Free Game Fortnite Proves Unlikely Boost for $18 Billion Giant Best Buy

Fortnite, Best Buy

Best Buy shares saw a massive upswing on Wednesday as the company announced its Q4 earnings report, well-above analysts’ expectations.

Pumping its profits was its selection of wearables, smart home devices, and the unstoppable popularity of free game Fortnite driving demand for gaming consoles and accessories throughout the holidays.

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Kraft Heinz’s 20% Stock Plunge Sees Warren Buffett’s Berkshire Hathaway Lose $2.8 Billion

Kraft Heinz, Berkshire Hathaway

The SEC isn’t messing around when it comes to investor protection. We’re getting used to subpoenas being dealt out in the cryptocurrency space. But when it comes to traditional industries, they pack a decent punch. One right hook so hard, in fact, that it saw Kraft Heinz stock plummet by 20%. And Warren Buffett’s Berkshire … Read more

Bill Gates: ‘Extreme’ Alexandria Ocasio-Cortez’s Tax Reforms Would ‘Create Tax Dodging’

Bill Gates, Alexandria Ocasio-Cortez

What does America’s second wealthiest man think of Ocasio-Cortez’s tax reforms? Bill Gates believes that talk of a top-rate tax of 70 percent is “extreme” and completely “missing the picture.” In an interview with the Verge, Gates spoke out on his views of the taxation reforms. He conceded that taxes could be higher, or “more … Read more

SpaceX Layoffs Were Caused by ‘Absolutely Insane’ Projects, Admits Elon Musk

elon musk spacex

There aren’t many CEOs who can blame company layoffs on interplanetary space crafts and Space-based Internet. But then, there aren’t many CEOs like Elon Musk. During an investor call for Tesla on Wednesday, Musk argued that the SpaceX layoffs were completely different and due to his company’s ‘absolutely insane’ projects. SpaceX documentary actual footage pic.twitter.com/RrEwYwMNgj … Read more

Tesla Just Dealt a Devastating Blow – Elon Musk Trims 7% of Workforce to Cut Costs

amazon tesla rivian elon musk

Tesla delivered a catastrophic blow to its U.S. workforce this Friday. In a memo reviewed by the Wall Street Journal, CEO Elon Musk said the company will be slashing its staff by 7%. Despite announcing its first gigafactory outside of the United States in Shanghai barely over a week ago, the electronic car maker will be … Read more

Elon Musk and Tesla Start Building First Foreign-Owned Car Plant in China

Tesla gigafactory 1

Straight from the horse’s mouth. Despite multiple complications and the ongoing trade war between the US and China placing Tesla plans in doubt, today, the electronic car manufacturer began breaking ground on the construction of the first Tesla gigafactory outside of the US in Shanghai. On Twitter this morning, the charismatic businessman enthused: Looking forward … Read more