WASHINGTON (AP) — A bill to create a bipartisan commission that would tackle the nation’s soaring debt and make policy recommendations to Congress won approval Thursday from a House committee. House Republicans are making the bill a priority, and the chairman of the House Budget Committee said “everything’s on the table” regarding possible action to […]
It wasn’t too long ago when it seemed like a ridiculous concept for a business to be worth $1 trillion. Even now, it’s still a pretty elusive achievement. As of this writing, only five companies in the U.S. stock market have market caps greater than $1 trillion, and only seven more are over halfway there. […]
The Nasdaq-100 Technology Sector index was in roaring form last year as it gained nearly 54% thanks to a variety of tailwinds, including the growing adoption of artificial intelligence (AI), cooling inflation, and a resilient economy. And the good part is that the index could keep heading higher in 2024. Historical data collected by fintech […]
With its share price rising by 190% over the last year, CrowdStrike (NASDAQ: CRWD) may have investors feeling like they’ve already missed their opportunity to buy. However, with the cybersecurity juggernaut expected to grow sales by 39% over the next year, growth remains abundant — and there is no obvious sign of a significant slowdown […]
State-sanctioned slavery existed in what became the United States for 246 years. Ten of the nation’s first 12 presidents enslaved Black people, including one who engaged in slave trading from the Oval Office. Enslaved people — both in the North and the South — helped build our nation and were a foundation of the 18th […]
The global oil industry produces about 30 billion barrels per year. Current prices put its size at about $2 trillion in revenue. That’s double the size of the top 10 metals markets combined. The oil patch has made a lot of people rich. However, you don’t have to be a wildcat driller to strike it […]
NEW YORK (Reuters) – Global banks could boost their valuations by a combined $7 trillion in the next five years if they take major steps to promote growth and boost productivity, the Boston Consulting Group said in a report on Monday. Lenders could roughly double their current valuations if they pursue growth and improved price-to-book […]
Palantir Technologies‘ (NYSE: PLTR) stock began a bull market run in early 2023 following the release of its artificial intelligence platform (AIP). Even though the company had long relied on AI to deliver analytical insights, the release of AIP appears to have placed the stock on investors’ radar. Although it was already a large-cap stock, […]
(Bloomberg) — Right around the start of November, two words suddenly disappeared from the chatter in the bond market: debt supply. As bond prices surged across the developed world day after day, sending yields tumbling and handing investors some much-needed profits, the angst about soaring budget deficits melted away. Most Read from Bloomberg But for […]
In 2018, Apple became the first company worth $1 trillion based on its market capitalization. Since then, tech giants Microsoft, Amazon, Alphabet, and Nvidia have joined the exclusive club. Reaching the trillion-dollar club is a monumental achievement and testament to these companies’ incredible journey and global influence. Their market dominance also means they comprise a […]
Fool.com contributor Parkev Tatevosian highlights one artificial intelligence (AI) stock that could surpass the coveted $1 trillion market capitalization milestone. *Stock prices used were the afternoon prices of Dec. 31, 2023. The video was published on Jan. 2, 2024. Should you invest $1,000 in Meta Platforms right now? Before you buy stock in Meta Platforms, […]
$34 trillion? Unimpressive. Every time the gargantuan national debt trips a round number, there’s a flurry of attention before we get back to borrowing and spending more. The national debt recently hit $34 trillion for the first time ever, prompting concerned Americans to look at each other with arched eyebrows and say, really? But $34 […]