News list for " Trillion Dollars"
Elon Musk's aggressive efforts to improve efficiency failed to prevent the U.S. federal government from increasing its spending to a record $603 billion last month, compared with just $296 billion in taxes, according to new data from the U.S. Treasury, highlighting the Trump administration's difficulties in slashing the size of government. This resulted in a budget deficit of $307 billion for the month, meaning that the US government received less than the deficit in all its tax revenues in Febr...
The three major stock indexes of the US stock market continued to fall on the 10th. Among them, the market value of the S & P 500 Index has fallen by about 8.6% since it hit a record high on the 19th of last month, and the market value has evaporated by 4 trillion US dollars. According to US media, investors are worried that the US tariff policy will trigger the US economic recession, which is the main reason for the continued decline of US stocks.
According to The Kobeissi Letter, since reaching a record high on December 16, 2024, the cryptocurrency market has lost $1.30 trillion in market capitalization, a drop of 33%, equivalent to an average daily loss of $15.50 billion for 84 consecutive days. The Kobeissi Letter notes that this marks the largest three-month market cap correction in cryptocurrency history, and the total value of the cryptocurrency market has now fallen to its lowest level since November 6, 2024.
On March 10, according to Solid Intel's monitoring, US technology stocks generally fell today. Strategy $MSTR: -14% Tesla $TSLA: -8% Palantir $PLTR: -7% Alphabet $GOOGL: -5% Meta $META: -4%; NVIDIA $NVDA: -4% Amazon $AMZN: -3% Netflix $NFLX: -3% Microsoft $MSFT: -2%
Thaler said that by establishing a clear regulatory framework for digital assets, the U.S. could unlock up to $100 trillion in economic value over the next decade. He divided digital assets into four categories: digital tokens, digital securities, digital currencies, and digital goods, with Bitcoin falling into this category. Thaler suggested that by 2035, the United States should receive 5% -25% of the total bitcoin supply, thus generating $16 to $81 trillion in revenue by 2045.
NVIDIA (NVDA. O) shed $1 trillion from its all-time high and is down 1.7 percent. The S & P 500 extended its decline to 1 percent.
Investment Company Institute (ICI): U.S. money market assets rose to $7.03 trillion, a record high.
Investment Company Institute (ICI): U.S. money market assets rose to $7.03 trillion, a record high.
According to Token Terminal data, Uniswap's historical cumulative transaction volume has exceeded $2.50 trillion. Since 2021, Uniswap's transaction volume has steadily increased, a milestone that further solidifies its position as the core infrastructure of the DeFi ecosystem.
NVIDIA (NVDA. O) rose more than 3%, intraday market value returned to $3 trillion.
NVIDIA (NVDA. O) extended its decline to 6%, and its market value fell below the $3 trillion mark.
Tesla (TSLA. O) fell below $1 trillion in market value and shares fell 6%.
On February 25th, most of the S & P 500's gains over the past two years have been driven by the seven largest companies (Apple, Nvidia, Microsoft, Alphabet, Amazon, Meta, and Tesla), which have had a rocky start to 2025, falling into correction territory and wiping about $1.40 trillion off their market capitalization. The Bloomberg "Big Seven" index has fallen about 10% from its December high. Tesla led the decline with a drop of more than 25% for the year, followed by Microsoft and Alphabet. Te...
Most of the S & P 500's gains over the past two years have been driven by the seven largest companies (Apple, Nvidia, Microsoft, Alphabet, Amazon, Meta and Tesla), which have had a rocky start to 2025, falling into correction territory and erasing about $1.40 trillion in market value. The Bloomberg Big Seven index has fallen about 10% from its December high. Tesla led the way with a drop of more than 25% for the year...
Federal Reserve Chairperson Jerome Powell said that even if the Department of Government Efficiency cuts spending by $1 trillion, it's hard to tell how that will affect the economy.
7x24 Newsflash
Hot News
