jpangster
voted
Hey, mooers!
Welcome back to Monthly Buzz!
As the month began, markets continued to be optimistic as inflation turned out to be better than expected. Equity markets continued to rise, led by the small-cap Russell 2000 Index. At the same time, the Nasdaq 100 underwent a special adjustment to address its weighting.
Later in the month, the Federal Reserve raised interest rates by another 25 basis points, leaving the door open for another rate hike....
Welcome back to Monthly Buzz!
As the month began, markets continued to be optimistic as inflation turned out to be better than expected. Equity markets continued to rise, led by the small-cap Russell 2000 Index. At the same time, the Nasdaq 100 underwent a special adjustment to address its weighting.
Later in the month, the Federal Reserve raised interest rates by another 25 basis points, leaving the door open for another rate hike....
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jpangster
voted
On August 1, 2023, Fitch Ratings downgraded the United States' long-term foreign-currency Issuer default rating (IDR) to AA+ from AAA. The last time an international rating agency did so was 12 years ago when Standard & Poor's cut the U.S. credit rating from AAA to AA+ in 2011.
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Why downgrade?
Fitch attributed the downgrade of the U.S. to several factors, including weakened governance, rising general government deficits and debt, medium-...
Fitch attributed the downgrade of the U.S. to several factors, including weakened governance, rising general government deficits and debt, medium-...
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jpangster
voted
Hello Mooers, welcome back! ![]()
In today small talk, we will be discussing about emotional healing.![]()
To pull ourselves up together after an emotional damage episode, (or more episodes![]()
![]()
), we can try the following six emotional healing tips. Also, we will list one example of stock that is related to each of them, which we may either trade their stocks or their stocks options in $Futu Holdings Ltd(FUTU.US$ MooMoo platform. ![]()
![]()
Go to a movie threater to watch...
In today small talk, we will be discussing about emotional healing.
To pull ourselves up together after an emotional damage episode, (or more episodes
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jpangster
voted
Do you think Elon’s vision of creating Optimus robots to solve world’s labour shortage will materialise? Or is it a sci-fi?
$Tesla(TSLA.US$
$Tesla(TSLA.US$
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jpangster
voted
What are we most looking forward to hearing about, get updates on or discover from $Tesla(TSLA.US$ earnings tomorrow?
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jpangster
liked
Prediction: $Tesla(TSLA.US$ Chart with upwards trend $1,500 by end of April. Even possible by end of Feb should margins come in way higher and credit rating upgrades follow soon after
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jpangster
voted
Nov 15 $JPMorgan(JPM.US$ has sued $Tesla(TSLA.US$ for $162.2 million, accusing Elon Musk's electric car company of "flagrantly" breaching a contract the two corporate giants agreed in 2014 relating to warrants Tesla sold to the bank.
Tesla in 2014 sold warrants to JPMorgan that would pay off if their "strike" price was below Tesla's share price when the warrants expired in June and July 2021.
Musk's Aug 7, 2018 tweet that he might take Tesla private at $420 per share and had "funding secured," and his subsequent announcement 17 days later that he was abandoning the plan, created significant volatility in the share price, the bank said.
On both occasions, JPMorgan adjusted the strike price "to maintain the same fair market value" as prior to the tweets.
Tesla's share price rose approximately 10-fold by the time the warrants expired this year, and JPMorgan said this required Tesla under its contract to hand over shares of its stock or cash. The bank said Tesla's failure to do that amounted to a default.
Any thoughts? Or maybe someone can explain what's going on in the case?
Source:
JPMorgan sues Tesla for $162 mln after Musk tweets soured warrant deal
Tesla in 2014 sold warrants to JPMorgan that would pay off if their "strike" price was below Tesla's share price when the warrants expired in June and July 2021.
Musk's Aug 7, 2018 tweet that he might take Tesla private at $420 per share and had "funding secured," and his subsequent announcement 17 days later that he was abandoning the plan, created significant volatility in the share price, the bank said.
On both occasions, JPMorgan adjusted the strike price "to maintain the same fair market value" as prior to the tweets.
Tesla's share price rose approximately 10-fold by the time the warrants expired this year, and JPMorgan said this required Tesla under its contract to hand over shares of its stock or cash. The bank said Tesla's failure to do that amounted to a default.
Any thoughts? Or maybe someone can explain what's going on in the case?
Source:
JPMorgan sues Tesla for $162 mln after Musk tweets soured warrant deal
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