Investors have long had a love affair with U.S. tech stocks from the boom cycle of the late ‘90s and early 2000s that famously ended with the dotcom crash, to the AI-induced heights of Nvidia’s current stock rally. Love affairs, though, often end badly, and this one could leave investors nursing both an aching wallet […]
As China grapples with the fallout from a $7 trillion stock decline, officials are gearing up to brief President Xi Jinping on measures to stabilize the market. This move signifies Beijing’s urgency to restore investor confidence and halt the market’s slide, which has erased a significant value from Hong Kong and China equities since their […]
Apple (NASDAQ: AAPL) remains a top technology stock at Wedbush Securities despite worrisome results in its China business. Analyst Dan Ives dismissed those concerns as noise and recently said Apple will become the first $4 trillion company by the end of 2024. That prediction implies 40% upside from its current market capitalization of $2.85 trillion. […]
EXCLUSIVE: House Judiciary Chair Jim Jordan, R-Ohio, cheered the news that multiple major U.S. banks and financial institutions are leaving a $68 trillion climate alliance founded at the United Nations. In a series of unexpected announcements on Thursday, JPMorgan Chase, the world’s largest bank, and State Street Global Advisors, an institutional investor with $3.5 trillion […]
(Bloomberg) — Eli Lilly & Co.’s relentless stock records have Morgan Stanley analysts musing whether it will become the first US company outside of the Magnificent Seven to reach a market value of $1 trillion. Most Read from Bloomberg The analysts lifted their price target on the weight-loss drugmaker to the highest on Wall Street […]
Claim: In February 2024, AOC tweeted: “We should just print the 34 trillion dollars and pay off our national debt.” Rating: Rating: Labeled Satire On Feb. 14, 2024, a post attributed to U.S. Rep. Alexandria Ocasio-Cortez – better known as AOC – on X (formerly Twitter) went viral in which she appeared to say: “We […]
Most everyone understands the U.S. national debt is not on a long-term sustainable path, but no one seems sure when the breaking point might be for real-world consequences. In a recent “60 Minutes” interview, Federal Reserve Chairman Jerome Powell brought up the elephant in the room, stressing that it’s now “time, or past time, to […]
The American economy has a rich history of creating the world’s most valuable companies over the past century even though its leading industries are constantly changing: United States Steel became the world’s first $1 billion company in 1901. General Motors rode the automotive boom to become the world’s first $50 billion company in 1955. The […]
Elon Musk, the world’s second-wealthiest entrepreneur, has finally added his two cents to the divisive debate around U.S. national debt. Uncle Sam is drowning in a $34 trillion debt owed to creditors worldwide, surpassing the annual output of the entire U.S. economy by over 20%. In the past, this might only have attracted the attention […]
With the United States’ national debt closing in on $34.2 trillion, some of the biggest figures in the world of finance have been speaking out. But few expected Federal Reserve Chairman Jerome Powell to address the issue—at least until this weekend, when Powell spoke out about the debt on CBS’s 60 Minutes Sunday. “In the […]
It wasn’t long ago that investors were wondering if a publicly traded U.S.-based company would ever reach the $1 trillion threshold. But in early August 2018, Apple hit that coveted mark. Not long after that, the market saw a correction. The market sold off heavily in late 2018 over tensions with the U.S.-China trade war […]
(Bloomberg) — China should set up a stocks stabilization fund as soon as possible to boost market confidence, with an aim to get its size to 10 trillion yuan ($1.4 trillion) or more, according to an academic at a government think tank. Most Read from Bloomberg The size of the fund should be around $300 […]