The investment landscape can resemble a tumultuous amusement park ride, and few stocks have encapsulated this unpredictability quite like Tesla. While many investors were sharply rattled by the electric vehicle manufacturer’s staggering 15% drop this week—the largest single-day decline since 2020—Ron Baron, a billionaire investor with enduring faith in the brand, remains steadfast. For Baron,
admin
Volkswagen, a titan of the automotive industry, has recently reported a staggering 15% decline in annual operating profit for 2024. While a revenue uptick to €324.7 billion does demonstrate some resilience, the fact that operating profit is in free fall brings to light serious issues that the company must confront. It’s important to note that
The Social Security Administration (SSA) has announced a jarring shift in its repayment policy regarding overpayments to beneficiaries: a full 100% default withholding from monthly checks. This decision, echoing pre-2020 policies, represents a significant regression in a system already fraught with complications for the most vulnerable Americans. By reversing a more compassionate 10% withholding rate
The recent surge in Hong Kong’s stock market presents a striking narrative of investment dynamics and economic optimism from mainland China. With a record-breaking influx of net mainland buying reaching an astonishing 29.62 billion Hong Kong dollars ($3.81 billion), it signals that investors are not merely dabbling but are wholeheartedly confident in the future prospects
This past Monday, Oracle Corporation presented its quarterly earnings report, revealing a mix of results that many analysts didn’t expect. While the company posted an increase in net income, the details behind the numbers raise more questions than answers. Oracle reported an adjusted earnings per share (EPS) of $1.47, which, though a rise from last
In an unprecedented move, President Donald Trump has moved to marginalize a vital lifeline for countless public servants with an executive order aimed at restricting eligibility for the Public Service Loan Forgiveness (PSLF) program. Initially established by George W. Bush in 2007, PSLF has been a beacon of hope for not-for-profit and government employees seeking
Since stepping onto the national stage, former President Donald Trump has touted tariffs as the magic bullet for job creation, claiming they would “create jobs like we have never seen before.” However, the harsh reality contradicts his assertions. Economists have sounded the alarm, labeling these trade policies as a “lose-lose” scenario that threatens rather than
In an astonishing turn of events, Shawn Fain, the head of the United Auto Workers (UAW), has aligned himself with President Donald Trump amidst the controversial realm of North American tariffs. Historically, labor unions have taken a strong stance against administrations that threaten American jobs, yet Fain’s tacit endorsement of Trump’s 25% tariffs on automotive
As of January, the staggering figure of $5 trillion in outstanding consumer debt looms ominously over the American financial landscape, as reported by the Federal Reserve’s G.19 consumer credit report. While a slight uptick occurred from the previous month, there exists a subtle silver lining: a marginal drop of 0.6% from the year before. What
The ongoing battle between American financial institutions and the Consumer Financial Protection Bureau (CFPB) has taken a dramatic turn. For years, banks have portrayed the CFPB as an overreaching watchdog, unfairly targeting them with regulations following the 2008 financial crisis. However, in the face of a severely weakened CFPB under the Trump administration—with stop-work orders