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- 📈 Musk Hires Mystery Twitter CEO
Together With
Good Morning!
First up, consumer prices went up in April, but, it was the slowest pace in two whole years. Now, onto the social media realm where the ever-entertaining Elon Musk just dropped a bombshell. Brace yourselves, Twitter is getting a fresh new CEO in approximately six weeks.
And let's not forget about SoftBank - They took a bit of a tumble in Tokyo after announcing that their tech fund took a hit and lost a whopping $32 billion.
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Markets
Stocks mixed as inflation drops below (5 minute read)
The U.S. stock market had a bit of a mixed day on Wednesday. It's all because the government released some data that got investors talking. Consumer prices in April went up, but at the slowest pace in two years - so it ended up a double edged sword. Now, economists were expecting a similar increase, so no surprises there. This report might give the Federal Reserve a reason to take a breather during their next meeting in June. After all, a 4.9% annual increase is still a bit too high compared to their 2% target.
Investing
NBCUniversal's Linda Yaccarino in talks to become new Twitter CEO (5 minute read)
Elon Musk, the man with more titles than you can count, just announced that Twitter (TWTR) will be getting a new CEO in about 6 weeks. The Wall Street Journal spilled the beans on the potential new boss, and it looks like it could be Linda Yaccarino, the head of advertising over at NBCUniversal. She's a big deal, responsible for around $13 billion in ad revenue and has some serious connections with ad agencies. Tesla's stock decided to jump over 2% for the day. It seems like investors are pretty stoked that Musk will have more time on his hands.
SoftBank shares drop after Vision Fund posts a $32 billion record loss(4 minute read)
SoftBank had a bit of a rough day in Tokyo. Their shares took a nosedive, and it turns out their Vision Fund segment had a major setback too. They lost a jaw-dropping 4.3 trillion yen (that's a whopping $32 billion!) for their fiscal year ending in March. They made some not-so-lucky bets on tech firms, including the infamous WeWork disaster.
10X Potential: 7 Best Growth Stocks to Buy Now Under $10 (11 minute watch)
Psst! We've got a juicy secret to share with you. You know those growth stocks that everyone seems to have forgotten about? Well, they might just be the hidden gems you've been waiting for! Forget about the fancy SPACs and IPOs that have taken a beating. We're talking about some seriously discounted stocks that could explode with gains in your portfolio. So, which lucky seven made the cut? These are the under-$10 wonders with 10x potential that you don't want to miss out on.
Money
7 Places Where Vacation Rentals Will Make Money Even in a Recession (5 minute read)
Now, we all know that a recession can put a damper on things, but fear not, for there are some vacation rentals that can weather the storm like champs. Picture this: affordable destinations with that extra sprinkle of "wow factor" that makes tourists go wild. Think stunning beaches, bustling nightlife, and a plethora of activities for all ages. These gems are recession-resistant and always in demand because, let's face it, people still need a getaway no matter what the economy says. So, without further ado, here are the seven ultimate money-making vacation rentals that can give any recession a run for its money.
🐥
Best of Twitter
Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!
My role will transition to being exec chair & CTO, overseeing product, software & sysops. https://twitter.com/i/web/status/1…
— Elon Musk (@elonmusk)
May 11, 2023
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