The US Securities and Exchange Commission (SEC) is an all - powerful federal body of the United States responsible for full control and regulatory regulation of the securities market and all its participants (exchanges, brokers, market makers, issuers of securities, investors, traders).ContentThe role and significance of the SEC - the main instrument of investor confidence in the USWho is controlled by the SEC?What does the SEC require in its monitoring?The main functions of the SECThe reason for the investigation by the SEC may serve asHigh-profile SEC InvestigationsThe SEC investigation against Elon Musk, the founder of the Tesla CorporationSEC investigation against World Boxing Champion MayweatherSEC and CFTC: What is the difference between the two US federal agencies?SEC and CryptocurrenciesSEC Head office and its organizational structureThe first and most criticized head of the SEC in the history of the United StatesFailures in the work of the SECThe role and significance of the SEC - the main instrument of investor confidence in the USRoosevelt's "New Deal" from 1933 brought the country out of the "Great Depression" (1929-1932) and became the starting point for the transformation of the United States into a "superpower". The key link of the reforms was not the abolition of the "prohibition law" and the construction of autobahns with a sharp reduction in unemployment (as modern economists write about), but the creation of a mechanism for long-term and STABLE investment attraction in the American economy through "full protection of investors' rights" by the state.This process was controlled by the federal agency SEC, which received DICTATORIAL powers from the moment of its establishment (1934) to this day.What are the results of the SEC's work over 85 years to protect the interests of investors? Look at the capitalization of the largest American stock exchanges - NYSE $32 trillion. (September 2018) and NASDAQ - $7 trillion (2018).Is it a lot or a little? This is 3 times more than China's GDP in 2018. Such a large-scale attraction of investments in the United States was largely due to TRANSPARENCY and guarantees, which are guarded by the SEC, it is not for nothing that 54% of Americans invest their savings in the American stock market.Read more: What is the New York Stock Exchange (NYSE)Who is controlled by the SEC?The US Securities and Exchange Commission controls1. ALL participants of the financial markets, namelyall stock and commodity exchanges-NYSE, NASDAQ, CME, SWOT, SVO, NYMEX, ICE, COMEX, MGEX, BATS Global Markets, etc.OTC markets, including OTC Markets Group and OTC Bulletin Board;all issuers of securities that issue shares, bonds and derivatives of their enterprises on the stock exchanges or on the OTC market;all hedge funds (including Buffett and Soros funds);all financial asset management holdings (BlackRock with a capital of $6 trillion, The Vanguard Group with $4.8 trillion, JPMorgan Chase with $2 trillion, etc.);exchange-traded ETF funds that copy the investment portfolios of the largest stock indexes (iShares with assets of $1.21 trillion, State Street (SSGA) with $546 billion. etc.);investment banks;brokers,market makers.2. ALL securities and financial instruments: shares, options, stock futures, promissory notes, swaps, checks, bills of lading, warrants, investment units, trust, deposit and savings certificates, etc.Read more: What are futures: types, features, advantages and risks3. ALL investors who, in the case of buying 5% of the shares of any company on any of the US exchanges, are required to register with the SEC.4. ALL successful traders on any trading platform in America. For example, the world champion in trading, Larry Williams, said that he was twice subject to an audit by the SEC and the CFTC, which first froze his trading accounts, then began checking, which, however, he easily passed.Given that ALL the world's corporations issue securities that are listed on one of the US exchanges, guess at once what the SEC REALLY controls? That's right, all global financial flows invested through one or another type of securities (i.e. everything except direct financial transfers from bank to bank, which falls under the monitoring of another US federal agency).What does the SEC require in its monitoring?full transparency and truthfulness of financial reports of all financial market participants;explanations of the logic of making a decision with a large investment;compliance with SEC regulations. For example, since 2017, it is prohibited to have financial relations with Iran, Somalia, Sudan, the DPRK and the Crimea.Read more: How to determine the beginning of the movement of the "bull" market?The main functions of the SECMonitoring compliance with federal laws related to the activities of financial markets.Supervision of activities on the securities market and protection of investors from fraud and manipulation.Control over investors' access to significant