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Biden warns of tech oligarchy; who are the richest Americans?

January 16, 2025 by admin

In President Joe Biden’s farewell speech Wednesday, he warned of the dangers of an oligarchy of the rich gaining power. “Today, an oligarchy is taking shape in America of extreme wealth, power and influence that really threatens our entire democracy, our basic rights and freedom,” said Biden. Biden, 82, referred to these billionaires as a … Read more

Dow jumps 700 points, Nasdaq soars 2.5% after cool CPI reading

January 16, 2025 by admin

US stocks ripped higher on Wednesday as high hopes for bank earnings paid off and a crucial consumer inflation update showed key prices increased less than expected in December. The benchmark S&P 500 (^GSPC) popped more than 1.8%, while the Dow Jones Industrial Average (^DJI) rose more than 1.6%, or over 700 points. Meanwhile, the … Read more

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