Danny Moses, renowned for his accurate prediction of the 2008 financial crisis, has voiced concerns over the economic impact of recent federal job cuts. What Happened: The founder of Moses Ventures cautioned that the market has not fully considered the economic repercussions of the job cuts initiated by the Department of Government Efficiency (DOGE), a…
President Donald Trump has publicly praised Amazon AMZN founder and owner of The Washington Post, Jeff Bezos, for the significant changes he has implemented at the newspaper. What Happened: President Trump, during an interview with television journalist Sharyl Attkisson, expressed his appreciation for Bezos’ efforts to improve The Washington Post. “I think a guy like Bezos is — I’ve gotten to know…
Billionaire hedge fund manager Paul Tudor Jones voiced his apprehensions about the stability of financial markets during President Donald Trump‘s second term. What Happened: During an interview with CNBC earlier this month, Jones explained that the current financial environment is vastly different from when Trump initially assumed office in 2017. He observed significant changes in the fixed…
Tesla Inc. TSLA CEO Elon Musk, the world’s richest person with a net worth of $412 billion, is at the center of criticism amid a potential conflict of interest as he takes on the role of head of the Department of Government Efficiency (DOGE). What Happened: DOGE was introduced by Donald Trump, with Musk leading…
U.S.-listed shares of Chinese EV startups Li Auto Inc. LI, Nio Inc. NIO, and Xpeng Inc. XPEV rose as high as 7.3% in premarket trading on Tuesday after President Donald Trump‘s inauguration even as shares of California-based EV startup Rivian Automotive Inc. RIVN fell. What Happened: Trump on Monday revoked a 2021 executive order signed…
President-elect Donald Trump has disclosed plans to have dinner with Amazon Inc. AMZN founder Jeff Bezos. What Happened: During a Meet the Press interview with Kristen Welker on Sunday, Trump said that following his Nov. 5 win, he got calls from many people. He also heard from Bezos and added “We’re having dinner,” while expressing…
Anthony Scaramucci, who briefly served as White House communications director during President-elect Donald Trump‘s first term, sees promise in Trump’s proposed Cabinet but fears that Trump’s mass deportation plan could have severe economic repercussions. What Happened: During a Friday interview, Scaramucci commended Trump’s intention to nominate Scott Bessent, a billionaire hedge-fund manager, for Treasury secretary….
On Friday, Perplexity, an artificial intelligence startup, announced an AI-powered Election Information Hub, promising real-time vote counts and candidate summaries. What Happened: The hub, which will be operational on Election Day, Nov. 5, is designed to provide AI-generated answers to voting queries and summaries of candidates. The live vote count will be based on data from The Associated…
Chinese President Xi Jinping reportedly urged U.S. President Joe Biden to adjust the language used by the United States concerning Taiwan’s independence. This request was made during a meeting near San Francisco last November. What Happened: Xi’s aides have persistently followed up on this request, but the U.S. has maintained its stance. The White House…
The Washington Post, which is owned by billionaire Jeff Bezos, is the latest newspaper to be caught up in controversy over not endorsing a political candidate in the 2024 presidential election. The newspaper announced Friday it will not endorse a candidate in the race. What Happened: The Washington Post, which was purchased by Bezos in…