Author: Sarah Rodriguez

Seasoned financial journalist with a decade of experience, Sarah Rodriguez deciphers global economic complexities with insightful analysis. From global trades to Real Estate, her expertise offers readers a comprehensive view of the ever-evolving business landscape.
SpaceX Scandal: Allegations of a Secret Romance Between Elon Musk and Former Intern
Industry Insights

SpaceX Scandal: Allegations of a Secret Romance Between Elon Musk and Former Intern

A new report by The Wall Street Journal has brought to light allegations of a brief romantic relationship between Elon Musk and a former SpaceX intern. This revelation comes amidst ongoing scrutiny of SpaceX over workplace conduct and sexual harassment claims. According to the report, the woman, whose identity remains confidential, first met Musk in the early 2010s during her internship at SpaceX while she was still a college student. She told friends that her initial interactions with Musk included sharing ideas to improve the company, which eventually led to a date where they bonded over "Star Wars" and shared a kiss. The report further details how Musk flew the woman to Sicily to visit him at a resort, citing documents reviewed by The Wall Street Journal. In 2017, Musk personally...
Real Estate Mogul Frank McCourt Organizes Bid to Acquire TikTok’s US Business
Innovation & Technology

Real Estate Mogul Frank McCourt Organizes Bid to Acquire TikTok’s US Business

Real estate mogul Frank McCourt is leading a new effort to buy TikTok’s US business through Project Liberty, an internet advocacy group he founded in 2021. McCourt's move comes after US lawmakers voted to ban the Chinese-owned app unless it is sold within a year. On Wednesday, McCourt announced that he is forming a team of experts to help with the acquisition. This group includes investment bank Guggenheim Securities, law firm Kirkland & Ellis, as well as technology experts, academics, and parents. Their goal is to create a new internet model that gives users and creators more control over their digital identities and data. "We thought this was a really fantastic opportunity to accelerate the creation of an alternative internet," McCourt told the Associated Press. With a net wor...
Retirees on the Move: Why Warm, Affordable Cities in the South Are Gaining Popularity
Real Estate

Retirees on the Move: Why Warm, Affordable Cities in the South Are Gaining Popularity

In recent years, retirees have been flocking to warmer, more affordable cities in Arizona, Texas, and Tennessee, leaving behind bustling metropolises like New York, Los Angeles, and Chicago. This trend, highlighted by a new analysis from SmartAsset, is driven by a combination of lower living costs, warmer climates, and better access to health and entertainment resources. The Exodus from the North According to SmartAsset’s 2022 study, Mesa, Arizona, a city just east of Phoenix, emerged as the top destination for retirees. With a net influx of nearly 7,000 retirement-aged individuals, Mesa not only led the pack but did so by a significant margin. Out of the 182 cities analyzed, all the top 10 cities for net movement of retirees were in the South. This shift underscores a broader trend...
Tesla Slashes North American Job Postings
Industry Insights

Tesla Slashes North American Job Postings

In what amounts to a sudden twist of events, leading electric car maker Tesla has slashed its job postings in North America from 3,400 positions to just three. The reduction in postings signals the recent struggles that the company has gone through after a very challenging first quarter, where it laid off some employees and missed some of its financial targets. The eliminated positions were primarily located in California, Texas and Nevada, according to archived pages of Tesla's official careers page analyzed by Quartz. Many of these were available as recently as Tuesday for example, but gone by Wednesday. All of the U.S. jobs listed as available are part of the so-called "manufacturing development program" that represents a short-term training opportunity at local community colleges i...
New York City Has Become The Millionaires’ Hub
Global Economic Outlook

New York City Has Become The Millionaires’ Hub

New York City has reached a milestone as it now holds the title of having the higher number of millionaires, in the world. A recent report from Henley & Partners a firm specializing in immigration services reveals that the Big Apple is currently accommodating 349,500 millionaires making it a top global destination for individuals surpassing prominent cities. The notable increase in New Yorks millionaire population signifies a 48% surge over the decade. This growth is primarily attributed to the performance of markets as highlighted by Henley & Partners. Despite some individuals relocating elsewhere due to the pandemic many more have opted to make New York their residence contributing to its flourishing community of millionaires. New York City is home to a total of 8.2 millio...
U.S. Construction Industry Struggles with Worker Shortage, Pushing Up Housing Costs
Real Estate

