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As of 8:30 PM Beijing time, WTI crude oil futures fell 4.21%, and US natural gas futures fell 1.63%.Chairman of the Joint Chiefs of Staff, General Kane, said that if ordered to carry out escort missions in the Strait of Hormuz, a range of options will be considered.Chairman of the Joint Chiefs of Staff, General Kane, stated that most Iranian surface-to-air missiles do not pose a threat.German Chancellor Merz: Expresses concern over the lack of a joint plan to end the war in Iraq.March 10 - U.S. stocks stalled their rally as investor confidence waned in a potential end to the Iran conflict. S&P 500 futures fell 0.4% and Nasdaq 100 futures dropped 0.3%. Major indexes had briefly turned positive late Monday after Trump hinted that the war with Iran might be nearing its end. While Trump believes the conflict wont end this week, he insists military action is progressing faster than expected. "In some ways, this news comes at a good time, given the market downturn," said Tom Essaye of Sevens Report. He added that there are still reasons to doubt the viability of the TACO trade. "Trumps conciliatory remarks were welcomed by the market, but if yesterdays TACO rebound is to signify the end of this downturn, unilateral statements alone are not enough," said Kathleen Brooks, head of research at XTB. She added that Trumps comments "may not be enough to permanently eliminate the risk premium already priced into recent oil prices, especially with the Strait of Hormuz still closed," and she expects oil prices to remain volatile as the conflict continues.

Musk Slams the US SEC for Forcing a Tesla Tweet Settlement

Haiden Holmes

Apr 15, 2022 10:04

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Musk, the world's wealthiest person according to Forbes, said that money to take his electric vehicle firm private had been secured at the time he sent his tweets, but the agency "continued to pursue the active public probe."


"As a result, I was compelled to make an illegal admission to the SEC. Those cretins, "Musk explained to the crowd.


Musk said that he felt compelled to deal with the SEC because banks threatened to withhold financing if he did not, thus bankrupting Tesla.


"That's equivalent to holding a pistol to your child's head," Musk said.


"I was obliged to accept that I lied just to preserve Tesla's life," Musk continued.


Musk and Tesla each paid $20 million in civil penalties – and Musk resigned as chairman of Tesla – to address SEC allegations that Musk deceived investors on Aug. 7, 2018, by tweeting that he had "funding secured" to take the business private. At the time, the SEC said that his financing tweets "lacked an acceptable factual foundation."


Musk was also compelled by a similar consent agreement to get pre-approval from Tesla attorneys for tweets and other public remarks that might be significant to Tesla.


On Thursday, the SEC's representative did not immediately reply to a request for comment.


Musk turned down an offer to join Twitter's board of directors last Saturday after revealing his existing ownership of more than 9%. He was supposed to report that he had a position in Twitter greater than 5% and is anticipated to face regulatory scrutiny for missing a deadline to reveal the holding and completing the incorrect form, securities experts said.


Musk said while initiating his takeover attempt for Twitter that he made the offer because he feels "it is critical for there to be an inclusive field for free expression." Musk said that he thinks Twitter's algorithm should be open-source and that the code should be accessible through Github, a Microsoft-owned site for sharing software development code.


When asked whether he has the funding necessary to complete the transaction, Musk stated: "I own adequate resources. I'm willing to do so if feasible." He provided no other information.

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