Business

Tesla CEO Elon Musk says the US electric carmaker is exploring opportunities for establishing a presence in Russia and opening production lines in the country.

The GOP isn’t waiting for Democrats to get to work, they are stepping up and proposing solutions to the nation’s biggest problem: the budget crisis. House Republicans recently revealed their answer to Joe Biden’s massive 2022 budget proposal.

Target Corp (TGT.N) on Wednesday posted quarterly sales that surged about 23%, raising hopes of booming demand through the year as consumers flock to stores and shop for more than just essentials.

The total value of all shares publicly disclosed to have been transferred to Melinda Gates now exceeds $3 billion, a report said.

House Republicans are expected to reveal their answer to Joe Biden’s massive 2022 budget proposal. Those representatives are confident their proposal, set to be announced Wednesday, will balance the federal budget in five years and cut taxes by nearly $2 trillion.

Fund managers are increasingly making a “late cyclical” push, according to a closely watched monthly survey released on Tuesday.

American company Metro-Goldwyn-Mayer Studios, abbreviated as MGM, is one of the world's oldest movie studios, with a history spanning about a century. It is behind, among many other iconic films, the Rocky and Creed franchises, along with the James Bond franchise.

The median price of an existing, single-family detached home in the Los Angeles area rose to $725,000 in April, an increase of $45,000 from a month ago, mirroring a spike across California that brought the state’s median price above the $800,000 benchmark for the first time, a real estate group said May 17.

The gasoline shortage crisis on the US East Coast is slowly abating, according to industry data. The modest recovery comes as the country’s largest fuel pipeline was brought back to normal operations after a cyberattack.

The world’s most prominent cryptocurrency, bitcoin, has the potential to reach $100,000 in the current bull cycle despite the growing uncertainty and volatility, says Lyn Alden, the founder of Lyn Alden Investment Strategy.