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Elon Musk

Business
US Layoffs Surge To 2020 Levels As Economic Turmoil Grows: Study US Layoffs Surge To 2020 Levels As Economic Turmoil Grows: Study
US Layoffs Surge To 2020 Levels As Economic Turmoil Grows: Study Layoffs are sweeping across the country at a pace not seen in years, hitting government workers, retail employees, and tech professionals the hardest, according to a new study. US employers announced 172,017 layoffs in February, the highest total since the height of the COVID-19 pandemic in July 2020, according to a report released by outplacement firm Challenger, Gray & Christmas on Thursday, Mar. 6. Last month's cuts were 245 percent higher than January and more than double the job losses from February 2024. February marked a dramatic spike in job losses, as businesses and federal age…

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by Chris Spiker
Business
Sesame Workshop To 'Downsize Significantly' Amid Funding Cuts, Streaming Partner Loss Sesame Workshop To 'Downsize Significantly' Amid Funding Cuts, Streaming Partner Loss
Sesame Workshop To 'Downsize Significantly' Amid Funding Cuts, Streaming Partner Loss Sesame Workshop, the nonprofit production company behind the beloved children's educational TV show "Sesame Street," is facing major staff cuts after losing key funding. Daily Voice confirmed the layoffs in an email from a Sesame Workshop spokesperson on Wednesday, Mar. 5. The job cuts were first reported by Semafor media editor Max Tani, who obtained an internal staff note from CEO Sherrie Rollins Westin. The spokesperson didn't disclose how many employees were affected. "As production of our 56th season begins next month, we remain as committed as ever to bringin…

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by Chris Spiker
Business
24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises 24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises
24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises A grassroots movement calling on people across the country to pause all non-essential purchases has begun its first "economic blackout" in a protest against corporate greed and financial inequality. The group called The People's Union USA organized the "24-Hour Economic Blackout" on Friday, Feb. 28. Supporters were asked to avoid all non-essential spending, including purchases from major retailers like Amazon, Walmart, Best Buy, and Target, as well as gas and fast food. Supporters of the blackout were asked to only buy "absolutely necessary" items like food, medicine, and eme…

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by Chris Spiker
Business
CFPB Drops Capital One Lawsuit As Trump, Musk Target Federal Watchdog CFPB Drops Capital One Lawsuit As Trump, Musk Target Federal Watchdog
Cfpb Drops Capital One Lawsuit As Trump, Musk Target Federal Watchdog The Consumer Financial Protection Bureau has dropped a lawsuit against Capital One as concerns grow about the federal agency's future. The CFPB will no longer pursue legal action against Capital One, according to a court filing on Thursday, Feb. 27. The case, filed in January, claimed the banking giant misled customers and withheld more than $2 billion in interest payments. The company based in McLean, Virginia, supported the dismissal. "We welcome the CFPB's decision to dismiss this action, which we strongly disputed," a Capital One spokesperson said in a statement to the Daily Voice…

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by Chris Spiker
Politics
21 Resign From Elon Musk's DOGE Saying They Refuse To 'Dismantle Critical Public Services' 21 Resign From Elon Musk's DOGE Saying They Refuse To 'Dismantle Critical Public Services'
21 Resign From Elon Musk's Doge Saying They Refuse To 'Dismantle Critical Public Services' A mass resignation has struck the newly created Department of Government Efficiency
 (DOGE), overseen by billionaire Elon Musk.  “We will not use our skills as technologists to compromise core government systems, jeopardize Americans’ sensitive data, or dismantle critical public services," the group of 21 employees said in a letter addressed to White House Chief of Staff Susie Wiles, according to the Wall Street Journal. The workers reportedly includes product managers, engineers, and data scientists. The development comes amid a wave of legal challenges aimed at halting or …

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by Joe Lombardi
Business
Tesla Recalls 376K+ More Vehicles For Power Steering Issues Amid Stock Slump, Boycotts Tesla Recalls 376K+ More Vehicles For Power Steering Issues Amid Stock Slump, Boycotts
Tesla Recalls 376K+ More Vehicles For Power Steering Issues Amid Stock Slump, Boycotts As Tesla's stock slides and the company faces growing scrutiny over safety issues, another recall has been issued due to more crash risks in its vehicles, officials said. Tesla has recalled 376,241 Model 3 and Model Y vehicles, the National Highway Traffic Safety Administration said. The Teslas are at risk of losing their power steering assist. A flaw in the printed circuit board of the electronic power steering assist could cause power steering failure when the vehicle stops and then accelerates again. "A loss of power steering assist can require greater steering effort, especially at low…

