U.S. Economy

Elon Musk Sees Problem Not in Too Many Teslas, but in Too Few Buyers

Tesla and SpaceX CEO Elon Musk wants people to have more babies. “There are not enough people,” Musk told a Wall Street Journal event this week.

Tesla and SpaceX CEO Elon Musk wants people to have more babies. “There are not enough people,” Musk told a Wall Street Journal event this week. “I can’t emphasize this enough, there are not enough people,” he said.

The tech billionaire said low and rapidly declining birth rates are “one of the biggest risks to civilization.” His comments come as a growing number of people are deciding not to have children, citing concerns such as climate change and inequality.

According to the Centers for Disease Control, the U.S. birthrate fell by 4 percent in 2020 — hitting a record low. People are having fewer children than the 2.1 needed to maintain a steady population. That's been true for years across all national communities.

Investing Ideas

Some Prominent Analysts Reiterate that Healthcare Sector is “The Place to Be”

On CNBC's "Options Action: The Final Call," Carter Braxton Worth said healthcare is “the place to be” and named Health Care Select Sector SPDR Fund.

International

Inflation Continues to Beat Forecast in Great Britain, but BoE Has Hundred Reasons Not to Hike Immediately

According to the British ONS, UK inflation hit a decade high of 5.1% in November.

U.S. Economy

Big Companies’ CEOs Spotted Selling Their Shares Before Net Investment Income Tax Rules Come into Effect

Top executives and the company leaders like the Waltons, Mark Zuckerberg, and Google’s co-founders have sold $63.5 billion worth of stakes in their companies through November, up 50% from 2020.