Saturday, January 11

Tag: billionaires

Elon Musk, Jensen Huang, and the other billionaires who made bank in 2024

Elon Musk, Jensen Huang, and the other billionaires who made bank in 2024

Business
(L-R) U.S. President-elect Donald Trump, Tesla CEO Elon Musk, and Vice President-elect JD Vance. Tesla stock-- and Musk's wealth-- has actually escalated thanks to his connections with the inbound administration.Photo: Kevin Dietsch (Getty Images)2024 was a significant year for the world's most affluent Americans as the stock exchange continued to notch brand-new highs. The S&P 500 struck more than 50 record highs over the previous 12 months, with its very first taking place as early as Jan. 19. That's indicated significant financial wins for both financiers and individuals who manage or have big stakes in a few of the biggest business on the planet, specifically those in the more comprehensive tech market. Here are the billionaires who won one of the most in 2024. Spoiler alert: None of t...
Brace! Threats accumulate for the worldwide economy in 2025

Brace! Threats accumulate for the worldwide economy in 2025

Business
By Mark John (Reuters) - No earlier had the international economy began to put the after-effects of the COVID-19 pandemic behind it than an entire brand-new set of obstacles opened for 2025. In 2024, the world's reserve banks were lastly able to begin decreasing rate of interest after mainly winning the fight versus inflation without triggering a worldwide economic downturn. Stocks struck record highs in the United States and Europe and Forbes stated a "banner year for the mega-wealthy" as 141 brand-new billionaires joined its list of the super-rich. If this was expected to be excellent news, somebody forgot to inform citizens. In a bumper election year, they penalized incumbents from India to South Africa, Europe and the United States for the financial truth they were sensation: a ruthle...