Billionaire Gautam Adani Loses $26 Billion

Last year, Gautam Adani, 60, was the star of all the rankings of the biggest fortunes in the world. He was one of the few billionaires to see his net worth rise sharply as the global economic downturn rattled the fortunes of tech tycoons. Adani, an unknown in the West, saw his fortune increase by … Read more

Prominent Kiwi entertainer loses $100k in sophisticated investment scam

Consumer Protection NZ provides tips on how to stay safe from scams. Video / Consumer Protection A prominent Kiwi entertainer has lost $100,000 after being duped into investing money in an elaborate investment scam. ANZ Bank was unable to recover the money after it was wired overseas. It has refused liability and declined to reimburse … Read more

SpaceX Deploys GPS 3 Satellites For Space Force In Its Latest Launch

AFP via Getty Images Key takeaways SpaceX launched a next-gen GPS satellite into orbit for use by the US military The company has plans for additional launches in 2023 Within the space exploration sector, there are a handful of companies for investors to invest in SpaceX launched another satellite into orbit recently to improve GPS … Read more

Coca-Cola Leans Into a New Market (Pepsi Is Already There)

For decades Coca-Cola (KO) – Get Free Report and PepsiCo (PEP) – Get Free Report have battled about which had the better-tasting cola. That led to the famous “Pepsi Challenge” marketing campaign, which kicked off in 1975 and has been used periodically since then. The premise was simple. People were asked to sample both Pepsi … Read more

US Treasurys at ‘critical point’: Stocks, bonds correlation shifts as fixed-income market flashes recession warning

Bonds and stocks may be getting back to their usual relationship, a plus for investors with a traditional mix of assets in their portfolios amid fears that the US faces a recession this year. “The bottom line is the correlation now has shifted back to a more traditional one, where stocks and bonds do not … Read more

Crypto Platform Bitzlato Charged With Laundering More Than $700 Million of Illicit Money

US authorities designated cryptocurrency exchange Bitzlato Ltd. as a primary money-laundering concern and charged its founder for allegedly facilitating money laundering for criminals. The Treasury Department designated Bitzlato under a section of the USA Patriot Act, a law used to combat money laundering and terrorist financing, for allegedly laundering illicit funds for ransomware actors based … Read more

Elon Musk Orchestrates Takedown of the Most Powerful Club in the World

Elon Musk wants to replay the biblical fight between David and Goliath. In this case he is David, the underdog who takes on the huge and giant favorite Goliath played here by the World Economic Forum (WEF). As it has for decades, this circle of economic and political elites and personalities from civil society has … Read more

Southwest Airlines Has a Problem Bigger Than its Technology

Southwest Airlines (LUV) – Get Free Report had a high-profile meltdown that stranded tens of thousands of passengers over the holidays. The airline then fumbled its response to those problems multiple times. First, Southwest blamed the weather — and while storms led to the problem, it was clear by how the other airlines were operating … Read more

Tesla Gives a Little Taste of the Cybertruck

It is the most anticipated vehicle of recent years. The Cybertruck that Tesla (TSLA) – Get Free Report is developing is supposed to revolutionize the image of the truck or pickup truck with not only its futuristic design but also features that will redefine, according to experts, the future of trucks and its place in … Read more

Elon Musk Reveals Tesla’s Savior

Tesla has become the world reference in the niche of electric vehicles. The company and its whimsical and visionary CEO Elon Musk have become symbols of the decline in CO2 emissions from the automotive sector. The automaker currently produces more than 1.37 million electric vehicles a year, digging a huge pit with its competitors. It … Read more