marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
Elon Musk
12/13/2024
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By Lance D Johnson
DOGE faces monumental task as U.S. budget deficit SOARS TO RECORD HIGH going into 2025
The U.S. budget deficit has reached unprecedented levels, with November spending at a record-high $584.2 billion, marking a 14 percent increase from the previous year. The Biden administration’s fiscal policies are criticized for exacerbating the financial situation, leading to a potential collapse of the U.S. monetary system. Government spending on health, defense, and Social Security […]
12/02/2024
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By Zoey Sky
SpaceX and xAI expected to soar in value and make Elon Musk the world’s first trillionaire
Elon Musk, currently the richest person in the world, could soon become the world’s first trillionaire by the end of the decade as two of his private companies soar in value. Tesla, his public company, has recently surpassed a trillion dollars in market capitalization. (Related: Analysis predicts Elon Musk could become the world’s first TRILLIONAIRE […]
11/20/2024
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By Ava Grace
Tesla recalls over 2,400 Cybertrucks due to faulty parts that could increase risk of crashing
Tesla has announced that it is recalling more than 2,400 of its Cybertruck electric pickup trucks in the United States due to faulty parts that could lead to a loss of power and an increased risk of a crash. A fault in the driver inverter in Cybertrucks manufactured through July 30 could cause the vehicle […]
11/17/2024
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By Arsenio Toledo
Trump taps Musk, Ramaswamy to lead Department of Government Efficiency that will focus on reducing government spending
President-elect Donald Trump has just appointed tech billionaire Elon Musk and entrepreneur Vivek Ramaswamy to lead a newly proposed Department of Government Efficiency (DOGE) in a bid to reduce government spending. Trump has indicated that Musk and Ramaswamy will operate outside the confines of the government because DOGE will not actually be a part of the Cabinet […]
11/07/2024
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By Belle Carter
Elon Musk endorses abolishing the Federal Reserve
In a post on X, Big Tech billionaire Elon Musk aligned his vision with former Texas Rep. Ron Paul’s suggestion to eliminate the Federal Reserve as a pathway to fiscal reform. Paul, one of the most prominent libertarians in the United States who is known for his calls to end the Fed’s control over American […]
06/19/2024
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By Laura Harris
Tesla shareholders vote to reinstate Elon Musk’s $56 billion pay package despite earlier court order to rescind it
Tesla shareholders have reinstated CEO Elon Musk’s controversial $56 billion 2018 compensation package, five months after a Delaware judge ordered its rescission. In 2018, the board initially approved Elon Musk’s compensation plan, which is reputed to be the largest of any CEO in a publicly traded company in the United States. Unlike traditional compensation plans, the package does […]
05/01/2024
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By Arsenio Toledo
Elon Musk shuts down Tesla’s profitable Supercharger team in latest round of layoffs
Elon Musk has shut down Tesla’s division that runs the Supercharger business in the latest round of layoffs that is expected to reduce the electric vehicle manufacturing giant’s workforce by more than 10 percent. The shutdown of the Supercharger division includes the dismissal of two senior executives and several hundred other staffers amid an ongoing […]
04/18/2024
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By Laura Harris
Tesla plans to lay off 10% of workforce after dismal quarterly sales
Tesla has announced its plan to lay off approximately ten percent of its workforce after the release of its dismal first-quarter sales report. In that quarter, Tesla experienced a significant decline in sales due to heightened global competition, a slowdown in electric vehicle sales growth and unsuccessful attempts to attract more buyers, including with price reductions. Tesla has […]
03/26/2024
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By Laura Harris
REPORT: Combined wealth of American billionaires has skyrocketed by 87.6% since the COVID-19 pandemic
A recent Inequality.org report reveals that the combined wealth of American billionaires has skyrocketed by 87.6 percent since the onset of the Wuhan coronavirus (COVID-19) pandemic in March 2020. According to the report, the total wealth of American billionaires has reached a staggering $5.53 trillion as of March 18. The windfall has primarily benefited titans of the tech industry, with […]
03/07/2024
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By Arsenio Toledo
Jeff Bezos regains title of world’s richest person, overtaking Elon Musk for the first time since 2021
Amazon founder Jeff Bezos is once again the richest person in the world, after the tech giant’s net worth surpassed that of Tesla CEO and Twitter (now X) owner Elon Musk for the first time since the fall of 2021. This is according to the Bloomberg Billionaires Index, which reported on Monday, March 4, that Bezos’ […]
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