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 […]
US Stock Futures Show Mixed Trends as Earnings Reports Continue
US stock futures mixed amid more earnings reports US-Japan reach trade deal, setting tariff rate at 15% President Donald Trump said Japan will pay a tariff rate of 15%, which is lower than his initial threat of a 24% tariff. U.S stock futures are mixed amid more earnings reports, including from two of the so-called […]
U.S. Stock Futures Climb as Investors Anticipate Earnings Reports and Tariff Updates
US stock futures rise as investors eye more earnings and tariff news Trump to slap 30% tariffs on Mexico, EU beginning Aug. 1 President Donald Trump posted letters to the leaders of Mexico and the European Union, saying they had not done enough to head off the new tariffs. U.S. stock futures rise as investors […]
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: “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, […]
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 […]
US Stock Futures Rise Following Trump’s Announcement to Delay EU Tariffs
US stock futures higher after Trump said he will delay EU tariffs President Trump threatens Apple and EU with tariffs President Donald Trump reignited trade tensions with back-to-back social media posts targeting the European Union and Apple. U.S. stock futures are higher after President Donald Trump said over the weekend he would delay 50% tariffs […]