The Tesla CEO Musk said he expected to realize $1 trillion in government savings for the Trump administration as part of the DOGE project.
Blog
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Wall Street stocks tumble as investors fret over US economic slowdown
Tesla gives up all its post-election gains as tech-focused Nasdaq Composite sinks 4%
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White House: Stock market plunge is not as ‘meaningful’ as business activity
The Trump administration argues that investments and growth from top businesses means more for the economy than the recent stock market rout.
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Tesla shares plunge 15%, suffering steepest drop in five years
Tesla continued its downward slide on Monday, with the stock suffering its most dramatic sell-off since September 2020.
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Musk claims cyber attack on social network X came from ‘Ukraine area’
Outage is latest trouble for world’s richest person’s business interests since he joined the Trump administration
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Delta Air Lines slashes earnings outlook on weaker U.S. demand, sending shares lower
Delta Air Lines cut its first-quarter revenue and profit forecasts, citing weaker consumer and corporate travel demand.
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Musk expresses support for rival to Reform UK as feud in Farage’s party intensifies
Allies of tech billionaire say he has signalled he would back an alternative to populist party
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Tech megacaps lose over $750 billion in market cap in worst day for Nasdaq since 2022
The seven most valuable tech companies lost more than $750 billion in market value on Monday
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Keir Starmer defends planned welfare cuts to anxious Labour MPs
Prime minister wants to reform disability benefit payments to help fund greater spending on defence
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Tariffs are ‘lose-lose’ for U.S. jobs and industry, economist says: ‘There are no winners here’
Tariffs aim to insulate certain sectors from foreign competition. But evidence shows they often end up losing U.S. jobs.