Showing posts with label News Economics. Show all posts
Showing posts with label News Economics. Show all posts

Saturday, April 6, 2024

SkyBridge's Scaramucci expects Bitcoin price to hit $170,000

 


 Anthony Scaramucci, the founder of SkyBridge Capital, remains optimistic about Bitcoin despite its recent pullback from a record peak of $74,000. He attributes Bitcoin's resilience to factors such as the rapid influx of over $10 billion in the first quarter alone, outpacing the growth of the gold ETF. Scaramucci believes that the launch of spot Bitcoin ETFs has played a role in Bitcoin's comeback, generating significant demand for the cryptocurrency.


He highlights Bitcoin's halving mechanism, which reduces the number of new coins entering the system, driving up the price due to scarcity. Scaramucci suggests that Bitcoin has not fully priced in the effects of halving and ETF launches, indicating further growth potential. He sees Bitcoin as a hedge against inflation and currency devaluation, positioning it as a major digital store of value.



While Scaramucci sets a conservative target of $170,000 for Bitcoin in the current cycle, he acknowledges the speculative nature of the market and the impact of adoption and demand waves. He also mentions investments in other cryptocurrencies like Solana and Avalanche, emphasizing Bitcoin's role as the leading asset in the crypto space.


Despite challenges in the industry, Scaramucci's firm, SkyBridge, remains interested in the crypto space, viewing regulatory scrutiny and legal challenges as steps towards a more mature and stable market. He credits the delayed approval of spot Bitcoin ETFs with exposing leverage and fraud in the system, leading to a healthier ecosystem for cryptocurrencies.


Author Senad Karaahmetovic


Summary by Black Wall News



Saturday, July 2, 2022

Wall Street ends the first day of the third quarter with a strong rebound.


Wall Street ends the first day of the third quarter with a strong rebound
 
NEW YORK (Reuters) - Wall Street rebounded to a strong higher close in light trading on Friday as investors embarked on the year's second half ahead of the long holiday weekend. 

 The three major US stock indexes reversed their first losses to find themselves in positive territory after decades' worst first half of the stock market. 

 However, all three indexes fell for the week. 

 "We're gearing up for the holiday weekend and there's a  relief rally at the end of the day," said Joseph Sroka, chief investment officer at NovaPoint in Atlanta. "But we'll probably have to wait for investors to come back from the holiday weekend to see if that's sustainable at the start of the new quarter." 

 Market participants are now looking ahead to the second-quarter earnings season, the Labor Department's June jobs report, and the Federal Reserve's monetary policy meeting scheduled for late July. 

 The microchip sector plummeted after Micron Technology Inc (NASDAQ: MU) warned about cooling demand. Shares of 

 Micron fell 2.9%, dragging the Philadelphia SE Semiconductor index down 3.8%. 

 Concerns about falling demand amid decade-high inflation are reflected in the Institute of Supply Management's (ISM) Purchasing Managers' Index, which shows a drop in input prices for orders. new. 

 The ISM report seems to support the idea that the economy is cooling and inflation appears to have passed its peak. This raises the possibility that the Fed may have room for a dovish turn after a second consecutive 75 basis point rate hike is expected in July. 

 "The Fed will need more evidence to change its stance on further rate hikes," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. "There is still a lot of uncertainty about the economy and inflation despite early signs that inflation may have peaked." 

 The Dow Jones Industrial Average rose 321.83 points, or 1.05%, to 31,097.26, the S&P 500 added 39.95 points, or 1.06%, to 3,825.33 and the Nasdaq Composite added 99. 11 points, or 0.90%, to 11,127.85. 

  11 major  S&P 500 industry groups ended the session in the green, with utilities posting the highest percentage gain. 

 The second-quarter reporting season kicks off in a few weeks, and 130  S&P 500 companies have already announced. Of those, 45 were positive and 77 were negative, a negative-to-positive ratio lower than a year ago, according to Refinitiv data. 

 Yields outlook hit by woeful inflation and falling consumer demand should keep market participants attentive to the forecasts. 

