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Monday, mar 17
Tag:
Elon Musk
Business
Consumer Confidence Falls To 2022 Lows Amid Tariff Worries, Affordability Crisis: Survey
Consumer confidence plunged in March, hitting its lowest level since 2022 as lingering inflation, a slowing job market, and economic uncertainty weigh on Americans. The preliminary consumer sentiment index dropped to 57.9 in March, down 10.5 percent from February, a survey from the University of Michigan said on Friday, Mar. 14. It marks the lowest reading since November 2022 and 27.1 percent lower than March 2024. The decline marks the third consecutive month of falling confidence, with all age groups, income levels, and political backgrounds reporting a more negative outlook. "…
News
Meta's Community Notes To Use Tech From Elon Musk's Social Media Platform
Meta's new Community Notes system will be based on algorithms developed by billionaire Elon Musk's social media platform, the company said. Meta will begin testing the crowdsourced program that aims to prevent misinformation on Tuesday, Mar. 18, the tech giant said in a blog post on Thursday, Mar. 13. The move comes as Meta replaces its third-party fact-checking program in the US for Facebook, Instagram, and Threads. Community Notes are part of CEO Mark Zuckerberg's broader shift toward what he calls "free expression" on the company’s platforms. "We’re going to take time to …
Business
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…
Business
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…
Business
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…
News
Elon Musk Blames Cyberattack After X Hit By Waves Of Outages
Elon Musk’s social media platform, X, has experienced separate significant waves of outages which the billionaire entrepreneur attributes to a potential cyberattack. The issues began around 6 a.m. Eastern time on Monday, March 10 when approximately 20,538 users reported problems, according to DownDetector, a site that tracks outages, The outages subsided briefly before resurging, with nearly 40,000 users reporting issues by 10 a.m. Since then, around 26,000 additional reports have been logged as of 12:30 p.m. ET. Many users said that the app would not load properly and posts were not…
Business
February Job Growth Disappoints, Fueling Economic Fears From Rising Costs, Tariff Confusion
The US labor market fell short of expectations in February, adding to growing economic uncertainty from trade disputes, a hiring slowdown, and ongoing federal job cuts. The nation's economy added 151,000 jobs in February, according to data from the Bureau of Labor Statistics released on Friday, Mar. 7. That number was lower than the Dow Jones consensus forecast of 170,000, CNBC reported. Job growth lagged behind the 12-month average of 168,000, signaling a labor market slowdown. Healthcare led with 52,000 new positions, followed by financial activities (+21,000), transpo…
Business
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…
Business
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…
Business
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…
Business
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…
Politics
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 …
Business
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…
Politics
$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.…
Business
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…
Politics
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…
Politics
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 …
News
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…
News
Dramatic Videos Capture SpaceX Starship Flight 7 Explosion
Videos are circulating of SpaceX's Starship Flight 7 meeting an explosive end over the Atlantic Ocean during its Thursday, Jan. 16 test launch. The flight, conducted at 4:37 p.m. CT from Starbase, TX, aimed to achieve major milestones but faced setbacks in its journey to space. Elon Musk, CEO of SpaceX, commented on the test, saying, “Success is uncertain, but entertainment is guaranteed! ✨” Success is uncertain, but entertainment is guaranteed! ✨ pic.twitter.com/nn3PiP8XwG — Elon Musk (@elonmusk) January 16, 2025 The launch was streamed live by SpaceX on X in a video that had …
Business
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,…
News
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…
Politics
Elon Musk, Vivek 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…
Business
Fairfax County Police Get Last Laugh After Race On VA Highway Shared By Elon Musk
The video of a "race" between a Tesla Cybertruck and Lamborghini on a Virginia highway that went viral also caught the eye of police investigators in Fairfax County. Vienna resident Christian Camacho, 48, the driver of the Cybertruck, and 37-year-old Carlos Montero, of Sterling, were identified by detectives as the pair involved in the viral video that was shared by Elon Musk and viewed by millions. In the video, the two vehicles can be seen lining up at a traffic light on Leesburg Pike in Tysons Corner before the two drivers rev their engines and take off down the roadway. Cybertruck c…
Business
Video Of Cybertruck, Lambo Race On Virginia Highway Shared By Elon Musk
