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Elon Musk Warns US Faces 'De Facto' Bankruptcy If $37 Trillion Debt Not Tackled, Peter Schiff Says, 'We Are Already Bankrupt'
Wednesday, June 18, 2025 - 12:04am | 598Read More...Billionaire entrepreneur Elon Musk is once again raising concerns regarding the U.S. fiscal outlook, warning of dire consequences as interest on Federal debt balloons to unsustainable levels. What Happened: On Tuesday, in a post on X, Musk warned that the United States was teetering on the edge of...
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America's Fiscal Time Bomb: Deficit Spending Hits Crisis Levels Despite No Economic Downturn Say Market Commentators
Monday, May 26, 2025 - 11:15pm | 615Read More...Market observers are raising fresh concerns regarding the fiscal health of the United States, with the country’s deficit spending already mirroring those seen during previous recessions. What Happened: Popular market newsletter, The Kobeissi Letter, shared a post on its X account on Monday,...
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Tesla Likely To Be A Big Macro Driver Of Markets In 2021, Says Deutsche Bank Analyst
Wednesday, December 16, 2020 - 7:28am | 394Read More...Tesla Inc (NASDAQ: TSLA) and its CEO Elon Musk may influence the fate of the markets in 2021, Deutsche Bank strategist Jim Reid said in a note Tuesday, as reported by MarketWatch. What Happened: The analyst called Tesla “the most remarkable market story” of a “remarkable...
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Trump Tweets Up A Storm About China As Tariffs Jump To 25%
Friday, May 10, 2019 - 9:59am | 571Read More...The SPDR S&P 500 ETF Trust (NYSE: SPY) is down more than 3 percent in the week since President Donald Trump said the U.S. would more than double tariffs on $200 billion in Chinese imports from 10 percent to 25 percent. That tariff hike went into effect at midnight Friday, and Trump has...
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US Stock Futures Move Up As Trader Focus Shifts To Earnings
Thursday, April 29, 2010 - 9:04am | 287Read More...US stock futures moved marginally up today as investors turn their focus on earnings and Hewlett-Packard’s (NYSE: HPQ) takeover deal with Palm (NASDAQ: PALM). While futures on the S&P 500 gained 5.7 points to 1195.80, those on the Nasdaq 100 added 9 points to 2015.75. Meanwhile, Dow Jones...
