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The economic impact of tariffs and budget cuts by the Department of Government Efficiency (DOGE) is becoming increasingly evident Major corporations like Nike and Accenture, for example have recently reported significant challenges stemming from these policies. Nike has warned of a sharp decline in sales for the current quarter, attributing this to tariffs and weakened …
The purchase of Meme coins is often viewed as indicators of retail interest and the willingness to take risks in the cryptocurrency market. Increased activity in meme coins typically signals that retail investors are engaging and are inclined to speculate more aggressively on the risk spectrum. Trump initially proposed the concept of an efficiency commission …
Elon Musk has dramatically distanced himself from Donald Trump’s latest tax-and-spending bill, branding it a ‘disgusting abomination’ in a fiery post on X. The Tesla and SpaceX CEO, once a key financial backer of Trump’s 2024 campaign, has now turned against the administration’s ‘One Big Beautiful Bill’, warning that it will explode the federal deficit …
Continue reading “Well – that didn’t last long – is the ‘love in’ over already?”
Tesla has been making headlines with a series of major developments, from financial setbacks to strategic shifts by CEO Elon Musk. The electric vehicle giant recently reported a 20% drop in automotive revenue, a significant decline that has raised concerns among investors. Meanwhile, Musk has announced that he will be spending much less time on …
Continue reading “Tesla and Musk struggle against Trump’s Tariff Tidalwave”
The Elon Musk-led Department of Government Efficiency claims to be streamlining the federal government’s spending But it has so far sown confusion, with the Trump administration attempting to rehire employees it had previously fired. DOGE presents a distorted reflection of the current state of the U.S. economy. U.S. President Trump has implemented a series of …
Elon Musk is the world’s richest person and the leader of Tesla, SpaceX, X, The Boring Company, x.AI, and Neuralink. He is also the co-founder of PayPal and Zip2 and now the co-leader of DOGE – of U.S. Department of Government Efficiency and also recently led a group of investors in a bid to acquire …
As we head into 2025, the landscape of artificial intelligence (AI) regulation is poised to undergo significant changes, and these shifts are likely to have a profound impact on the stock markets. The introduction of new regulations, particularly in regions like the European Union and the United States, will create both challenges and opportunities for …
Continue reading “How is AI regulation likely to affect stock markets in 2025?”
Tesla shares soared to an all-time high on Wednesday exceeding their previous record set in 2021, driven by a post-election rally and heightened enthusiasm Wall Street for Elon Musk’s electric vehicle company. The stock increased to an intraday high of $415, exceeding its previous peak by 50 cents and closed above its highest finish of …
Continue reading “Tesla shares climb to record high – boosted by Trump election victory”
In a significant turn of events, the 2024 U.S. elections have ushered in what many are calling the most pro-crypto Congress in history. The significant shift in political dynamics is largely due to the substantial financial support from the cryptocurrency industry, which has strategically funded political campaigns to foster a legislative environment favourable to digital …
Continue reading “Has BIG tech just bought the most pro-crypto U.S. Congress ever?”
Bitcoin reaches a new record high, nearing the $100,000 mark as the cryptocurrency rally marches on. Other altcoins are rallying too, basking in the aftermath of the SEC resignation news. Gary Gensler, Chair of the Securities and Exchange Commission, will step down on 20th January 2025 (Trumps inauguration day), an announcement made by the SEC …
Tesla shares enjoyed a Trump pump on Monday 18th November 2024 after reports that President-elect Donald Trump’s team intend to prioritise a federal framework for regulating autonomous vehicles within the U.S. Department of Transportation. Elon Musk was a prominent advocate in the business sector for Trump’s re-election campaign leading up to this month’s elections. Recently, …
Continue reading “Trump rumour to relax U.S. vehicle self-driving rules pushes Tesla stock higher”
Bitcoin, which could benefit from relaxed regulation, soared to an all-time high and topped $76,000. Bitcoin rallied Wednesday 6th November 2024, hitting all-time highs as former President Donald Trump defeated Vice President Kamala Harris to win the election an become the 47th U.S. president. The price of Bitcoin touched a fresh record of $76,493.86. Bitcoin one-month chart as …
Continue reading “Bitcoin and altcoins rocket to new highs hot on the heels of Trump win!”
Elon Musk, the billionaire entrepreneur and CEO of Tesla and SpaceX, has recently made headlines in the U.S. with his stark predictions about the potential economic fallout if Donald Trump wins the upcoming presidential election. This is unusual, as you are more likely to hear these proposals in a crisis, when desperate times demand desperate …
Bitcoin extended its slide on Tuesday 19th March 2024, dropping more than $10,000 from its all-time high last week. The cryptocurrency went below $63000. Last week it climbed to a record $73679. The move helped drag other cryptocurrencies lower. Ether lost more than 5% and was recently trading at $3,287.58 after topping $4,000 last week for – a drop some analysts …
For true cryptocurrency bulls, the most lucrative investments in 2023 were in the stock market. While Bitcoin rallied over 150% for the year, shares of Coinbase, Marathon Digital, MicroStrategy and the Grayscale Bitcoin Trust, which are all tied closely to the digital currency, did substantially better, rising more than 300% in value. Bitcoin miner Marathon Digital soared some 688%. Outperform Not only have …