Ray Dalio says to understand Trump's 2nd administration, you should study how far-right governments in the 1930s worked

Billionaire investor Ray Dalio has suggested that examining hard-right regimes from the 1930s can provide insights into how President-elect Donald Trump might reshape the U.S. government under the guise of efficiency. In a commentary posted on LinkedIn on Wednesday, Dalio shared his predictions for Trump’s second term in

Israel-Hezbollah cease-fire to start Wednesday morning

Israeli Prime Minister Benjamin Netanyahu announced Tuesday that he has agreed to a cease-fire deal with Hezbollah, marking a significant step toward preventing a broader regional conflict. Speaking in Hebrew, Netanyahu said, “Tonight, I will present to the cabinet a plan for a cease-fire in Lebanon.” Although the Israeli Cabinet

Biden administration to loan $6.6 billion to EV maker Rivian, $RIVN, to build Georgia factory that automaker paused

President Joe Biden's administration announced Tuesday a $6.6 billion loan from the U.S. Department of Energy to Rivian Automotive to support the construction of a factory in Georgia. The project had been stalled as the electric vehicle startup struggled to achieve profitability. It remains uncertain whether

Mexican President Claudia Sheinbaum suggested that Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% import duties on Mexican goods

Mexican President Claudia Sheinbaum suggested Tuesday that Mexico might impose retaliatory tariffs if U.S. President-elect Donald Trump follows through on his threat to levy 25% import duties on Mexican goods. Trump has warned of these tariffs unless Mexico curbs the flow of drugs and migrants across the border. Sheinbaum

Gavin Newsom is rebooting EV incentives in California, but excluding Tesla, $TSLA

Tesla Inc.’s electric vehicles could be excluded from California consumer rebates under a proposal by Governor Gavin Newsom, setting up a political showdown between the Democratic governor and Tesla CEO Elon Musk, a key Republican ally. Newsom's Proposal Governor Newsom unveiled a plan on Monday to reinstate

Donald Trump has just said: as one of my many first executive orders, I will sign all necessary documents to charge Mexico and Canada a 25% tariff on all products coming into the US

President-elect Donald Trump announced plans on Monday to impose steep tariffs on the United States' top three trading partners—Canada, Mexico, and China—signaling his intent to follow through on campaign promises that could lead to significant trade disputes. Trump, set to take office on January 20, 2025, pledged

Berkshire's, BRK, Warren Buffett has just published a letter that says: upon my death, my children will have full responsibility for gradually distributing all of my Berkshire holdings

Warren Buffett, the renowned investor and chairman of Berkshire Hathaway, has taken additional steps to ensure the distribution of his vast fortune after his death. Buffett, now 94, plans to donate 99.5% of his remaining wealth—currently estimated at over $150 billion by Forbes—to a charitable trust managed

Top NATO official calls on business leaders to prepare for 'wartime scenario'

A senior NATO official has urged businesses to prepare for wartime scenarios by adjusting their production and supply chains to reduce vulnerabilities to coercion from countries like Russia and China. Speaking in Brussels on Monday, Dutch Admiral Rob Bauer, chair of NATO’s military committee, emphasized the importance of resilience

Trump's policies on immigration could have more of an economic impact than his promised tariffs

A second Trump administration has the potential to bring sweeping changes to the U.S. economy, driven by proposed policies on taxes, trade, and federal spending. Economic Vision for a Second Term President-elect Donald Trump has pledged to implement a mix of tax cuts, tariffs, and deregulation. While these policies

Trump has begun pabout making significant changes to Medicaid, food stamps and other federal safety net programs

Donald Trump’s economic advisers and congressional Republicans are considering significant cuts to Medicaid, food stamps, and other welfare programs to offset the costs of extending the 2017 tax cuts, which are set to expire next year. According to the Washington Post, discussions include adding work requirements and imposing spending

Elon Musk's PAC spent an estimated $200 million to help elect Trump

Elon Musk’s super PAC reportedly spent approximately $200 million to support Donald Trump’s election campaign, setting a new benchmark for how billionaires can influence political races, according to a source familiar with the spending. The majority of the funding for America PAC, which focused on mobilizing low-propensity and

"Homeownership is unaffordable for the middle class"

If retirement is approaching, there are some critical steps to take to ensure you're financially prepared. Chief among these is confirming you've saved enough to live comfortably—or at least having a plan in place that lets you sleep soundly at night. One way to get

