To The Moon

About the author: Bryce Tingle is a law professor and member of one of Canada's securities commissions.Engine No. 1 launched an audacious bid in 2021 to place some of its representatives on the board of energy giant Exxon. The newly formed hedge fund argued in part that Exxon's lagging stock price arose from the company's failure to plan for a transition to a low-carbon future. Shareholders rewarded the fund's climate change-themed campaign with three seats on Exxon's board. The campaign attracted a lot of shareholder support, at least in part due to the rhetoric around carbon emissions.Political scientists will find this problem familiar. Individual voters in a political election know that their votes won't alter the outcome. Voters correctly respond to this lack of incentive by refusing to spend much time informing themselves. This is the reason for the legendary ignorance of the average voter. Less than 20% of Americans know their senators and less than half know that their state ha

Apple has decided to step in to defend Google over its antitrust trial over online search under the terms of Apple-Google default agreement. The agreement was about making Google as the default search engine on Apple's Safari browser that involve tens of billion dollar per year from that arrangement.The Department of Justice sees Google monopolizing search competition by setting exclusive contracts with companies like Apple and making it the largest search engine in the world. And therefore, the DOJ require Google to, among other things, sell its Chrome browser to restore competition in online search.Google called the DOJ's proposal as overboard and would harm consumers and innovation, Google argued in August trial that it achieved its market position because they are chosen by the consumers for their innovation and not anti-competitive practices.Apple simply doesn't want to build its own search engine. Creating its own search engine would create competition to Google, something that

Delaware Funds by Macquarie, an investment management company, released its “Delaware Ivy Core Equity Fund” Q3 2024 investor letter. A copy of the letter can be downloaded here. The S&P 500 Index rose 5.9% in the third quarter, indicating continuing gains in the US large-cap equity market. Delaware Ivy Core Equity Fund Class I shares outperformed the Fund’s benchmark, the S&P 500 Index in the third quarter. Stock selection drove all of the relative outperformance compared with the Fund’s benchmark, while sector allocation was neutral to relative performance. In addition, please check the fund’s top five holdings to know its best picks in 2024.Delaware Ivy Core Equity Fund stated the following regarding Tesla, Inc. in its Q3 2024 investor letter:. "Tesla, Inc. – Though it isn’t a holding within the portfolio, Tesla continues to be a cult-like stock with weak fundamentals dependent on highly speculative development of autonomous driving technology. The company’s share price moved highe

Nov 25 - Intel expects a small reduction from the $8.5 billion preliminary U.S. subsidies planned for the chipmaker, according to a person familiar with the matter.The $8.5 billion in direct grants were part of a larger package of loan guarantees, tax incentives and other measures announced in March.But in September, Intel also won a $3 billion contract with the U.S. Department of Defense. The funding for that contract ended up coming from the $39 billion that U.S. lawmakers allocated for chip

Dow ends with first day of gains in five sessions. The tech-heavy Nasdaq closed lower on Wednesday (Nov 20), taking a break from the prior session's rally as investors worried about escalating Russia-

Palantir's stock has been a huge winner this year.