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
(Bloomberg) — The value of China’s stock market has never been this far behind that of the US, as the losses continue to pile up in a seemingly relentless equity rout. Most Read from Bloomberg The market capitalization of the US stock market is now $38 trillion greater than that of Hong Kong and China … Read more
Websites, apps and startups are rushing to track government incentives for climate tech Spend some time with people in the climate tech world and you’ll soon learn that a lot of them share something in common: They’re not used to having a lot of money. That’s because for years, climate represented a cost for many … Read more
The U.S. Treasury building in Washington, D.C., on Aug. 15, 2023. Nathan Howard | Bloomberg | Getty Images The U.S. government ran up another half a trillion dollars in red ink in the first quarter of its fiscal year, the Treasury Department reported Thursday. For the period from October 2023 through December 2023, the budget … Read more
The Chinese national flag flies behind security cameras on Tiananmen Square on June 4, 2012 on the 23rd anniversary of China’s crackdown of democracy protests in Beijing.ED JONES/AFP via Getty Images China has faced many economic problems this year, from deflation and record youth unemployment to a property crisis. But the nation faces another, even … Read more
We need more humans. That’s the message from two of the world’s richest billionaires, Amazon founder Jeff Bezos and Tesla CEO Elon Musk. While the two compete in the space business—Bezos owns Blue Origin while Musk has SpaceX—they agree on certain aspect’s of humanity’s future. “I think in a lot of these endeavors we’re very … Read more
Sen. Mitt Romney and Sen. Joe Manchin’s bill to stabilize the national debt, which has more than doubled in the last decade, has been gaining bipartisan support in Congress. The Fiscal Stability Act aims to strengthen and stabilize the country’s fiscal health by establishing a commission to find solutions to decrease the national debt that … Read more
The United Nations has published a major new tally of the impact the world’s food system has on our health and the planet. According to a report from the Food and Agriculture Organization of the United Nations (FAO), the total hidden costs of the world’s food system add up to $12.7 trillion dollars—roughly 10 percent … Read more
A clerk of ICBC bank counts Chinese 100 yuan at its branch in Beijing. Kim Kyung-Hoon | Reuters BEIJING — Chinese authorities late Tuesday announced one of the biggest changes to the national budget in years, along with the issuance of 1 trillion yuan in ($137 billion) in government bonds. But state media made it … Read more
CFOTO | Future Publishing via Getty Images U.S. tech giants added $2.4 trillion to their market capitalizations in a year defined by the hype around generative artificial intelligence, according to a new report from venture capital firm Accel. Accel, in its annual Euroscape report, said the share price values of big technology firms such as … Read more