The Democratic Party is currently in a state of flux, with no clear leader emerging after the 2024 election losses. This has opened the door for progressive figures like Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez to step into the spotlight. Sanders, once seen as an outsider within his own party, is now a key figure in rallying grassroots suppo...
Tesla's stock has taken a nosedive. It's now lower than it was before the November elections. This drop wiped out a 91% gain that happened after President Trump's victory. Tesla, led by CEO Elon Musk, is now at the center of a broader market slide. The stock plunged about 8% to $241 by mid-morning. This is the lowest it's been since November 4th, the day before the ...
"Think about it. Elon Musk who is a known entrepreneur and always looking for more opportunities hit a snag. " "Elon Musk, recently appointed as the special government was having quite the time when Mess with government's spending data. " "He claimed to have been able to close certain government spending. " "The problem was the data he used were sensi...
When a big crisis like COVID-19 hits, it's fascinating to see how voters judge their governments. Classical ideas of responsibility get complicated because crises affect many areas and people can compare different performances. We ran an experiment across 16 countries with over 22, 000 people, asking them to make re-election decisions based on 178, 184 randomly assig...
New York Governor Kathy Hochul recently revealed her plan to reduce income taxes for many state residents, aiming to ease financial pressure. Her proposal, part of an affordability agenda, is set to be detailed in her upcoming State of the State address. The tax cut would benefit joint filers earning up to $323, 000 annually, covering about 77% of New York's taxpayer...
Bitcoin, the largest cryptocurrency, has been struggling to break the $100, 000 mark after a rapid post-election rise. The cryptocurrency surged over 40% since the U. S. election, driven partly by pro-crypto comments from President Donald Trump. Bitcoin hit a new high of over $99, 000 last week but has since dropped slightly, trading around $98, 243. 25 on Monday. I...
China's central bank, known as the People's Bank of China (PBOC), has decided to keep the medium-term loan rate frozen at 2. 0%. This comes at a time when the yuan, the country's currency, is feeling some heat. The PBOC handed out loans worth 900 billion yuan (that's about $124. 26 billion) to some financial institutions for a whole year. These loans are part of what...
Some of America's wealthiest business leaders invested heavily in Donald Trump's presidential campaign, with each expecting different rewards. Elon Musk, the richest man in the world, spent over $200 million to support Trump. Since Trump's win, Musk's net worth has skyrocketed. He used his social media platform, Twitter, to promote Trump, despite spreading misinforma...
In the 2024 U. S. election, crypto billionaires spent a staggering $245 million, making up nearly half of all corporate money. They targeted candidates who supported crypto and attacked those who didn't. This helped flip Senate seats and secure a record number of pro-crypto lawmakers. Ohio's Bernie Moreno, a former car salesman, benefited from this strategy. He defea...
In the days following the U. S. presidential election, Bitcoin has seen a significant surge. This is partly due to promises made by President-elect Donald Trump to support cryptocurrency. One major player in this space is MicroStrategy, which has been on a Bitcoin buying spree. In early November, MicroStrategy announced it had purchased around 27, 200 Bitcoins. This...