America’s billionaires hold a collective wealth of $5.7 trillion, with just three individuals accounting for $1 trillion of that total.
America’s billionaires are worth $5.7 trillion—and just three people represent $1 trillion of that wealth America has 1,135 billionaires and counting. According to a recent WSJ analysis of data from wealth-intelligence firm Altrata, if you put all their fortunes together, they represent a honey pot of $5.7 trillion—and half of that wealth is accumulated by […]
Tesla Suggests $29 Billion Package to Keep Elon Musk as CEO
Tesla proposes giving Elon Musk $29 billion so he stays CEO Tesla approved a restricted stock award of 96 million shares, worth about $29 billion, to “incentivize” the controversial billionaire to remain at the head of the company during a protracted legal battle over his original pay package. Last year, a Delaware court voided Musk’s […]
Trade Agreements Boost Wall Street Gains as Trump Intensifies Criticism of the Fed
Trade deals fuel Wall Street gains while Trump renews Fed attack Benzinga | Detroit Free Press Citgroup, Bank of America top profit forecasts on strong trading revenue Wall Street banks posted strong quarterly results as they benefited from volatile markets in the first three months of 2025. Citigroup and Bank of America topped estimates for […]
Elon Takes a Risk: Why Tesla’s Robotaxi Service Struggles to Scale and Validates Critics
‘Elon is gambling’ — How Tesla is proving doubters right on why its robotaxi service cannot scale The very day Elon Musk expanded the boundaries of his three-week-old autonomous ride hailing service in Austin, Joe Tegtmeyer’s Tesla tried to illegally run a railroad crossing just as a locomotive approached. “The robotaxi did not see that, […]
Elon Musk’s AI Company Secures $200M Pentagon Contract After Months of Reducing Federal Deals and Launches New Division for Government Contracts
Elon Musk spent months slashing federal contracts — Now his AI company is celebrating a $200M Pentagon contract and new unit to get government business Elon Musk’s xAI has signed an important new customer: the U.S. government. The two-year old AI company—most recently in the news when its chatbot praised Hitler—said in a blog post […]
Elon Musk: “I Want to Witness AI’s Impact on Humanity, Even if It’s Negative”
Elon Musk says even if AI ultimately proves bad for humanity he still wants to be there to see it Two weeks ago, Silicon Valley billionaire Peter Thiel struggled to answer whether he would prefer the human race to endure. Now it was Elon Musk’s turn to opine whether technology might remove the need for mankind’s existence. […]
The First Tesla Drives Itself Directly from Factory to Customer
The first Tesla just drove itself from its factory straight to the customer Tesla celebrated a historic first on Friday when a new Model Y left the factory in Austin and—without anyone in the vehicle—drove itself to a waiting customer a half-hour away. Already the second milestone this week after the commercial deployment of his robotaxi service, […]
Bill Ackman Offers Financial Support to Any NYC Mayoral Candidate Ready to Challenge Mamdani
Bill Ackman pledges to bankroll any NYC mayoral candidate willing to step forward that can defeat Mamdani Hedge-fund billionaire Bill Ackman plans to bankroll a New York City mayoral campaign, arguing that his affluent associates are poised to flood the election with money in an effort to defeat Democratic Socialist frontrunner Zohran Mamdani. Ackman said he […]
Elon Musk’s Political Blind Spots, Chapter 376
Elon Musk’s Political Naivete, Part 376 Last week, I unloaded a little bit on Elon Musk’s political ignorance, which has stood out as he has gotten into a big fight with Donald Trump and other Republicans over the budget bill. I thought I’d leave it at that, but I’ve now run across a quote from […]
Tesla Refutes Claims of Seeking Elon Musk’s Replacement
Tesla denies report that the EV maker is looking to replace Elon Musk Tesla CEO Elon Musk walks to board Air Force One with U.S. President Donald Trump (not pictured) as they depart for Philadelphia, Pennsylvania, from Morristown Municipal Airport in Morristown, New Jersey, U.S., March 22, 2025. Nathan Howard | Reuters Shares of Tesla were […]