GDP: US economy grows at 2.3% annualized pace in fourth quarter, matching estimates
The US economy grew at an unrevised 2.3% annualized pace last quarter, on par with consensus estimates.
The Bureau of Economic Analysis’s (BEA) second estimate of fourth quarterUS gross domestic product (GDP) was unchanged from the advanced estimate, which had shown 2.3% annualized growth.
The second estimate,
Read MoreWhy Tesla's stock has given up nearly all of its Trump election gains
Tesla (TSLA) CEO and Department of Government Efficiency (DOGE) head Elon Musk is asking government employees to submit what they have accomplished in the past week. Tesla investors would like to ask Musk the same question.
Tesla stock is down 28% year to date this year — and has nearly given up all its gains since President Trump’s election win on Nov.
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Read MoreTrump RELAUNCHES trade war with Mexico & Canada & reveals new China tariffs as he rages at drugs pouring over US border
PRESIDENT Donald Trump has restarted his trade war with Mexico and Canada by revealing the tariffs starting next week.
Trump said his previously planned tariffs on Mexico and Canada will kick off on March 4 – and he also is charging China an extra 10% tariff, he announced on Thursday.
Salesforce Stock Falls On Weak Generative AI View After Nvidia Earnings
SAN FRANCISCO, CALIFORNIA – SEPTEMBER 17: Nvidia CEO Jensen Huang (L) talks onstage with Salesforce … [+]
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Read MoreBillionaire hedge fund manager warns of 'economic heart attack' for US economy
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‘The Big Money Show’ panel discusses the impact of Trump’s agenda on American taxpayers.
Bridgewater Associates founder Ray Dalio said on a recent podcast that the U.S. could be headed towards a future “economic heart attack” without government action.
He told Bloomberg’s “Odd Lots”
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Read MoreThe Burst
What Billionaires Bought Last Quarter
Many billionaires fly under the radar. But 13F filings offer a clue as to what assets the ultra-rich are scooping up.
The most recent release last month, showcased three key stocks that billionaire money managers snapped up. All four are profitable and time-tested stocks within the Dow Jones Industry Average,
» Read more about: What Billionaires Bought Last Quarter »
Read MoreThe Ivy
Market Commentary: Will Tesla Hit $2,000?
In 2018, Tesla share price spent most of the year hovering around the $500 level. Cathie Wood made a bold prediction then that Elon Musk’s car manufacturer would reach $4,000 per share, implying a trillion dollar market capitalization.
It seemed preposterous. The only companies that flirted with such a market cap were Microsoft,
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