Month: January 2025

China is ahead of Starlink in high-resolution space-to-ground laser data transmission in the 6G standard.

China has made a technological breakthrough in satellite-to-Earth laser communications, setting a data transfer rate record of 100 Gbps — 10 times faster than the previous record. Chang Guang Satellite Technology, which operates the world’s largest commercial satellite constellation, Jilin-1, conducted the test using a mobile ground station. submitted by /u/Demblin [link] [comments]

Most of us have a fantasy of throwing a few bucks at, say, a penny stock, and watching it explode in value. Three months later, we’re driving that new Porsche, or taking the Euro trip, or putting the kids into the elite private school…

Now let’s channel that dream responsibly. 👉 Choose a slice of your portfolio to gamble – small enough to lose without losing sleep. Whether that’s 0.05%, 1%, or 15%, be honest with yourself. 💸 Convert your chosen percentage into an actual dollar amount based on your portfolio size. Picture burning that cash. Still comfortable with it? If yes, go for it. If not, lower your gambling percentage until you are. submitted by /u/FXgram_ [link] [comments]

Bernie Sanders has said: Elon Musk is wrong.

“…The main function of the H-1B visa program is not to hire “the best and the brightest,” but rather to replace good-paying American jobs with low-wage indentured servants from abroad. The cheaper the labor they hire, the more money the billionaires make”. submitted by /u/XGramatik [link] [comments]

SCOOP: BIDEN discussed plans to strike Iran nuclear sites if Tehran speeds toward bomb

White House national security adviser Jake Sullivan presented President Biden with options for a potential U.S. attack on Iran’s nuclear facilities if the Iranians move towards a nuclear weapon before Jan. 20, in a meeting several weeks ago that remained secret until now, three sources with knowledge of the issue tell Axios. submitted by /u/XGramatik [link] [comments]

Deedy: New Hindenburg report calls Carvana “a father-son accounting grift for the ages.” The online car dealer’s stock went 60x in the last 2yrs after dropping 99%, hitting a $44B valuation, while the CEO’s father sold $5B in stock. Here’s the wild story of CVNA…

From Aug 2021 to Dec 2022, Carvana stock plunged 99%. CEO’s father Ernest Garcia II sold $3.6B in stock before that. After the 63x rebound, he just sold another $1.4B. Funny timing? Carvana sells used cars online, but their real business is originating auto loans. They make money by quickly selling these loans to other cos. But now their main buyer (Ally Financial) is pulling back. When they needed a savior, a mysterious buyer took $800M in loans. The buyer? Supposedly a trust affiliated with Cerberus Capital, where Carvana Director Dan Quayle is Chairman of Global Investments. A report shows 44% of their loans since ’02 are underwater. Delinquencies 4x industry avg. Former director says “We approved 100% of them” Carvana’s avoiding reporting the higher delinquencies by granting loan extensions enabled by its loan servicer, an affiliate of private car dealership DriveTime. And you guessed it? It’s run by Carvana’s CEO’s father. There are a litany of accounting red flags —Inflates profit metrics by ~34.5% by moving $390M in selling costs to “SG&A” —Carries $553M in loans with no loss reserves —Manipulate earnings between Qs by timing loan sales “You can move very large amounts of income around” Carvana also created a secret “economy line” with lower standards with reduced brake pad requirements, accepting cars “looking like they were out of a war zone”. Yet told investors in Aug ’23: “vehicle quality metrics have been stable” Their auditor is also very sus, — Includes NYSE-suspended member — Same person previously sent money to CEO’s father — Mid-tier auditor for 10+ years — Carvana has an undisclosed SEC investigation ongoing! The coming storm seems all too obvious — $4.8B in net debt — Must pay $215M annual interest starting 2025 — Used car prices are down -20.3% in 3 years — Subprime delinquencies higher than 2008 The big picture: While insiders have cashed out $5B+, Carvana never raised significant capital to de-risk its balance sheet. Hindenburg’s concludes “The Garcias will leave shareholders with nothing.” submitted by /u/XGramatik [link] [comments]