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Elon Musk blames Tesla’s $600 billion plunge in market value this year on the Fed – as rising interest rates erode the appeal of stocks

Elon Musk has accused the enormous drop in Tesla stock this year on the Central bank, contending the US national bank’s loan cost climbs have made the financial exchange less interesting to financial backers. Key Highlights: Elon Musk has faulted the Central bank for the sharp decrease in Tesla stock this year. According to the […]

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Donald Trump’s NFT superhero trading cards timed the market all wrong

At the worst possible time, Donald Trump entered the NFT community. The ex-president’s hyped-up “major announcement” turned out to be a set of digital trading cards for $99 each, drawing widespread ridicule from late-night hosts and even Trump supporters like Steve Bannon and Michael Flynn. But the worst news for Trump is that the NFT […]

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US recession a growing fear as Fed plans to keep rates high

Since summer, inflation in the United States has been gradually decreasing after reaching 40-year highs. Since summer, inflation in the United States has been gradually decreasing after reaching 40-year highs. However the Central bank appears to be positively unamused — and unconvinced that its battle against speeding up costs is remotely close finished. Stock markets […]

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Bonds give recession signals – Amazon, Apple, Meta among companies raising cash while laying off workers

In the face of persistent inflation and sluggish economic growth, high-quality businesses are returning to the bond market to increase their cash reserves. As a result, investors can take advantage of higher yields on the safest bonds as interest rates rise. This month, Berkshire Hathaway, owned by Warren Buffett, launched a bond offering totaling 115 […]

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Elon Musk reinstates Twitter accounts of suspended journalists

Musk adheres to the Twitter poll result that favored restoring the accounts of reporters he accused of “doxxing” him on a wild day of bans, abrupt reversals, and jumbled messaging. In the midst of yet another chaotic 24 hours on the social media platform, Elon Musk has reinstated the Twitter accounts of journalists who were […]

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Elon Musk clashes with ‘Twitter Files’ journo Bari Weiss after she criticizes journalist suspensions

Weiss was worried that Musk’s brand-new “regime” on Twitter was “governed by its own whims and biases.” After independent journalist Bari Weiss asserted that the billionaire might be abusing his position as a Twitter owner, the two parted ways. After journalists from CNN, The New York Times, and other outlets were temporarily barred from accessing […]

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Accounting firm that issued proof of reserves report for Binance halts service to all crypto clients

Following billions of dollars being withdrawn this week, Mazars has removed the Binance report from its website. The accounting firm Mazars, which provided Binance, the largest cryptocurrency exchange, with a proof of reserves report last week, has removed the report from its website and no longer provides the service to its crypto clients. On December […]

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Stocks sink after more bad news on the US economy – Wall Street loses ground, marking 2nd straight weekly loss

On Friday, the U.S. stock market suffered its second consecutive weekly loss, causing stocks to fall. The S&P 500 was down 1.1% at the close, the Dow was down 0.9%, and the Nasdaq was down 1%. S&P Global’s preliminary readings on economic activity in the United States this month, which showed a further deterioration in […]

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Olive Garden parent company Darden beats estimates, raises outlook

Darden Cafés on Friday detailed quarterly income and income that beat Money Road’s assumptions, as shoppers kept on eating out notwithstanding strain from expansion. Additionally, the company increased the range of its earnings forecast for fiscal 2023 from $10.2 billion to $10.4 billion to $10.3 billion to $10.45 billion. In the midst of losses across […]

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Starbucks workers at 100 stores begin three-day strike in campaign to unionize

More than 1,000 baristas at store locations across the country are participating in a three-day walkout, according to Starbucks Workers United, the organization organizing the coffee chain’s unionization efforts. The group dubbed the strike “the longest collective action of our campaign yet” on Friday. The workers at Starbucks are striking once more. According to union […]

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