Prices rose less than expected in November, the latest sign that the runaway inflation that has been gripping the economy is beginning to loosen up.
The consumer price index, which measures a wide basket of goods and services, rose just 0.1% from the previous month, and increased 7.1% from a year ago, the Labor Department reported Tuesday. Economists surveyed by Dow Jones had been expecting a 0.3% monthly increase and a 7.3% 12-month rate. (our emphasis)
Migrant caravans! Drag queens! Hunter's laptop! Look over there!
New 2024 Republican front runner:
Republican support for Donald Trump's presidential bid in 2024 has cratered, an exclusive USA TODAY/Suffolk University Poll finds, as the former president is beleaguered by midterm losses and courtroom setbacks.
By 2-1, GOP and GOP-leaning voters now say they want Trump's policies but a different standard-bearer to carry them. While 31% want the former president to run, 61% prefer some other Republican nominee who would continue the policies Trump has pursued.
They have a name in mind: Two-thirds of Republicans and those inclined to vote Republican want Florida Gov. Ron DeSantis to run for president. By double digits, 56% to 33%, they prefer DeSantis over Trump. (our emphasis)
So basically David Duke Trump without the baggage (referencing this).
Elon Musk is no longer the wealthiest person in the world, thanks to the plummeting price of Tesla shares, which dragged the serial entrepreneur into second place.
Musk, CEO of Tesla and Twitter, saw his net worth overtaken by that of French billionaire Bernard Arnault on Monday, according to data from Forbes.
Arnault is the chairman and CEO of luxury goods maker LVMH and has a net worth of $187.1 billion, Forbes’s Real-Time Billionaires List showed on Tuesday morning.
Musk, meanwhile, lost $7.4 billion on Monday—around 4% of his total net worth, according to the ranking, which Forbes says puts his fortune at $181.3 billion.
Musk’s wealth is largely tied to Tesla shares, which shed around 6.3% of their value by the closing bell on Monday. At the beginning of the year, Forbes valued Musk’s net worth at $304.2 billion—meaning his fortune has plummeted by an amount that exceeds the wealth of Amazon founder Jeff Bezos, who sits in fourth place on Forbes’s ranking. (our emphasis)
A measly $181.3 billion and falling, with Tesla leading the crash. To wit we recall those famous last words (borrowed from Steve Martin): "Tesla autopilot, engage!"
