Despite a turbulent year, Tesla’s stock price experienced a significant rally on Friday, erasing its losses for the year and finishing the week with a 27% gain. Shares of the electric vehicle maker closed the week at $251.55, a stark difference from their low of $138.80 back in April. The recent surge in Tesla’s stock
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The hot dog eating world was taken by storm when Patrick Bertoletti emerged as the new champion at Nathan’s Hot Dog Eating Contest, dethroning the 16-time winner, Joey Chestnut. Bertoletti, a 39-year-old from Illinois, devoured an impressive 58 hot dogs in the 10-minute event, claiming the coveted Mustard Yellow Belt in the men’s category. On
The Federal Reserve officials discussed in their June meeting that inflation is gradually moving towards their target of 2%, but not at a pace that would warrant lowering interest rates. The meeting minutes released on Wednesday revealed that additional positive data is needed for them to have greater confidence in the sustainability of inflation towards
President Joe Biden and former President Donald Trump may differ on many policy issues, but when it comes to tariffs, they share some common ground. Tariffs have the potential to protect and help grow domestic industries, but they also come with a cost. While tariffs can be seen as a way to punish foreign producers
Boeing’s recent announcement of the acquisition of Spirit AeroSystems has sent shockwaves through the aviation industry. The deal, valued at $8.3 billion, has raised eyebrows and prompted discussions about the implications for safety and quality control in Boeing aircraft. Implications of the Acquisition By bringing Spirit AeroSystems in-house, Boeing aims to fully align their production
The United States has ambitious goals to increase its wind power generation by 2030, aiming to produce 30,000 megawatts of energy within the next five and a half years. However, as of last year, the nation was only generating 42 megawatts, lagging far behind Europe. The US is now facing challenges such as supply chain
As former Presidents Barack Obama and Bill Clinton attempted to provide reassurance following President Joe Biden’s debate stumble against former President Donald Trump, they highlighted the need to acknowledge the recent debate disaster while redirecting the focus to the bigger picture. Despite their efforts to downplay the impact of the debate blunders, the reality is
The recent report from the Federal Reserve showed that inflation during May had slowed down to its lowest annual rate in over three years. The core personal consumption expenditures price index only increased by a seasonally adjusted 0.1% for the month, marking a 2.6% increase from a year ago. This number was down by 0.2
The upcoming release of the personal consumption expenditures price index by the Commerce Department is anticipated to bring positive news on the inflation front. Market analysts expect the index to indicate minimal to no monthly escalation for May, marking the first instance of such a trend since November 2023. Particularly noteworthy is the core PCE
In a surprising turn of events, Rep. Lauren Boebert, a Republican from Colorado, won her GOP primary after deciding to run in a different district than the one where she narrowly won re-election in 2022. Boebert defeated five other Republicans for the party’s nomination in Colorado’s 4th District, which became available after Rep. Ken Buck