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Capitalist Countdown: Wealthy VC’s Top 5 Investing News Stories of the Week

Welcome to Wealthy VC’s Capitalist Countdown

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.

5. Zuckerberg Claims Facebook Suppressed Hunter Biden Laptop Story After Being Contacted By FBI, Trump Demands Immediate Reinstatement as President (VIDEO)

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.


4. Snap Stock Continues Rally on Restructuring Plan and Layoffs (VIDEO)

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.


Source: Shutterstock

3. Microsoft and Alaska Airlines Are Working With This Energy Startup to Develop Sustainable Jet Fuel

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.


2. Why Warren Buffett is Substantially Increasing His Investment in This One Energy Stock

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.


1. Matt Damon-Backed Crypto Firm Accidentally Transfers Woman $10.5 Million Instead of $100, Nearly a Year Later, the Company Still Hasn’t Recovered Any of the Massive Overpayment

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, 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!


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Disclaimer: Wealthy VC does not hold a position in any of the stocks mentioned in this article.

Ryan Troup

Ryan Troup is the Editor in Chief of Wealthy VC and TCI. Ryan has 15+ years of investing experience. Twitter | Email

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