Nvidia will report earnings next week. (Photo by Justin Sullivan/Getty Images) Getty Images Key Takeaways Stocks Declined As Markets Await Key Earnings And Economic Reports Next Week Walmart Fell Despite Beating Earnings Due To Disappointing Forward Guidance Investors Eye Nvidia Earnings Amid Growing AI Spending Uncertainty Stocks were down on Thursday with the S&P 500…
A nonpartisan watchdog group is suing President Trump, the Department of Government Efficiency and the DOGE administrator over the claim that DOGE is not subject to public records requests because it is shielded by the Presidential Records Act, or PRA. Under the PRA, DOGE’s records could be sealed for up to 12 years after Mr….
More than 10% of the staff working for the federal Substance Abuse and Mental Health Services Administration were fired this month as part of the government-wide cuts to recently hired federal workers ordered by Elon Musk’s Department of Government Efficiency, or DOGE, task force. The cuts amounted to around 100 probationary workers, multiple current and…
Ed Martin, the acting U.S. attorney for the District of Columbia, revealed he has opened inquiries into public statements of Sen. Chuck Schumer, the Democratic leader in the U.S. Senate, according to an internal memo to federal prosecutors in Washington. The inquiry will also review a public statement made by Rep. Robert Garcia, a…
President Trump on Wednesday said he’s considering using 20% of the savings from Elon Musk’s cost-cutting task force, the Department of Government Efficiency, or DOGE, to provide direct payments to taxpayers. But economists and policy experts across the political spectrum expressed skepticism about the feasibility of such a “DOGE dividend.” “We’re thinking about giving 20%…
Over 3,500 Internal Revenue Service employees are expected to be terminated by the end of this week, according to the text of an email obtained by CBS News and shared by an IRS employee. The email was sent to managers of the IRS Small Business/Self-Employed Division Wednesday, and it says that the affected SBSE employees…
After repeated delays, the Department of Government Efficiency on Monday released a “wall of receipts” — what it characterized as documentation of the money saved by the slashing cuts to jobs and contracts pushed by Elon Musk’s team at DOGE over the past several weeks. The initial accounting was overstated by billions of dollars, a…
The U.S. Department of Agriculture said it is trying to rehire bird flu experts that the agency accidentally fired as part of its efforts to cut costs based on recommendations from the Department of Government Efficiency, or DOGE. “Although several positions supporting [highly pathogenic avian influenza] were notified of their terminations over the weekend, we…
That’s one way to pump up your numbers. Elon Musk’s Department of Government Efficiency erroneously claimed a savings of $8 billion on a terminated contract this week that was actually worth just $8 million. That gaffe sheds off about 15 percent of its claimed total savings to date, which the group claimed was $55 billion…
Billionaire Elon Musk’s role in the Trump administration is to find ways to cut costs through the newly created Department of Government Efficiency, or DOGE. But a new court filing from the White House states that the Tesla CEO isn’t an employee of DOGE, adding that Musk “has no actual or formal authority to make government decisions himself.”…