International finance and business news.
Musk Remains World's Richest Man Despite Democrats' War On Tesla
11 March 2025 @ 9:20 pm
Musk Remains World's Richest Man Despite Democrats' War On Tesla
Democrats won't be happy to learn that Elon Musk still holds the title of the world's richest man, according to the latest Bloomberg data.
As of Monday, Musk's net worth stood at $300.6 billion, down $29 billion in the prior session after Tesla tumbled 15%. Year-to-date, his net worth has plunged by $131.8 billion, mainly due to Tesla shares plunging 43% since the start of the year amid slowing sales and mounting boycotts by leftists furious about his DOGE mission to root out fraud and corruption in the federal government.
The Global AI Race: The US Creates, China Copies, & The EU Regulates
11 March 2025 @ 9:00 pm
The Global AI Race: The US Creates, China Copies, & The EU Regulates
Authored by Stefan Bartl via TheDailyEconomy.org,
Me: “Hey Siri! Write me an essay on artificial intelligence showing how the USA., China and the European Union interact with AI.”
Siri: “Ok! The USA innovates AI, the Chinese replicates AI, and the EU regulates AI.”
Siri was introduced to the Iphone 4 in 2011 as a digital assistant. Long forg
End Of Era: Southwest Airlines Will Charge For Checked Bags
11 March 2025 @ 8:40 pm
End Of Era: Southwest Airlines Will Charge For Checked Bags
With activist hedge fund Elliott Management in the pilot's seat at Southwest Airlines, the budget carrier has eliminated its popular 'bags fly free' policy for the first time in its half-century of operations.
Starting May 28, Southwest will only allow Rapid Rewards A-List Preferred members and passengers booking top-tier Business Select fares to check two bags for free. Frequent Flyer A-List members, Southwest credit card holders, and other select customers will be allowed one free checked bag. All other passengers will be charged for first and second checked bags.
Dealmaker, Peacemaker, President
11 March 2025 @ 8:20 pm
Dealmaker, Peacemaker, President
Authored by John J. Waters via RealClearWorld,
“What the f— are we doing here?” asked President Trump in the summer of 2017.
Judge Halts Deportation Of Columbia University Pro-Palestinian Protest Leader
11 March 2025 @ 7:45 pm
Judge Halts Deportation Of Columbia University Pro-Palestinian Protest Leader
Authored by Tom Ozimek via The Epoch Times (emphasis ours),
A federal judge in New York has temporarily blocked any effort by the Trump administration to deport Mahmoud Khalil, a Palestinian student and permanent resident who led pro-Palestinian encampment protests at Columbia University after the deadly Oct. 7, 2023, attack on Israel by the Hamas terrorist group.
Tesla Rebounds After Trump Showcases Vehicles At White House
11 March 2025 @ 7:30 pm
Tesla Rebounds After Trump Showcases Vehicles At White House
Update (1530ET):
Tesla shares rebounded late in the session, rising about 6%, after a fleet of Tesla vehicles arrived at the White House.
President Trump announced plans to purchase a Tesla vehicle on Monday to show support for Elon Musk and DOGE.
Russia & UK Engaged In Escalating Spy Wars, Diplomatic Expulsions
11 March 2025 @ 7:25 pm
Russia & UK Engaged In Escalating Spy Wars, Diplomatic Expulsions
Russia is seeking to clamp down on Western spying on its soil, amid ongoing tit-for-tat diplomatic expulsions especially involving Britain, related to alleged espionage. The Russian Federal Security Service (FSB) confirmed Monday that the Ministry of Foreign Affairs revoked the accreditation of two British diplomats, accusing them of entering Russia based on false information. They are being booted from the country.
The counterintelligence agency described it had "identified signs of intelligence and subversive work" that the pair had carried out against Russian national security interests. Countries often issue diplomatic cover for intelligence operatives w
Uncharted Waters: How President Trump Can Navigate Toward A More Resilient Economy
11 March 2025 @ 7:05 pm
Uncharted Waters: How President Trump Can Navigate Toward A More Resilient Economy
Authored by Daniel Lacalle and Jaime Figueras,
This week, financial markets have experienced unprecedented volatility.
Trump Reconsiders Canada Tariffs After Ontario Folds, Suspends Electricity Surcharge
11 March 2025 @ 6:50 pm
Trump Reconsiders Canada Tariffs After Ontario Folds, Suspends Electricity Surcharge
Update (1445ET): After earlier responding to President Trump's threats with more sound and fury:
“I want to send more electricity” to the US, Ford said during an interview with CNBC, but cutting off power exports remains “a tool in our toolkit.”
Ontario Premier Doug Ford just folded like a broken deckchair and agreed to suspend its surcharge of 25% on exports of electricity to Michigan, New York and Minnesota, Ontario Premier Doug Ford says in a post on X.
Today, Unite
Egg Prices Plummet After Trump Unveiled Plan To Reverse Biden's Bird Flu Mess
11 March 2025 @ 6:45 pm
Egg Prices Plummet After Trump Unveiled Plan To Reverse Biden's Bird Flu Mess
The rudderless and delusional Democratic Party attempted to blame President Trump for the Biden-Harris regime's egg price hyperinflation crisis. However, the prior administration was hellbent on culling 150 million chickens nationwide, plunging the nation's egg-laying hen population into a disaster without any meaningful countermeasures to offset lost production.
Monday's print of the Urner Barry Egg Index (EBP) shows that wholesale prices have plunged from a record high of $7.57 on Jan. 24 to $5.72—a 24% drop in just weeks—while remaining essenti