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by Chris Spiker
Politics
$5K DOGE Rebate Checks For Americans? Musk, Trump Tease Possible Plan $5K DOGE Rebate Checks For Americans? Musk, Trump Tease Possible Plan
$5K Doge Rebate Checks For Americans? Musk, Trump Tease Possible Plan President Donald Trump is floating the idea of a potential $5,000 rebate for American households, following a suggestion from billionaire Elon Musk that taxpayers should benefit from cost-cutting measures at the federal level. Trump’s remarks came Wednesday, Feb. 19 Miami Beach, Florida, after Musk posted on X that he would “check with the President” about a proposal to distribute tax refund checks funded by savings from the Department of Government Efficiency (DOGE).  The idea was originally suggested by James Fishback, CEO of Azoria Investment, who referred to it as a “DOGE Dividend.…

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by Joe Lombardi
Business
Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies
Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies Inflation unexpectedly accelerated in the first month of 2025, adding political and economic pressure to President Donald Trump's campaign promise of immediate relief to high consumer prices. In January, overall inflation climbed 3.3 percent year-over-year for core items and 0.5 percent monthly, according to data from the Bureau of Labor Statistics released on Wednesday, Feb. 12. That ran slightly ahead of economists' prediction of 3.2 percent inflation, NBC News reported. Core items exclude notably volatile prices for food and energy. The Consumer Price Index (CPI) still inc…

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by Chris Spiker
Politics
Elon Musk's Support Plunges Among Republicans: New Poll Elon Musk's Support Plunges Among Republicans: New Poll
Elon Musk's Support Plunges Among Republicans: New Poll A new poll shows a significant decline in Republican support for billionaire Elon Musk’s influence within the Trump administration. In the days following the November 2024 election, 47 percent of surveyed Republicans by Economist/YouGov expressed a desire for Musk to have “a lot” of influence in the administration.  However, the latest poll, conducted Sunday, Feb. 2 to Tuesday, Feb. 4, indicates that this figure has dropped to 13 percent. Another 25 percent say they want Musk to have “a little” influence and 46 percent said they want “none at all.” This trend suggests a growing ambiv…

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by Joe Lombardi
Politics
Elon Musk Lieutenants Given Access To US Treasury Department’s Payments System: Report Elon Musk Lieutenants Given Access To US Treasury Department’s Payments System: Report
Elon Musk Lieutenants Given Access To US Treasury Department’s Payments System: Report Representatives from a team led by billionaire businessman and political activist Elon Musk have been granted access to the US Treasury Department’s payments system, a move that could significantly impact federal spending oversight, according to a new report. Treasury Secretary Scott Bessent authorized the change late Friday, Jan. 31, giving Musk’s Department of Government Efficiency (DOGE) team access to the federal payment system, which manages disbursements for the entire US government, The New York Times says.  The decision follows a standoff with David Lebryk, a longtime Treasury …

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by Joe Lombardi
News
Supreme Court Upholds TikTok Ban: How The App Could Survive In The U.S. Supreme Court Upholds TikTok Ban: How The App Could Survive In The U.S.
Supreme Court Upholds TikTok Ban: How The App Could Survive In The U.S. The Supreme Court has upheld a new law that could ban TikTok in the U.S. unless its Chinese parent company divests from the very popular video-sharing social media app. The justices said the "Protecting Americans from Foreign Adversary Controlled Applications Act" doesn't violate the First Amendment, according to the court's decision on Friday, Jan. 17. The ruling allows for TikTok to potentially be banned in the U.S. as early as Sunday, Jan. 19. TikTok, which has more than 170 million users in the U.S., has come under scrutiny over fears that ByteDance could allow the Chinese gov…

