Citigroup Is Flooded With Russian Exposure (~$10 Billion)
Citigroup made the announcement on Monday that they had nearly $10 Billion tied up in Russia at the end of 2021. Some of Citi’s assets are tied in a consumer … Read More
Category: Business
Offshore Wind Energy Companies Strike Big With $4.37 Billion in Total Winning Bids
The Department of Interior announced on Friday a lease sale was finalized for over 488,000 acres in the New York Bight. The sale was spread across a total of six … Read More
SEC Investigates Elon & Kimbal Musk Over Potential Insider Trading
The SEC is flexing on Elon again, this time coming after him, and his brother Kimbal. The Wall Street Journal reported that the SEC is investigating whether or not sales … Read More
Carl Ichan: Big Pig Guy
Carl Ichan (debatable investing legend) is shaking up the McDonald’s board as he nominated two members to the board, the Wall Street Journal reported. Ichan had been engaging in heated … Read More
Plentiful Palantir Pain
Touted as one of the massive contenders in intellectual and proprietary knowledge surrounding their government contracts, Palantir has found nearly every way to underperform and leave shareholders holding the bag. … Read More
From Pixar To Property
The past several months have been filled with hopes and dreams of our society transitioning from our reality to a new form of reality, the metaverse. For months the hype … Read More
Billionaires Bet on Rivian
Since the start of the pandemic, the electric vehicle market has seen a rapid increase in competitors attempting to take down Tesla or at least have somewhat of an impact … Read More
Altria Secures the Juul Bag
According to an administrative law judge, Altria did not break anti-trust laws with its acquisition of Juul back in 2018. The WSJ reported the breaking news on Tuesday, pointing to … Read More
The Metaverse Is Dumb
First things first, there is no “Metaverse”. It feels like there exists a giant misconception that there is one singular space in which a virtual reality world exists, dubbed the … Read More
Zillow Offers Loses $881 Million in 2021
According to the company’s annual statement, The soon to be closing segment of Zillow Group ($ZG), Zillow Offers, lost the company $881 Million in 2021. Zillow came out of left … Read More