Month: October 2021

Today, many strange and not-so-strange shortages are popping up left and right, whether it be well-documented shortages (e.g., rental cars, bicycles, and semiconductor chips) or more mysterious shortages (e.g., Halloween candy, French fries, and Thanksgiving turkeys). And this problem is not just a domestic one. In the face of anemic economic growth, natural gas prices in Europe
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Photo by Mike Kline (notkalvin) | Moment | Getty Images Proposed legislation unveiled Thursday as part of Democrats’ $1.75 trillion social and climate spending plan would close a tax loophole for cryptocurrency investors. The Build Back Better Act would subject crypto transactions to “wash sale” rules, an anti-abuse measure that currently applies to stocks, bonds
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There’s no doubt inflation is eating into our wealth, but luckily we have a solution—closed-end funds (CEFs)! These unheralded income-and-growth plays are the answer to the wave of inflation we’re all living through, with 6.9%+ payouts that outrun surging consumer prices and crush the typical stock’s paltry 1.3% yield, too. Members of my CEF Insider
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Thirteen years ago, Tesla was regularly criticized for only “making toys for rich people,” as co-founder and CEO Elon Musk put it at the time. But Musk had a vision for the automaker’s eventual path toward affordable electric vehicles. And today, his predictions seem eerily accurate. On Tuesday, Tesla car owner membership group Tesla Silicon
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In this article AAPL Apple revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed to larger-than-expected supply constraints on iPhones, iPads, and Macs.   Apple fell over 4% in extended trading.   “We had a very strong performance despite larger than expected supply constraints, which we estimate to
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Twitter and Square CEO Jack Dorsey recently issued a dire economic prediction, complete with a frightening phrase: hyperinflation. “Hyperinflation is going to change everything. It’s happening,” Dorsey tweeted on Oct. 22. Later, in response to a follower’s follow-up question, Dorsey added that “[hyperinflation] will happen in the U.S. soon, and so the world.” Such an
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We think that Intuitive Surgical stock (NASDAQ: ISRG) is currently is a better pick compared to Medtronic stock (NYSE: MDT), despite Intuitive Surgical being the more expensive of the two. ISRG trades at about 23x trailing revenues, compared to just 5x for Medtronic. Although both the companies have benefited from the rise in total procedure
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