Texas power grid woes hit Tesla

By Ellen Chang Texas' troubled power grid is struggling to meet demand during a prolonged heat wave, forcing the state's industrial customers to make moves to cut electricity demand. As a lengthy heatwave sears Texas, the state's power grid operator is struggling to meet demand, forcing it to seek reduced usage from industrial companies in the state. Toyota, Samsung and Tesla (TSLA) - Get Tesla Inc. Report, among other, have made moves to curb electricity usage. Toyota is cutting back on the number of production hours at its San Antonio plant to conserve power. A spokesperson for the Japanese ...

On Reddit, Gen-Z and Millenials blame boomers for the recession

By Luc Olinga The crypto crisis and the potential recession are for Gen Z and some Millennials their first big financial storms as investors. Some were still children when the financial crisis hit the world in 2008. From that crisis, caused by the collapse of subprime mortgages, Gen Z and millennials often saw only images of Lehman Brothers employees leaving their offices in New York with their boxes in their hands or images of abandoned houses in the Midwest and Florida. At the time, social media had not yet become such an important part of our daily lives. Fourteen years later, the world is ...

Disney is cutting ties with unpopular history

By Sarah Jean Callahan Disney is making strides to remove racist ties at both Disneyland and Disney World by 2024. Splash Mountain first opened at Disneyland in the summer of 1989. The iconic log ride features animatronics with audio as the patrons sail along the river being brought back in time to the scenes of "Song of the South." The Walt Disney live action film with animation was released in late 1946. The original story was written by Joel Chandler Reymond and later drafted for a movie by Dalton Reymond. The movie was based around the premise of Uncle Remis, played by actor James Baskett,...

Social media roasts free speech advocate Elon Musk

By Rob Lenihan Twitter and Reddit commenters are split over how to respond to the firing of SpaceX employees who criticized CEO Elon Musk. Fair or unfair? Stifling free speech or a response to workplace bullying? The SpaceX controversy spilled into social media as commenters posted their thoughts about SpaceX, the rocket company founded by Tesla (TSLA) - Get Tesla Inc. Report CEO Elon Musk, which fired several employees for writing a letter blasting the world's richest man as “a frequent source of distraction and embarrassment.” The employees were complaining about Musk's public behavior and h...

Billionaire Mark Cuban doesn't mince words about crypto

By Luc Olinga

The entrepreneur and owner of the Dallas Mavericks is a crypto investor. As the crypto market tumbles, little is heard from crypto evangelists. While not strictly speaking an evangelist, billionaire Mark Cuban has invested in the industry. He believes in its future. But Cuban, as a seasoned investor, has also kept all his lucidity. In a recent interview with Fortune, the billionaire entrepreneur said that the crisis that the crypto space is currently going through will make it possible to sort out valid projects from those that are based on nothing. “In stocks and crypto, you will...

Bitcoin billionaire fortunes plummet in crypto meltdown

By Luc Olinga After reaching $3 trillion in November, the market value of the crypto market has fallen to $1.37 trillion. It's an early May to forget for crypto billionaires. In a few days they saw their efforts reduced to nothing. For years they fought to convince the general public and the authorities that bitcoin and cryptocurrencies as a whole had a purpose. The argument most often put forward is that crypto allows the communities that are often excluded from the traditional financial system to finally have equal access. Basically, with crypto, an investor's color, ethnicity, country or ge...

How long does it take for an Apple core, a coffee cup or a tire to decompose?

By Samanda Dorger Here are 34 littered items and how long they'll take to break down in the environment. It’s been more than 35 years since beer makers stopped using the pull tabs that littered beaches and cut people’s feet, yet you might still come across one of these cans lying in the woods undergoing its slow process of decomposition. Of the estimated 50 billion pieces of litter on the ground in the U.S., 24 billion are along roadways and 26 billion are along waterways, according to a 2021 litter study by Keep America Beautiful. That’s equivalent to 152 items of litter for each U.S. residen...

This is how much $400K can get you in the country's largest cities

By Veronika Bondarenko Look away from San Francisco and Manhattan and toward the Midwest. If you live in New York or California, you can easily get the impression that $400,000 will not be enough to buy any sort of home -- but while skyrocketing real estate prices are indeed pushing many out of the market, there are still a number of places in the country where that can get you a house that is bigger than average. Looking specifically at the cost of a median home and what you can get for that kind of cap-off point, Point2 analysts found that $400,000 can get you 5,882 square feet in Detroit bu...

