Austin Smith - Editor for 24/7 Wall St.
Lastest Stories by Austin Smith
: EV Interest Drops: Fewer people are considering buying EVs this year. Lucid’s Big Losses: Lucid Motors lost $790 million in Q2, losing $330K per car sold. Small EV Companies at Risk: Lucid’s...
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: China is learning from Russia’s challenges in Ukraine, focusing on better preparation and backup plans. Asymmetric warfare, like Ukraine’s drone use, could influence China’s Taiwan strategy....
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: “Never-ending wars” include Vietnam, Soviet-Afghan War, and the Global War on Terror. External support, like Western backing of Ukraine, can prolong conflicts. Isolating external support is...
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: iPhone XVI launch underwhelms due to similarity with previous models and delayed iOS 18 release. Apple’s competitive edge in China is at risk against innovative local smartphones. Concerns arise...
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: The prolonged Ukraine conflict risks becoming a “never-ending war.” Ukraine uses innovative tactics, while Russia relies on attrition. Strikes on Russian targets may extend the war as Russia...
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: Elon Musk is concerned about the U.S. national debt, which is growing by a trillion dollars every 100 days. The U.S. now spends more on interest payments than on its defense budget. Proposed...
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: Rising consumer debt, especially in credit cards and car loans, signals financial strain. Persistent inflation adds pressure on already stretched consumers. Overextended consumer spending could...
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: Russia’s failed quick-strike strategy has led to a prolonged, costly war. Nearly a million casualties and severe economic damage in Ukraine. Risk of conflict escalation and waning international...
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: EV Interest Drops: Fewer people are considering buying EVs this year. Lucid’s Big Losses: Lucid Motors lost $790 million in Q2, losing $330K per car sold. Small EV Companies at Risk: Lucid’s...
Published:
: iPhone XVI launch underwhelms due to similarity with previous models and delayed iOS 18 release. Apple’s competitive edge in China is at risk against innovative local smartphones. Concerns arise...
Published:
: Elon Musk is concerned about the U.S. national debt, which is growing by a trillion dollars every 100 days. The U.S. now spends more on interest payments than on its defense budget. Proposed...
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: Warren Buffett is concerned about cybersecurity insurance after recent breaches. He’s wary of bank holdings as loan payments falter, with Ally Financial and JP Morgan showing signs of trouble....
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: U.S. set a record for oil production in December, the highest ever by any country. Shale production continues to debunk “peak oil” predictions. Geopolitical tensions in the Middle East could...
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: Significant drop in oil prices due to weak demand and oversupply. Traders are using a dual strategy: shorting gasoline and going long on crude oil. Master Limited Partnerships (MLPs) offer high...
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: Rising consumer debt, especially in credit cards and car loans, signals financial strain. Persistent inflation adds pressure on already stretched consumers. Overextended consumer spending could...
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