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$Tesla (TSLA.US)$ chief executive officer Elon Musk says he's leaning toward backing Florida Governor Ron DeSantis in the 2024 presidential race.
Musk's support for DeSantis came in a series of tweets on Wednesday. The billionaire also said he'd voted Republican for the first time in a special election for a Texas House seat and that he's weighing creating a fund-raising group for moderate political candidate...
Musk's support for DeSantis came in a series of tweets on Wednesday. The billionaire also said he'd voted Republican for the first time in a special election for a Texas House seat and that he's weighing creating a fund-raising group for moderate political candidate...
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US Federal Reserve chairman Jerome Powell said his goal is “to get wages down,” complaining workers have too much power in the labor market. Economist Michael Hudson says this is “junk economics,” and corporate monopolies are driving inflation, not wages.
“Wages are running high, the highest they’ve run in quite some time,” the Fed chairman lamented.
Workers need to be disciplined by the labor market, he insisted.
Powell argued, “There’s a path by which we woul...
“Wages are running high, the highest they’ve run in quite some time,” the Fed chairman lamented.
Workers need to be disciplined by the labor market, he insisted.
Powell argued, “There’s a path by which we woul...
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A cryptic tweet from “Big Short” investor Michael Burry is adding to the grim mood on a day when markets are sliding and there are signs that the US housing boom is slowing down.
It’s not clear exactly what Burry , who runs Scion Asset Management, meant. Twitter users urged him to specify what he believed would catalyze another financial collapse on the magnitude of the 2008 crisis.
Economic Data | Sales of newly b...
It’s not clear exactly what Burry , who runs Scion Asset Management, meant. Twitter users urged him to specify what he believed would catalyze another financial collapse on the magnitude of the 2008 crisis.
Economic Data | Sales of newly b...
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