What will happen if president needs money?Seek to cozy up to billionaires!Trump team has only half the cash of the Biden team?Trump and his team are actively seeking more major donors to bolster their financial strength in the upcoming election against President Biden.According to information disclosed by both the Trump and Biden campaign teams, as of February, Trump's team had about $30 million in cash on hand, while Biden's campaign had about $56 million in cash as of the end of January. Will billionaire Elon Musk help Trump turn the tide?Former President Donald Trump met with one of the world's richest individuals, Elon Musk, and several other wealthy Republican donors in Florida to raise campaign funds.According to Forbes, Musk's net worth is around $200 billion. If Musk
"Super Tuesday" Q&As: All About Presidential Nominating Contests
The US presidential election is scheduled for November 5, 2024, and March 5 is the crucial primary election day known as "Super Tuesday," when 15 states and one overseas territory will hold Republican primary elections.Donald Trump is once again running for President of the United States. The series of votes on "Super Tuesday" will determine whether Trump can defeat his opponent Nikki Haley to become the Republican presidential nominee and challenge the incumbent President Joe Biden, who is seeking reelection.What is "Super Tuesday"?• "Super Tuesday" is the busiest day of the US presidential primary elections, with 15 states and 1 US territory holding primaries for both parties simultaneously. Alaska only holds Republican primaries, while American Samoa only holds Democratic primaries.• Tr
Bulls and Bears on Wall Street: A Chronological Odyssey of Market Swings
Witness history! $S&P 500(.SPX)$ hits record high, U.S. stock market officially enters bull market on last Friday.In the vivid tapestry of the stock market, the terms "bull market" and "bear market" trace their roots to a fascinating origin. Picture a vibrant Wall Street where market trends emulate the behaviors of two powerful animals: the bullish charge and the bearish retreat.A look at bear and bull markets through historyThe Bull Market: An 18th Century AscentIn the 18th century, traders discerned a correlation between rising markets and increased profits, birthing the term "bull market." Bulls, with their upward-thrusting horns, became the symbol of the ascending surge in stock prices.Fast forward to the roaring twenties—a golden era for
On January 15, 2024, the US presidential election kicked off, and Donald Trump took the lead in winning the Iowa primary.Who's running to be the next US president? What important points that US equity investors should consider in election years? 1. $S&P 500(.SPX)$ performances under Democrats vs RepublicansFrom 2021 to 2024, during the Biden’s Democratic administration, as of January 15, $S&P 500(.SPX)$ had a 3-year growth of 26.7%. Chatgpt helped me calculate that the average annual growth rate is approximately 8.7%.This is lower than the average annual growth rate of 11.3% under Obama and the Democratic administration (2009-2017). It is also lower than Trump’s 13.6% during the Republican adminis
India Market Tops $4 Trln Market Cap! How Does That Happen?
On Dec. 6th, the market cap of the India stock market surpassed $4 trillion, ranking only behind the United States, China, and Japan. The NSE Nifty 50 index, a major benchmark in India, hit a new high with a surge of over 13% this year and is poised to achieve its 8 straight year gains.Why is the performance of India’s stock market so impressive?Strong economic growthThe stellar performance in the India stock market closely follow India's economic growth, truly becoming an indicator of economic conditions.India's economic activity remained robust this year, standing out amidst a global economic slowdown.Faster GDP growth than USAnalysts attribute the rapid economic growth partly to the continuous improvement in India's per capita GDP. In 2022, India's per capita GDP reached $2388.6, a 27.7
Charles Feeney, Who Made a Fortune and Then Gave It Away, Dies at 92
After piling up billions in business, he pledged to donate almost all of his money to causes before he died. He succeeded, and then lived a more modest life.Charles F. Feeney, a pioneer of duty-free shops and a shrewd investor in technology start-ups who gave away nearly all of his $8 billion fortune to charity, much of it as quietly as he had made it, died on Monday in San Francisco. He was 92.His death was announced by the Atlantic Philanthropies, a group of foundations he had started and funded since the early 1980s. He lived in a modest rented apartment in San Francisco.In December 2016, with his donation of $7 million to his alma mater, Cornell University, for student community-service work, Mr. Feeney officially emptied the Atlantic Philanthropies’ accounts. It also fulfilled his ple
Is Wall Street controlled by Jews? Check the wealthy Jewish families and their industries
Information about the Israeli-Palestinian conflict has dominated the headlines, expanding to include religious conflict, economic and cultural conflict, and even changes in the geopolitical relationship between Israel and Palestine.Aside from the identity of the Holy Land of Faith, Israel has many labels, such as the second largest technology "Silicon Valley" in the world --- the number of companies listed on the $NASDAQ(.IXIC)$ is the highest in all of Europe combined, after the United States.There are more than 6,000 technology startups in Israel, more than the Silicon Valley of the United States, which ranks first in the world.At the end of 2022, Israel's total population was 9,656,000, of which Jewish accounted for 73.6%, Arab 21.1%, and othe
Singapore Transport Minister Implicated in Corruption Case, Any Comment?
Singapore was rocked by news that a cabinet minister and a property tycoon were arrested in one of the most serious graft cases in nearly four decades.Allegations of corruption and other misconduct by senior ruling party officials are rare in Singapore. Do you have any comments on this investigation?Speculation about the investigation rippled through social media, and the local officials rushed to reiterate their zero-tolerance stance on graft and assure citizens they would conduct a thorough investigation. www.cpib.gov.sgSingapore Prime Minister Lee Hsien Loong said on the Facebook on 12th that he had instructed Transport Minister S. Iswaran to take leave of absence until the investigation is completed.Facebook of Lee Hsein LoongBrief introduction of S.Iwaran: Born in 1962, Indian ethnici
Net Worth of Top 10 US Billionaires: Zuckerberg's Asset Increased 135%
The US stock market has been hot this year, with a surge of over 15% in the first half of 2023. Both retail and institutional investors have made money, including many of the world's wealthiest billionaires. In 2022, the market experienced a decline of about 20%, leading to a significant decrease in the wealth of many US billionaires who held substantial amounts of company stocks. However, they have not only recovered their losses but also seen a substantial increase in their net worth.According to Bloomberg's Billionaires Index as of July 5th, the net worth and year-to-date changes for the top ten billionaires are as follows:Among the ten investors listed above, nine of them, excluding Arnault, reside in the United States. The world's richest person, Elon Musk, has a net worth of $248 bil