U.S. President Joe Biden and Vice President Kamala Harris meet with (L-R) Senate Minority Leader Mitch McConnell (R-KY), House Speaker Mike Johnson (R-LA), Senate Majority Leader Chuck Schumer (D-NY), House Minority Leader Hakeem Jeffries (D-NY), on February 27, 2024 at the White House in Washington, DC. Roberto Schmidt | Getty Images President Joe Biden on … Read more
When investors think of the financial markets, the first thing that likely comes to mind is the stock market. But there is a bigger, less-flashy counterpart to the equity market: the bond market. At the heart of the fixed income space lies U.S. Treasurys, one of the safest investments in the world. “We have not … Read more
The U.S. Treasury building in Washington, D.C., on March 13, 2023. Al Drago | Bloomberg | Getty Images The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days. The nation’s debt permanently crossed over to $34 trillion on Jan. 4, after briefly … Read more
Nvidia CEO Jensen Huang speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center in New York City on Nov. 29, 2023. Slaven Vlasic | Getty Images Nvidia briefly surpassed $2 trillion in market cap during intraday trading Friday following the company’s rosy earnings report Wednesday — but it was … Read more
/cdn.vox-cdn.com/uploads/chorus_asset/file/24002526/acastro_STK083_01.jpg)
Nvidia has officially hit a $2 trillion market capitalization, making it the first chipmaker to cross the threshold. It’s also the third US company to reach over a $2 trillion valuation, right behind Apple ($2.83 trillion) and Microsoft ($3.06 trillion). The California-based company has seen rapid growth over the past year due to its leadership … Read more
The value of all the bitcoin in circulation, or market capitalization, on Wednesday rose above $1 trillion for the first time since late 2021, according to CoinMarketCap data. The cryptocurrency also broke through the $51,000 level during the day, marking the first time it has hit this price since December 2021. Bitcoin was trading at … Read more
Worldwide military spending surged by 9 percent year-on-year in 2023 to hit a record $2.2 trillion as multiple conflicts ratcheted up global insecurity, according to a new report by the International Institute for Strategic Studies released on Tuesday. The report, IISS’s 65th annual “Military Balance” publication, also estimated that military spending would set another record … Read more
Total credit card debt reached another record high in the fourth quarter of 2023, according to the latest Household Debt and Credit Report from the Federal Reserve Bank of New York. The outstanding balance grew to $1.13 trillion, an increase of $50 billion over a 90-day period. A spike in credit card debt for the … Read more
/cdn.vox-cdn.com/uploads/chorus_asset/file/25254857/1242156040.jpg)
One of the most ambitious assessments yet of our global food system calculates the health, environmental, and economic losses of business as usual. It also outlines what governments can do to reap trillions of dollars’ worth of benefits by producing food more sustainably. All in all, the damages caused by the current system — how … Read more
Microsoft CEO Satya Nadella speaks at the CES conference in Las Vegas on Jan. 9, 2024. David Paul Morris | Bloomberg | Getty Images Microsoft’s market cap briefly surpassed $3 trillion in intraday trading Wednesday after the stock climbed more than 1% and hit around $404 per share. The milestone comes nearly two weeks after … Read more