Tesla stock is in the midst of losing the most market valuation from a high in its history of being a public company. Shares of the EV maker are down 64% from a peak last November, marking the stock’s largest drawdown dating back to its IPO in 2010, according to data from Compound Capital. The recent 407-day stretch of selling pressure has eclipsed the 60.6% drop from a peak derived over 28 days from Feb. 19, 2020 to Mar. 18, 2020 (chart below). More recently, Tesla stock is down 22% in… Source link

Sidney Crosby and Bryan Rust‘s nice gesture towards a die-hard Penguins fan turned sour after the fan lost the valuable memorabilia on the flight back home. (Getty Images) For most people, getting to see your favourite team and meet the players is a dream come true. In the case of Rob Barrie—a man with Motor Neurone Disease who made the trip from the United Kingdom to Pittsburgh so he could see the Penguins play—one of the best nights of his life quickly turned into a nightmare. After… Source link

LaMelo Ball is finally back in action after missing 11 games. Buckle up for a packed Friday with 10 NBA games. After going into OT Wednesday, the Knicks and Bulls will face each other again in Chicago. The Nets will also be in action on the road to play the Raptors and their 10-4 home record. Out West, the Lakers will try to continue working their way back into the playoff picture when they host the Nuggets. Anthony Davis has been the leader of their improved play by averaging 31.8 points,… Source link

The stock market is on track to take a leg lower this week as investors swerved to assess what kind of damage the Federal Reserve has already done to the economy following a series of aggressive inflation-fighting rate hikes. “We believe that yesterday was yet another example of how investors are changing their focus… from what the Fed is going to do… to what the Fed has already done… and what their significant tightening policy will do to the economy in 2023 (now that it is finally… Source link

The latest updates on the death of Stephen “tWitch” Boss’s death. (Photo: Maarten de Boer/NBCUniversal via Getty Images) New details about Stephen “tWitch” Boss‘s death are emerging. Hollywood was stunned this week after the Ellen DeGeneres Show DJ and So You Think You Can Dance judge/contestant was found dead in an Encino, Calif., motel room. The coroner ruled the 40-year-old’s death, on Tuesday, a suicide. “We had no indication that anything was out of the ordinary,” his grandfather Eddy… Source link

The latest updates on the death of Stephen “tWitch” Boss’s death. (Photo: Maarten de Boer/NBCUniversal via Getty Images) New details about Stephen “tWitch” Boss‘s death are emerging. Hollywood was stunned this week after the Ellen DeGeneres Show DJ and So You Think You Can Dance judge/contestant was found dead in an Encino, Calif., motel room. The coroner ruled the 40-year-old’s death, on Tuesday, a suicide. “We had no indication that anything was out of the ordinary,” his grandfather Eddy… Source link

Skiff cofounders Andrew Milich (left) and Jason Ginsberg (right) are building an end-to-end encrypted workplace suit. They met while planning a hackathon in Stanford. Skiff “Google, Amazon, and Facebook have sort of turned the private human experience into the raw material of the digital economy,” Skiff CTO Jason Ginsberg says. The world needs an alternative workspace suite to Google, says Dan Guido, a long-time user of Skiff, a private and end-to-end encrypted email provider. Now,… Source link

The Golden State Warriors may have to make do without Stephen Curry for the time being. An MRI showed a left shoulder subluxation — a partial dislocation — the team announced Thursday, and a timeline for his return will be announced in the coming days. According to ESPN’s Adrian Wojnarowski, Curry is expected to miss “a few weeks.” Curry suffered a labral injury that will be evaluated in two weeks, The Athletic’s Shams Charania reported. Curry told reporters Friday that surgery was ruled… Source link

A federal judge revealed Friday that earlier this year she granted Justice Department investigators access to emails between three Trump-connected attorneys and Rep. Scott Perry as part of the federal investigation into election subversion efforts by the former president and others. At the request of DOJ, U.S. District Court Chief Judge Beryl Howell unsealed a June opinion in which she determined that 37 emails sent among Trump-era Justice Department official Jeffrey Clark, his aide Ken… Source link

The pain for Tesla investors is unending as a rough week comes to a close. Tesla shares slipped another 4% today, dropping to multi-year lows and giving the stock a nearly 16% drop for the week, as of midday trading. Tesla investors have been blaming CEO Elon Musk for the near term weakness in the stock, with Twitter the main source of the criticisms. Long-term shareholders see him as distracted from running Tesla and abandoning the company during a critical period, and bringing downward… Source link