On Monday, Elon Musk became the third person ever to amass a fortune worth $200 billion, according to Forbes, surpassing Amazon founder and rival space billionaire Jeff Bezos in the process. Reached for comment by Forbes, Musk took a celebratory crack at Bezos.
Following revelations that Federal Reserve officials made trades in financial assets while the Fed was taking extraordinary efforts to “stimulate” the economy, Federal Reserve Chairman Jerome Powell ordered a review of the Fed’s ethics rules.
The Delta variant is keeping more companies cautious about how to invest the mountains of cash they have at their disposal. That hesitancy has led, in part, to corporate spending on stock buybacks outpacing capital expenditures this year.
The science surrounding COVID has been hijacked for political purposes. People who recovered from the disease are pushed to get vaccinated, even though they...
Twitter disclosed a binding agreement to settle a class-action lawsuit, under which the social network will pay $809.5 million to resolve claims it provided misleading user-engagement info to investors.
Inflation continued to surge in August, but appeared to settle at nearly the fastest pace in almost 13 years as the economy continues to emerge from the pandemic, the feds said Tuesday.
Like many human tragedies, 9/11 was great news for defense contractors. Over the course of the past 20 years, they've brought in a stunning $7.35 trillion in revenue, according to a Defense News database. The overwhelming majority of that money came from the Pentagon.
Biden's withdrawal from Afghanistan left the county's $3 trillion in lithium reserves to China and its state-controlled equity firms like Hunter Biden's Bohai, which owns the world's largest lithium-ion battery maker.
