Elon Musk Criticizes Stay-at-Home Orders During Tesla Earnings Call
In a highly charged moment during Tesla’s recent earnings call, CEO Elon Musk vehemently criticized the ongoing stay-at-home orders, which he believes are threatening the company’s momentum and the broader economy. Musk, who has never been shy about expressing his…
Why Oil Futures Dropped Below Zero for the First Time Ever
In an extraordinary turn of events, oil futures plummeted below zero for the first time in history, highlighting the devastating economic consequences of the coronavirus pandemic. The sharp decline occurred as traders scrambled to avoid taking physical delivery of crude…
Small Business Owners Sue Major Banks Over Alleged PPP Loan Bias
Small business owners are suing several major banks, including Bank of America, JPMorgan Chase, U.S. Bank, and Wells Fargo, accusing the financial institutions of unfairly prioritizing larger loan applications under the Paycheck Protection Program (PPP). The plaintiffs allege that the…
Why the Russian Navy is Retiring Two of Its Most Powerful Surface Combat Ships
The Russian Navy is facing a critical decision regarding two of its most formidable surface combatants—the Kirov Class battlecruisers. These behemoths, weighing in at 28,000 tons each, represent the largest class of surface combat ships in the world. Equipped with…