Elon Musk’s feud with President Donald Trump has reignited, with the tech billionaire threatening to launch a new political party, and Trump suggesting Musk could be punished for his opposition. Elon Musk’s feud with President Donald Trump has reignited, with the tech billionaire threatening to launch a new political party, and Trump suggesting Musk could…
Breaking down the lawsuit over HHS cuts Breaking down the lawsuit from 20 attorneys general over HHS cuts 04:07 A judge temporarily barred the Trump administration from carrying out sweeping cuts and layoffs at over a dozen government agencies late Friday, part of a massive federal cost-cutting drive led by Elon Musk’s Department of Government…
Since President Trump returned to office 100 days ago, Elon Musk has amassed vast power — leading the administration’s efforts to shutter government agencies and slash the federal workforce. Musk’s ruthless approach to leading the Department of Government Efficiency — epitomized by a speech in which the Tesla CEO brandished a chainsaw — has drawn…
In This Story Tesla (TSLA+1.13%) is set to report its first-quarter 2025 earnings after the bell today, amid a backdrop of significant challenges and investor scrutiny. Despite a 5% rise in shares during today’s trading session, the stock remains down approximately 40% year-to-date, reflecting concerns over declining sales, increased competition, and CEO Elon Musk’s political…
The Social Security Administration backed off its plan to cut phone services, but it’s still taking steps to limit the ways that people will be able to access information about the essential agency. The SSA plans to stop issuing communications through normal channels like press releases and will instead make statements exclusively on X. According…
FORT LAUDERDALE, Fla. (AP) — Top administration officials said Sunday that more than 50 countries targeted by President Donald Trump’s new tariffs have reached out to begin negotiations over the sweeping import taxes that have sent financial markets reeling, raised fears of a recession and upended the global trading system. The higher rates are set…
The Trump administration’s sweeping cuts to the federal bureaucracy have included slashing a little-known government agency that channels grant money to America’s libraries — a potentially crippling interruption to a funding lifeline for libraries around the country. One staff member at the Institute of Museum and Library Services sent grant coordinators a chilling email, obtained…
In the clearest sign that his most powerful adviser Elon Musk will be wrapping up his work inside the government, US President Donald Trump said on Thursday that Musk would likely leave his administration in a “few months”, an AP report said. Trump told reporters aboard Air Force One that “Elon is fantastic” but he…
WASHINGTON (Reuters) – Layoffs announced by U.S. employers surged in March to the highest level since the pandemic recession as the government purged federal workers and contractors to slash spending. Global outplacement firm Challenger, Gray & Christmas said on Thursday that planned job cuts increased 60% to 275,240 last month, the highest level since May…
Drastic shifts in US scientific research policy and funding since President Donald Trump’s return to power could trigger a mass exodus of scientific talent, with three-quarters of respondents to a recent poll indicating they were considering leaving the United States. The survey by British scientific journal Nature carried out earlier this month found that 1,200…