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Elon Musk"s wealth has crashed by over $160 billion from its peak as Tesla"s problems pile up
Tesla stock has tanked by more than 60% since late 2021, slashing Elon Musk's fortune from $340 billion at its peak to below $180 billion. Elon Musk is CEO of Tesla.Brendan Smialowski/AFP/Getty ImagesTesl.....»»
These are the Poorest Cities in Every State
America is a country that is known for its stark inequality in income. The richest part of the population (top 1%) owned 32.3% of the nation’s wealth, according to a report in 2022. This is in stark contrast to the bottom 90% which holds.....»»
There"s a wealth gap even between millionaires, and it says a lot about growing inequality
Those worth $15 million to $30 million comprise just 16% of very high net worth millionaires, but hold 32% of the cohort's wealth, per Wealth-X. The wealth gap even at the top shows just how .....»»
American billionaires added $1.62 trillion to their wealth over the last 13 months
"We're going to come out of the pandemic another degree of more unequal," Chuck Collins, director of the Program on Inequality at IPS, said. Tesla C.....»»
A Nobel-prize winning economist says the wealthy will just find a way to dodge any wealth tax
One issue with taxing the ultrawealthy to pay for pandemic losses is they may just avoid the tax. Inequality expert Angus Deaton says .....»»
Elizabeth Warren"s new wealth tax bill would have raised $114 billion from billionaires in 2020
The Biden administration has said a wealth tax would be difficult to implement, but progressives keep proposing it as inequality worsens. Sen. Elizabeth Warren has continually advocated for a wealth tax. Graeme Jennings-Pool.....»»
: Big Tech is swallowing the rest of Silicon Valley
Silicon Valley's deepening descent into wealth inequality is particularly stark when comparing Big Tech with the San Francisco Bay Area's small businesses......»»
NewsWatch: Big Tech is swallowing the rest of Silicon Valley
Silicon Valley's deepening descent into wealth inequality is particularly stark when comparing Big Tech with the San Francisco Bay Area's small businesses......»»
Sign of inequality: US salaries recover even as jobs haven’t, showing how economy ‘really tanked for the most vulnerable’
In a stark sign of the eco.....»»
Hedge-fund billionaire Ray Dalio fears the GameStop frenzy was really about wealth inequality
"The system doesn't work for most people, and so it needs to be reengineered otherwise we're gonna have a civil wa.....»»
Elizabeth Warren says the stock market has become a "playground for the billionaires". She"s calling for a wealth tax to fix it.
Sen. Elizabeth Warren of Massachusetts said the stock market is not reflective of the real economy, and a wealth tax would combat wealth inequality. Sen. Warren questions the head of the Consumer Financial Protection Bureau in 2014. Chip S.....»»
Biden administration brings a new focus on housing policies
Proposals run the gamut addressing affordability, supply and wealth inequality......»»
Billionaires made $3.9 trillion during the pandemic - enough to pay for everyone"s vaccine
The increase in wealth of the 10 richest billionaires could pay for everyone worldwide to get the COVID-19 vaccine, per an Oxfam report on inequality. In this June 6, 2019, file photo Amazon CEO Jeff Bezos speaks at the the Amazon re:.....»»
The US should copy Argentina and pass a new tax on the wealthy to help deal with the COVID crisis
The US, despite being one of the wealthiest countries in the world, has terrible wealth inequality. A wealth tax like Argen.....»»
In One Chart: As the U.S. stock market surges in 2020, inequality has soared to a record high
As stocks staged a huge rebound from their lows in March, when the coronavirus pandemic threw the economy into recession, the gap between the wealthy and the poor extended a widening trend to historic proportions......»»
Coronavirus crisis a window of opportunity for bankers to the rich
When markets slumped in March as the spread of coronavirus gathered pace, wealth managers' trading volumes soared as ultra rich clients reshuffled their portfolios......»»
Hedge fund manager to lead Norway sovereign fund after $124 billion loss
Norway's sovereign wealth fund, the world's largest, named a London-based hedge fund manager as its new chief executive on Thursday and said it had lost $124 billion this year as stock markets tanked due to the coronavirus pandemic......»»
Billionaires have more wealth than 60% of the world"s population, report finds
A new report found that the world’s 2,153 billionaires have more wealth than 4.6 billion people, underscoring the degree of global inequality......»»
U.N. warns that runaway inequality is destabilizing the world’s democracies
The report is unusually clear-eyed in acknowledging that the distribution of wealth and power is a zero-sum game......»»
I woke up without an alarm clock for a week and my fitness and productivity soared
Business Insider Deutschland Social jetlag is a condition that arises partially as a result of having to rise at an "unnatural" time during .....»»