Economics impacts our lives every day. Check out some of the top storylines from this past week related to economics. More

Shares of Tesla, Inc. increased to a record high. Tesla joins the S&P 500 today and funds that model the S&P 500 purchased 1.7 billion shares just before the markets closed on Friday, according to an article in The Wall Street Journal. Tesla's share price increased $39.10 to $695, which boosted its market capitalization to over $628 billion, the highest in the automotive industry. In July 2017 we published Tesla - 4 Points You Should Consider Before Buying Its Stock or Car. We have updated the blog in light of the growth in Tesla and its inclusion in the S&P 500. More

Thank God for the vaccines! All of us are extremely grateful to all who contributed to developing a COVID-19 vaccine in record time. It will save thousands of lives and signal the beginning of an economic recovery for many. But COVID-19 still threatens the US economy. Without renewed help, many families will suffer and the impact would reverberate throughout the economy. It is true that many people have benefited. For example, the Federal Reserve reported that the net worth of the average household has grown to record levels, thanks to record highs in the stock market and appreciating home values. However, much of the gain has resulted from unsustainable government borrowing and spending. Reduced demand would eventually cripple the economy by not only slowing hiring but it would also lower profits. More

Economics impacts our lives every day. Check out some of the top storylines from this past week related to economics. More