U.S. Construction Industry Struggles with Worker Shortage, Pushing Up Housing Costs

The construction industry is having a tough time finding workers this year, with a shortage of about 500,000 people. This is making it more expensive to build homes when there's already not enough houses available. Experts say the US needs to do more to help people go from school to working in construction. When the pandemic started in the US in 2020, many construction projects stopped and lots of workers lost their jobs. But as more people started working from home and wanted bigger houses, the demand for new homes went up fast, and workers got back to work. That demand hasn't gone down. Over the past four years, there's been even more need for workers because there aren't enough houses and the government is spending more money on big projects. A model, developed by Associated Buil...
Malaysia Thinks About Adding Casino to Help Forest City Mega-Project
Real Estate

Malaysia Thinks About Adding Casino to Help Forest City Mega-Project

Malaysia's got a big plan for Forest City, a place that's kind of like a big dream turned ghost town. They're thinking of adding a casino there, which could be a game-changer for the struggling development. It might even lure in folks from Singapore who are into a bit of gambling but don't want to deal with the hefty tax back home. Back in 2006, when they first talked about Forest City, it sounded amazing. They were aiming to build a super fancy neighborhood down south, close to Singapore. It was supposed to be home to a whopping 700,000 people and have cool stuff like waterparks and fancy hotels. But fast forward eight years, and it's more of a ghost town than a bustling community. The developers pumped in a crazy $100 billion, but now only a handful of folks actually live there. It's...
Senate Passes Bill with TikTok Ban in US: What’s Next for the App?
Industry Insights

Senate Passes Bill with TikTok Ban in US: What’s Next for the App?

The Senate just gave the nod to a bill that could kick TikTok out of the US. It's all part of this big foreign aid package. Once Biden puts his John Hancock on it, ByteDance, the company behind TikTok, has got 270 days to find a buyer. Trump tried to pull a similar move with an executive order, but the courts weren't having it. So, the Senate got this bill through on Tuesday, and if Biden's true to his word, he'll sign it soon. The vote was pretty lopsided, with 79 saying "aye" and only 18 giving it the thumbs down. Now, this bill was snuck into a bunch of other bills the House passed recently. They were sending aid to places like Ukraine, Israel, and Taiwan, and there was even some cash for humanitarian aid in Gaza. But buried in all that was a little something for TikTok: either B...
Tesla Slashes Prices Again to Woo Back Customers Amid Falling Sales
Financial Analysis

Tesla Slashes Prices Again to Woo Back Customers Amid Falling Sales

Tesla's making a bold move to regain customers by cutting car prices across the U.S., China, and Europe after a slump in sales. They've also dropped the price of their fancy driver-assistance software, Full Self Driving, by a cool one-third in the U.S. — now just $8,000. This price chop spree happened right before Tesla is due to spill the beans on their first-quarter earnings this Tuesday. Historically, Tesla’s profit margins have taken a hit every time they’ve cut prices. But it seems like desperate times call for desperate measures. The reductions included a $2,000 price cut on their popular models like the Model Y, X, and S in the U.S., as reported by Reuters. Now, the hottest Tesla, the Model Y, starts at $42,990, which is pretty sweet for a high-tech ride. No price changes ...
Brazilian Woman Busted Trying to Get Bank Loan with Deceased Uncle
Financial Analysis

Brazilian Woman Busted Trying to Get Bank Loan with Deceased Uncle

A bizarre incident unfolded in a Rio suburb where a Brazilian woman, Erika de Souza Vieira Nunes, was arrested after attempting to use her deceased uncle to secure a bank loan. Local media, O DIA, reported that Nunes wheeled her uncle into a branch of Itaú Bank, attempting to have him sign for a 17,000 reais ($3,250) loan. Suspicion arose when Nunes entered the bank with the elderly man slouched in a wheelchair. She was seen on security footage trying to manipulate his hand and head to sign the loan documents. During the interaction, she was heard coaxing the unresponsive man, "Uncle, you need to sign. If you don't sign, there's no way, because I can't sign for you." Bank staff grew concerned due to the man's unresponsiveness and alerted local ambulance services. Upon their arrival,...