Posts with tag: battles
Elon Musk's efficiency commission has targeted Social Security, sparking concerns about the program's funding and benefit payments. However, reforms are needed to address the funding shortfall as benefit payments outpace tax revenue. Options include raising taxes, cutting benefits, or a combination of both. While Musk's commission may identify waste and abuse, the main issue is the imbalance between a declining workforce and a growing retiree population. Resolving this requires raising taxes or cutting benefits, or both.
Published on: February 19, 2025, 01:02 AM UTC
Ford beat Q4 earnings and revenue estimates but provided muted guidance for 2025 due to market headwinds. Ford Blue, Model e, and Ford Pro segments reported mixed results, with Model e facing continued losses. CEO Farley highlighted focus on quality, cost, and electrification, while also advocating for a comprehensive tariff policy.
Published on: February 06, 2025, 08:01 AM UTC
Cryptocurrency markets plummeted after Trump's tariff announcements, with the MVIS CryptoCompare Small-Cap index experiencing its steepest two-day drop since May 2022. Ether briefly plunged 27%, while Bitcoin fared better with a 1% decline.
Published on: February 03, 2025, 10:00 AM UTC
Wall Street banks are preparing to sell a large portion of their debt holdings in social media platform X, including up to $3 billion in debt granted to Elon Musk for his acquisition of the former Twitter.
Published on: January 24, 2025, 09:01 PM UTC
South African inflation rose 3% in December, below expectations, giving room for policymakers to consider interest rate cuts this month.
Published on: January 22, 2025, 10:01 AM UTC