financial and other information that public companies are required to provide.Establishing rules for the registration of securities offered for sale, as well as the activities of capital markets and stock exchanges.Supervision of the activities of private regulators, accounting and audit.Control of corporate acquisitions in the United States. For example, in the case of a purchase of more than five percent of the company's equity, the buyer is obliged to inform the Commission about this, since in such a situation there is a risk of absorption.The reason for the investigation by the SEC may serve asFailure to provide important information about securities or misleadingManipulation of the market value of securitiesTheft of securities or client fundsViolation of the principle of fair treatment of the broker-dealer to the clientInsider TradingSale of unregistered securities.High-profile SEC InvestigationsThe scale of the SEC investigation is visible from statistics: in 2018 alone (the reporting period from September 2017 to September 2018), the SEC opened 490 cases, issuing fines totaling $3.95 billion! The figure is comparable to the GDP of Montenegro or the Maldives for the same year.Here are some examples to understand who is fined by the US Securities and Exchange Commission and for what.Read more: Swaps in the financial market. What are they and what are they given to the traderThe SEC investigation against Elon Musk, the founder of the Tesla CorporationIn 2018, the SEC fined Tesla founder Elon Musk $20 million for a tweet about "wanting to buy back all Tesla shares". The shares immediately jumped in price, and the SEC launched an investigation as a result of which it found out that Musk had neither financial capabilities nor intentions that he publicly announced. The result: a fine for "manipulation on the stock exchange" and a temporary ban on staying on the board of directors of your own company.The Tesla corporation was fined separately for the same amount.SEC investigation against World Boxing Champion MayweatherIn 2018 SEC fined $614.7 thousand to multiple world boxing champion Floyd Mayweather Jr. He was accused of covertly promoting the ICO of Centra Tech. Yes, yes, that's right. The famous athlete in his social network account "forgot" to warn subscribers that he received money from Centra Tech for advertising their crypto project when he wrote that he considered their tokens "promising for investment".Mayweather did not agree with the accusation, but he paid the fine...Hollywood stars earn money from advertising, but each of their videos has a "advertising" bar and shows a story in the "advertising" section, and not financial news with a story about how the "star" successfully trades on the financial markets with a particular stock or currency broker. And this is clearly and objectively monitored by the SEC.Read more: What is an ICO?SEC and CFTC: What is the difference between the two US federal agencies?In 1974 the US Congress organized the 2nd federal agency - the CFTC (Commodity Futures Trading Committee), transferring part of the powers of the SEC to it. The boundary of powers concerned the marketsThe CFTC became responsible for futures (gold, silver, oil, nickel, cotton, wheat, cocoa, etc.) and financial institutions involved in their trading;The SEC is responsible for the stock market and all its varieties of securities.Of course, their functions often overlap. For example, if the bank:issued shares, bonds, promissory notesit is controlled by the SEC;brought a contract/futures of the Canadian dollar or oil to the exchange-this activity of the bank is controlled by the CFTC.SEC and CryptocurrenciesCryptocurrencies were also clearly "divided" between the SEC and the CFTC:the current futures of the Chicago Bitcoin and Ethereum Exchange are controlled by the CFTC;new ICO - SEC.The position on entering the market of new coins was clearly voiced by the current head of the US Securities Commission, Jay Clayton:"If you want to go to the IPO with your token, welcome to us. The SEC will help to conduct a public offering to issuers who are ready to assume obligations in accordance with the requirements of the law."About bitcoin: "If cryptocurrencies, such as bitcoin, act as an alternative to sovereign currencies, such as the dollar, euro, yen, they are not considered a security, unlike a token or a digital asset."About the new cryptocurrencies: "If I give you money for business development, and you promise me to receive some profit in the future for this, then such an asset is already a security and is subject to regulation."As you can see, the position of the US Securities Commission on cryptocurrencies is logical and very transparent. Anyone who wants to issue tokens to the market needs to register with the SEC.Why, according to many analysts, did this position "have a negative impact on the crypto market"? The problem is that only 3% of the owners of new tokens implement their