Plus, Bill Gates bets $100 million on BUD...
September 07, 2023 | Read Online | | | | | *past 24-hour performance |
| | WeWork can’t fill offices: After warning last month that it might not be in business for much longer, WeWork (WE) CEO said on Wednesday that the company was going to try to renegotiate nearly all of its leases and would probably pull out of underperforming locations (NYT)
Red flag, anyone? Off Lease Only, a used car conglomerate out of Florida and one of the largest in the state, is rumored to be shutting down as car market conditions deteriorate (X)
It’s football betting season: More than 73 million Americans plan to wager on the NFL season, a nearly 60% increase from last season, according to a survey from the American Gaming Association (CNBC)
A major Roku layoff is coming: Video streaming company Roku (ROKU) shares spiked yesterday after it announced plans to lay off more than 300 people, or about 10% of its workforce, and pull certain content from its streaming platform to ease operating expenses (Yahoo)
Paying miners to power down: Riot (RIOT) said on Wednesday that it earned $31.7 million in energy credits last month from Texas power grid operator ERCOT. The company generated the credits by voluntarily curtailing its energy consumption during a record-breaking heatwave (CNBC)
Alaskan oil fields get blocked: The Biden administration announced Wednesday that it will reverse Trump-era decisions on oil drilling in Alaska in a move intended to protect millions of acres of public land and waters (Axios)
EU attacks Big Tech: The EU has labeled six firms “gatekeepers” which dominate the market and require tougher oversight. Alphabet, Amazon, Apple, ByteDance, Meta, and Microsoft will have to make apps interoperable with rivals and allow users to decide which apps to pre-install (Reuters) | | | | | The Gold Story No One's Telling | "Over the next 100 years, the currency is going to zero." | That's what renowned billionaire investor Charlie Munger recently announced in reply to record inflation in the U.S. But if you're thinking of buying gold, do this first. | In short: There's no question that rising prices could hurt the U.S. dollar. And there's no question gold could skyrocket as a result. | But there's a secret to investing in gold right now. Click here to learn more » | SPONSOR |
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| | The 60-day rollover rule to borrow from your retirement plans: The IRS allows tax- and penalty-free rollovers from one tax-advantaged retirement plan or account to another if you follow the 60-day rollover rule. Here’s how it works. Read more» | Where to put your cash now for every income level: Stop dwelling on what you’ve lost thanks to rising interest rates and take advantage of the opportunities they present. Here’s a financial road map for making the most of great yields while staying on track with your short- and long-term money goals. Read more» | Could the unprecedented surge in the deficit this year be a key reason why a recession has yet to materialize?: A surge in the deficit this large can sometimes artificially maintain growth in the very short-term. But, given higher interest rates on government debt, this kind of support can’t last. The party continues for now, but a hangover looms in our future. Read more» |
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| | Bill Gates made a nearly $100 million bet on Bud Light (CNN) The rise and fall of ESPN’s leverage (Stratechery) Thieves target ‘liquid gold’ as olive oil prices soar (Bloomberg) Scientists grow whole model of human embryo, without sperm or egg (BBC) The crypto wealth report: 22 crypto billionaires worldwide (Henley) My wild ride with Jimmy Buffett (Garden & Gun) | | | | | Learn How to Protect Your Hard Earned Retirement with Gold & Silver | You need to see this guide on how to diversify and protect your retirement savings. In it, you’ll learn how to protect yourself from surging National Debt... a weakening U.S. Dollar... stock market downturns... and much more. | Get your guide here. | SPONSOR |
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