 Analysts now expect  S&P 500 total second-quarter earnings growth of 5.6%, down from the 6.8% expected at the start of the quarter, according to Refinitiv.

Shares of department store chain Kohl's Corp (NYSE: KSS) fell 19.6% following the decision to halt negotiations over a possible sale to Franchise Group (NASDAQ:FRG). 

 Pre-issues outnumbered discount issues on the NYSE by a ratio of 2.77-1; on the Nasdaq, a  ratio of 1.57 to a number of advancers is preferred. 

  S&P 500 Posts 52 Week Highs and 48 New Highs; Nasdaq Composite recorded 12 new highs and 219 new lows. 

 Volume on US exchanges was 11.01 billion shares, compared with an average of 12.88 billion over the past 20 trading days.

 By Stephen Culp on Investing

Editor By: Black Wall News.



Tuesday, May 17, 2022

Hacker Unlocks and Starts Tesla Vehicle

 

Hacker Unlocks and Starts Tesla Vehicle

Security consultant, Sultan Qasim Khan, has discovered a way to utilize vehicle protocols on Tesla (NASDAQ:TSLA) Model 3 and Y cars to unlock and start the vehicle. Kahn is also able to roll down windows and adjust the radio using the technique.


The hack, Khan said, isn’t specific to Tesla, but utilizes the vehicle's keyless entry system, which relies on what’s known as a Bluetooth Low Energy (BLE) protocol. BLE protocol was designed to conveniently link devices together over the internet, though it’s also emerged as a method that hackers exploit to unlock smart technologies including house locks, cars, phones and laptops, Khan said.


NCC Group said it was able to conduct the attack on several other carmakers and technology companies’ devices.

There’s no evidence that thieves have used the hack to improperly access Tesla vehicles. Khan said he had disclosed the potential for the attack to Tesla and that company officials didn’t deem the issue a significant risk.

By Michael Elkins in Investing


Repost by Black Wall News.

Thursday, May 5, 2022

The Cold Email Sequence Elon Musk Sent Twitter’s Board

 


In early April, when Elon Musk declared he was going to buy Twitter, it seemed like another outrageous statement in his long line of high-profile, odd, boredom-driven outrageous statements.

But this wasn’t just Elon Musk making empty promises, like when he said he’d spend money to cure world hunger. No, this time he decided to do something more meaningful with his wealth and actually purchase Twitter.

Twitter’s board of directors, however, would require some serious convincing.

And it turns out Elon Musk sent each member of Twitter’s board a series of cold emails encouraging them to accept his offer and sell him the company. 

How do we know? Because like most pros sending cold emails these days, he used GMass.

Now that the Twitter board has agreed to sell to Elon, he was so grateful to GMass he shared his entire cold email series with us, and told us we could share it as well.

Here, exclusively, is the cold email series Elon Musk sent to Twitter’s board of directors to convince them to sell the company to him.

Email #1 – Sent 4/11/22, after turning down a Twitter board seat due to his larger plans

The first email: The proposal

Elon Musk's first cold email to Twitter.

Subject line:

So I’ve got a proposal for you…

Message:

Dear {TwitterBoardMemberFirstName},

Elon here. Wanted to reach out to you with a little offer…

As you know by now, I turned down the opportunity to join you on the board. It was a difficult decision, because I admire what you’ve done in your career:

{WhateverInsignificantThingsThisPersonHasDoneWithTheirMediocreLife}

But joining the board meant I’d be capped at owning 14.9% of Twitter. I’m aiming for 100%.

So I wanted you to be the first to know I’m planning to make an offer to buy the entire company. And I hope you’ll be on board. (Get it? Board? Because you’re on the board? I’m quite good at making normal human jokes.)

Please reply to let me know if I can count on your support,

– Elon 

What we like about this cold email

Elon uses some excellent cold email strategy here.

We like his cold email subject line a lot: It piques curiosity and most likely drove a strong open rate.