Kamala Harris is considering running for president again in 2028

Kamala Harris has kept a low profile following her loss in the presidential race, taking time to unwind with family and close aides in Hawaii before returning to Washington, D.C. Privately, however, the vice president is instructing advisers and allies to keep her political options open. These include a

Elon Musk questioning about the cost of MSNBC

Elon Musk hinted at the possibility of exploring a purchase of MSNBC on Friday, following reports that the network might be spun off from NBC News and potentially sold by Comcast. Donald Trump Jr. fueled speculation by sharing a meme on X (formerly Twitter) claiming MSNBC was up for sale.

Matt Gaetz says he won't return to Congress next year

Former Florida Rep. Matt Gaetz, who withdrew from consideration as President-elect Donald Trump’s pick for attorney general on Thursday, announced on Friday that he will not return to Congress next year. “I’m still going to be in the fight, but it’s going to be from a new

Gen Z and young millennial employees are missing the equivalent of one day’s work every week due to mental health concerns

Gen Z and young millennial workers in Britain are losing the equivalent of a full workday each week due to mental health challenges, according to new research. A study by Vitality, a health and life insurance company with over 30 million members worldwide, revealed that the average U.K. employee

The 90-day auto delinquency rate is higher than the peak reached in 2009

Cathie Wood, CEO of Ark Investment Management, has sounded the alarm about rising auto loan delinquencies in the U.S., pointing out that the 90-day delinquency rate has now exceeded levels seen during the 2009 financial crisis. Her warning follows a concerning trend highlighted in recent data, showing a surge

Hiring in marketing is down 23% since 2018

The number of Americans filing new unemployment claims dropped to a seven-month low last week, signaling a potential rebound in job growth for November following a temporary slowdown caused by hurricanes and strikes. However, laid-off workers are taking longer to find new jobs, which could push the unemployment rate higher.

The average 401(k) balance for Americans aged 65 and older is $272,588 but the median is just $88,488

If retirement is approaching, there are some critical steps to take to ensure you're financially prepared. Chief among these is confirming you've saved enough to live comfortably—or at least having a plan in place that lets you sleep soundly at night. One way to get

Ukraine's former military Commander-in-Chief Valery Zaluzhny has said that World War III has started

Ukraine's former military Commander-in-Chief Valery Zaluzhny has said that World War III has started. Ukraine's former Commander-in-Chief Valery Zaluzhny declared that the involvement of Russia's authoritarian allies in its war against Ukraine signals the onset of World War III. "I believe that in

Elon Musk says Jeff Bezos to sell Tesla

Jeff Bezos responded to Elon Musk's accusation that he had predicted a Donald Trump loss in the 2024 election and suggested that shareholders should sell their Tesla and SpaceX stock. Musk, who is the CEO of both companies, made the claim in a post early this morning, stating

Donald Trump will make a $400,000 salary as president

Donald Trump has long boasted about his wealth, yet his true net worth remains a topic of debate. With his recent election to a second term as president, his financial status could undergo significant shifts. Presidential Salary and Business Ventures As president, Trump will earn an annual salary of $400,

The average U.S. household net worth is $1.06 million, but the median net worth is much lower, at $192,700

The Federal Reserve’s 2022 Survey of Consumer Finances offers a compelling snapshot of American wealth, revealing a sharp rise in the average household's net worth. The mean net worth reached $1.06 million, up 23% from $868,000 in 2019. While this figure suggests widespread prosperity, it

Matt Gaetz appears to have withdrew his name to be Trump's attorney general nominee

Former Republican Representative Matt Gaetz announced on Thursday that he is withdrawing his candidacy to serve as Attorney General in President-elect Donald Trump's administration. "I had excellent meetings with Senators yesterday," Gaetz wrote in a post on X (formerly Twitter). "I appreciate their thoughtful feedback

U.S. President Joe Biden has submitted to Congress a statement of intent to cancel half of Ukraine's economic aid debt, a sum of around $4.65 billion

The Biden administration has informed Congress of plans to cancel $4.65 billion in debt owed by Ukraine, according to a letter obtained by Bloomberg News. The move is part of a series of efforts to bolster Kyiv's support ahead of President-elect Donald Trump’s inauguration. The cancellation