Economy

“Elon Musk barred from accessing US Treasury payments data”

“A federal judge has barred the US Treasury from handing data from its payments system to outsiders, in an early legal blow to Elon Musk’s crusade to slash government spending. Judge Colleen Kollar-Kotelly put the temporary order in place after… Continue Reading…

Economy

“D.O.G.E…. turns attention to Social Security Administration”

“Elon Musk’s DOGE shuttered USAID. It has searched Medicare payments and gained access to a sensitive Treasury Department payment system. Its initial Labor Department presence prompted a lawsuit. And it’s just getting started. The Social Security Administration is an upcoming focus of the Department of Government… Continue Reading…

Business

“Advocacy Group, Unions Sue Treasury Department Over [Alleged] Illegal DOGE Data Access”

“Represented by Public Citizen Litigation Group and State Democracy Defenders Fund, the Alliance for Retired Americans, the American Federation of Government Employees (AFGE), and the the Service Employees International Union (SEIU) filed suit today against the Department of the Treasury for sharing… Continue Reading…

Business

“Elon Musk’s X will be allowed back online in Brazil after paying one more fine”

“X has to pay one last fine before its ban is lifted in Brazil, according to a decision out Friday from the country’s supreme court justice, Alexandre de Moraes. The platform was suspended nationwide at the end of August, a… Continue Reading…

Business

“Advertising group suspends brand safety unit after Elon Musk’s antitrust lawsuit”

“The World Federation of Advertisers said Thursday that it’s suspending the operations of its Global Alliance for Responsible Media nonprofit initiative. GARM was started in 2019 in part to help advertisers avoid having their promotions show up alongside content they… Continue Reading…

Business

“Tesla will lay off more than 10% of global workforce: Read the Elon Musk memo”

“Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. The company’s shares were down around 3% on Monday morning… Tesla shares have taken a bruising in recent months, falling… Continue Reading…

Business, Stocks

“Tesla shares fall after deliveries drop 8.5% from a year ago”

“Tesla shares fell on Tuesday after the company reported a drop in vehicle deliveries in the first quarter, the first annual decline since 2020, when the global pandemic disrupted production. Here are the key numbers: Total deliveries Q1 2024: 386,810Total production… Continue Reading…

Business

“Elon Musk sues OpenAI accusing it of putting profit before humanity”

“Elon Musk has filed a lawsuit accusing OpenAI and its chief executive, Sam Altman, of betraying its foundational mission by putting the pursuit of profit ahead of the benefit of humanity. The world’s richest man, a founding board member of… Continue Reading…