crypto projects according to the promises made during the ICO. Why would 97% of the organizers of new coins need such SEC control if they were just planning to scam investors? The media, of course, voiced completely different reasons.Read more: Who are Market Makers and what are they doing on the market?SEC head office and its organizational structureThe main office of the US Securities and Exchange Commission is located at 100 F Street, NE Washington, DC 20549.The structure of the SEC is quite simple:5 members of the commission (one of them is the chairman of the SEC), who change once a year;5 SEC departments (each headed by a member of the commission) - "corporate finance" (controls the issue of securities), "trade and markets" (supervision of exchanges, brokers and securities traders), "investment management"(reporting of issuers and investor complaints) and "legal application department" (monitoring compliance with the law of all market participants), "economic analysis of markets and risks" (monitoring markets and preparing new legal documents);24 divisions serving 5 departments - judges, inspectors, legal advisers, auditors-accountants, specialists in "ethics (!) of the market", etc.11 regional offices in New York, Los Angeles, Boston, San Francisco, Philadelphia, Chicago, Atlanta, Fort Worth, Miami, Salt Lake City and Denver.All members of the commission are appointed by the President of the country, the Senate approves, but the exchange market regulator remains... an independent structure (like, for example, an American court!).The SEC is a federal body, so its decisions are subject to enforcement throughout the United States of America.The SEC cooperates with all US law enforcement agencies (the prosecutor's office, the FBI, the police, the tax service, etc.), each of which transmits materials to the SEC during investigations concerning financial markets.Read more: Issuer of securities: definition, types and featuresTasks of the Federal Securities and Exchange Commission of the United States:control over all participants and financial instruments of the exchange markets;establishment of rules on the securities market;adoption of new acts of regulation of financial markets when any problem is detected;investigation of any violations in the financial markets.The US Securities and Exchange Commission, with its own staff of judges, independence from other branches of government, full control over all participants and financial instruments of the exchange markets and the annual rotation of one of the 5 members of the Commission.But it was these powers that allowed attracting tens of trillions of dollars of investments to the United States with effective protection of investors ' rights and the annual suppression of hundreds of violations and crimes in the financial markets, regardless of the faces of those who violated the Law and encroached on the rights of investors.The first and most criticized head of the SEC in the history of the United StatesThe first head of the US Securities and Exchange Commission was Joseph Kennedy (1888-1969), the father of the future American President John F. Kennedy. Why is such a term applied to it? Answer the question about the policy yourself, which:became a multi-millionaire at the age of 35 (1923) on the illegal alcohol trade during prohibition (1919-1933);he invested the earned funds in "playing on the stock exchange" and "bold transactions" with real estate, where he again succeeded, dramatically increasing the capital of the "family", miraculously avoiding large losses on "Black Thursday" on October 24, 1929 - the day of the stock market crash of America;after the abolition of Prohibition in 1933, the Kennedy Somerset Importers Corporation received an exclusive (monopoly) to export to the United States a number of brands of alcohol (including John Dewar & Sons Scotch whiskey and Gordon's gin).Compare with the principles for SEC members, according to which "only well-known individuals who have earned an impeccable reputation can become members of the SEC." Of course, the competitors of the Democratic Party, the Republicans, could not ignore this fact, bringing down a whole waterfall of criticism on the new head of the SEC from the pages of The Wall Street Journal and other media close to the Republicans.It is not surprising that Joseph Kennedy worked as the head of the SEC for a little more than a year (July 1934-September 1935), leaving for the post of head of the US Maritime Commission, and in 1938-1940 as the US ambassador to the UK (there Kennedy Sr. again "plunged" into the abyss of scandals. After the outbreak of the 2nd World War in 1939, the ambassador to Great Britain began to advocate negotiations... with Hitler and banned the issuance of American visas to German Jews who tried to move to the United States).Failures in the work of the SECThe Dotcom crisis is the main shock of the NASDAQ stock exchange, which in March 2000. lowered