Elon Musk criticized DEI; now Tesla is ditching that language
The president and founder of Nicholas Wealth Management reveals which Big Tech stocks will explode at Barney & Company. After declaring last year that the Diversity, Equity, and Inclusion (DEI) program should be “decommissioned,” Tesla CEO Elon Musk apparently did his part to eliminate the DEI program. seems to be playing a role. In Tesla’s […]
Meta’s new dividend adds $200 billion in value, Zuckerberg nets $29 billion in one day
Shares in Facebook’s parent company Meta soared after the company announced its first-ever cash dividend following its biggest quarterly growth in more than two years. The company’s market value rose more than $200 billion on Friday, putting it on pace for the fastest single-day increase in market value for a U.S. company, according to tracked […]
Here’s Another Way The Biden Admin Is Routing EV Charger Subsidies Into America’s Wealthiest Neighborhoods
Some of the most affluent “non-urban” areas in the U.S. are eligible for electric vehicle (EV) charger subsidies from President Joe Biden’s signature climate bill. Made possible by the Inflation Reduction Act (IRA), the administration’s EV charger tax credit program is specifically designed to route subsidies that cover up to 30% of the costs of chargers […]
Job Growth Exceeds Expectations Despite Mass Layoffs
The U.S. added 353,000 nonfarm payroll jobs in January as the unemployment rate remained at 3.7%, according to Bureau of Labor Statistics (BLS) data released Friday. Economists anticipated that the country would add 180,000 jobs in January compared to the 216,000 that were added in December and that the unemployment rate would tick up to 3.8% […]
One Missing Line From The Fed’s Big Statement Could Spell Trouble For The Economy
The Federal Reserve excluded one key line from its Wednesday interest rate decision announcement, indicating possible trouble in the ailing banking sector that could spread to the wider economy. The Federal Open Market Committee released a statement at the conclusion of its January meeting regarding the health of the economy, as well as a decision […]
New York Community Bank shares slide in fallout from regional bank crisis
QI Research CEO and Chief Strategist Daniel DiMartino Booth discusses concerns about the stability of local banks when it comes to “making money.” New York Community Bank stock price slide The stock continued to rise on Thursday as it faced a possible downgrade from Moody’s after posting an unexpected loss and announcing a dividend cut. […]
Amazon Appears To Be Selling Swastika Fidget Spinners … They’ve Got A 5-Star Rating
Amazon is apparently selling fidget spinners for kids that can be shaped as swastikas and appear to be showed in that position in a product image online. The swastika-shaped 5-star-rated toy is marketed toward teachers, is Valentine’s Day themed and is geared toward accommodating a flurry of party favors fit for elementary classrooms for a […]
Okta says it will slash 400 jobs
The ‘Making Money’ host reacts to the cautious market ahead of the release of the December jobs report. Okta will cut 7% of its workforce as part of its restructuring. The layoffs announced Thursday will result in approximately 400 Okta employees losing their jobs, according to a filing with the Securities and Exchange Commission. In […]
Redfin Quietly Told Prospective Home Buyers To Get Into Horrific Debt By Making It Sound Like A Good Thing
A news release from real estate company Redfin said Monday that prospective homebuyers have way more purchasing power in 2024, even though that’s utter garbage. “Buyers can afford a more expensive home now that mortgage rates have dropped to 6.7%, down from nearly 8% in October. Redfin economists don’t expect rates to rise or decline […]
Wealthy Homeowners Are Building Million-Dollar Closets The Size Of Studio Apartments
An article published Tuesday in The Wall Street Journal detailed how financially illiterate wealthy people are spending extreme amounts of money on their home closets. And it’ll make you want to throw up. Someone called Kimmie Turiansky, 49, spent $120,000 on a 470-square-foot closet inside her Bedminster, New Jersey, home because “it didn’t feel like […]