Twitter Bid: Musk and Dorsey form unexpected alliance

By Luc Olinga Two billionaires who admire each other have launched separate attacks against the board of Twitter. One of them co-founded the site. The other wants to buy it. Elon Musk and Jack Dorsey appreciate each other and do not hide it. You could even say they are buddies. The two billionaires have many things in common. They are both bitcoin evangelists. Tesla (TSLA) - Get Tesla Inc Report, the electric-vehicle maker co-founded and run by Musk, has 43,200 bitcoins on its balance sheet, at last check valued at $1.71 billion, according to Bitcoin Treasuries. Block (SQ) - Get Block Inc Clas...

Microsoft warns of a growing problem

By Luc Olinga Since the Covid-19 pandemic in 2020, the organization and working conditions have changed for all employees. Work has completely changed over the past two years. This change was prompted by the Covid-19 pandemic which forced companies to accept that their employees work from home. In doing so, the working conditions have also changed, as have the employees. This new paradigm is one of many factors that explain the Great Resignation, which refers to the large number of people quitting their jobs. One of the trends that has also been revealed is that the boundaries have become incr...

Elon Musk revives debate about Twitter's controversial algorithm

By Vidhi Choudhary Elon Musk and Jack Dorsey duel over a key architectural shift that could change the Twitter experience forever. Elon Musk is a habitual tweeter. The Tesla (TSLA) - Get Tesla Inc Report Chief Executive tweets at all hours, during the work day and late at night. The billionaire's wide ranging thought process on Twitter (TWTR) - Get Twitter, Inc. Report frequently jumps from his own pet projects to law enforcement to social media. His recent tweets range from lending support to the Artemis III astronauts traveling to the moon aboard Musk's SpaceX Starship Human Landing System t...

Applebees franchise executive is happy about higher gas prices

By Tom Bemis Says in leaked email that they will make it easier to hire desperate paycheck-to-paycheck employees at lower wages. An executive at a company that operates Applebee’s and Taco Bell franchises in several states has reportedly sent an email gloating that higher gas prices will make it easier to pressure potential employees to accept lower wages. The email, posted on a Reddit sub-channel this week, outlined a theory that higher gas prices would make potential employees more desperate for work and therefore more willing to accept lower pay. “Most of our employee base and potential emp...

Tesla's Elon Musk wants to be a beloved genius

By Luc Olinga The billionaire is a divisive personality and his multiple controversies do not help matters. Geniuses are unloved. During their lifetime they are decried, often condemned to gemonies by their peers. They divide just as much as their works. History is teeming with them, from art to technology to science. They are most often rehabilitated after their disappearance. Most often it is advised to separate the work, the accomplishments of the person from the genius in the hope that critics will finally see the specificity and uniqueness of these exceptional human beings. If there is on...

Microsoft founder Bill Gates joins Musk, Dorsey on Ukraine

By Daniel Kline

The former tech CEO may not have the clout he once did (for obvious reasons) but he still runs a massive charitable organization. Microsoft (MSFT) - yet Microsoft Corporation Report founder and former CEO Bill Gates has seen his reputation take a lot of well-deserved (it appears) hits over the past couple of years. His divorce from his former wife Melinda unearthed all sorts of tawdry details about the one-time squeaky clean technology genius and that certainly harmed his standing. People may not feel the same way about Gates as they once did, but he remains a billionaire runni...

Elon Musk may be a trillionaire by 2024

By Rob Lenihan A certain very wealthy electric-vehicle company CEO could be the first trillionaire. Congratulations, Elon Musk, you've done it again...possibly. The CEO of Tesla (TSLA) - Get Tesla Inc Report and world's richest man, is on track to become the world's very first trillionaire, according to a recent study by procurement company Approve.com. 'The Entire Universe...'Musk has already nailed down the top spot of the Bloomberg Billionaires Index with a net worth of $221 billion. With an annual average increase of 129%, Musk's net worth could hit a trillion dollars in 2024, Approve said...