His use of personalization is also good. He clearly researched each person on his list; then he used GMass’s feature to personalize entire paragraphs sharing what he learned about their accomplishments. (Although it’s a good thing his recipients won’t see the name of the Gmail mail merge field name he used.)

Elon makes use of humor here, or at least his definition of humor. Humor can be quite powerful in a cold email, as it creates a feeling of familiarity, warms up a recipient, and can motivate them to respond when they otherwise might not.

Finally, Elon uses a single call-to-action here, asking for a reply — it’s clear what his desired outcome is from this email. If he gets a reply, the auto follow-up sequence will stop going to this board member; if he doesn’t get the reply, they’ll get the next message in the series.

Email #2 – Sent 4/13/22, right before he went public with his offer

The second email: A follow-up with a greater sense of urgency

Elon Musk's second cold email to Twitter.

Subject line:

(none, sent as a reply to the previous message)

Message:

Hey {TwitterBoardMemberFirstName},

Elon again. Wanted to let you know I’m going public at 4:20 A.M. with my offer to buy Twitter.

I was hoping to have your full support before I do. If you reply TODAY to let me know you support me, I’ll tweet you a shoutout. I’m sure you’ll get quote tweets from Joe Rogan, Tucker Carlson, and maybe even Kid Rock, which is huge.

Anyway, let me know. It’s only logical for me to take Twitter private to help it finally reach its true potential. Because we can’t have corporations thinking they know what’s best for people. Only billionaires know what’s best for people.

– Elon

What we like about this cold email

We like that Elon sent this as a reply to the previous email, rather than starting a new thread with a new subject line. Sending follow-ups as replies — super simple to do with GMass — makes cold emails look more like personal one-on-one emails.

Elon also creates a greater sense of urgency with this email, sweetening his request with an exciting offer — that comes with a ticking clock. (A Kid Rock retweet!?!? That opportunity would make anyone say bawitdaba da bang da bang something something diggy something something and up down the boogie.)

All in all, this is another convincing cold email and a strong automated follow-up.

Email #3 – Sent 4/15/22, after the Twitter board announced its poison pill strategy to thwart Elon’s purchase

The third email: Quelling a major concern

Elon Musk's third cold email to Twitter

Subject line:

Poison ☠️? Here’s the antidote

Message:

{TwitterBoardMemberFirstName}… so you decided to go the poison pill route.

I get it. I don’t like it, but I get it. Everyone’s calling this a hostile takeover. Which is crazy.

There’s nothing hostile about me! (Ignore the flamethrowers I sold, k thx.)

I’m not hostile! I offered to buy Twitter at $54.20 a share. See? I put “420” in there. I’m a child. Everyone else outgrows 420 jokes by the time they’re 19. Not me. I’m a 50-year-old literal child. Totally harmless.

If only the company had become a little more profitable in the 10 years you’ve had to grow it, I could’ve made an offer for $69.69. See! 69! I’m a harmless man baby.

Please let me know if you’ve changed your mind and you’ll accept my offer.

– Elon

What we like about this cold email

Here in his third email, Elon tried to put the board members’ minds at ease over their concerns.

The third email in a cold email series can be a good time for that: Anticipating a prospect’s key concerns and proactively explaining why their hesitation is unfounded.

This email uses a new subject line, meaning Elon didn’t send it as a reply to the prior emails. However, he did use GMass’s “force prior message” feature, which still put his previous messaging history into the email as if it were a reply. That, again, closely simulates a one-on-one email and is an effective cold email technique.

Email #4 – Sent 4/16/22, after it became clear no one was coming to save Twitter

The fourth email: Pushing hard for the close

Elon Musk's fourth email to Twitter

Subject line:

(none, sent as a reply to the previous message)

Message:

Hey {TwitterBoardMemberFirstName}, Elon here again.

So it appears no white knight is coming to acquire Twitter and save you from me.

Although I still don’t know why you need saving!

I know you only own {MeagerHoldingStakeofBoardMember} shares, but you won’t get a more lucrative deal than mine to cash ‘em out. 

