Musk is now a trillionaire. Hip, hip hooray! The megalomaniac can call himself the richest man ever thanks to this AI boom that is leaving not just individuals, but stock exchanges scratching their heads as to how a company can be worth $1.77 trillion without generating any profit. S&P 500 says it will be at least a year before it lists Space X , as it has no means of assessing its viability on the market. No matter, SpaceX stocks jumped 20 percent on the big day, sending Elon over the top, as he owns 42% of the stock in this company. The S&P decision is a big deal as it means our retirement plans won't go toward funding SpaceX for at least a year. Americans have more money tied up in this index than any other index through retirement plans, and if Congress gets its way, Social Security will get tied into it as well. Republicans want to make the roughly $2.5 trillion in asset reserves available to the market, as the fund is being rapidly depleted under the Trump administrat...
Commemorating D-Day is typically a solemn occasion. Visiting dignitaries are asked to do one thing and one thing only - honor the dead. Approximately 70,000 allied soldiers died at the Battle of Normandy. Another 150,000 were wounded. This battle turned the tide in WWII, defeating Nazi Germany on a second front after the Soviet Union had pushed back the Nazis at Stalingrad. Yet, for whatever " grotesquely stupid " reason of his own, Petey Hegseth decided to turn this somber commemoration into an anti-immigration speech. The Trump administration has been busy stirring up trouble in Europe this year, hoping to turn elections across the continent. Immigration is their ideological weapon of choice. VP Vance had stumbled into the Henry Nowak murder case with little or no knowledge of what actually happened. Deputy PM David Lammy tried to set the Vice-President straight but to no avail because Vance had one aim and one aim only, to give his buddy Nigel Farage a chest bump in the e...