Tesla and SpaceX CEO Elon Musk made an appearance at a Donald Trump rally at Madison Square Garden, promising to save American taxpayers trillions of dollars under his hypothetical second administration. Despite previously proclaiming his political neutrality, Musk has leaned towards Trump in recent months, publicly endorsing him after the …
Read More »US national debt hits $30 trillion
The United States’ national debt exceeded $30 trillion for the first time on Tuesday, spurred on by high borrowing during the Covid-19 pandemic, according to data from the US Treasury Department. Japan and China remain the top foreign creditors, holding $1.3 trillion and $1.08 trillion in US Treasuries respectively, and …
Read More »This sector of the economy raised a record half trillion dollars in 2021
More than 2,000 IPOs, not including special purpose acquisition companies (SPACs), raised $402 billion in 2021 globally, data from Refinitiv shows. This represents growth of 81% in proceeds and a 51% increase in the total number of IPOs from the year before. SPACs, or shell companies listed on a stock …
Read More »Energy majors face $3.3-trillion ‘green’ nightmare
Despite the fact that this year’s oil prices are now nearly double compared to the 2020 average, the energy industry faces additional impairments in the coming years and decades, this time due to the investor pressure to slash emissions and start accounting for changes to energy demand in the transition …
Read More »House Democrats, joined by 13 Republicans, pass $1 trillion infrastructure bill
The bill passed the House 228-206, with 13 Republicans siding with 215 Democrats in voting “yes”. Six progressive Democrats – Reps. Alexandria Ocasio-Cortez, Ilhan Omar, Cori Bush, Jamaal Bowman, Ayanna Pressley, and Rashida Tlaib – opposed the legislation. Biden was reportedly actively involved in drumming up votes for the bill. …
Read More »‘She was my friend’: Baldwin breaks silence on ‘one-in-a-trillion’ set shooting, says movie had ‘well-oiled crew’
“There are incidental accidents on film sets from time to time, but nothing like this. This is a one in a trillion episode,” Baldwin told gathered press on Saturday. Hutchins died earlier this month after Baldwin fired a live round from a weapon while filming the movie ‘Rust’ in New …
Read More »Tesla’s $1 trillion market cap valuation is not just a bubble, it is a market mania of biblical proportions
Tesla is all about its CEO, Elon Musk. Musk is an epic showman and a slick salesman who can sell anything to anyone. Tesla, with its questionable profitability, still has a market capitalization that exceeds $1 trillion. In fact, Holon Global Investment’s Whitney Tilson predicts Tesla’s market capitalization is headed …
Read More »Tesla’s market value breaches $1 TRILLION for first time, after rental car giant Hertz orders 100,000 EVs
The shares rose by as much as 15%, changing hands at $1,045 in Nasdaq trading on Monday. The latest surge came on the first day of regular trading after Tesla’s stock closed above $900 for just the second time. With about 1.083 billion shares outstanding, the company’s market cap was …
Read More »India to become $10 TRILLION economy by 2030 – minister
Other growth factors include increased economic activity, the country’s rise in the global manufacturing index, the achievement of renewable energy targets, the highest-ever foreign exchange reserves, and transformational initiatives. While speaking at the Public Affairs of India (PAFI)’s 8th National Forum by video conference, Puri said, “I am confident that …
Read More »US hits second largest deficit ever at $2.77 trillion after 2 years of pandemic spending
The fiscal year’s $2.77 trillion deficit may be the second largest on record, but the Treasury Department claimed the decline from year to year as a sign of the economy recovering. “Under President Biden’s leadership, the U.S. economy is getting back on track and Americans are getting back to work,” …
Read More »