Elon Musk Dares Twitter's Parag Agrawal, Climate Bill Scrapes Through, Fed Official Steps Up Hawkish Rhetoric And More: 5 Key Stories You May Have Missed From This Weekend

Zinger Key Points
  • Senate clearance of the climate bill was the most discussed topic over the weekend.
  • Warren Buffett's Berkshire Hathaway reported big investment losses in Q2, underlining market volatility.
Elon Musk Dares Twitter's Parag Agrawal, Climate Bill Scrapes Through, Fed Official Steps Up Hawkish Rhetoric And More: 5 Key Stories You May Have Missed From This Weekend

The weekend that went past had its fair share of action, with Washington lawmakers keeping companies and investors on tenterhooks regarding the Senate clearance of the climate bill before finally approving it. With earnings still on the radar and key inflation data due in the unfolding week, here's a recap of a few major headlines that hit the wire over the weekend:

Elon Challenges Twitter CEO For Public Debate: Tesla, Inc. TSLA CEO Elon Musk got chirpy on Twitter during the weekend. When one of his followers discussed Twitter, Inc.’s TWTR monetizable daily active users metric and criticized the methodology the platform uses for calculating spam accounts, Musk chimed in. He challenged Twitter CEO Parag Agrawal to a public debate about the bot count.

Musk also ran a poll, soliciting answers on what his followers think is the accurate percentage of the bot count.

Senate Passes Climate Bill: The U.S. Senate finally got around to approving the Inflation Reduction Act, albeit by a slim majority. The proposals under the bill aim to make healthcare costs affordable, lower deficits, and further clean energy in a bid to tackle climate change. The House will vote on the proposals on Friday, as representatives return following the summer recess.

Trump A Favorite For 2024 Rerun: The results of the Conservative Political Action Conference’s straw poll showed that a majority of respondents picked former President Donald Trump as their choice for the 2024 presidential election. While Trump received 69% of the vote, Florida Governor Ron DeSantis was a distant second, garnering 24% of the votes. The straw poll also found that Trump’s approval rating was as high as 99%.

Berkshire Hathaway Posts Steep Q2 Investment Losses: Billionaire Warren Buffett’s Berkshire Hathaway, Inc. (NYSE: BRK-A) (NYSE: BRK-B) reported a higher operating profit for the second quarter. The company reversed into the red, as it incurred huge investment losses, primarily tied to its equity investments. The company noted that Apple, Inc. AAPL, Bank of America Corporation BAC, Coca-Cola Company KO, Chevron Corporation CVX, and American Express Company AXP accounted for about 69% of its equity portfolio.

Fed’s Bowman Calls For Aggressive Rate Hikes: Federal Reserve Governor Michelle Bowman on Saturday called for additional 75-basis-point increases in Fed rates until inflation declines in a “consistent, meaningful and lasting way.” Friday’s non-payrolls report showed a robust clip of job gains, and ever since, the market has begun pricing in additional similarly-sized rate increases.

What Else: The upcoming week is likely to see earnings reports from more blue-chip companies, with notable among them being Tyson Foods, Inc. TSN and Walt Disney Company DIS.

Bloomberg’s Mark Gurman explained in his weekly Power-on newsletter why Apple could be delaying the release of the newest iteration of the iPadOS.

Block, Inc.’s SQ Jack Dorsey took to Twitter to express his displeasure over China’s zero COVID policy and called for an end to the Chinese communist regime.

Posted In: EarningsGovernmentM&ANewsPoliticsTop StoriesGeneral

11 Best Black Friday Deals on Amazon

11 Best Black Friday Deals on Amazon

The best Black Friday deals from Amazon are still coming hard and fast because the holiday is not yet upon us and the mega-retailer prefers to keep consumers on the hook for as long as possible—spending as much money as possible. 

To that end, here are some of the best Black Friday deals from Amazon that you might want to consider today.

Calphalon 10-Piece Pots and Pans Set

Regular Price: $172

Sale Price: $138.88

Calphalon’s 10-Piece Pots and Pans Set is designed with stainless steel, stay-cool handles along with pour spouts. The nonstick surface is PFOA-free and built with hard-anodized aluminum that is both durable and conducts heat extremely well. The set includes 2 fry pans, a sauce pan with cover, saute pan with cover and large stock pot with cover.

