The Capitalist Countdown is a weekly series that features the biggest stories from the market’s hottest stocks as well as news from under-the-radar hidden gems capable of delivering mutibagger returns to your portfolio.
Please sit back, relax and enjoy Capitalist Countdown’s top 5 market-moving news stories for the week of August 29th – September 4th, 2022.
After the FBI Raided Donald Trump’s Personal Residence at His Mar-a-Lago Club Resort, the Former President and His Allies Reacted Predictably: With Vitriol
After days of attacks by Republicans, documents surrounding the case were unsealed; these documents showed why the raid took place and what was retrieved by FBI agents (top-secret documents taken from the White House). Attacks largely died down in the wake of these revelations, but now they’re ratcheting back up after Meta (NASDAQ: META) CEO Mark Zuckerberg’s recent comments regarding the FBI and the Hunter Biden laptop story.
Ongoing Recession Fears Continue to Alter the Trajectory and Business Plans of Many Companies
Cost-cutting plans at numerous tech firms involve a marked reduction in digital advertising budgets, including Snap (NYSE: SNAP), which saw its stock rebound after announcing restructuring plans and layoffs.
While Passenger Vehicles and Manufacturers Get Most of the Attention for Their Emissions, Airplanes Also Pump Out a Significant Amount of Pollution
As new airline routes are continuously added and more planes take to the sky, the total amount of airplane emissions has been growing, but a new collaboration between Microsoft (NASDAQ: MSFT) and Alaska Airlines (NYSE: ALK) Airlines is taking aim at the issue with plans to advance the production and use of this energy startup’s lower-carbon jet fuel.
The Most Prominent Investor of Modern Times Has His Sights Set on Gold. Black Gold That Is
Learn more about this top oil stock that Warren Buffett is massively boosting his stake in and why a possible total takeover of the energy giant could be Berkshire Hathaway’s (NYSE: BRK.A, BRK.B) biggest ever.
The Bad News Just Keeps Piling Up For the Crypto Industry
2022 has seen the bottom fall out of cryptocurrency prices, NFT interest has plummeted, several Crypto exchanges have committed fraud or have become insolvent, and now we can add gross mismanagement to the list after, in late 2021, Crypto.com botched a simple $100 transfer and instead sent $10.5 million to an Australian woman. To make matters even worse, it took the crypto firm seven months to notice the mistake, and as of now, the company has yet to recover any of the funds nine months later!
Disclaimer: Wealthy VC does not hold a position in any of the stocks mentioned in this article.