Corrections & Clarifications: A previous version of this column neglected to note that calling *77 on your mobile phone may instead connect you with law enforcement. “Hello! Please don’t hang up… did you know that you could save a bundle on…? It’s a robocall, another automated telemarketer.Nowadays, robocalls make up 50 percent of all phone…
‘Ultimately uninhabitable’: western Sydney’s legacy of planning failure | Urban planning | The Guardian
On 4 January 2020, the western Sydney suburb of Penrith was one of the hottest places on Earth at 48.9C. The heat that day, at the foot of the Blue Mountains, gave a brief window into what the future will be like in the city’s outer rings, soon to be home to more than 1.5…
India allows quarantine-free travel for tourists from 99 countries
After shutting its borders to international visitors for 20 months due to the pandemic, India will now allow fully vaccinated foreign travelers from a list of nearly 100 countries to enter without the need to quarantine.In guidelines updated last week , India said travelers arriving from these 99 countries will be allowed to skip a…
Citigroup’s Jane Fraser is doing the unthinkable on Wall Street
New York (CNN Business) Less than a month into her role as the chief executive of Citigroup, Jane Fraser made a decision that shook Wall Street. It was late March, and signs of burnout were everywhere after more than a year of remote work in the pandemic.Deal volume was at record highs and showed no…
Crypto Market Sentiment Unchanged; Cardano Takes the Throne
Crypto Market Sentiment Unchanged; Cardano Takes the Throne After finally re-entering the positive zone last Monday, crypto market sentiment is holding onto it tight, but without seeing a relevant change.Compared to last week ’s 6.04, the average 7-day moving crypto market sentiment score (sentscore) for ten major cryptoassets is now 6.02, according to the market…
Bitcoin taproot upgrade: What it means for investors
The first bitcoin upgrade in four years has just gone live.It is a rare moment of consensus among stakeholders, and it’s a big deal for the world’s most popular cryptocurrency.The Taproot update means greater transaction privacy and efficiency – and crucially, it will unlock the potential for smart contracts, which can be used to eliminate…
‘The Big Short’ investor Michael Burry says Elon Musk is selling Tesla stock to profit from its surge – and warns this is the biggest bubble of his career | Markets Insider
Michael Burry.Astrid Stawiarz/Getty Images Michael Burry said Elon Musk is selling Tesla stock to profit from its surge, not to raise cash.”The Big Short” investor noted that Musk has raked in cash and cut his tax bill in recent months.Burry disclosed that he’s never shorted crypto, and warned this is the biggest bubble of his…
‘The Big Short’ investor Michael Burry says Elon Musk is selling Tesla stock to profit from its surge – and warns this is the biggest bubble of his career
Michael Burry.Astrid Stawiarz/Getty Images Michael Burry said Elon Musk was selling Tesla stock to profit from its surge, not to raise cash.The “Big Short” investor noted that Musk had raked in cash and cut his tax bill in recent months.Burry disclosed that he’d never shorted crypto and said this is the biggest bubble of his…
On inflation, it’s past time for team ‘transitory’ to stand down
There is a wise apocryphal saying often attributed to John Maynard Keynes: “When the facts change, I change my mind.What do you do?” After years of advocating more expansionary fiscal and monetary policy, I altered my view this past winter, and I believe the Biden administration and the Federal Reserve need to further adjust their…
Why VC Wesley Chan Thinks the Venture Market Is in Danger
In a bullish venture-capital market, firms like Tiger Global have raised multibillion-dollar funds.The VC Wesley Chan says megafunds let firms make money on management fees, taking focus off returns.He says such “misaligned incentives” could spell trouble when the hot venture market cools.It’s a boom time for venture capital.A frenzy of investing in young private companies…