Alec Hogg: Cheating rampant in exams, “work”-from-home

Tesla founder Elon Musk is rapidly losing his "most admired" status among the crypto crowd. After admitting on last week's Saturday Night Live TV show the $100bn curiosity Dogecoin is "a hustle", Musk has now reversed a business decision that gave Bitcoin a major boost. Tesla has also admitted to profiting from the mania by selling some of the Bitcoin where it parked $1.5bn in excess cash. That trade boosted Tesla's most recent quarterly profit. You'll find the full story from our partners at the Wall Street Journal at the bottom of this mail..After a strong recent run, Xero shares took a 12% hit this morning after the release of the New Zealand-based accounting software company's results for the year to end March. Xero is held in the BizNews Share portfolio, and is among my favourite exponential companies. As a shareholder, I was happy with the progress the company reported with the exponential growth continuing, profits surging and balance sheet strong . Analysts, however, expected more. Click here for this morning's piece in the Sydney Morning Herald. ___STEADY_PAYWALL___.Share prices took another hit last night after news that US inflation hit 4.2% in April, the highest in almost 13 years. Share prices fell for the third straight day (above) on fears that the US Fed will raise interest rates to head off inflation. However, futures prices are rising this morning suggesting the losing streak may soon be over. Click here for the latest..Unintended consequences of Covid-19 evident in the US are sure to be similarly embedded in SA. It's not pretty. There's a cracking story in the WSJ today about rampant cheating in schools. And it's not just stay-at-home kids who're gaming the system. In a column today the Deputy Editor of WSJ's opinion pages provides strong evidence that many adults are resisting a return to the office because they have gotten used to goofing off at home; while the new CEO of WeWork says only "engaged" employees (a small fraction at most businesses) are keen to return to the office..NB FOR YOUR WALL STREET JOURNAL ACCESS….As a Premium subscriber you are entitled to full membership of wsj.com (normal price $29 a month). Be sure to action your access through the Premium link on the BizNews website. Because of The Wall Street Journal's credential requirements, be sure to create a password which has at least 8 characters and includes at least one letter and one number – NB it MAY NOT contain any special characters (ie #, !, @ etc). To maintain access to WSJ.com, you MUST enter our partner's website via BizNews Premium at least once a month. A final PS, if you had previously signed up for WSJ you'll need to clear the cookies from your device. Our help desk can assist – support@biznews.com.Catch the BizNews shows live (or later).Go to BizNewsradio.com for all the latest podcasts, including the recording of last night's BizNews Power Hour..On the site you'll also find a live stream which enables you catch our flagship programme as it happens at 5:30pm weeknights..Even more fun is watching our flagship show via the live studio-cam – simply hit the subscribe button on our YouTube channel – BizNews TV – and every evening we'll send you the link to the livestream. There's also a useful chat function in the livestream for posing questions during the show…..please use it.

Alec Hogg: Cheating rampant in exams, “work”-from-home

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