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Elon Musk says ‘America headed for bankruptcy’, 5 reasons why he may be correct

Here are five reasons that indicate Elon Musk might be correct about the US ‘heading’ for bankruptcy…

FILE PHOTO: Elon Musk, CEO of SpaceX and Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File Photo(REUTERS)
Published on Oct 04, 2024 03:57 AM IST
ByArya Vaishnavi

FedEx Slumps as Lowered Outlook Offers Warning Sign for Economy

FedEx Corp. warned its business would slow in the year ahead and reported a worse-than-expected quarterly profit in an ominous sign about the direction of the US economy.

FedEx Slumps as Lowered Outlook Offers Warning Sign for Economy
Published on Sep 20, 2024 05:56 PM IST
Bloomberg |

Message in the Fed Reserve rate cut

The Fed cut interest rates by 0.5%, signaling focus on the labor market over inflation, with projections for further easing by 2026, impacting global economies.

FILE PHOTO: Federal Reserve Board Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom Brenner/File Photo (REUTERS)
Published on Sep 19, 2024 08:46 PM IST
ByHT Editorial

How US Federal Reserve's rate cut decision impacts policies around the world

The Federal Reserve's interest rate cut influences global policy, providing relief for emerging markets and potential shifts in Europe.

Federal Reserve Board Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washingto.(Reuters)
Published on Sep 19, 2024 08:21 AM IST
Bloomberg |

Kamala Harris invokes Project 2025 on debate stage as Trump rejects any link

The high-octane debate between Harris and Trump kicked off on Tuesday night, with the US VP invoking Project 2025, which Democrats describe as radical.

Democratic presidential nominee, U.S. Vice President Kamala Harris gestures as she speaks while Republican presidential nominee, former U.S. President Donald Trump listens, during a presidential debate hosted by ABC in Philadelphia, Pennsylvania, U.S., September 10, 2024 REUTERS/Brian Snyder(REUTERS)
Updated on Sep 11, 2024 07:15 AM IST
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