Apple AirPods 2nd Generation

Regular Price: $144

Sale Price: $85.49

The 2nd Generation AirPods from Apple connect to all Apple devices and give you an enhanced listening experience. Plus, they come with a case that keeps them safe and allows you to charge them in a secure environment. With over 24 hours of battery life, access to Siri and easy setup, you can start listening to your favorite tunes or podcasts today.

Adidas Ultraboost 21 Running Shoes

Regular Price: $129.98

Sale Price: $89.98

The Adidas Women’s Ultraboost 21 running shoe is perfect for anyone who likes a short run, maybe a 5K, half marathon or more. Coming in several colors and styles, you can slip these shoes on, enjoy the cushioned outsole, sink into the supple insole and secure laces.

Ninja AF101 Air Fryer

Regular Price: $129.99

Sale Price: $97.83

The Ninja AF101 Air Fryer allows you to crisp, roast, reheat and even dehydrate food products faster and cheaper than ever before. It has a 4-quart capacity and offers a wide temperature range along with several time settings so that you can customize each dish to your needs. Plus, all the parts are dishwasher safe.

Beats Solo3 Wireless On-Ear Headphones

Regular Price: $199.95

Sale Price: $99

Beats by Dr. Dre are among the best headphones on the market, and the Solo3 Wireless On-Ear Headphones include the Apple W1 chip, Class 1 Bluetooth and 40 hours of battery time. These headphones even have a built-in microphone and offer an adjustable fit so that you can be comfortable whether you’re listening to an Android or iOS device.

Hoover Power Scrub Deluxe Carpet Cleaner

Regular Price: $198.98

Sale Price: $175.98

The Hoover Power Scrub Deluxe Carpet Cleaner allows you to keep your home spotless and clean up after your pets. The cleaner comes with the Hoover Paws and Claws Deep shampoo and a storage mat to keep the floor dry once it’s put away.

LG CordZero Auto Empty Cordless Stick Vacuum

Regular Price: $999.00

Sale Price: $851.71

The LG CordZero Auto Empty Cordless Stick Vacuum and Wet Mop All in One Tower is designed to work in homes with several pets or children and clean up all the messes that life brings. The battery lasts up to 2 hours, and there’s an extra removable battery that gives you even more cleaning time and power.

Breville Fresh and Furious Blender

Regular Price: $278.60

Sale Price: $199.95

Breville, a top name in blenders and juicers, offers the Fresh and Furious Blender, featuring 50-ounce capacity, Vac Q technology, pre-programmed cycles, LCD display and lid with pull ring. With the Fresh and Furious Blender, you can make everything from a smoothie to a soup and everything in between.

Hot Tools Professional 2000 Turbo Ionic Hair Dryer

Regular Price: $89.99

Sale Price: $55.63

The Hot Tools Professional 2000 Turbo Ionic Hair Dryer is designed for professional use, but it works perfectly in the home. With 1875 watts of power, 6 heat and speed settings and a lightweight design, you can easily style your hair and utilize the diffuser, cut back on the frizz and stretch the 8 ft cord for maximum functionality.

Columbia Heavenly Long Hooded Jacket

Regular Price: $160

Sale Price: $97.38

The Heavenly Long Hooded Jacket from Columbia is designed to be light for everyday use, but it’s heavy enough to protect you from the cold. The plush fleece lining, security pocket, water resistant fabric, 2-way zipper, and zippered hand pockets make the jacket both protective and functional.

ConAir InfinitiPro Hair Dryer

Regular Price: $49.99

Sale Price: $29.99

ConAir is one of the biggest names in hair and beauty, and the InfinitPro is an 1875 watt hair dryer designed for professionals with ceramic technology. The dryer comes with a diffuser and concentrator, and it allows you to blow out your hair just the way they would at the salon.

Deals the Experts Are Hoping For

Experts believe that Amazon’s Black Friday sale could linger for quite some time. It all started with the Prime Early Access sale on October 11 and 12. Previously, Amazon has offered the “Epic Deals” sale that ran through late October. 

This is to say that any sale could come up at any time. 

Even so, those monitoring Amazon are looking forward to a few potential deals, including:

  • Apple Watch
  • AirPods (any generation)
  • MacBook Pro
  • Large, underpriced TVs
  • Amazon Echo
  • More small home appliances (Dyson or Shark vacuums, Instant Pots, etc.) 

While these predictions are based on last year’s Amazon Black Friday Sale, it’s important to remember that most Black Friday sales are fairly consistent and push the products that are most likely to sell.

 

Featured image sourced from Shutterstock

Posted In: Partner ContentGeneral