the NASDAQ Composite index by almost 5 timesThe "Dotcom crisis" gave rise to a fall and a 2-year bear market of all stock indexes in the world, although weaker than it happened on the NASDAQ. So:the NASDAQ Composite stock index fell by 466.54% (by 4132 points);the Dow Jones index by 61.25% (4552 points);the SP 500 stock index increased by 50.18% (782 points).Read more: Bulls and bears, as well as other animals on the stock exchangeThe "Dotcom crisis" is a natural stage in the development of Internet business in the conditions of:the absence of contextual advertising in those years. I.e., website traffic did not make a profit until in February 2002 Google has launched a version of AdWords, through which Internet resources began to receive guaranteed financial income from advertising.market makers were clearly carried away by 2000 in the "promotion" of the bullish trend, increasing and increasing the cost of Internet resources.But, you must agree, these are not the reasons for the financial losses of $5 trillion with the balancing of the US economy on the verge of a new "Great Depression"? Everything will fall into place if you synchronize the dates of the strikes on the exchanges:March 2000 - the dotcom crisis and the beginning of the fall of the markets;December 9, 2000 - hacking of the Nasdaq Stock Market website;September 11, 2001 - terrorist attack on the United States, panic in the markets, closing of trading on the NYSE and NASDAQ.Someone purposefully tried to "drop the markets", cause distrust in the "high-tech sector" (which is the future) by redirecting investments to the real estate and oil markets. As a result, we succeeded - the "soap bubble" in the real estate market began to grow (it burst in the global crisis of 2008), and the bullish trend of oil continued until 2014.Read more: About NASDAQ Stock ExchangeThe SEC tried to reach out to the customers of the 9/11/2001 terrorist attacks, taking into account all market participants who opened large sell orders on the eve of the tragedy, especially for airline shares, which rose strongly the day before (!!), and then fell by 40%. The results of the investigations were not publicly released, as were the conclusions of SEC analysts about the exit to the entire chain of those who earned more than others, first on the fall of the market, and then on the growth of real estate and oil, gas futures, ...
Electric car maker Tesla announced lower-than-expected deliveries of electric cars in the third quarter due to logistical problems.According to Refinitiv, Tesla delivered 343,830 electric cars, a record for the world's most expensive automaker, but below the expected 359,162. A year earlier, Tesla delivered 241,300 units. During the quarter, the issuer delivered 325,158 Model 3 compact cars and Model Y SUVs to customers, as well as 18,672 Model S and Model X premium cars.The latter deliveries fell short of Tesla's production maximum of 365,923 electric cars, a rarity for the issuer.Tesla has set an ambitious goal of producing nearly 495,000 Model Y and Model 3 in the fourth quarter of this year, Reuters reported, citing internal documents.Meanwhile, Elon Musk demonstrated a prototype of the Optimus humanoid robot on Sept. 30, predicting that his company could produce millions of robots and sell them for less than $20,000, less than a third of the price of the Model Y.Tesla shares on NASDAQ were down 1.1% to $265.25 a share in trading on Sept. 30, and are momentarily losing 5.47% ($250.74) in premarket trading on Oct. 3. More about Tesla tradingIf you are interested in Tesla analytics, we recommend you to visit the analytics page, where you can find the latest analytics on stocks from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest Tesla forecasts and signals contain support and resistance levels, as well as stop-loss ...
Electric car maker Tesla plans to keep production at its Shanghai plant at about 93 percent of maximum capacity through the end of 2022, despite recent upgrades, Reuters reported, citing sources.Since the plant opened in late 2019, Ilon Musk's company has sought to run it at full capacity and recently increased weekly production capacity by 30 percent, to 22,000 vehicles. It is noted that the upgraded plant can produce 14,000 Model Y electric cars and 8,000 Model 3s. According to the publication, Tesla now plans to produce 20.5 thousand electric cars per week by the end of the year, a total of 13 thousand Model Y and 7.5 thousand Model 3.According to the China Passenger Car Association, Tesla sales in China jumped nearly 60 percent in the first eight months of 2022. Since August, the company has cut delivery wait times in China by at least four times, to a minimum of a week, in addition to offering an 8,000 yuan ($1,100) discount to Tesla insurance buyers who made delivery between Sept. 16 and Sept. 30.Tesla shares rose 2.51% to $282.94 per share in trading on Sept. 27, and added 1.43% ($287) in the ...
