Elon Musk Claims United States Will Be Bankrupt, Now What?
The US debt now sits at $34 trillion and is growing by about $1 trillion every 100 days. A statistic came out recently that claimed 76% of all personal income tax is now going to service the national debt.
It’s for that reason Musk recently made the claim that the US is headed for bankruptcy.
America is headed for bankruptcy fyi https://t.co/O6FH5BK4aQ
— Elon Musk (@elonmusk) July 26,
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Read MoreRussia Vs Ukraine: How Markets Will Be Affected
As all eyes focus on Russia’s war with Ukraine, the knee-jerk reaction from investors has been to buy defense and oil stocks. But before we follow the herd we should be a bit more thoughtful and apply game theory to the situation as if we were sitting at the helm with Putin and forced to make decisions based on the interests of his people.
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Read MoreGot $300? Buy Visa
You don’t need a lot of money to start investing in the stock market. If you have $300, buying Visa could be your first step to building a successful investment portfolio that generates strong returns throughout your life.
Why does Visa seem like such a good option? Let’s look at the company’s performance to understand more.
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Read MoreWhich Stocks Will Go Up This Year?
As interest rates rise and fall, some sectors benefit more than others, but which ones? And what stocks will go up this year if rates rise?
The Federal Reserve typically raises interest rates when the economy is growing and lowers them when the economy is slowing. You would think then that as the Fed hikes rates,
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Read MoreWill Zoom Beat The Market In Next 5 Years?
When the world needed to connect from home, Zoom didn’t disappoint. The video conferencing providers saw numbers skyrocket from 10 million in December 2019 to over 300 million in April 2020. Rocket-ship like growth highlighted Zoom’s capacity to scale and investors couldn’t buy enough of it.
Since then the stock has languished but maybe that’s about to change?
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Read MoreThe Burst
1 AI Stock To Avoid In 2024
The story and hype around artificial intelligence drove a whole wave of technology stocks higher in 2023. Some of the gains were well-deserved and others, like Broadcom, might have mushroomed to unsustainable levels for 2024.
We took a peek at the financials to see if the current valuation matches with the price and,
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Read MoreThe Spotlight
Is This Crypto Bank Massively Undervalued?
The concept of currency dates back to the dawn of civilization. Over the centuries, everything from salt to dolphin teeth has been assigned value for the purpose of buying and selling goods and services. Gold and silver might hold the record for most-widely-accepted currency, but metals were eventually deemed impractical for everyday use.
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Read MoreThe Daily
JPMorgan to invest up to $10B in US companies with crucial ties to national security
JPMorgan Chase will directly invest up to $10 billion in U.S. companies with crucial ties to national security.
The investment plan revealed Monday will focus on four areas: supply chain and advanced manufacturing in critical minerals, pharmaceutical precursors and robotics; defense and aerospace; energy independence, with investments in battery storage and grid resilience;