Plus you can always get on another social media board. I hear Truth Social is really taking off.

Hahahaha. See? I make jokes in every situation. 

Let me know if you’re finally ready to sell.

– Elon

Elon is pushing even harder for a reply in this email. His cold email sequence is wrapping up soon, and he’s ready to close the deal.

So here, he demonstrates two crucial elements of any successful cold email. One, he lays out how he’s providing a unique service they can’t get anywhere else. And two, he spells out how it will personally benefit the recipient financially.

If you can use a cold email to show you’re the only one who can provide a service with clear, tangible, enticing benefits, you should see a good amount of traction.

Email #5 – Sent 4/22/22, two days before meeting with the board

The fifth email: The last shot

Elon Musk's fifth email to the Twitter board

Subject line:

{TwitterBoardMemberFirstName}, don’t be the only holdout

Message:

Hey {TwitterBoardMemberFirstName},

The board is meeting in a couple of days to discuss my offer and pretty much everyone else is in. The rest of the board wants it. The shareholders want it. The users want it. You don’t want to be the only one who’s out, right?

I wanted to take one more shot to clear up any last concerns to get you on the team before Sunday.

  • I will get rid of the bots on Twitter. How? I can spot a bot a mile away. We have a kinship, me and them.
  • Edit button! And it won’t just be an internal edit button I can use to fix tweets that say mean things about me. Or when I accidentally call someone a “pedo guy” when I meant to call him a “pedagogue.” Classic typo.
  • I am not here for chaos. I already own one Boring Company, and I want Twitter to be another boring company. Way less drama and no one organizing government coups.
  • I promise I’m not just spending $44 billion so I can read everyone’s DM history. I would never do that on my first day owning the company.
  • My promise of totally free speech won’t bring out the racists. I admit, growing up in South Africa in the ‘70s and ‘80s I didn’t see much racism. Or sunlight. But I have to imagine everything outside was fine, race relations-wise, outside of our mansion. I’ll bring that unifying spirit to Twitter.
  • Think what you will about me, but Zuckerberg is worse, full stop. 

Don’t be the only holdout! Let me know you’ll support me buying Twitter. I won’t have a board as the sole owner, but I will need some consultants, and there’s only one slot left.

– Elon

What we like about this cold email

Elon takes his final shot here and aims big. 

He uses a merge tag to add the recipients’ names in the subject line — GMass makes it easy to use merge tags in the subject or message — to make sure he grabs their attention.

Throughout the email, he uses top cold email copywriting techniques like FOMO and scarcity to entice the board members to support him. There’s social proof that supporting him is the popular decision — “pretty much everyone else on the board is in.” 

And at the end of the email, he dangles the scarce, lucrative consulting spot. It’s the last card he has to play and is his strongest. Plus the scarcity of the deal is a clever way to get a cold email recipient to act immediately.

In the middle, he uses a bulleted list to counter points of resistance his prospect might have. Bulleted lists are easily consumable and it’s good to employ them when you need to convey lots of information in a longer-than-average cold email.

And we know this email series worked, because the board unanimously agreed to sell to Elon at their meeting.

Want to send your own amazing cold email series to complete a hostile takeover? (Or maybe to do something else?)

I’m not sure how many of you reading this are in a position to pull off $44 billion hostile takeovers (if you are, we would be willing to have you hostilely take over GMass for like 1/40th of that amount, give us a shout).

But you probably do have some reason to send cold emails or mass emails. Whether it’s to find new clients, make sales, or even just invite everyone in the PTA to an end-of-the-year fundraiser BBQ, you could use a great email outreach platform.

Like Elon Musk, you’ll find what you need with GMass.

It’s a cold email and mass email platform that lives right inside Gmail — you won’t have to learn a new system, because using GMass is just like sending your regular email.

You can create a personalized mail merge from a Google Sheet. Send automated follow-up sequences like Elon did with personalization techniques that make each email look like it was sent individually — from sending as replies to personalized images and attachments.

