China faces a tall order in its efforts to catch up to Elon Musk’s SpaceX satellite service.SpaceX’s Starlink already has nearly 7,000 operational satellites in orbit and serves around 5 million customers in more than 100 countries, according to SpaceX. The service is meant to offer high-speed internet to customers in remote and underserved areas.SpaceX hopes to expand its megaconstellation to as many as 42,000 satellites. China is aiming for a similar scale and hopes to have around 38,000 satellites across three of its low earth orbit internet projects, known as Qianfan, Guo Wang and Honghu-3.Aside from Starlink, European-based Eutelsat…
Author: usaeverydaylife
Warren Buffett’s Berkshire Hathaway is wrapping up a particularly strong year, even as the Oracle of Omaha paused buybacks and sold chunks of top holdings before their big rallies. Class A shares of the Omaha-based conglomerate have climbed 27% in 2024, slightly outperforming the S & P 500. Berkshire, whose shares have exceeded the $700,000 threshold, is on track to post its best year since 2021 and its ninth positive year in a row. BRK.A YTD mountain Berkshire Hathaway The 94-year-old legendary investor made a slew of head-turning moves during the year. On the top of the list was aggressively…
Do you smile every time you hear a specific song, or light up when you see a certain old friend? Those are both what I like to call happiness sparks. We need them now more than ever to thrive despite challenges, distractions, and overwhelming current events. Unfortunately, as I wrote in my recent book, “The Mentally Strong Leader,” there are some days when these moments are hard to come by. The key is to bring more happiness sparks into your life — not by chance, but by choice. It takes mental strength and discipline to adopt perspectives and make choices that can help…
Easterly Government Properties is already feeling the heat. Its stock is down 12% since the U.S. presidential election, as investors fear its business will take a big hit once the Department of Government Efficiency gets down to work. Trading under the stock symbol DEA, the company operates 100 government leases across the country, and 98% of its revenue comes from those buildings. DOGE, as the advisory council being led by entrepreneurs Elon Musk and Vivek Ramaswamy is more commonly known, aims to slash $500 billion dollars in federal spending. “People have to understand our properties serve parts of the government…
Investor confidence in Chinese earnings’ growth remains the missing ingredient to drive a sustained stock market rally in the world’s second-largest economy, already barraged by government stimulus measures and the overhang of U.S. tensions. “For Chinese equities to meaningfully outperform, we need to see the policy announcements result in an actual easing of deflationary pressures and a rebound in corporate earnings, both of which will take time,” Aaron Costello, head of Asia at Cambridge Associates, said in an email Thursday. The CSI 300 index dipped 1% last week, tumbling 2.4% on Friday alone, after Beijing reaffirmed plans for increasing the…
Pavlo Gonchar | Lightrocket | Getty ImagesAmid concerns over elevated valuations in the U.S. stock market, there are several stocks that continue to look attractive based on the future growth potential they promise.To pick such stocks, investors can track the recommendations of Wall Street experts, who perform in-depth analysis to offer useful insights about a company’s strengths and growth opportunities.Here are three stocks favored by the Street’s top pros, according to TipRanks, a platform that ranks analysts based on their past performance.GitLabWe start this week with GitLab (GTLB), an artificial intelligence-powered company that offers software development tools. The company recently reported…
Financial planning. Budgeting. Expense tracking. Profit and loss analysis. Data analysis. Spreadsheet software. Productivity. Efficiency. Financial literacy. Personal finance. Business finance.Natalia Gdovskaia | Moment | Getty ImagesAs Adinah Caro-Greene maps out her financial future, there’s a variable that may have held less weight for previous generations: her child.The employee benefits broker said she’s seen how rising education, housing and health-care costs have created economic challenges for her Gen Z son and his peers. Part of the Bay Area resident’s long-term financial goals is to fully pay off a rental property that he can inherit and potentially live in.”It’s uniquely hard…
A briefcase filled with Iranian rial banknotes sits on display at a currency exchange market on Ferdowsi street in Tehran, Iran, on Saturday, Jan. 6, 2018.Ali Mohammadi | Bloomberg | Getty ImagesThe Iranian currency extended its fall on Saturday, hitting a new all-time low against the U.S. dollar amid uncertainties about Donald Trump’s imminent arrival in the White House and tensions with the West over Tehran’s nuclear program.The rial plunged to 756,000 to the dollar on the unofficial market on Saturday, compared to 741,500 rials on Friday, according to Bonbast.com, which reports exchange rates. The bazar360.com website said the dollar…
Car transporters are loaded with new Tesla Model Y electric vehicles at the Tesla Gigafactory Berlin-Brandenburg site. Patrick Pleul | Picture Alliance | Getty ImagesThe Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk’s Tesla, according to a document seen by Reuters, a move that could cripple the government’s ability to investigate and regulate the safety of vehicles with automated-driving systems.Musk, the world’s richest person, spent more than a quarter of a billion dollars helping Trump get elected president in November. Removing the crash-disclosure provision would particularly benefit Tesla, which has reported most of the…
A protester holding a cardboard reading “Leader of insurgents” on an image depicting the face of South Korea’s President Yoon Suk Yeol takes part in a protest calling for his ouster outside the National Assembly in Seoul on December 8, 2024. Philip Fong | Afp | Getty ImagesSouth Korea’s acting president, Han Duck-soo, moved on Sunday to reassure the country’s allies and calm financial markets a day after President Yoon Suk Yeol was impeached and suspended from his duties over a martial law attempt.Han spoke with U.S. President Joe Biden by phone, the White House and Han’s office said.”South Korea will carry out its foreign and security…
