Latest in Hits Trillion
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Tesla hits $1 trillion market cap as stock rallies after Trump win
Shares of Tesla climbed in afternoon trading Friday, pushing the electric vehicle maker's market cap past $1 trillion.Business - CNBC - November 8 -
Tesla’s market cap hits $1 trillion after another Trump-fueled jump for the stock
Tesla Inc.’s market valuation hit $1 trillion on Friday, after a post-election rally lifted the electric-vehicle maker’s stock by more than 25% on hopes the incoming Trump administration could ...Business - MarketWatch - November 8 -
Credit card debt hits record $1.17 trillion, New York Fed research shows
Credit card balances rose in the third quarter of 2024, the Federal Reserve Bank of New York found.Business - CNBC - November 13 -
Mr. Musk Goes to Washington — With a $2 Trillion Agenda
Donald Trump tapped the tech mogul to co-lead an effort to slash government spending, but questions abound over how such an initiative would actually work.Business - The New York Times - November 13 -
Trump, Harris tax-break costs soar to more than $12 trillion
Vice President Kamala Harris and former President Donald Trump have been proposing a slew of new tax cuts and credits over the course of their campaigns, and are even adding to the list in the ...Business - MarketWatch - October 29 -
Beijing considers $1.4 trillion borrowing increase to support economy: Reuters
Fresh stimulus would help local authorities resolve off balance-sheet debtBusiness - MarketWatch - October 29 -
Musk draws skepticism with call for $2 trillion in spending cuts
Tesla CEO Elon Musk’s call for “at least” $2 trillion in cuts to federal spending is drawing skepticism from experts as the billionaire tech magnate cements himself as one of former President ...Politics - The Hill - November 3 -
China Reveals $1.4 Trillion Plan to Bail Out Local Governments
The support package came after smaller measures were announced to jump-start growth. Economists said it was not big enough to address China’s sluggish economy.Business - The New York Times - November 8 -
Tesla surpasses $1 trillion in valuation in the wake of Trump's victory
Tesla returned to the $1 trillion club Friday, after its stock surged in the days following Donald Trump's presidential election victory.Top stories - NBC News - November 8 -
Countries Weigh How to Raise Trillions for Climate Crisis at COP29
Low-income countries need at least $1 trillion a year to manage climate change. Donald Trump’s victory just made that more difficult, but options exist.World - The New York Times - November 12 -
Will Elon Musk be able to cut $2 trillion from US government spending?
The Tesla CEO claimed he could slash US spending by eradicating “waste”.Top stories - BBC News - November 13 -
How Musk’s Department of Government Efficiency May Try to Slash Federal Spending
President-elect Donald J. Trump has tasked Elon Musk and Vivek Ramaswamy with identifying ways to cut the budget. The hard part comes next.Top stories - The New York Times - November 16 -
Is China a 'Developing' Country? That's the Trillion-Dollar Question at U.N. Climate Talks
Officials from developed and developing countries agree that more than $1 trillion a year is needed to finance poorer nations’ response to climate change—but not on who should pay up.World - The Wall Street Journal - 2 days ago -
Nvidia continues its march to a $4 trillion stock-market valuation. Why it’s inevitable.
Two big questions: How does the tech giant grow fast enough to satisfy Wall Street — and how long will that take?Business - MarketWatch - Yesterday -
If Musk and Trump want to cut federal spending by $2 trillion, they’ll have to come for Social Security and Medicare
Musk is talking big cuts. Something’s got to give.Business - MarketWatch - October 29 -
How Trump Superfan Elon Musk’s Plan to Cut $2 Trillion in Spending Could Mean Economic Chaos
The GOP candidate has spoken of making the billionaire CEO in charge of a ‘Department of Efficiency,’ but experts warn those dramatic reductions could mean instability and turmoil.Business - Inc. - October 30 -
China announces $1.4 trillion package over five years to tackle local governments' 'hidden' debt
Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.Business - CNBC - November 8 -
Americans’ $1 trillion credit-card debt problem is inching in the right direction as inflation eases
Americans are still building up their credit-card balances, but they’re doing a better job paying those bills on time — and it could be sign that inflation’s bite is easing.Business - MarketWatch - November 14 -
Crypto Industry Pushes Policy Change Agenda as Global Investment Tops $3.2 Trillion
Crypto companies want the Trump administration to promote digital assets and can expect a friendlier regulatory climate. The U.S. election has pushed global crytpo totals to record highs.Business - Inc. - November 14 -
Costco's founder met Jeff Bezos for coffee—his advice helped turn a near-death Amazon into a $2 trillion business
In 2001, tech stocks went bust and Amazon struggled. A coffee meeting with Costco founder Jim Sinegal helped convince Jeff Bezos to rethink his prices.Business - CNBC - 6 days ago -
Musk’s ‘DOGE’ commission wants to cut trillions in government spending. Social Security and Medicare make prime targets.
