Felix Salmon

Felix Salmon is the chief financial correspondent at Axios. He writes Axios Markets on the weekend, going in-depth on all the ways that money drives the world. emailfelix@axios.comtwitter@felixsalmon

Biography:  https://www.axios.com/authors/fsalmon

64%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.

Bias

85%

Examples:

  • By voting yes on the two proposals, shareholders would give up more than $50 billion that currently belongs to them, in a way that provides no incentive for Musk to add value in the future.
  • Reality check: As with all things Musk, logic can only get you so far. Tesla might be well off its highs, but it's still trading at a mind-boggling premium to auto industry peers, and maybe the only way to retain that premium is to give Musk anything he wants.
  • The votes are effectively a referendum on Elon exceptionalism. He seems to be confident he'll win them both, on the grounds that keeping Elon happy — at almost any price — is ultimately in shareholders' best interests.

Conflicts of Interest

60%

Examples:

  • By voting yes on the two proposals, shareholders would give up more than $50 billion that currently belongs to them, in a way that provides no incentive for Musk to add value in the future.

Contradictions

81%

Examples:

  • China is looking to unleash about $278 billion to rescue its stock market.
  • Economists generally hate this move, saying it introduces inefficiencies to markets. But policymakers are generally more open to it.

Deceptions

40%

Examples:

  • Economists generally hate this move, saying it introduces inefficiencies to markets.

Recent Articles

Record-Breaking Stock Market Concentration: Megacaps and Individual Stocks Shaping the Landscape

Record-Breaking Stock Market Concentration: Megacaps and Individual Stocks Shaping the Landscape

Broke On: Thursday, 27 June 2024 The stock market reached an all-time high in concentration in June 2024, driven by a few megacap tech stocks. Despite fluctuations in individual stocks like Nvidia, investor focus on AI-related companies and overall economic confidence fueled the S&P 500's steady climb.
Ivan Boesky: The Notorious Wall Street Insider Trader and His $3 Billion Fortune

Ivan Boesky: The Notorious Wall Street Insider Trader and His $3 Billion Fortune

Broke On: Monday, 20 May 2024 Ivan F. Boesky, a notorious figure in Wall Street history known for insider trading scandals in the 1980s and aggressive arbitrage trading, left a lasting impact on the financial industry. His cooperation with federal investigators led to the downfall of investment bank Drexel Burnham Lambert and its junk bond king, Michael Milken. Boesky's legacy emphasizes the importance of ethical business practices and transparency in financial markets.
Tesla CEO Elon Musk Apologizes for Incorrectly Low Severance Packages Amidst Company Restructuring and Lawsuits

Tesla CEO Elon Musk Apologizes for Incorrectly Low Severance Packages Amidst Company Restructuring and Lawsuits

Broke On: Thursday, 18 April 2024 Tesla CEO Elon Musk apologizes for incorrectly low severance packages given to laid-off employees during the company's ongoing restructuring, affecting over 140,000 employees. Amidst sales slowdown and competition from Chinese manufacturers, Musk pushes for major changes while facing lawsuits from former Twitter executives seeking $128 million in unpaid severance.
Asia Stocks Rise on China, Energy Shares Gain: Markets Wrap

Asia Stocks Rise on China, Energy Shares Gain: Markets Wrap

Broke On: Tuesday, 30 January 2024 On January 29th, Asian stock markets rose on positive news from China. The Hang Seng in Hong Kong and Shanghai Composite index both gained while U.S futures were lower but oil prices increased. In response to declining stock markets, China's securities regulator suspended the lending of specific shares for short selling starting on Monday.