Elon Musk says he’ll donate $6 billion to end world hunger – but is it enough?

Published

4 years ago

November 1, 2021

Would $6 billion be enough to end the world hunger crisis?

Elon Musk says he’s willing to sell Tesla stock to donate to the UN, if the agency can prove how the money will be spent to end the global hunger crisis.

A United Nations official earlier claimed that just 2 percent of the entrepreneur’s income could solve world hunger.

‘If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it,’
Musk, the world’s richest man, tweeted Sunday.

$36 billion in one day – @elonmusk's net worth increase due to a @Tesla / @Hertz deal. Congratulations, Elon! 1/6 of your one day increase would save 42 million lives that are knocking on famine's door. Unprecedented crisis. Unprecedented wealth. Help!! https://t.co/n4hfpl5NRE
— David Beasley (@WFPChief) October 28, 2021

Musk added however, that the World Food Programme (WFP) must publicly disclose how they are utilising his funds.

Since Beasley’s initial tweet requesting for donations from Musk – Musk’s net worth has grown to more than $300billion.

The $6billion Beasley requested would be approximately 2 percent of Musk’s income and less than the $9.3billion his wealth increased on October 29 alone.

Musk is now worth over $100billion more than the second-richest person on earth, Jeff Bezos.

Markets edge higher as 10-year yields hit new highs

Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.

Published

21 hours ago

January 19, 2026

Harvey Vargas

Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.

All major stock indices are starting the week slightly higher, giving investors cautious optimism. Analysts are keeping an eye on movements in small caps and mega-cap tech stocks amid these early gains.

The yield on the 10-year Treasury note has climbed to 4.23%, the highest since last September. This follows Kevin Warsh emerging as the frontrunner for the next Federal Reserve Chair, sparking speculation on future monetary policy.

Rising yields could trigger a pullback in small-cap stocks, while investors may pivot toward mega-cap tech, expected to deliver strong earnings growth. Overall, the market is likely to see a neutral to slightly bearish trend next week due to overbought conditions.

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#StockMarket #FinanceNews #TreasuryYields #FederalReserve #TechStocks #SmallCaps #InvestingTips #MarketUpdate

Money

Commodities surge as oil volatility and metals hit record highs

Oil prices fluctuate due to geopolitical tensions; precious metals soar amid inflation concerns, sparking a commodities rally.

Published

3 days ago

January 16, 2026

Harvey Vargas

Oil prices fluctuate due to geopolitical tensions; precious metals soar amid inflation concerns, sparking a commodities rally.

Global commodities are on the move, with oil prices swinging sharply as geopolitical tensions involving Iran fuel uncertainty across energy markets. Traders are closely watching supply risks and political flashpoints, driving short-term volatility.

Precious metals are stealing the spotlight, pushing to record highs as investors seek safety amid inflation concerns, interest-rate uncertainty and rising global risk. At the same time, industrial metals are surging, supported by demand expectations and tightening supply.

To unpack what this means for markets and investors, we’re joined by Kyle Rodda from Capital.com to break down the key drivers behind this powerful commodities rally.

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#Commodities #OilPrices #Gold #Metals #MarketVolatility #Geopolitics #Investing #TickerNews

Money

Stocks slide and Trump cancels talks: What’s next for markets and Greenland?

U.S. stocks dip; S&P 500 down 0.9%, as investors react to weak bank earnings and market volatility.

Published

5 days ago

January 15, 2026

Harvey Vargas

U.S. stocks dip; S&P 500 down 0.9%, as investors react to weak bank earnings and market volatility.

U.S. stocks fell for a second day on Wednesday, with the S&P 500 dropping 0.9% and the Dow Jones losing 164 points. Investors are reassessing record-high levels as major banks report weaker-than-expected earnings.

Wells Fargo shares tumbled more than 5% after disappointing revenue results, while Bank of America is down roughly 7% week to date. Citigroup and Wells Fargo have both seen declines of about 8%, highlighting volatility in the banking sector.

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#StockMarket #SP500 #DowJones #BankEarnings #TrumpNews #Iran #Greenland #Geopolitics