Bill Gates Says NFTs and Crypto Are ‘100%’ Based on Greater Fool Theory

Microsoft Corp. MSFT 2.13% co-founder Bill Gates said he thinks cryptocurrencies and NFTs are “100%” based on the greater fool theory. The 66-year-old billionaire was referring to the notion that overvalued assets will keep going up because there are enough people willing to pay high prices for them. He joked that “expensive digital images of … Read more

Gasoline Prices Reach $ 5 a Gallon Nationwide for the First Time

The average price of a gallon of regular unleaded gas in the US hit $ 5 Friday night, and the rise in fuel costs is expected to persist throughout the busy summer driving season. The record high, according to OPIS, an energy-data and analytics provider, comes as US consumer inflation hit its highest level in … Read more

The Companies Cutting Staff, Freezing Hiring or Slashing Costs: See the List

Companies which saw substantial growth during the Covid-19 pandemic are starting to take a more cautious approach toward hiring and spending. From Peloton Interactive Inc. spirit Meta Platforms Inc. thaw Twitter Inc Uber Technologies Inc. and others, corporate belt tightening comes as the Federal Reserve is raising interest rates, global stock markets have fallen and … Read more

Grubhub Owner Just Eat Considers Sale After Orders Fall

Online food ordering company Just Eat NV is considering selling its US unit Grubhub after a decline in orders following a surge during the pandemic. The company said it was exploring the introduction of a strategic partner or the partial or full sale of the US-based food delivery service. Just Eat completed its acquisition … Read more

Netflix Stock Price Drops 32%, on Track for Biggest Fall in Over a Decade

Netflix Inc. shares were on course for their worst day in over a decade after the streaming giant reported that it lost subscribers in the first quarter. Shares shed nearly a third of their value after markets opened Wednesday. Investors had expected that the company would add new users in the quarter. Instead, Netflix said … Read more

Elon Musk Makes $ 43 Billion Bid for Twitter, Says ‘Civilization’ At Stake

Elon Musk went full-on corporate raider a week into his rolling clash with Twitter Inc., offering a $ 43 billion bid for the company and warning he might sell his stake in the service if rebuffed. The Thursday offer was the latest in a will-he-or-won’t-he saga between the world’s richest man and the social-media service. … Read more

Elon Musk urges McDonald’s to accept Dogecoin for payment

Elon Musk has repeatedly touted dogecoin, including earlier this month, when he said Tesla would accept the cryptocurrency as payment for some items. Photo: Hannibal Hanschke / Associated Press Updated January 25, 2022 at 19:12 ET Elon Musk wants McDonald’s Corp. MCD -1.16% to start accepting dogecoin for payment. “I would eat a good meal … Read more