Video of a short-lived "race" between a Tesla Cybertruck and Lamborghini on a Virginia highway has garnered tens of thousands of views after going viral on social media. In footage posted online and widely shared on social media - even by Elon Musk himself - the two vehicles can be seen lining up at a traffic light on Leesburg Pike in Tysons Corner before the two drivers rev their engines and take off down the roadway. Cybertruck can beat a Porsche 911 while towing a Porsche 911! https://t.co/iNTaF2V1xt — Elon Musk (@elonmusk) October 29, 2024 The Cybertruck gets off the line quicker, …
Business
Here's Who Rank As The Richest Virginia Billionaires In New Forbes 400 Report
A candy and pet food heiress is Virginia's wealthiest business owner once again, according to Forbes' most recent ranking of the richest people in America. With an estimated net worth of $47.6 billion, 84-year-old Jacqueline Mars, who owns approximately one-third of the candy, food and pet care firm founded by her grandfather, made the top 20 on the list, not far ahead of another family member. Jacqueline Mars, who worked for around 20 years and served on the company's board until 2016, was joined on the list by Pamela Mars, who has worked at her family's company for nearly f…
Sports
Taylor Swift Touches Down In Baltimore
Taylor Swift is in the building. M&T Bank Stadium, that is. The 34-year-old pop star's Dassault Falcon 7X touched down at the Baltimore/Washington International Thurgood Marshall Airport, less than 40 minutes after taking off from Morristown Airport, in NJ on Sunday afternoon Jan. 28, according to her jet-tracking Reddit account run by programmer Jack Sweeney. As expected, Swift is in Charm City to support beau Travis Kelce, the tight end on the Kansas City Chiefs (13-6), playing the Ravens (14-4) this afternoon in the AFC Championship game. Page Six shared photos o…
Police & Fire
'PlugwalkJoe' Admits Unprecedented Twitter Hack That Included Musk, Kardashian, Biden: Feds
A 23-year-old British citizen who hacked the Twitter accounts of Joe Biden, Elon Musk, Kim Kardashian and Bill Gates, among others, pleaded guilty in federal court to a host of related charges as part of a deal with the government. Joseph James O'Connor -- also known as "PlugwalkJoe" -- technically faces up to 77 years in prison under federal sentencing guidelines but will likely get somewhere between 10 to 20 years when all is said and done. The Liverpudlian hacker admitted during a plea hearing in federal court in Manhattan on Tuesday, May 9, that he committed one of the largest high-pro…
News
Andrew Tate Arrested In Europe On Sex Trafficking Allegations: Reports
Controversial 36-year-old social media influencer Andrew Tate, a Washington, DC native, and his brother have reportedly been arrested overseas in connection to sex-trafficking allegations. According to reports in Europe, the two have been detained in Romania and are facing charges that include rape and kidnapping for forcing two young girls into their custody earlier this year. His arrest first circulated online on Thursday, Dec. 29, and was first reported by the Romanian outlet Libertatea. The raid was reportedly conducted by the Directorate for Investigating Organized Crime and Terrori…
News
Five Virginia Residents Named To Forbes List Of Richest In America
Five Virginia residents were named to the 2022 Forbes list of the 400 richest people in America. The nation's wealthiest citizens are worth $4 trillion — $500 billion less than last year, Forbes said. The minimum net worth required to make the list also fell for the first time since the Great Recession, by $200 million, to $2.7 billion. The wealthiest man in the country is Elon Musk, who is worth $251 billion, and the second wealthiest is Jeff Bezos, who is worth $151 billion. Fortunes were calculated on Sept. 2 using stock prices and exchange rates. The Virginians who…
News
SpaceX Launch Baffles East Coast
What some first thought was a meteor making its way up the East Coast turned out to be Elon Musk's SpaceX. The Falcon 9 rocket sent Starlink satellites into low-Earth orbit from Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station in Florida just after 7:30 p.m., according to a news release. Footage of the rocket was captured about 30 minutes later in Washington DC, Maryland, New York, New Jersey, Massachusetts and New Hampshire. This is what a @SpaceX Falcon 9 rocket launch from Cape Canaveral Florida looks like in New Hampshire pic.twitter.com/0JIcjjN3hH — drewsview…
News
How TikTok Is Refuting Amber Heard Claims In Johnny Depp Defamation Case
Once known as a place to share dancing skills, TikTok is helping to solve national cases and court trials — including actor Johnny Depp's defamation trial against his ex-wife and actress, Amber Heard. Evidence brought forth during last week's trial — taking place in Fairfax County, VA — by Heard’s legal team was debunked on the video-sharing app. Users were among the first to point out that a Milani Cosmetics makeup pallet used as evidence by Heard's legal team was not released until after the alleged abuse against her occurred. Milani later released a statement confirming that. One video…
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