GMass has a huge suite of deliverability tools to help you make sure your emails wind up in the inbox, not the spam folder. And you can even use it to break Gmail’s daily sending limits to send virtually unlimited emails.

To get started for free, just download the GMass extension from the Chrome web store.

You’ll be up and running —

Whoa, looks like Elon is sending more emails. Sign up free with GMass now!

Writer by 


 Published by : 

Black Wall News




Tuesday, May 3, 2022

Russia fires extra rockets at metal plant, a few evacuees attain safety

Russia fires extra rockets at a metal plant

Russia unleashed rockets on Tuesday on an encircled metallic works in Mariupol, Ukraine`s final redoubt withinside the port metropolis, after a ceasefire broke down with a few civilians nonetheless trapped underneath the sprawling web page notwithstanding a U. N. -brokered evacuation.  However, rankings of evacuees who controlled to depart below U.

N. and Red Cross auspices on the weekend after cowering for weeks below the Azovstal plant eventually reached the relative protection of Ukraine-managed Zaporizhzhia.  Weary-searching human beings, inclusive of youngsters and pensioners, clambered off buses after escaping the ruins in their domestic metropolis in southeast Ukraine wherein Russia now claims control.  But it has additionally struck objectives a lot similarly west in a pressure to restrict Ukraine's get admission to to the Black Sea, essential for its grain and metallic exports, and additionally to disrupt elements of Western army useful resource to President Volodymyr Zelenskiy's forces. 

 On Tuesday Russia's defense ministry stated its forces had struck an army airfield close to the port of Odesa with missiles, destroying drones, missiles, and ammunition provided to Ukraine with the aid of using the US and its European allies.  Andriy Sadoviy, the mayor of Lviv, a western metropolis close to the Polish border, stated past due on Tuesday that air moves had broken energy stations, slicing off power in a few districts.  Nearly 10 weeks right into a battle that has killed thousands, devastated towns, and pushed 5 million Ukrainians to escape abroad, Russian President Vladimir Putin raised the monetary stakes for Kyiv's Western backers on Tuesday with the aid of using pronouncing plans to dam the export of essential Russian uncooked materials.  The European Union stated new sanctions on Russia might goal its oil enterprise and banks, and that it is additionally deliberate to update two-thirds of its Russian fuel online use with the aid of using the give up of 2022, a part of efforts to use up Moscow's battle-chest. 

 EU international locations have paid greater than forty-seven billion euros ($ forty-seven. forty-three billion) to Russia for fuel lines and oil because it invaded Ukraine, stated the Centre for Research on Energy and Clean Air.  Under the decree signed with the aid of using Putin on Tuesday, Russia's authorities have 10 days to attract up sanctions listing focused on unique human beings and entities in "unfriendly" states.  Osnat Lubrani, U. 

N.  humanitarian coordinator for Ukraine, stated a hundred and one evacuees had reached Zaporizhzhia on Tuesday from Mariupol.  Mariupol, a metropolis of 400,000 earlier than Russia released its invasion on Feb.  24, has visible the bloodiest preventing of the battle, enduring weeks of siege and shelling. 

 In a Telegram video from the metallic plant, Captain Sviatoslav Palamar of Ukraine's Azov Regiment stated Russia had pounded Azovstal with naval and barrel artillery thru the night time and dropped heavy bombs from planes. 

By Joseph Campbell and Alessandra Prentice


Editor by Azor Philippe Davenson

Published by Black Wall News 



Friday, April 29, 2022

WHO AM I? ( ELON MUSK )


