Fusion Energy moves a Huge Step Closer after Breakthrough
Fusion energy, which could deliver safe and sustainable low-carbon power, has moved a “huge step” closer after a successful landmark experiment. Instead of splitting atoms, fusion energy combines them — the same principle by which stars create heat and light. Scientists at Oxford manag
Amazon is more than Doubling its Base Salary Cap to US $ 350 K
Amazon is more than doubling the maximum base salary it pays employees to $350,000 from $160,000. It’s also increasing the compensation ranges of most jobs globally and changing the timing of stock awards to align with promotions. Like many big employers, Amazon has struggled to hire and retain wo
Ferrari is about to join the Metaverse
Ferrari, an iconic automaker in the real world, is now looking to bolster its brand in the metaverse. The Italian maker of luxury cars has set up a department focusing on digital services that’s exploring opportunities arising from the space that blends virtual reality, gaming and social media, CE
Facebook’s Meta Loses USD $ 230 B in Historic Wipeout
Facebook parent Meta plunged as much as 26% at the open, erasing more than $230 billion in market value — on pace for the biggest wipeout ever in U.S. market history. Facebook’s user base faltered last quarter, the first stagnation in the company’s history — just one bad metric of several in
Alphabet eyes US $ 2 T Value after Blowout Results
Google parent company Alphabet advanced nearer to joining peers Apple and Microsoft in the elite $2 trillion market valuation club on Wednesday as the search giant’s shares surged more than 8% following a great quarterly report. Alphabet also announced a 20-to-1 stock split, which will give sh
Metaverse Real Estate Sales top US $ 500 M
Sales of real estate in the metaverse topped $500 million last year and could double this year, according to MetaMetric Solutions. “There are big risks, but potentially big rewards,” said Janine Yorio, CEO of Republic Realm, a metaverse real estate investor and advisory firm.
BlackBerry to Sell Patents for US $ 600 M
BlackBerry said on Monday it will sell its legacy patents primarily related to mobile devices, messaging and wireless networking for $600 million to a special purpose vehicle formed to acquire the company’s patent assets. BlackBerry said the transaction with the vehicle, Catapult IP Innovation
Wall Street’s Big Bet on Chinese Markets is going all Wrong
The bar for China’s financial markets to do better this year was so low, virtually everyone on Wall Street was saying the country’s stocks and bonds could only go up. That bet isn’t going so well. Mainland equities just entered their first bear market since Donald Trump’s trade war. Shares i
The Hedge Fund that made US $ 700 M on GameStop knew it was Time to Sell
One hedge fund got the GameStop trade just about perfectly right last year — buying it under $10 and selling when the meme stock peaked. The sell signal it used? An Elon Musk tweet. That’s how 2021′s top-performing hedge fund Senvest Management was able to notch $700 million in p
TIME Hotels Expands its Senior Management Team
TIME Hotels Management CEO, Mohamed Awadalla said: “With these great new additions to the TIME Hotels team, we are looking to continue maintaining, expanding and delivering international standards of hospitality service throughout the region. Meet the team: Toufic Tamim, Vice President – Com