George Clooney says that he did yoga to prepare for his role in the new space drama Gravity, which premiered at this week's Venice Film Festival. He said the biggest challenge was learning how to 'move slowly to mimic body movement in space while speaking quickly
Benny Dayal, Atif Aslam and Honey Singh will be churning out the latest Indian and Pakistani foot-tapping numbers at the 9/12 Hungama concert, to be held at the Dubai International Convention and Exhibition Centre on September 12. The show, organised by Cre8 Events, will start at 7.30pm
Want to stand out from the crowd? Check out Kanztee.com, a T-shirt company that invites local artists to have their work on T-shirts and have them tailor-made for each customer. It's completely green, using environmentally friendly biodegradable packaging
Dubai's thejamjar is launching its Young Artist Programme – a 10-week fine art course for children ages 9 to 12. It aims to provide an understanding of contemporary art practices and an insight into how to begin a career as an artist. It begins September 17; applications close Sunday
The pop culture site Cosmic Book News reported this week that Bryan Cranston will play Lex Luthor in the sequel to Man of Steel. The film's director Zack Snyder told Yahoo! Movies UK that his Luthor will be a 'combination of, you know, Richard Branson and Brad Pitt I guess
Asked for her 'beauty secret', the actress Anna Friel told the UK's Daily Express: 'A sink full of ice. As horrible as it is when you first get out of bed, splash cold water on your face every morning and keep splashing for a minute. All the old movie stars used to do it'
BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
Explained
Company%20Profile
The%20specs
How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
Hot%20Seat
COMPANY%20PROFILE%20
Company%20Profile
The Written World: How Literature Shaped History
Martin Puchner
Granta
Blackpink World Tour [Born Pink] In Cinemas
Starring: Rose, Jisoo, Jennie, Lisa
Directors: Min Geun, Oh Yoon-Dong
Rating: 3/5
COMPANY%20PROFILE
The%20specs%20
Recipes to try
COMPANY%20PROFILE
Greatest of All Time
THREE
Company%20profile
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
Sly%20Cooper%20and%20the%20Thievius%20Raccoonus
Company%20profile
More coverage from the Future Forum
• Remittance charges will be tackled by blockchain
• UAE's monumental and risky Mars Mission to inspire future generations, says minister
• Could the UAE drive India's economy?
• News has a bright future and the UAE is at the heart of it
• Architecture is over - here's cybertecture
• The National announces Future of News journalism competition
• Round up: Experts share their visions of the world to come