Il a grandi en Afrique du Sud, puis un immigré au Canada à l'âge de 17 ans. Il a atterri aux États-Unis en tant qu'étudiant transféré à l'Université de Pennsylvanie. Il s'emploie à révolutionner les transports aussi bien sur Terre, grâce au constructeur de voitures électriques - que dans l'espace, via le producteur de fusées SpaceX.
  • En 1995, il a été accepté dans un programme de doctorat en philosophie (Ph.D.) en science des matériaux à l'Université de Stanford en Californie.
  • En 2013, il a annoncé des plans pour une version d'un vactrain (ou train à tubes sous vide), affectant une douzaine d'ingénieurs.
  • En décembre 2015, il a informé la création d'OpenAI, une société de recherche à but non lucratif sur l'intelligence artificielle (IA) visant à développer une intelligence artificielle générale destinée à être sûre et bénéfique pour l'humanité.
  • En 2016, il a cofondé Neuralink, une startup neurotechnologique visant à intégrer le cerveau humain à l'intelligence artificielle (IA) en fournissant des dispositifs intégrés dans le cerveau humain pour faciliter sa fusion avec des machines.
  • En 2016, il a fondé The Boring Company pour construire des tunnels.
  • Le 6 septembre 2018, il est apparu sur le podcast The Joe Rogan Experience et a parlé de divers sujets pendant plus de deux heures.
Il détient 21 % de Tesla, mais a donné plus la moitié de sa participation en garantie de prêts ; Forbes réduit sa participation pour tenir compte des prêts.
Le conseil d'administration de Twitter a accepté de lui vendre l'entreprise pour 44 milliards de dollars en avril 2022, après avoir divulgué une participation de 9,1 % et menacé d'une prise de contrôle hostile.
SpaceX, la société de fusées, est attribuée à 74 milliards de dollars après un tour de financement en février 2021.

Publié par : 

Nouvelles du mur noir





Cela est un extrait des publications des sites ci-dessous.

 Référence :







Twitter user growth rises but weak sales highlight Musk's challenges

 


Twitter Inc (NYSE: TWTR) a annoncé jeudi des revenus et des ventes publicitaires en deçà des attentes et déprimés par la guerre en cours en Ukraine, exposant les défis auxquels le milliardaire Elon Musk sera confronté s'il reprend la société de médias sociaux .
"Elon Musk achète Twitter à un moment où l'entreprise a du mal à attirer de nouveaux utilisateurs suite à la flambée provoquée par la pandémie", a déclaré Haris Anwar, analyste principal chez Investing. com. Pour mettre la croissance des utilisateurs de Twitter en perspective, depuis le pic de la pandémie, les augmentations trimestrielles séquentielles ont oscillé entre 1 million et 7 millions, après avoir augmenté de 20 millions d'utilisateurs actifs quotidiens au deuxième trimestre 2020. 

 La société devrait ajouter au moins 12 millions d'utilisateurs chaque trimestre jusqu'à la fin de l'année prochaine pour atteindre les objectifs ambitieux de 2023 qu'elle s'est établie, que Twitter a maintenant désavoués à cause de l'accord. "Nous pensons que les problèmes macro-économiques s'éloigneront (Twitter) de ses objectifs pour 2023 annoncés précédemment", a déclaré Angelo Zino, analyste chez CFRA Research. 

Lorsque Musk conclura l'accord, il supervisera une entreprise qui connaît depuis longtemps des problèmes de dysfonctionnement interne, d'indécision et de manque de responsabilité, a précédemment rapporté Reuters selon huit employés actuels et anciens de Twitter.Le nombre d'utilisateurs actifs quotidiennement sur Twitter est passé à 229 millions au premier trimestre clos le 31 mars, contre 199 millions un an plus tôt. 

 Twitter a déclaré qu'une erreur interne avait conduit l'entreprise à surestimer le nombre d'utilisateurs trimestriels d'environ 1,5 million entre le quatrième trimestre de 2020 et la fin de 2021. La guerre en Ukraine a affecté la croissance des revenus , a déclaré Twitter dans un communiqué de presse. Musk a déclaré que Twitter ne devrait pas diffuser de publicité, ce qui pourrait permettre à la plateforme d'avoir plus de contrôle sur ses politiques de contenu. 


Published by : 

Black Wall News

Who I Am?

SkyBridge's Scaramucci expects Bitcoin price to hit $170,000

      Anthony Scaramucci , the founder of SkyBridge Capital , remains optimistic about Bitcoin despite its recent pullback from a record p...

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