Consumer staples have started to break out on a technical basis. The sector has not improved on a relative basis and is just following the market higher. This defensive sector’s move now could be an early sign of a flight-to-safety. The stock market’s powerful rally since March has been great for nearly all sectors. But…
Two massive heavyweights collide again in Las Vegas on Saturday night. Bob Arum claims the fight will have 2 million+ buys on PPV. Both men are great characters, but the fight will likely be a bore-fest. Bob Arum is no stranger to hyperbole. So when he claims Wilder vs. Fury 2 will have over two…
At last, it is here! The truly self-driving car, no human behind the wheel! For the public! …A few hundred of them, in a closed beta, in a small corner of sun-drenched (never snow-drenched, almost never water-drenched) suburban Phoenix, five years later than some people were predicting six years ago. Few new technologies have ever…
Elon Musk wants to drill holes in China. The Tesla founder has tweeted to reveal that his tunnelling and transportation startup, The Boring Company, will be launch in China later this month. Musk is due to speak at an AI conference, called the World Artificial Intelligence Conference, taking place in Shanghai on August 29-31. Replying…
Elon Musk’s tunneling and transportation startup The Boring Company has raised its first outside investment through the sale of $120 million in stock, according to a securities filing. The details of authorized sale of stock were first reported by Bloomberg News, which reviewed the filing obtained by Prime Unicorn Index. The main investors in the stock…
