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Investor Survey: 85% Believe Tesla Hurt By Elon Musk's Political Power, Reports Say Investor Survey: 85% Believe Tesla Hurt By Elon Musk's Political Power, Reports Say
Investor Survey: 85% Believe Tesla Hurt By Elon Musk's Political Power, Reports Say A vast majority of people in an investor survey said CEO Elon Musk's growing political influence is damaging Tesla financially, according to reports. An investor survey by Morgan Stanley said 85 percent think Musk's political activities have had a "negative" or "extremely negative" impact on Tesla's business fundamentals, CNBC reported. An analyst from the investment banking firm received answers from 245 participants, a relatively small sample with some investors who don't have Tesla stock. Shares in the electric automaker were at $247.08 when trading opened on Wednesday, Mar. 12. Tha…

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by Chris Spiker
Business
Inflation Cools Slightly In February As Tariffs, Slowing Labor Market Fuel Economic Concerns Inflation Cools Slightly In February As Tariffs, Slowing Labor Market Fuel Economic Concerns
Inflation Cools Slightly In February As Tariffs, Slowing Labor Market Fuel Economic Concerns Consumer prices rose slightly less than expected in February, but President Donald Trump's escalating trade wars and a declining labor market are keeping economic uncertainty high. Inflation increased 0.2 percent in February and 2.8 percent over the past year, according to new Bureau of Labor Statistics data released on Wednesday, Mar. 12. The yearly inflation number remained well above the Federal Reserve's two-percent target. The monthly increase was smaller than January's jump of 0.5 percent. February's figures were also a little lower than Dow Jones expectations, CNBC reported. Co…

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by Chris Spiker
Business
Tesla Owners Disguise Vehicles As Stock Craters, Trump Calls Elon Musk Boycott 'Illegal' Tesla Owners Disguise Vehicles As Stock Craters, Trump Calls Elon Musk Boycott 'Illegal'
Tesla Owners Disguise Vehicles As Stock Craters, Trump Calls Elon Musk Boycott 'Illegal' Tesla is losing its charge with many Americans as billionaire CEO Elon Musk faces plummeting sales, a freefalling stock, growing protests, and car owners distancing themselves from the controversial brand. The electric automaker's stock has more than lost all of its post-Election Day gains. Tesla shares stood at $288.53 on Wednesday, Nov. 6, 2024, and hit an all-time high of around $480 in mid-December before beginning a sharp decline. By early March, shares fell below what they posted the day after Election Day. Tesla opened for trading at $225.11 on Tuesday, Mar. 11, marking abo…

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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
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
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
$44M COVID Tax Scheme: 7 Nabbed In Largest US Case Ever $44M COVID Tax Scheme: 7 Nabbed In Largest US Case Ever
$44M COVID Tax Scheme: 7 Nabbed In Largest US Case Ever Seven New Yorkers have been charged in a sweeping tax fraud scheme, accused of exploiting pandemic relief programs to steal over $44 million, federal prosecutors announced. The indictment by the US Attorney's Office for the Eastern District of New York, unsealed Wednesday, Jan. 22, alleges that the defendants filed over 8,000 fraudulent tax returns, seeking more than $600 million in COVID-19 relief funds through the Employee Retention Credit (ERC) and related programs. Investigators determined the group successfully secured $44 million from the federal government. Defendants Long Island …

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by Joe Lombardi
Business
Tesla Recalls 239,000+ Cars For Rearview Camera Glitch In Automaker's Latest Safety Issue Tesla Recalls 239,000+ Cars For Rearview Camera Glitch In Automaker's Latest Safety Issue
Tesla Recalls 239,000+ Cars For Rearview Camera Glitch In Automaker's Latest Safety Issue Tesla is recalling nearly 240,000 vehicles after a defect was discovered that could cause rearview cameras to fail, increasing the risk of crashes, officials said. Tesla issued a recall for 239,382 cars across its 2023-25 Model X and Model Y vehicles, along with its 2024-25 Model S and Model 3 lineup, according to the National Highway Traffic Safety Administration (NHTSA). A defect in the cars' computer circuit boards can result in losing rearview camera functionality. The issue violates the Federal Motor Vehicle Safety Standard (FMVSS) for rear visibility and could compromise dri…

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by Chris Spiker
Business
2.5+ Million Teslas Investigated For Crashes Linked To Remote Driving Feature, NHTSA Says 2.5+ Million Teslas Investigated For Crashes Linked To Remote Driving Feature, NHTSA Says
2.5+ Million Teslas Investigated For Crashes Linked To Remote Driving Feature, Nhtsa Says A federal investigation has been launched into more than 2.5 million Tesla vehicles after reports of crashes involving a system that allows vehicles to be remotely controlled through a smartphone app, officials said. The National Highway Traffic Safety Administration (NHTSA) opened the probe into Tesla's "Actually Smart Summon" system on Monday, Jan. 6. A preliminary investigation report said the auto safety agency was looking into at least four crashes involving Teslas using the self-driving feature. The investigation includes an estimated 2,585,000 Teslas with full self-dri…

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by Chris Spiker
Politics
Trump Names Ex-SEC Chief, PA Native To Replace Damian Williams As SDNY's Top Prosecutor Trump Names Ex-SEC Chief, PA Native To Replace Damian Williams As SDNY's Top Prosecutor
Trump Names Ex-sec Chief, PA Native To Replace Damian Williams As Sdny's Top Prosecutor President-elect Donald Trump is looking to replace Damian Williams, US Attorney for the Southern District of New York, with a familiar face from his previous administration who hails from Pennsylvania.  Trump announced on Thursday, Nov. 14 that he would nominate Jay Clayton, who has no experience as a criminal prosecutor, to be the next US Attorney for the Southern District of New York.  Clayton, age 58, previously served as Chairman of the US Securities and Exchange Commission from May 2017 to December 2020, a role in which Trump wrote he "did an incredible job." Before that, he…

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by Ben Crnic
Police & Fire
Pick-Up Strikes Pedestrian At Bucks Crossing Shopping: Police Pick-Up Strikes Pedestrian At Bucks Crossing Shopping: Police
Pick-Up Strikes Pedestrian At Bucks Crossing Shopping: Police A pedestrian was struck by a white pick-up truck in a serious crash at Bucks Crossing Shopping Center on Thursday, Oct. 24, police said. The crash happened at the intersection of East Street Road near the ACME Markets at Bucks Crossing Shopping Center at 11 a.m., according to the Lower Southampton Township Police Department. Police are asking drivers in the area at that time to check their in-car cameras, especially Tesla owners, and see if their video captured the crash or any footage just prior to the crash. Anyone with video footage or other information can contact the Lower Southampton…

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by Merriell Moyer
News
'Dinner On Me': Jersey Shore Mayor Apologizes To Jason, Kylie Kelce After Woman Berates Couple 'Dinner On Me': Jersey Shore Mayor Apologizes To Jason, Kylie Kelce After Woman Berates Couple
'Dinner On Me': Jersey Shore Mayor Apologizes To Jason, Kylie Kelce After Woman Berates Couple A Jersey Shore city's mayor apologized to former Philadelphia Eagles center Jason Kelce and his wife Kylie after a video showed a woman yelling at the couple while going to dinner over Memorial Day weekend. The Philadelphia-based "Word to the Wise Podcast" shared a video of the argument on Instagram on Tuesday, May 28. While the eight-second video's caption said the dispute was in Sea Isle City, where the Kelces own a beach home, it reportedly happened outside Steve & Cookie's By the Bay restaurant in Margate. The podcast's post said the unidentified woman approached the Kelces to take …

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by Chris Spiker