Business + Money

Elon Musk and Gregg Abbot have been teasing the potential incorporation of Tesla from Delaware to Texas after Musk’s legal troubles in Tesla’s current home of Delaware. Elon Musk’s Texan Ties Elon Musk is strengthening his connections to Texas by potentially remodeling SpaceX and moving Tesla’s headquarters to Austin. Threat to Shift Incorporation Facing legal … Read more

“The Black Swan” author Nassim Taleb has stated that the U.S. economy is at the precipice of a “death spiral” over increasing debt and political mismanagement. A Dark Announcement At an event for investment management firm Universa Investments on Monday, economist and author Nassim Taleb issued an ominous warning, claiming that increasing U.S. debt will … Read more

Homeownership is becoming increasingly unaffordable for the average American, but new real estate analysis suggests that ethnic minority groups are hit hardest by housing unaffordability. Home Ownership Blues According to a new analysis from U.S. real estate brokerage Redfin, most potential homebuyers in the States feel like home ownership is now out of their reach. … Read more

In a bid to curb corporate excess and profiteering, Senator Bernie Sanders, joined by Senators Elizabeth Warren, Ed Markey, and Chris Van Hollen, along with Representatives Barbara Lee and Rashida Tlaib, unveiled the Tax Excessive CEO Pay Act. The Tax Excessive CEO Pay Act The legislation aims to confront corporate greed head-on by imposing tax … Read more

Television host Mike Rowe recently spoke out with criticism against American universities. Harvard Under Fire Harvard University has come under fire over the past few months due to scathing accusations of antisemitism, plagiarism, and a host of other transgressions. Claudine Gay, Harvard’s first Black president, resigned after a historically short six months—the shortest presidency in … Read more

Californian cities are experiencing higher gas prices than any other state in the country, driven by the State’s commitment to cleaner fuels. But this dedication comes at a cost, and consumers are paying the price. California’s Gas Price Challenge With an average gas price of $4.49, California surpasses the national average of $3.10. But what … Read more

The European Union has imposed a €1.84 billion ($2 billion) fine on Apple for practices that unfairly favored its music streaming service over competitors like Spotify. This pivotal action signifies a major step in the EU’s efforts to promote fair competition and protect consumer choice within the digital marketplace. Anti-Competitive Actions In a bold move … Read more

Making six figures used to mean you were solidly middle class in the U.S., but that is not really the case anymore in some of the priciest cities. A new study shows that in certain spots, you have got to be pulling in as much as $150,000 to get past the lower middle-class mark. It … Read more

Corporate landlords’ rent gouging is fueling a national outcry over housing affordability, pushing the need for decisive action against practices that drive up living costs. The battle for a fair and competitive housing market has sparked a spectrum of solutions and policies. Here’s the essence of the challenge and the search for solutions. Corporate Landlords … Read more

Ukraine seeks to use $300bn in frozen Russian assets for its reconstruction, facing costs near $500bn due to war damage. With only $5.5bn secured for 2024’s immediate needs, the ongoing conflict underlines the urgency of international support and asset confiscation for recovery. Frozen Assets Since the war in Ukraine started, Russian assets have been frozen … Read more