Electric car maker Tesla is considering a lithium recycling plant on the Texas Gulf Coast to supply a key battery component amid growing demand for electric cars.The potential lithium hydroxide refining plant for batteries would process, purify and produce battery materials, Tesla said in a statement filed with the Texas Comptroller's Office. Tesla is also evaluating a competing site in Louisiana for the project.CEO Elon Musk previously wrote on his Twitter account that Tesla may have to enter the mining and refining industry directly as lithium prices rise.If Tesla's applications for regulatory approvals are approved, construction could begin in the fourth quarter of 2022, with commercial production starting by the end of 2024. Ensuring a steady supply of battery components is critical for Tesla as it faces increasing competition. The company also faces the challenge of significantly increasing production in the second half of the year.Tesla shares on NASDAQ traded up 1.96% to $289.26 per share on Sept. 8, and added another 0.22% to $289.9 on the ...
Electric car maker Tesla has filed suit to challenge Louisiana's ban on direct sales of cars to consumers, calling the U.S. state's actions protectionist and anticompetitive. Tesla said Louisiana officials violated state and federal antitrust laws by banning direct sales starting in 2017 and attempting to limit leasing and service of its cars in Louisiana."Louisiana consumers' freedom is unreasonably limited by protectionist, anti-competitive and ineffective state regulation," the lawsuit, which was filed in the U.S. District Court for the Eastern District of Louisiana, said. Tesla accused Louisiana dealers, the dealers association and some members of the Automobile Commission of "unlawful conspiracy to prohibit Tesla from doing business in Louisiana."Tesla also sued Michigan in 2016 for the state's ban on direct sales and reached a settlement agreement in 2020 under which Tesla could deliver its cars to Michigan through a subsidiary.Tesla shares on NASDAQ were down 1.14% to $284.82 per share in trading on August 29, and are up 2.43% in the moment to $291.73 in premarket trading on August ...
Electric car manufacturer Tesla reports a reduction in the waiting time for delivery of Model 3 and Model Y electric vehicles in China due to an increase in production volumes at the Shanghai plant after the modernization of production lines.The waiting time for the Model Y rear-wheel drive SUV now ranges from four to eight weeks, while buyers of other versions of the SUV and Model 3 sedans need to wait from 12 to 20 weeks. Earlier, Tesla stated that a buyer in China had to wait from eight to 24 weeks after placing an order for the best-selling models.The automaker typically delivers more Shanghai-made vehicles to Chinese customers in the second half of each quarter, which also leads to faster deliveries, the company said.Tesla has completed a large-scale modernization of production lines at the Shanghai plant, its most productive manufacturing center, and is increasing production volumes with the goal of producing 22,000 Model 3 and Model Y cars every week.CEO Elon Musk said that production is more challenging for the company than demand. The company is struggling to increase production at its Berlin and Texas plants, while production losses during a two-month lockdown due to COVID-19 in Shanghai hurt Tesla's profitability in the second quarter.The company has stopped accepting orders for its Cybertruck outside of North America, as well as for Model 3 Long Range cars in the United States and Canada, citing long delivery delays.Tesla shares on NASDAQ on August 17 fell by 0.84% to $911.99 per paper, and lost 0.32% on the postmarket, ending the session at ...
