Wealth Empire

Tesla Shorts Suffer $5 Billion Blow After Trump’s Election: Report

Benzinga Neuro | November 11, 2024

In the aftermath of Donald Trump‘s election, hedge funds that bet against Tesla Inc. (NASDAQ:TSLA) have reportedly experienced significant losses. What Happened: Following Trump’s victory, hedge funds that were shorting Tesla have seen their fortunes decline by $5.2 billion. These losses took place between election day and the close of the following Friday, according to […]

Donald Trump To Reportedly Appear On Joe Rogan’s Podcast For First Time

Benzinga Neuro | October 23, 2024

In a significant media move, former President Donald Trump is set to appear on Joe Rogan‘s popular podcast “The Joe Rogan Experience” for the first time. The recording is scheduled for Friday at Rogan’s studio in Austin, Texas. What Happened: Rogan, who commands a massive following of over 14 million on Spotify, consistently ranks among […]

Trump’s Potential Federal Reserve Pick Defends Rate Cuts

Benzinga Neuro | October 18, 2024

Donald Trump‘s potential nominee for the Federal Reserve, Kevin Hassett, has defended the central bank’s recent interest rate reduction, despite Trump’s criticism. What Happened: Hassett, a former Trump economic adviser, justified the half-point rate cut citing a weakening jobs market, Financial Times reported on Friday. In an interview with the FT’s Unhedged newsletter, Hassett stated, […]

Bank Of America Glitch Leaves Customers Seeing $0 In Accounts — What Happened?

Benzinga Neuro | October 3, 2024

Customers of Bank of America (NYSE:BAC) faced a significant disruption on Wednesday as they struggled to access their accounts, with many seeing zero balances. The bank has since addressed the issue, stating it has been largely resolved. What Happened: The outage began around 12:45 p.m. ET, as reported by Downdetector, a service that monitors online […]

Ford Launches New Benefits Program To Address ‘Change Anxiety’ Amid Slowdown In EV Sales

Benzinga Neuro | September 30, 2024

Ford Motor Co. (NYSE:F) has introduced a new initiative aimed at increasing electric vehicle sales by addressing customer concerns. What Happened: The “Ford Power Promise” program, starting Tuesday, offers benefits like free home-charging installation for buyers or lessees of new Ford EVs, including the F-150 Lightning and Mustang Mach-E. The initiative aims to alleviate financial […]

FTC Chair Lina Khan Warns Airlines May Exploit AI

Benzinga Neuro | September 25, 2024

Federal Trade Commission (FTC) Chair Lina Khan has raised concerns about the potential misuse of AI by airlines to charge higher prices for passengers attending funerals. What Happened: Speaking at the 2024 Fast Company Innovation Festival, Khan highlighted the risks AI poses in enabling fraud and price discrimination. She emphasized that AI tools are accelerating […]

Workday Shares Worth Buying?

Benzinga Neuro | August 23, 2024

The shares of Workday Inc. (NASDAQ:WDAY) experienced a nearly 13% surge in pre-market trading on Friday. This significant increase is attributed to the company’s impressive second-quarter results and an encouraging long-term outlook. According to Benzinga Pro, at the time of writing, Workday was trading 12.51% higher at $259.99 after closing at $231.08 on Thursday. Workday’s […]

U.S. Spending Like ‘Drunken Sailor,’ MMT Godfather Slams Government

Benzinga Neuro | July 8, 2024

Warren Mosler, a prominent figure in Modern Monetary Theory (MMT) and American entrepreneur, echoed the sentiments of experts such as Stanley Druckenmiller, Citadel’s Ken Griffin has criticized the U.S. government’s spending habits, comparing them to a “drunken sailor.” What Happened: Mosler expressed his concerns on the Odd Lots podcast. He highlighted the perilous mix of […]

Can Biden Cut Pharma Costs?

Benzinga Neuro | June 17, 2024

The U.S. government’s newly acquired ability to negotiate drug prices may not drastically alter the amount Americans spend on their medications, according to industry experts. What Happened: The Inflation Reduction Act, a landmark legislation by President Joe Biden, permits the U.S. government to negotiate directly with drug manufacturers. While progressives hail this as a significant […]

Nvidia’s Earnings Would Be Tell-Tale For US Stock Market Rally: ‘If They Do Well…’

Benzinga Neuro | May 22, 2024

Semiconductor giant Nvidia (NASDAQ:NVDA) is set to release its first-quarter earnings report, a key event that could significantly impact the ongoing U.S. stock market rally. What Happened: Earnings from semiconductor giant Nvidia are set to test the ongoing U.S. stock market rally, Reuters reported on Wednesday. Nvidia has seen a 90% surge in its stock […]

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