Elon Musk’s Fortune Rises $16 Billion
Elon Musk’s net worth has risen $16 billion this year to $449 billion, according to the Bloomberg Billionaire Index. That is miles ahead of Jeff Bezos, founder of Amazon.com Inc. (NASDAQ: AMZN | AMZN…
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Douglas A. McIntyre
Starbucks to Fire People
In a letter with ominous undertones, Starbucks Corp. (NASDAQ: SBUX | SBUX Price Prediction) CEO Brian Niccol wrote, “Our size and structure can slow us down, with too many layers, managers of small teams…
When Mortgages Rate Jump to 7%, Who Can Afford a House?
Mortgage rates rose to over 7% on a 30-year fixed loan. Many potential first-time homeowners believe they cannot afford to purchase a home.
Apple Shares Crippled by AI Flaws and China Trouble
Apple has two significant problems: weak iPhone sales in China and flawed AI. Until each issue improves, the stock may be stuck in reverse.
Mark Zuckerberg’s Net Worth Rises $10 Billion
Mark Zuckerberg's net worth has increased by $10 billion so far this year. This increase is due to his ownership of Meta Platforms stock.
If You’re Rich, You May Not Get Social Security
The Social Security Administration says it may run out of money. The options to avoid this include reducing the benefits paid to affluent Americans.
Elon Musk’s Net Worth Drops $5 Billion on Tesla Trouble
Elon Musk’s net worth is more than $5 billion lower this year, mostly due to trouble at Tesla. But it is still much higher than anyone else in the world.
The Best City for Selling a House Right Now
A recent analysis reveals that Milwaukee is now the best city in America in which to sell a house. A low supply of homes for sale nationwide is driving the strong U.S. housing market.
Starbucks to Kick Out People Who Aren’t Customers
Starbucks is rolling out a new customer code of conduct in North America. But the plan does not address the company's largest problem.
Can Apple Stop Its Falling iPhone Sales?
A recent analysis reveals that iPhone sales are losing ground while the industry is growing worldwide. Success in China is particularly important to Apple's future.
Faltering Macy’s to Close 66 Stores, With New York, Florida and California Hit Hard
More than 60 underperforming Macy's stores are on the chopping block. California, Florida, and New York will see the most store closures.
The S&P 500 Dropped 19% in 2022. Could It Happen Again?
Several things on the horizon could knock the S&P 500 down this year. These include weak earnings from big tech companies and a surge of inflation triggered by stiff tariffs.
Apple’s Stock Too Expensive on Sell-Off Threat
Apple Inc. (NASDAQ: AAPL | AAPL Price Prediction) is the world’s most valuable company based on its market cap. Based on trouble in China alone, its stock is way too expensive. Apple is worth…
Social Security Falling Apart, as Plans to Fix It Expand
Social Security will not be able to pay all its obligations by 2035, according to its own estimates. While a drop in payments will affect everyone in the program, those paid by it in…
Watch Out for 70% Egg Price Inflation as Price Surges Could Bite
The price of a dozen large white eggs was $2.14 last year. The figure has risen to $3.65 in November, according to the Bureau of Labor Statistics. The increase is 70%. The reason is…
For Some Americans, AI Is Coming to Take Your Job, and You Can’t Stop It
Artificial intelligence has become a threat to jobs across many industries. Millions of Americans will lose their jobs to automation in the next decade.
Elon Musk’s Net Worth Just Dropped by $6 Billion
Elon Musk's net worth has been slipping so far this year. That is largely due to Tesla's shrinking market cap as EV demand weakens.
Rich Residents of Burning Palisades Make Over $350,000
The Pacific Palisades wildfires remain out of control, and a significant number of multimillion-dollar homes could be lost in the flames.
‘Drill, Baby, Drill’ Could Keep America’s Gas Prices Low
Because the incoming administration plans to let oil companies expand the footprint of where they operate, inventory of petroleum products will be plentiful.
Billionaire Nvidia CEO Huang Loses $8 Billion on Company News
Nvidia suffered a stock sell-off after announcing several new initiatives. This took the net worth of CEO Jensen Huang down by $7.8 billion.