ENVE’s new SES wheel range includes its lightest ever production wheelset (and waves goodbye to rim-brake wheels)

ENVE’s new SES wheel range includes its lightest ever production wheelset (and waves goodbye to rim-brake wheels)

ENVE has overhauled its range of SES (Smart Enve System) carbon road and triathlon wheels, adding two new models and moving to hookless rims across the range. One of the new wheelsets, the ENVE SES 2.3, is said to be the “lightest production rim / wheelset ENVE has ever produced”, with a claimed weight of … Read more

Howard Marks explains how to avoid crashes by learning to recognize signs of bull-market excess

Howard Marks explains how to avoid crashes by learning to recognize signs of bull-market excess

Oaktree Capital founder Howard Marks is a boldfaced name on Wall Street, equally well known for his firm’s performance as for his lengthy investor letters that he periodically publishes free online to reach the widest possible audience. As stocks plunged earlier this month, Marks – who built one of the most successful distressed-debt funds in … Read more

The ‘Ultimate’ Bottom? —Major Fund Manager Reveals Shock Bitcoin Price Prediction And Stark Crypto Warning As Ethereum, BNB, XRP, Solana, Cardano And Avalanche Plummet

The ‘Ultimate’ Bottom? —Major Fund Manager Reveals Shock Bitcoin Price Prediction And Stark Crypto Warning As Ethereum, BNB, XRP, Solana, Cardano And Avalanche Plummet

Bitcoin and crypto’s massive $ 1 trillion meltdown over recent weeks has spooked investors, with sudden “price spiral” fears suddenly emerging. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the volatile bitcoin and crypto market The bitcoin price has lost more than 50% since hitting its all-time high of almost $ 70,000 … Read more

Sony estimates its PC games sales will jump 375% over next year

Sony estimates its PC games sales will jump 375% over next year

Andrew Cunningham / Sam Machkovech Sony’s latest financial forecasts, tucked into a Wednesday presentation to investors, saw the company disclose plenty about its varied tech and entertainment platforms. Still, the presentation had a ton to say about its gaming space. Deservedly so: Sony’s “game and network services segment” drove a whopping $ 25.1 billion in … Read more

Demand Destruction Hits Gasoline (But Only a Little) as Prices Spike in Historic Leap Just for Summer Driving Season

Demand Destruction Hits Gasoline (But Only a Little) as Prices Spike in Historic Leap Just for Summer Driving Season

I see gasoline prices rising further despite this modest short-term & long-term demand destruction. By Wolf Richter for WOLF STREET. The price mayhem going on at the pump is now leading to some demand destruction. We’ve been seeing signs of it. We’re in the beginning of driving season, but gasoline demand is not following the … Read more

Woman, 21, is ‘virtually RAPED’ by a stranger in Meta’s metaverse app, report claims

Woman, 21, is ‘virtually RAPED’ by a stranger in Meta’s metaverse app, report claims

A woman was ‘virtually raped’ by a stranger in Meta’s Horizon Worlds metaverse app while another user ‘watched and passed around a bottle of vodka’, a new report claims. SumOfUs, a non-profit that campaigns to curb the growing power of corporations, sent a 21-year-old researcher into the virtual world this month. About an hour into … Read more

Bitcoin Braces For More Hawkish News From The Federal Reserve Today

Bitcoin Braces For More Hawkish News From The Federal Reserve Today

Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, May 4, 2022. The Federal Reserve today raised interest rates by the steepest increase since 2000 and decided to start shrinking its massive balance sheet. Photographer: Al Drago … Read more

Larry Kudlow: The US has multi-trillion deficits over the next decade

Larry Kudlow: The US has multi-trillion deficits over the next decade

FOX Business host reflects on the CBO report and explains the need for a balanced budget. So, even the CBO (Congressional Budget Office) —no friend of supply-sliders — acknowledges that the Donald Trump corporate tax cuts worked. CBO notes that any improvement to Medicare’s fiscal situation is the result of higher payroll taxes following passage … Read more