Newsletter Oct 8, 2024
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Markets
DJIA 41,954.24 -0.94%
S&P 500 5,695.94 -0.96%
Nasdaq Composite 17,923.90 -1.18%
Japan: Nikkei 225 38,897.14 -1.11%
UK: FTSE 100 8,303.62 0.28%
Crude Oil Futures 75.82 -1.71%
Gold Futures 2,661.90 -0.15%
Yen 147.93 -0.17%
Euro 1.10 0.09%
* As of market close

 
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Biden seeks to reopen nuclear power plants

President Joe Biden wants to meet the surging demand for electricity by reactivating decommissioned nuclear power plants, his climate adviser, Ali Zaidi, said Monday. Two projects are planned at the Palisades nuclear plant in Michigan and the Three Mile Island plant in Pennsylvania, where a partial reactor meltdown in 1979 remains the worst nuclear accident in American history. Biden has called for a tripling of U.S. nuclear power capacity by 2050 as part of a global push to fight climate change by reaching net-zero carbon emissions.

SEE WHY ENVIRONMENTALISTS ARE ON BOARD WITH NUCLEAR



National debt will rise regardless of election

The national debt of the US is projected to balloon significantly over the next decade, regardless of whether Vice President Kamala Harris or former President Donald Trump wins the 2024 election, a report by the Committee for Responsible Federal Budget showed. Under a low-cost estimate, proposals by Democratic presidential candidate Harris would be roughly deficit-neutral, while Trump's plan would add about $1.45 trillion to the debt between 2026 and 2035, largely due to tax cuts.

CRUNCH NUMBERS ON WHICH ONE IS BETTER FOR ECONOMY


Will Tesla's robotaxi rollout live up to hype?

After years of hyping Tesla's prowess on autonomous driving, CEO Elon Musk is set to host a robotaxi event amid a mix of anticipation and skepticism. Musk has offered few details about what will be unveiled at Thursday's event, dubbed "We, Robot," which will take place at Warner Brothers studio in Los Angeles. Tesla watchers expect the company to reveal a prototype of its robotaxi, intended for autonomous transport.

IS TESLA READY TO RIVAL GOOGLE'S MAYMO, GM'S CRUISE?


Extra point

Elon Musk is CEO of Tesla but technically not the founder? Name the two original co-founders of the company and the year they launched it.

Monday's answer: Marvel Cinematic Universe is the most successful movie franchise, grossing more than $30 billion in total and placing nine of its 12 releases in the top-10 grossing movies of all time. The only other franchise to make more than $10 billion was Star Wars.

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