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Elon Musk

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
News
Dramatic Videos Capture SpaceX Starship Flight 7 Explosion Dramatic Videos Capture SpaceX Starship Flight 7 Explosion
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 …

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by Cecilia Levine
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
Elon Musk, Vivek Ramaswamy Tapped To Head Trump's New Dept. Of Government Efficiency Elon Musk, Vivek Ramaswamy Tapped To Head Trump's New Dept. Of Government Efficiency
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…

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by Josh Lanier
Business
See Who Won In 'Race' Between Lambo, Tesla Cybertruck On Leesburg Pike In Viral Video See Who Won In 'Race' Between Lambo, Tesla Cybertruck On Leesburg Pike In Viral Video
See Who Won In 'Race' Between Lambo, Tesla Cybertruck On Leesburg Pike In Viral Video 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…

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by Zak Failla
Business
See Who Won In 'Race' Between Lambo, Tesla Cybertruck On Leesburg Pike In Viral Video See Who Won In 'Race' Between Lambo, Tesla Cybertruck On Leesburg Pike In Viral Video
See Who Won In 'Race' Between Lambo, Tesla Cybertruck On Leesburg Pike In Viral Video 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, …

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by Zak Failla
Business
Here's Who Rank As The Richest Virginia Billionaires In New Forbes 400 Report Here's Who Rank As The Richest Virginia Billionaires In New Forbes 400 Report
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…

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by Zak Failla