of the mid-term elections. She told the crowd that Paul Pelosi “should have been a gun owner and shot his attacker.” Greene also said…
Twitter’s new leadership is making some advertisers nervous. Theo Wargo/Getty Images. Advertisers including Volkswagen, Audi, and Pfizer have reportedly paused their ads on Twitter. General Motors and food company General Mills have also temporarily suspended advertising. “At this moment, we cannot confidently state that Twitter is a safe place for brands,” one advertising agency said….
Kenneth Rogoff. REUTERS/Eduardo Munoz The Fed might have to raise interest rates above 6% to squash inflation, Kenneth Rogoff said. The Harvard economist warned there’s a sizeable risk of a severe US recession. Rogoff noted economic weakness in Europe, China, and Japan could weigh on US growth. Conquering red-hot inflation could require lifting US interest…
Vladimir Putin, then Russia’s prime minister, with a replica Kalashnikov rifle in April 2012. ALEXEY DRUZHININ/AFP/GettyImages Kalashnikov, the famed weapons maker behind the AK-47, has reported a spike in small-arms sales. The Russian company says there’s been a boom in exports and sales to civilians overseas. The increase comes as Moscow calls up troops —…