There is a buzz around Elon Musk's potential departure from his role in the Trump administration. This news has sparked a mix of reactions, especially among Tesla investors. The stock market has been volatile, with Tesla shares seeing a 5% increase following the report. However, this uptick comes af
The global economy is currently in a state of upheaval, largely due to the trade disputes initiated by the US. The president has been using tariffs, which are essentially taxes on imported goods, as a tool to address what he perceives as unfair trading practices by other countries. The primary goal
The stock market took a hit, with tech giants leading the way down. Tesla and Nvidia were among the top losers, despite Tesla's recent boost from new auto tariffs. The Nasdaq, S&P 500, and Dow Jones all fell. Amazon and Google's parent company, Alphabet, also saw significant drops. The economic
The "Tesla Takedown" movement is a grassroots effort aiming to drive Tesla's stock price down to force a margin call on Elon Musk's debt. This movement, however, is facing significant hurdles. Musk has cleverly restructured his finances to avoid any margin call risks. This makes the protesters' goal
The number of billionaires worldwide has hit an all-time high, according to a recent report. This year, a record 3, 028 individuals have made the list of the world's wealthiest people. They collectively possess a staggering $16. 1 trillion. This is a significant increase from last year, with an addi
The mortgage industry is buzzing with news of a major merger. Rocket, a leading mortgage company, is set to acquire Mr. Cooper, a significant competitor, in a deal worth $9. 4 billion. This move comes hot on the heels of Rocket's recent acquisition of Redfin, a real estate listing company. The merg
The US economy is facing a tough time. The chances of a recession have gone up because of rising tariffs. This is not good news for anyone. A big bank, Goldman Sachs, thinks there is now a 35% chance of a recession in the next year. This is a big jump from the 20% chance they thought a few months ag
The stock market is currently experiencing a rough patch. The main culprit? A series of tariffs set to take effect soon. These tariffs have investors on edge, leading to a shaky start for the year. The S&P 500 index has taken a hit, down almost 6% so far this year. This is the worst start since 2020
The world's stock markets took a hit on a Monday, as investors prepared for a bumpy week ahead. The reason? More tariffs were expected from the U. S. president, targeting major trading partners. The S&P 500 dropped by more than 1% at the opening bell, adding to its recent losses. This decline has p
Health savings accounts (HSAs) and flexible spending accounts (FSAs) are not just for medical expenses anymore. These accounts, which allow people to set aside money for qualified medical expenses, have evolved. Some folks are now using them to pay for preventive health services and wellness product
