Tesla CEO Elon Musk announced plans to reduce his involvement with the Department of Government Efficiency (DOGE) to a few days per week, citing the completion of major […]
Instagram Co-Founder Testifies Meta Starved Resources Post-Acquisition
Kevin Systrom, co-founder of Instagram, testified in a federal antitrust trial that Meta, formerly Facebook, underinvested in Instagram following its acquisition in 2012. Systrom claimed that Mark Zuckerberg, […]
White House Nears Japan, India Tariff Agreements Amid Trade War Uncertainty
The White House is nearing agreements with Japan and India to address tariff concerns, signaling a strategic approach to managing global trade tensions. These agreements aim to provide […]
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Tesla Admits Political Sentiment Could Impact Business
Tesla acknowledged that changing political sentiment might negatively affect its business operations. In its latest earnings report, the company highlighted concerns over trade tensions and tariffs, particularly those […]
Tesla Reports 71% Drop in Profits Amid Sluggish Sales and Political Backlash
Tesla experienced a significant decline in profits during the first quarter, with net income dropping 71% year-over-year due to weak sales figures. The company reported a net income […]
Jay Powell Stands Firm Amid Trump’s Threats
Federal Reserve Chairman Jay Powell has maintained a steadfast stance despite mounting pressure from President Trump. The White House has repeatedly criticized Powell’s monetary policies, accusing him of […]
Verizon Reports Higher Earnings but Larger Postpaid Phone Losses
Verizon Communications announced an increase in first-quarter earnings, posting a profit of $5 billion, or $1.15 per share. However, the company reported wider losses in postpaid phone subscribers […]
Stocks Volatile Amid Trump’s Pressure on Powell and Trade Tensions
U.S. stocks experienced volatility following President Trump’s continued pressure on Federal Reserve Chairman Jerome Powell for interest rate cuts. Trump criticized Powell via social media, claiming there is […]
Trump Sets Record for Largest S&P 500 Drop Early in Presidency
According to CNN data expert Harry Enten, President Donald Trump has set a record for the largest drop in the S&P 500 during the early stages of a […]