Former U.S. Treasury Secretary Larry Summers told Bloomberg on Friday that an investigation into the 2,000 stimulus would be “a very serious mistake” for Americans. Summer, who is reportedly an adviser to President-elect Joe Biden’s campaign, said the rise in consumer spending is the wrong way to achieve economic recovery. …
Read More »Elon Musk says it would be an “impossible” task to keep Tesla private
James MacDonald, CEO of Hercules Investments, weighs in on Tesla’s future. It is “impossible” for Elon Musk to privatize Tesla – despite the CEO’s acknowledgment that dismissing the electric carmaker from his duties as a public company would spur innovation, he said the day before Christmas. Elon Musk says humans …
Read More »Despite the epidemic toll, the market edge towards euphoria
“It’s not as clear a bubble as it was 20 years ago,” said Jay Ritter, a finance professor at the University of Florida studying early public opportunities. “But we’re close to the bubble region.” The market seems warmer by another gauge that investors often use to determine how cheap or …
Read More »French investigators to interrogate Carlos Ghosn in Lebanon
Here are the top headlines from Fox Business Flash. Check out what is clicking on FoxBusiness.com. BEIRUT – A team of French investigators will arrive in Beirut next month to take part in the interrogation of former Renault-Nissan boss Carlos Ghosn, a Lebanese justice ministry official said on Saturday. The …
Read More »U.S. %. %% increase in holiday retail sales – MasterCard Report
Here are the top headlines from Fox Business Flash. Check out what is clicking on FoxBusiness.com. U.S. from October 11 to December 24. Retail sales rose 3.0 percent in this year’s extended holiday shopping season, driven by an epidemic shift to online shopping, a report from MasterCard Inc. said on …
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