Elon Musk, the CEO of Tesla, recently made waves on Twitter with his commentary on the housing market. In a tweet, Musk stated, “They dug their own graves” in reference to the housing bubble. This controversial statement has sparked discussions and debates about the impact of Musk’s opinions on the economy. Many experts have weighed in on the matter, sharing their thoughts on the potential consequences of Musk’s critique. With Musk’s track record of moving markets with his tweets, investors are left to wonder what his take on the housing market means for their portfolios.
Monthly Archives: April 2023
Hackers are targeting AT&T email accounts with the intention of stealing cryptocurrency, and it’s important for users to be aware of this threat. The attack involves accessing the victim’s email account and then using that access to hack into their cryptocurrency exchange’s account. According to an anonymous source, the hackers are able to do this because they have access to a part of AT&T’s internal network, which allows them to create mail keys for any user. AT&T email users are at risk for cryptocurrency theft, and it’s crucial to take steps to protect your cryptocurrency. This article covers the mechanics of the attack, the reasons AT&T email users are vulnerable, and offers advice on how to secure your email account and recover your cryptocurrency if it has been stolen.
A Robin Hood hacker has recently stolen Russian cryptocurrency funds and donated them to Ukraine’s poor, according to CoinDesk. The hacker accessed hundreds of cryptocurrency wallets that belonged to Russia’s intelligence agencies, including the FSB, GRU, and Foreign Intelligence Service, and transferred the stolen bitcoins to Ukrainian volunteers. The hacker used blockchain and bitcoin technologies to his advantage, gaining access to the crypto wallets through an as yet unknown feature. Analysts believe the hacker may have infiltrated Russian intelligence services to access the wallets. The first hacks occurred just before Russia invaded Ukraine in February of this year. The hacker initially intended to destroy the stolen funds, but ultimately donated them to Ukraine’s impoverished population.
According to David Doyle, head of North America economics at Macquarie, the US economy is headed toward a more severe downturn than the Federal Reserve is predicting. Inflation is too high for investors to rely on the Fed’s monetary policy to support the economy and markets, which weakens the Fed’s ability to implement a “Fed put”. Despite recent market rallies, Doyle warns of an impending recession for the US economy, which he predicts will be slightly more severe than what the Fed and the market are forecasting. Furthermore, the central bank won’t bail out stocks during the upcoming recession. The Fed has raised interest rates to tame inflation, which had run at four-decade highs before cooling in recent months. The aggressive rate hikes are likely to drag on the economy, and the central bank’s own policymakers have acknowledged the risk of a “mild recession”.
In the potential 2024 rematch between President Joe Biden and former President Donald Trump, Americans across the country have mixed opinions on who would come out on top. Residents in Nashville and Baltimore shared their thoughts with Fox News, with some predicting a Trump victory despite ongoing controversies. Others, like Anikee from Baltimore, believe Biden would prevail. Both candidates face low approval ratings, according to an NBC News poll, with 60% of U.S. adults saying Trump should not run and 70% saying the same of Biden. Despite the lack of enthusiasm for either candidate, Biden announced his run for a second term, and Trump launched his own campaign in November. Nevertheless, some Americans express disgust with the division caused by a potential Trump-Biden face off, and hope to see other candidates emerge.
As airports brace for an expected surge in travelers this summer season, the Transportation Security Administration (TSA) is rolling out a new piece of technology aimed at making airport security checkpoints faster and more efficient. The updated ID scanner comes equipped with a biometric camera that uses facial recognition technology to verify passengers’ identities. Travelers need only insert their ID into the machine and look at the camera, and the self-service device matches their facial scan to the photo on their driver’s license or passport. If their identity is validated, they can proceed to the security checkpoint with minimal interaction with TSA agents. Although the system is voluntary, it has been designed to reduce touchpoints and save time for passengers. According to the TSA, the facial scans are only used to compare to travelers’ picture IDs and are not saved or used for any other purpose. The machines are also capable of reading various types of IDs, including permanent resident cards, military common access cards, and Global Entry cards.
Biofire, a Colorado startup, has created the first working biometric smart gun that uses facial and fingerprint recognition technology to ensure that only authorized users can fire it. The handgun has a small fingerprint sensor on the grip and a 3-D facial recognition sensor on the back. If someone who is authorized picks up the weapon, it lights green and turns on. Once they put it down, it turns off. If anyone else tries to fire the gun, it won’t work. Biofire’s founder and CEO, Kai Kloepfer, was inspired to create the innovative solution after a shooter killed 12 people at a movie theater in Aurora, Colorado. The company has already secured $30 million in venture capital funding, and is now accepting pre-orders.
On Saturday, New York State Attorney General Letitia James hosted a successful gun buyback program, resulting in over 3,000 firearms being surrendered across the state. The program, which offered gift cards in exchange for firearms, was held at nine locations throughout New York, including two in New York City. Among the surrendered firearms were assault-style rifles and “ghost guns.” In Syracuse, where homicides have seen a significant increase this year, 751 firearms were turned over by community residents. The buyback program aims to curb gun violence and protect communities across New York state. Mayor Ben Walsh of Syracuse has recently spoken out against the proliferation of guns in his community, citing it as a contributing factor to the rise in violent crime. The success of the program was described by Attorney General James as a “landmark event” in the fight against gun violence.
The Atlanta Police Department is currently investigating suspected burglars who went to great lengths to steal personal items from a home in Atlanta. The burglary took place on April 14 between the hours of 9:45 p.m. and 10 p.m. According to the police report, the suspects shattered a window to gain entry and then proceeded to cut off the home’s power. Once inside, they took jewelry including watches and cuff links and also stole a shotgun. This incident highlights a disturbing trend where burglars are using sophisticated methods to break into homes and steal personal belongings. Authorities are urging the public to come forward with any information about the suspects involved in this Atlanta burglary. Anyone with information is encouraged to contact Crime Stoppers Atlanta through their tip line or online platform. Tipsters can remain anonymous and may even be eligible for a reward of up to $2,000 for the arrest and indictment of the suspects.
The highly anticipated SpaceX Falcon Heavy rocket experienced a last-minute abort during its triple satellite launch attempt on April 28. The rocket was just 59 seconds away from lifting off at NASA’s Kennedy Space Center in Florida when the abort was called. The cause of the abort is still unknown, but SpaceX propulsion engineer Atticus Vadera confirmed that the vehicle and payload were healthy. The launch has been rescheduled for Sunday, April 30, when SpaceX will attempt its sixth flight of the heavy-lift booster. The primary payload for this mission is a 14,000-pound satellite designed to offer broadband services for Viasat. The weather forecast is currently favorable for launch.