Jim Chanos Scoffs At Elon Musk’s Claim About Tesla Hitting $30 Trillion+ Market Cap: ‘So 30% Of Global GDP…..?’

Shanthi Rexaline | June 14, 2024

Tesla, Inc. (NASDAQ:TSLA) held its annual shareholder meeting Thursday evening and CEO Elon Musk in his address touted the immense growth potential the company offers but at least one fund manager wasn’t impressed. What Happened: While reviewing the year for Tesla shareholders, Musk delved into the multiple opportunities before the company. “Tesla has the production […]

Nvidia Stock Poised For 3rd Straight Down Day

Shanthi Rexaline | June 10, 2024

Shares of Nvidia Corp. (NASDAQ:NVDA) are trading lower in premarket trading on Monday, towing in line with the sentiment that prevailed in the futures market. In premarket, the stock was down 0.42% at $120.38, according to Benzinga Pro data. The Nasdaq Composite and S&P 500 futures were down 0.02% and 0.09%, respectively. After hitting a […]

Trump’s Re-Election May Push Mortgage Rates Beyond 10%:

Shanthi Rexaline | June 3, 2024

Former Treasury Secretary Larry Summers, who is on the “inflation truthers” camp, said on Sunday there is a real risk of inflation spiking if Donald Trump wins a second term. Trump Bad For The Economy? Trump’s re-election could mean the U.S. could see another bout of inflationary pressure, Summers told The Atlantic. “There has never […]