Billionaire Elon Musk said Tuesday he’s committed to being CEO of Tesla in five years’ time as the automaker faced intense consumer and stock-price pressure over his work with President Donald Trump’s government. The question came as Musk made a video appearance at the Qatar Economic Forum hosted by Bloomberg […]
DOGE a failure? A fair evaluation…
Elon Musk is scaling back his role at the Department of Government Efficiency (DOGE), but the fight to slash government waste and fraud continues despite relentless resistance from Washington’s entrenched bureaucracy. Despite cuts, DOGE hasn’t done enough. The United States deficit continues to spiral out of control, and President Donald […]
CBS News boss quits suddenly
CBS News President and CEO Wendy McMahon quit her job suddenly Monday amid growing tensions with parent company Paramount Global over its handling of a $20 billion lawsuit filed by President Donald Trump. “Today, I am stepping down from my position as president and CEO of CBS News and Stations […]
President Trump warns Walmart: Don’t raise prices
President Donald Trump on Saturday ripped into Walmart, saying on social media that the retail giant should eat the additional costs created by his tariffs. As Trump has jacked up import taxes, he has tried to assure a skeptical public that foreign producers would pay for those taxes and that […]
Trump’s “big, beautiful bill” advances with huge price tag
House Republicans pushed forward President Donald Trump’s massive tax and spending package Sunday night despite serious concerns about its impact on the federal deficit. The bill cleared a key hurdle in the House Budget Committee with a 17-16 party-line vote, setting up a potential floor vote before Memorial Day. The […]
Trump’s controversial “big, beautiful bill” could fail
President Donald Trump’s comprehensive legislative package faces a precarious vote in the House Budget Committee on Friday, with at least three Republican committee members publicly stating they will vote against the multitrillion-dollar bill in its current form. Hard-liner conservative Reps. Ralph Norman of South Carolina, Andrew Clyde of Georgia, and […]
Dick’s Sporting Goods to buy shoe chain Foot Locker for $2.4 billion
Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company in as many weeks as business leaders struggle with uncertainty over U.S. President Donald Trump’s tariffs. Dick’s said Thursday that it expects to run Foot Locker as […]
Walmart announces it will raise prices over tariffs
Walmart’s first-quarter profit slipped, and it said it must raise prices due to higher costs from tariffs implemented by President Donald Trump. The nation’s largest retailers posted strong quarterly sales Thursday and said it expects sales growth of 3.5% to 4.5% in the second quarter. Like many other U.S. companies, […]
President Trump, Boeing secure $96 billion order with Middle East
Boeing has secured a pair of major orders in the Middle East during a visit to the region by President Donald Trump. The American aerospace manufacturer confirmed a $96 billion order from Qatar, one day after announcing an order from a company in Saudi Arabia for 20 737-8 jets and […]
Starbucks baristas strike to protest new dress code
More than 1,000 Starbucks baristas at 75 U.S. stores have gone on strike since Sunday to protest a new company dress code, a union representing the coffee giant’s workers said Wednesday. Starbucks put new limits starting Monday on what its baristas can wear under their green aprons. The dress code […]
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