Voters said they’ve had enough hardship. But Elon Musk says more is needed.Business - MarketWatch - 19 hours ago -
UK borrowing costs hit highest level this year as gilt sell-off intensifies
Bond markets unnerved by scale of extra borrowing in chancellor Rachel Reeves’ BudgetBusiness - Financial Times - October 31 -
Western consumer groups unconvinced by China’s economic stimulus efforts
Falling sales for luxury, beauty and beer companies fuel doubts about Beijing’s attempts to boost confidenceBusiness - Financial Times - October 31 -
Trump hits three battleground states
Former President Donald Trump held campaign events in Pennsylvania, North Carolina and Georgia on Sunday. Nikole Killion reports.Top stories - CBS News - November 3 -
Trump and Harris make final push to break US election deadlock
Presidential candidates descend on Pennsylvania as polls in most crucial swing state show a dead heatBusiness - Financial Times - November 5 -
How violence became a theme of America’s election
Voters are on edge after a campaign season characterised by ‘unprecedented’ levels of extreme rhetoricBusiness - Financial Times - November 4 -
FirstFT: Bitcoin hits a record high
Also in today’s newsletter, Kremlin denies Putin spoke to Trump last week and America Inc’s new chief executiveWorld - Financial Times - November 11 -
Typhoon Man-yi Pounds the Philippines With Rain and High Winds
The storm, a Category 4, regained strength on Sunday afternoon.World - The New York Times - November 17 -
The rehabilitation of KPMG in the UK
The years of audit failings and regulatory fines at its UK business are over, but some worry the firm is still losing ground to rivalsBusiness - Financial Times - 5 days ago -
China’s Baidu joins Meta in race to make AI-integrated smart glasses
Launch comes as Chinese internet groups jostle for dominance in hardwareBusiness - Financial Times - November 13 -
US hits Russia’s Gazprombank with sanctions
Move in effect bans state-owned bank from global financial system in blow to payments for Moscow’s war effortBusiness - Financial Times - 2 days ago -
Mercedes-Benz and Porsche look for cost cuts after China slump hits profits
German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto marketBusiness - Financial Times - October 25 -
Beyoncé hits the campaign trail with Kamala Harris in Houston
Beyoncé joined Vice President Kamala Harris in Houston, Texas, while former President Trump spoke on Joe Rogan's podcast. NBC's Dasha Burns is in Detroit with more.Politics - NBC News - October 26 -
Mexico's Perez hits another bump in the road
Sergio Perez's self-proclaimed "terrible" season took another turn for the worse on Saturday.Sports - ESPN - October 27 -
Bozeman calls hit on Herbert 'one of dirtier plays'
Bradley Bozeman said what Nathan Shepherd did to Justin Herbert -- when Shepherd twisted and pulled down the QB long after he had thrown the ball -- was "probably one of the dirtier plays I've ever ...Sports - ESPN - October 28 -
Chile’s leftwing government hit by rape scandal
President Gabriel Boric’s flagging popularity falls further amid allegations against his former security secretaryBusiness - Financial Times - October 28 -
Trump hits 'nasty' Michelle Obama at Atlanta rally
Former President Trump attacked former first lady Michelle Obama during his rally in Atlanta on Monday, calling her “nasty” after Obama lobbed attacks at the former president while stumping for ...Politics - The Hill - October 28 -
FirstFT: Twin scandals hit PwC’s Asia profits
Also in today’s newsletter, the fallout from the Madison Square Garden rally and what happened to Project 2025?World - Financial Times - October 29