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.com twitter@felixsalmon Stories Newsletter editions
Biography:
https://www.axios.com/authors/fsalmon
76%
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
90%
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.
Conflicts of Interest
75%
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.
Contradictions
81%
Examples:
- Boesky was known for craving the limelight and living extravagantly.
- He grew up in working-class Detroit and dropped out of multiple universities before turning his father's bar into Le Club a-Go-Go which went bankrupt.
- Ivan Boesky died at the age of 87.
- Nvidia is up more than 150 percent this year.
- Social Security pays less than half of average wages and faces possible benefits cuts.
Deceptions
60%
Examples:
- Elon Musk's $56 billion ask
Recent Articles
Two-Thirds of Americans in Their Mid-50s Express Concern Over Outliving Retirement Savings
Broke On: Wednesday, 10 July 2024Two-thirds of Americans in their mid-50s express concern about outliving their savings due to falling short of recommended retirement goals and the expected depletion of Social Security trust funds by 2035. Record-Breaking Stock Market Concentration: Megacaps and Individual Stocks Shaping the Landscape
Broke On: Thursday, 27 June 2024The 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
Broke On: Monday, 20 May 2024Ivan 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
Broke On: Thursday, 18 April 2024Tesla 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
Broke On: Tuesday, 30 January 2024On 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.