He was once Elon Musk’s biggest believer. Now he’s doubling down on why Tesla stock will feel serious pain in 2025.
Tesla shareholder Ross Gerber is no stranger to bearish takes on the company, at least lately. In the middle of last year he revealed that he’d sold about $60 million of Tesla shares on concerns its vehicles were fading in popularity. Then, after Donald Trump’s election victory, Gerber said in early December that Tesla would…
Why ESPN doesn’t need MLB
ESPN and MLB are ending their contract early. ESPN and Major League Baseball are ending their TV deal. ESPN isn’t sweating the divorce. The companies announced on Thursday that they opted out of their contract early. The decision to end the deal with the 2025 season came after ESPN felt it was paying more for…
How Russia, China, and the ‘debt brake’ are keeping Germany’s economy stuck in the slow lane as voters go to the polls
Germany’s weak economy is a big issue for voters in Sunday’s elections. Germany’s federal election this Sunday will be the latest European political race to pit establishment parties against populist upstarts, most notably the Christian Democratic Union (CDU) and its coalition partners against the Alternative für Deutschland (AFD), which counts Elon Musk among its fans.…
A renowned market strategist who called the dot-com bubble warns US stocks are at ‘serious risk’ as tech analyst optimism starts to sour
A trader reacts after the closing bell of the New York Stock Exchange on November 5, 2008. Societe Generale strategist Albert Edwards has long been skeptical that AI stocks in the US could live up to the hype surrounding them. Now, it looks like stock analysts covering the tech sector are starting to grow dubious,…
Why US stocks are lagging, despite Trump’s ‘America First’ pledge
US stocks have done well under Donald Trump, but they’re trailing their European peers. Investors apparently missed President Donald Trump’s “America First” memo: US stocks posted middle-of-the-pack results relative to other major equity indexes this year. In a vacuum, domestic equities are off to a great start this year. The S&P 500 logged a respectable…
From ‘dead broke’ to ‘lump sum checks’: Why this investor says home flipping is the best way into real estate if you avoid 3 mistakes
Louisville-based investor and agent Kevin Hart. Kevin Hart found himself in the red when, after working as a sales rep for State Farm for a few years, he opened his own branch in 2017. “I was dead broke and at a failing insurance business,” the Louisville native told Business Insider. “I had a $50,000 business…
Food delivery workers earned most of their money from tips last year, a new report says
Food delivery drivers relied a lot more on tips than their ride-hailing peers last year, Gridwise found. The person who delivers your restaurant order might be relying on your tips to make rent. Food delivery drivers made 53.4% of their total earnings from tips on average last year, a report from data analytics company Gridwise…
I lived in the UK for 4 years and am glad to be back in the US
I visited Benllech, Isle of Anglesey in Wales. I can still remember the day when I was 8 and my mother and I were at an estate sale. We discovered a tattered wooden chest filled with photo albums documenting a 1950s trip throughout Britain. The images of Windsor Castle and the Royal Guard in their…
How TV companies learned to stop worrying and love YouTube
Lots of “Love Island” programming is available on YouTube. Many TV companies have stopped trying to fight YouTube and are embracing its rise instead. TV has become the top place people watch YouTube in the US, beating out mobile and desktop. And increasingly, Hollywood is providing shows for viewers to watch there. “Long-form content is…
