The weekend was nothing short of dramatic, especially on the geopolitical front. From the political upheaval in Russia to the ongoing legal battles of former President Donald Trump, the weekend was brimming with activity. In the tech sector, giants like Apple Inc. AAPL and Tesla Inc. TSLA continue to make headlines, while the cryptocurrency market remains as unpredictable as ever. Let’s dive into the top stories of the weekend.
Putin’s Unexpected Departure Amid Wagner’s Uprising: In a surprising turn of events, President Vladimir Putin’s plane was spotted leaving Moscow amid an uprising by the Wagner militia. The mercenary chief, Yevgeny Prigozhin, announced a retreat to prevent further bloodshed, sparking rumors of Putin’s potential flight from the country. However, Presidential spokesman Dmitry Peskov denied these claims, stating that Putin was “working at the Kremlin.” Read the full article here.
Trump’s Team Opts for Cash Payment in Defamation Case: In a unique legal move, Donald Trump’s team has requested to pay the $5 million owed to writer E. Jean Carroll in a defamation case as cash rather than a bond. This decision could save the former president $55,500 as he appeals Carroll's trial victory. Read the full article here.
Cathie Wood’s Prediction for Tesla’s AI Future: Cathie Wood of Ark Invest has expressed confidence in Tesla’s AI potential. Wood stated that if Tesla successfully ramps up its AI training capacity, it could be the first to launch a nationwide autonomous taxi platform, a significant AI-driven opportunity with “SaaS-like margins.” Read the full article here.
Apple’s Potential $4 Trillion Market Cap: According to an analyst from Fairlead Strategies, Apple could reach a market cap of $4 trillion by the end of 2024. The tech giant recently hit an all-time high, inching closer to reclaiming the $3 trillion mark. Read the full article here.
See Also: Musk Says Cage Fight With Zuckerberg ‘Might Actually Happen’
Elon Musk Misses Meeting with Biden and India’s PM: While several tech CEOs and senior officials attended a meeting with President Joe Biden and India Prime Minister Narendra Modi, Elon Musk was notably absent. This absence follows a pattern of Musk being overlooked for such meetings, despite Tesla’s significant contributions to the EV and AI sectors. Read the full article here.
What Else: Robert Kiyosaki Warns of Impending Crash: Robert Kiyosaki, author of “Rich Dad, Poor Dad,” has warned of a potential economic crash. Citing his observations at a restaurant with low prices and empty tables, Kiyosaki urged people to prepare for a downturn and invest in gold, silver, and Bitcoin BTC/USD. Read the full article here.
Bitcoin’s Market Cap Could Triple, Says Market Guru: Macro guru Hugh Hendry predicts that Bitcoin’s market cap could almost triple in size, reaching $1.5 trillion. Hendry believes that Bitcoin will be one of the top-performing assets when macroeconomic conditions worsen, and its market cap will likely get a boost from regulators targeting other digital assets they don't consider a commodity. Read the full article here.
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