Category Archives: The Market

Teamsters to create “Amazon Division”

You don’t hear much about the Teamsters union these days. If you do, it’s likely more about pension fund insolvency. Or one of Scorsese’s gangster flicks. Such news begs to ask, “Is organized labor trying to make a comeback?” And, if so, “What chance does it have of success?” Union members vote to create aContinue reading “Teamsters to create “Amazon Division””

“Lift sanctions on space sector or we’ll exit space station”: Russia

Russia has announced that – due to recent U.S. technology embargoes – Roscosmos may be unable to launch its Soyuz-MS spacecraft to service the International Space Station. “We have more than enough rockets but nothing to launch them with,” Rogozin said, in a rare admission by a senior Russian official that Western sanctions are seriouslyContinue reading ““Lift sanctions on space sector or we’ll exit space station”: Russia”

Michael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla

Player Two has tagged in! Burry, one of the first investors to call and profit from the subprime mortgage crisis, is long puts against 800,100 shares of Tesla or $534 million by the end of the first quarter, according to the filing with the U.S. Securities and Exchange Commission. How interesting! He threw in anContinue reading “Michael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla”

Legislators power through measure to overturn Key West vote | Miami Herald

Torpedo boats. Underwater demolition. Napalm. The residents of Key West are considering their options in defending their home. Defenders hope to protect their waters from cruise ship assault. The state just overturned a local vote that banned the large cruise ships. The bill was one of the most ambitious assaults on home rule this sessionContinue reading “Legislators power through measure to overturn Key West vote | Miami Herald”