Obama: Dodd-Frank act protected people on 'Main Street'
On the 10th anniversary of the Dodd-Frank Act, which former President Barack Obama's administration helped enact in his first term, Obama on Tuesday said the act protected Americans from being devastated by Wall Street "ever again."
Former President Barack Obama threw some geographic shade at the Trump administration in an interview with Stephen Colbert on Tuesday. Business Insider reports Obama praised President-elect Joe Biden's foreign policy picks for the incoming administration. Obama said that he was looking forward to seeing an administration where people 'know where countries are.' In June 2017, President Donald Trump reportedly mispronounced Nepal and Bhutan as "Nipple" and "Button.
Tesla may be the new kid on the block in the auto industry, but it's quickly become a big kid on Wall Street. The electric-car maker's shares continued to climb more than 4% on Tuesday. This increases the company's total market value above $500 billion for the first time. The milestone comes on the heels of a banner year for Tesla's stock, says CNN. Tesla recently upgraded facility now has the capacity to build 500,000 Model Y and Model 3 sedans a year.