Why Elon Musk Now Fires Employees Every Day
Elon Musk is a ruthless savage when firing his employees. Last year Elon wielded his power as the new owner of Twitter axing 6000 employees including HR workers, marketers, and even a handful of high-ranking executives.
Jan 23, 2024 8:00 AM EST
Bernie Sanders Unleashes New Bill to Tackle 'Outrageous' CEO Pay
Democrats are proposing to increase taxes on businesses whose CEO salaries are at least 50 times higher than those of the average worker. They claim that this legislation is necessary to curb corporate greed.
The New Middle Class, and How Gen Z Fits in to it
Gen Z is out of line with the reality of what a middle class salary in the United States is, but they are on the right track about a larger issue.
Top Citi Strategist Foresees Healthy Economic Rebound
In order to restore sustainable growth and put inflation back to goal, the global economy does not require a "collapse," according to Steven Wieting, chief economist and investment strategist at Citi Global Wealth.
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Chips Power S&P 500 to Fresh Record, Chipmakers Surge on AI Optimism
The stock market experienced a surge to unprecedented levels on Friday, as investor optimism regarding anticipated interest rate cuts by the Federal Reserve and robust corporate profits fueled a rally on Wall Street.
Jan 22, 2024 9:39 AM EST
Oil Forecast Dips as Global Growth Falters
Monday saw a further decline in oil prices as geopolitical worries in the Middle East and the attack on a Russian fuel export facility over the weekend were countered by economic headwinds that put pressure on the forecast for global oil consumption.
Jan 22, 2024 7:00 AM EST
Will X Embrace Crypto? Dedicated Payments Account Fuels Rumors
Elon Musk's "everything app," X (previously Twitter), has stoked rumors in the cryptocurrency world regarding whether or not it will integrate cryptocurrencies by establishing a separate account for its planned payments function.
Jan 22, 2024 12:25 AM EST
Biden Administration Announces Additional $4.9 Billion in Student Loan Debt for 73,600 Borrowers
Biden administration announces a groundbreaking $4.9 billion discharge in student loan debt, bringing the total relief to an impressive $136.6 billion. Read more below
Jan 21, 2024 3:58 PM EST
Regional Banks Struggle with Profit Slump Despite Economic Rebound
Reminding us how difficult 2023 was, some of the most well-known midsized lenders in the country announced significant declines in profitability during the fourth quarter. The issue is that by 2024, not much improvement is anticipated.
Jan 19, 2024 11:10 AM EST
Bitcoin Hits Lowest Point Since January Approval of ETFs
Bitcoin has experienced a decline to its lowest price since the US Securities and Exchange Commission (SEC) approved nearly a dozen exchange-traded funds (ETFs) holding the cryptocurrency last week.
Jan 19, 2024 10:01 AM EST
Insights from Davos: US Business Figures Contemplate a Trump Win in 2024
Dinners and parties at Davos have been dominated by talk about Donald Trump, with many attendees of the World Economic Forum considering the former president's possible candidacy for president again following his overwhelming victory in the Iowa vote.
Jan 19, 2024 9:24 AM EST
Congress Votes to Extend Government Funding, Avoiding Shutdown
A short-term budget package that would keep federal agencies funded until March and prevent an impending partial government shutdown was delivered to President Joe Biden by Congress on Thursday.
Jan 19, 2024 7:10 AM EST
Silicon Surge Electrifies Wall Street: S&P 500 Inches Toward All-Time High on AI Hype
Thursday's dramatic increase in U.S. equities saw the S&P 500 close to all-time highs as advances in Nvidia and other chipmakers were fueled by confidence about artificial intelligence.
Jan 19, 2024 3:40 AM EST
Professor Deon Rossouw, BnEI Chairman: In His Take on Dealing Corruption
The Banknote Ethics Initiative (BnEI) is a collective action initiative that was established in 2013 with the purpose of promoting ethical business practices in the banknote industry. It is specifically focused on combatting corruption and anti-competitive conduct. Companies involved in any aspect of banknote production can voluntarily become members of BnEI by formally adopting the BnEI Code of Ethical Business Practices.
Jan 18, 2024 11:11 PM EST
How "Loud Budgeting" on TikTok is Tackling Financial Taboos
The beginning of a new year sometimes calls for implementing new routines or strategies to assist in achieving your financial objectives; for some social media users, this year is all about "loud budgeting."In early 2024, the word gained popularity on TikTok, where one video had received over 1.4 million views by of January 16.
Jan 18, 2024 9:34 AM EST
Biden Aims to End Debt Spiral with Drastic Overdraft Fee Cut
The Consumer Financial Protection Bureau and the Biden administration have collaborated to present a proposed regulation that would curb bank overdraft costs, perhaps bringing them down to $3.
Jan 18, 2024 6:20 AM EST
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