Tesla sharesTesla CEO Elon Musk sold 7.9 million shares of the company for a total of $6.9 billion from August 5 to August 9, reports CNBC with reference to documents filed with the SEC.The sale of shares occurred a few weeks after the businessman abandoned the deal to acquire Twitter for $44 billion and subsequent lawsuits - as Bloomberg writes, the billionaire may need the money in case he is forced to close the deal.In his account on the social network, Musk answered the user's question in the affirmative about whether he would buy back shares if the deal did not take place.According to Bloomberg estimates, over the past ten months, the businessman has sold Tesla shares worth about $32 billion.Coinbase reportingthe American cryptocurrency exchange Coinbase presented weak results for the second quarter of 2022. They also turned out to be worse than expected;revenue decreased by 60% compared to the same period last year and amounted to $803 million. Experts predicted $885.66 million;the company reported a record loss of $1.09 billion against a profit of $1.61 a year earlieron a per-share basis, the loss was $4.98 with a loss forecast of $2.42the monthly number of users who made transactions (MTU) decreased to 9 million compared to 9.2 million in the first quarter and 11.2 million in the fourth quarter of 2021trading volumes fell 2.1 times compared to the same period a year earlier and amounted to $217 billionmajor retail customers are "sitting on the sidelines" due to the economic downturn, said the company's chief operating officer Emily Choi in an interview with Bloomberg TVfor the third quarter, Coinbase management predicts a decrease in the monthly number of users who made transactions to 8 million and a further reduction in trading volumesagainst this background, the stock exchange's shares declined on the postmarket on August 9 by 5.5%, to $82.9 per paperOther important eventsUSA: data on the consumer price index (CPI) for July -17:30 GMTUSA: oil reserves in the USA for the past week according to EIA - 19:30 ...
On Sunday, the US Senate passed the so-called "anti-inflation law" with total funding for $750 billion in the areas of ecology, health and energy generation.Where will the money for the anti-inflation law come from?The developers of the bill plan to receive more than $700 billion over the next decade by fixing the minimum tax rate of 15% for corporations with an income of more than $1 billion, as well as introducing a 1% tax on share buybacks.In the Democrat-controlled Senate, the vote took place with a minimum margin of 51-50, now on August 12, the law must pass the House of Representatives, which is controlled by the same Democrats, and get to Biden's table.Where will the US government send the funds?Climate: Biden's environmental agendaThe largest funding package concerns Joe Biden's environmental program to achieve the election goal. The main provision of the program was to reduce greenhouse gas emissions by 50% until 2030. In the USA, they are quite attentive to this direction, because if we leave the situation unchanged, by the end of the century the temperature in the country will be higher than in Dubai.Against the background of climate warming, forest fires have more than tripled in the states, which also increases government spending on planting new forests. This package provides subsidies and tax benefits for a wide range of industrial enterprises. To a greater extent, utility and manufacturing companies will benefit from the transition of equipment to more environmentally friendly energy sources, and manufacturers of equipment for solar and wind energy.While it is difficult to single out individual manufacturing companies, now their plans are more difficult to predict due to the recession. But there are also obvious brands like Enphase Energy (ENPH), Array Technologies (ARRY) and First Solar (FSLR).Medicine: subsidies for fixing pricesIn the medical direction, subsidies from the Medicare and Obamacare insurance programs will be introduced for medicines in pharmacies and prescriptions from doctors. Also, representatives of state insurance programs will be allowed to "bargain" with corporations to fix prices for the most necessary medicines like insulin. It is planned to start with ten names, expand the list to 15 by 2027 and bring it to 20 by 2029.Subsidies in this direction will not have a significant impact on manufacturers of medicines, but rather will act as additional social protection of the population.Electrification and electric cars: tax benefitsThe text of the bill provides for stimulation in the form of tax benefits for individuals. When transferring home electricity supply to a wide range of different sources of alternative energy, citizens of the country will receive a tax cut that in the United States is almost 50%. This will benefit both citizens themselves and utility companies like Chinese component manufacturer JinkoSolar (JKS) and energy generating Entergy Corporation (ETR), Clearway Energy (CWEN), Vistra Energy Corp. (VST).The incentive measures from the new law also apply to electric car manufacturers and will be useful for Ford (T), Tesla (TSLA), Toyota Motor (TM) and Rivian Automotive ...
