CategoryU.S. Business News

Popular American business news with strong opinions and unique expert comments.

Tesla’s Latest Sales Pitch Will Blow Up Just Like Its Cars

tesla charging station

You have to give Elon Musk a lot of credit. By creating some kind of news every single day about any one of his ventures, he is not only guaranteed to always be in the news, but he's able to create a smokescreen that distracts people and investors from the fact that he's just selling turbocharged snake oil. Only a genius can recover from the fact that Tesla cars explode. Free Stuff From Elon and...

Stock Market's Stuck, Revisits 2018 Levels from When Trade War Began

falling stock market

With both the Dow Jones and S&P 500 hitting record highs recently, you would be forgiven for thinking that Donald Trump’s stock market has been a runaway success. However, the recent trade war turmoil has shed light on an extraordinary fact: the Dow and S&P have gone nowhere since the tariffs began in 2018. The stock market is now back at the same level it was in January 2018 -- when...

How Trump's Trade War Could Decimate the PlayStation

Donald Trump Trade War impact on PlayStation

The Sony PlayStation 5 launch remains at least a year away, but speculation over its price point has already become a hot topic among gamers. One Swedish retailer appears to be already taking PlayStation 5 pre-orders at a jaw-dropping price of more than $1,000, while some industry analysts believe that the console will be priced at a significant premium thanks to high-spec hardware. Now, Sony...

This S&P 500 Stock Impresses, Bucks the Downward Market Trend

The stock market is reeling, with the S&P 500 down nearly 3 percent in a sharp sell-off. The broader stock market index is suffering one of its worst days of the year, but if you look hard enough, some stocks are managing to buck the otherwise downward trend. Tyson Foods is among the stocks trading decidedly in the green today even as the threat of a seemingly unending trade war takes its...

Dow Futures Bloodbath as China 'Weaponizes' Currency Against Trump

Dow, Dow Futures, Dow Jones

US stocks are set to open deep in the red on Monday, as Dow Jones Industrial Average (DJIA) futures fell more than 300 points lower. Stock markets are in free fall around the world after China hit back at Trump’s proposed tariffs and Twitter threats. The Chinese government let the yuan fall to an 11-year low on Monday, effectively sticking a middle finger up at Donald Trump. China also instructed...

Stock Market Outlook: Guns, Tariffs, Disney Earnings & Brexit

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The S&P 500 could face a rocky week ahead after another round of Trump trade war tweets over the weekend. However, investors have more than just the White House's ongoing tariff shenanigans to worry about when the bell rings on Monday. The president's response to a horrific run of mass shootings in California, Texas, and Ohio will also be in focus for stocks, due to the impact on gun...

Warren Buffett Piles Into Apple Stock as Key Profit Sector Plunges 63%

warren buffett, tim cook, apple

Warren Buffett’s Berkshire Hathaway is compensating for its weak second quarter by increasing its holdings in Apple Inc. After 3.5 years since their last major acquisition, the Omaha-based conglomerate has built a $50.5 billion stake in the iPhone creator. The total makes Apple the largest holding in Berkshire. In May, Warren Buffett said that he was "pleased” with Apple’s first-quarter reports...

Ex-Tesla Employee: Elon Musk Is Running an Absolute 'Circus'

elon musk, tesla

When it comes to assessing a company's culture, you always want to listen to the rank-and-file employees. In the case of Tesla, one such employee has gone on the record and eviscerated how Elon Musk and his lieutenants are managing the $42 billion company. A video interview with a former Tesla employee, posted on the Tesla fan website LikeTeslaKim.com, should give every Tesla owner and investor...

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