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Nancy Pelosi denies giving her husband stock trading tips

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U.S Speaker, Pelosi says “absolutely not” when asked if her venture capitalist husband trades stock using information she provides

Nancy Pelosi, the Speaker for the U.S House of Representatives, is denying that her venture capitalist husband trades on the stock market, using information she provides.

In a press conference, Pelosi responds with “absolutely not” to a reporter questioning if her businessman husband has ever traded using information he had received from her.

Since 2021 alone, her husband, Paul Pelosi, has invested millions of dollars into 19 different companies, reportedly making tens of millions in stock already.

This is common practice for Mr Pelosi who typically trades tens of millions worth of stock and stock options every year. This is according to Nancy Pelosi’s congressional financial disclosures.

Paul Pelosi is a successful American businessman, who owns and operates Financial Leasing Services, Incorporated, a real estate and venture capital investment and consulting firm.

Despite Nancy Pelosi’s claim, congress is still currently debating whether they and their spouses should even be allowed to trade individual stock.

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ASX positioned for strong start after positive stock rebound

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Elon Musk is projected to become the world’s first trillionaire

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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Treasury Secretary believes the U.S. are on track for a “safe landing”

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Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending

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