Good news Wednesday and stocks come through. Dow was up but the S&P and NASDAQ hit all time highs.
More details on the NFIB numbers.
Redbook retail sales slipped.
A friend who uses flat steel in his business emailed me yesterday that prices on flat steel have gone from .30 per pound to .50 per pound in the past few months and it looks like it is headed higher. Don't worry there is no inflation.
Elon Musk is in the news for several reasons: 1) Tesla is going to issue and sell more stock. 2) FCC awards Musk's SpaceX / Starlink $886 million in subsidies. 3) Elon Musk moves his residence to Texas. Quote from the article:"Taking up residence in Texas comes with personal benefits for Mr. Musk: The state doesn’t collect state income or capital-gains tax for individuals. The auto executive qualified this year for billions of dollars in stock-option compensation as part of a pay-package agreement, making him the second-richest person in the world."