The growth of bitcoin is running out of steam: the second day of BTC closes with doji candles.JPMorgan notes an improvement in investor sentiment, but only small players are active. The CEO of deVere expects a "significant" jump in prices by the end of the year.Meanwhile, Tesla sold 75% of its bitcoins in the second quarter.Bitcoin declined by 0.6% on Thursday, ending the day around $23,200. Bitcoin tried to adjust downwards in the first half of the day. In the future, BTC played almost all the decline in the American session against the background of the growth of US stock indices. The first cryptocurrency closes the second day with doji day candles, indicating uncertainty in the market.The improvement in investor sentiment and growing interest in Ethereum on the eve of the transition to PoS provoked the recovery of the crypto market, JPMorgan notes. The growth driver is the activity of retail investors, while there is no inflow of funds into crypto funds.Nigel Green, CEO of the deVere Group consulting company, believes that confidence is returning to the cryptocurrency market. In his opinion, the final cleaning of the market from "weak hands" is still possible before a significant jump in prices by the end of the year.Tesla, the largest manufacturer of electric vehicles, sold 75% of its bitcoins from April to June due to economic problems. As a result, the company earned $ 936 million, according to the company's quarterly report. At the same time, the company has not sold "any" Dogecoin, Musk noted. Earlier, he said that he would continue to support the coin, despite the market correction.Finland has sold off most of the stock of bitcoins confiscated before 2018, worth over 45 million euros.Goldman Sachs, together with the HQLAx platform, carried out the first largest securities lending operation using blockchain technology.Market veteran Peter Brandt criticized MicroStrategy CEO Michael Saylor for saying that bitcoin is a digital commodity asset and is provided with energy. According to Brandt, BTC is an asset with excessive energy consumption, besides without obvious economic functions.The developers of Shiba Inu have signed an agreement with the American visualization studio The Third Floor to create a virtual world of SHIB: The Metaverse ...
The jump in inflation is here. Where to next?In general, it is potentially possible to look at American companies that have some competencies in terms of creating high-tech industries in the United States. Now one of the global trends is connected with the fact that the world is becoming a little less globalized. Part of the infrastructure plan is to move high-tech production – the same semiconductors-to the United States in order to reduce dependence on imported supplies.Therefore, in theory, companies like Intel can win. This is one of the few American companies that has the necessary competencies to implement such things. Moreover, Intel now has a potential deal with GlobalFoundries, one of the major American companies that can also produce semiconductors.At the same time, Intel has its own technical problems, and I will not buy its shares until they are resolved. But this is one of the companies that can theoretically benefit from such a story. This is one of the areas and one of the theses that will be played out for a long time. I don't think there are any ideas on the market right now that will instantly shoot out, because the infrastructure plan is designed for many years. But for those who invest for a long time, you can look at companies that can help implement its elements.Now let's talk about electric cars. In my opinion, companies that produce electric cars directly – Tesla, Lucid Motors and the like-are very expensive, so I don't buy anything in this sector. American traditional manufacturers, for example, GM or Ford, can potentially look more interesting.Here, in fact, there will be a bet on whether the company will be able to transform the business quickly enough to redistribute production from traditional cars with internal combustion engines to cars with batteries without large losses in terms of money and efficiency.In my opinion, GM looks interesting in this regard, especially considering that, in addition to developments in the field of electric vehicles, it has Cruise Automation. This company is one of the leaders in the market of self-driving potential cars. She's already testing them in San Francisco and elsewhere. Therefore, from such companies, in my opinion, GM is potentially interesting.But I do not keep shares of this company in my portfolio because, in addition to the future business, it still needs to understand very well what is happening at the current production facilities. For example, a company has a large number of obligations and other things that are related to its historical business and that can interfere with an effective transformation.But if we talk about the sector as a whole, I would rather look at GM than, for example, at Tesla, and even more so there are recent companies like SPAC, simply because they are very expensive. Although, for example, I really like the Tesla business, but not at the current price.Read more: Causes of inflation and scientific approaches to their ...