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by Chris Spiker
Business
Meta To Cut 5% Of Lowest-Performing Workers, Zuckerberg Braces For 'Intense Year': Reports Meta To Cut 5% Of Lowest-Performing Workers, Zuckerberg Braces For 'Intense Year': Reports
Meta To Cut 5% Of Lowest-Performing Workers, Zuckerberg Braces For 'Intense Year': Reports Meta will cut thousands of employees in the latest move for the controversial company that owns platforms like Facebook and Instagram, according to reports. An internal memo sent to Meta workers said five percent of low-performing employees will be terminated, Bloomberg News reported. The company that also owns WhatsApp and Threads has more than 72,000 employees, according to Meta's most recent quarterly report. A five-percent reduction would mean about 3,600 people could lose their jobs. "I've decided to raise the bar on performance management and move out low-performers faster,…

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by Chris Spiker
News
Deadly Cybertruck Explosion At Trump Hotel in Las Vegas Investigated As Possible Terror Act Deadly Cybertruck Explosion At Trump Hotel in Las Vegas Investigated As Possible Terror Act
Deadly Cybertruck Explosion At Trump Hotel in Las Vegas Investigated As Possible Terror Act Authorities are investigating a deadly explosion involving a Tesla Cybertruck outside the Trump International Hotel in Las Vegas. The explosion claimed the life of one individual and left seven others injured, prompting a joint inquiry by local law enforcement and the FBI. The incident is being investigated as a possible terrorist act, ABC News and CNN are reporting. The incident occurred around 8:40 a.m. Wednesday, Jan. 1, near the hotel’s valet area.  Witnesses reported hearing a loud explosion followed by a fire that engulfed the vehicle. First responders quickly arrived…

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by Joe Lombardi
Politics
Musk, Harvard-Grad Ramaswamy Tapped To Head Trump's New Dept. Of Government Efficiency Musk, Harvard-Grad Ramaswamy Tapped To Head Trump's New Dept. Of Government Efficiency
Musk, Harvard-Grad Ramaswamy Tapped To Head Trump's New Dept. Of Government Efficiency President-Elect Donald Trump continues to fill his cabinet with loyalists and his biggest supporters following his sweeping victory in last week's election.  He announced Tuesday, Nov. 12, that two billionaire former rivals turned allies, Elon Musk and Vivek Ramaswamy, would head up his new Department of Government Efficiency.  Related: Trump Nominates NY Rep. Elise Stefanik As UN Ambassador The tech entrepreneur, age 53, and the 39-year-old Harvard and Yale Law grad will be tasked with major cuts in government spending. Trump called it "The Manhattan Project" for a new…

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by Josh Lanier
Politics
Donald Trump Paints America In Collapse In Elon Musk X Interview Plagued By Tech Glitches Donald Trump Paints America In Collapse In Elon Musk X Interview Plagued By Tech Glitches
Donald Trump Paints America In Collapse In Elon Musk X Interview Plagued By Tech Glitches In an at-times rambling conversation plagued by tech glitches that jumped from fawning praise to forced questions, former President Donald Trump laid out his clearest thesis for his campaign: Vote Trump to preserve American supremacy around the globe and avoid a World War.  The conversation began about the assassination attempt on Trump's life. Musk said he was stunned at how close Trump was to losing his life. The former president said even his doctors couldn't believe his luck.  The former president said it was most likely divine intervention that saved his life. https://t.c…

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by Josh Lanier
Politics
'Sounds Like A Rejected Comedy Sketch': Internet Reacts To RFK Jr. Dumping Bear In Central Park 'Sounds Like A Rejected Comedy Sketch': Internet Reacts To RFK Jr. Dumping Bear In Central Park
'Sounds Like A Rejected Comedy Sketch': Internet Reacts To RFK Jr. Dumping Bear In Central Park In an election cycle filled with ridiculous news stories with more dangerously sharp twists than an unregulated carnival rollercoaster, Robert F. Kennedy Jr. dropped one of the weirdest news stories of this year on Monday, Aug. 5.  The presidential candidate announced he left a dead bear cub in Central Park because he thought "it would be fun for people." It wasn't, and Kennedy has been turned into a meme overnight.  Related: RFK Jr. Says He Dumped Body Of Bear Found In Hudson Valley In Central Park It all began after Kennedy posted a video of him telling the story to Roseanne Barr to get…

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by Josh Lanier