Business

Smith Collection/Gado/Getty Images (WASHINGTON) — Worldwide protests against Tesla CEO Elon Musk over his role in the Trump administration have coincided with a sales slump and stock woes at the electric carmaker. Little will be known about the precise impact on Tesla’s bottom line, however, until the company releases its earnings report on Tuesday afternoon. […]

Photo by Chip Somodevilla/Getty Images (NEW YORK) — Tesla’s profits fell 71% over the first three months of this year, a company earnings release on Tuesday showed. The company’s performance fell short of analysts’ expectations. The decline coincided with a sales slump and stock woes at the electric carmaker, and comes amid worldwide protests against CEO Elon Musk over […]

Image via Slate. (NEW YORK) — The country’s electric vehicle market has an affordability problem. Enter Slate, a new company backed by Amazon CEO Jeff Bezos and two investment funds. On Thursday, company executives unveiled an inexpensive, spartan electric truck that comes at a critical time for U.S. consumers and the industry. Priced below $30,000, […]

Karl-Josef Hildenbrand/picture alliance via Getty Images (NEW YORK) — Seniors lost $4.8 billion in 2024 to scammers, according to a report released Wednesday by the FBI. In total, people in the United States lost $16.6 billion in 2024, representing a 33% increase in losses from 2023 to 2024. “Every number in this report represents a […]

Spencer Platt/Getty Images) (NEW YORK) — U.S. stocks rallied in early trading on Wednesday, one day after President Donald Trump said tariffs on China would “come down substantially.” Trump also appeared to soften previous attacks on the Federal Reserve, saying late Tuesday he has “no intention” of firing top central banker Jerome Powell. The Dow […]

(97/Getty Images) (NEW YORK) — President Donald Trump this month slapped tariffs on most products that enter the United States. Economists widely expect the policy to raise prices for U.S. shoppers as importers pass along a share of the tax burden. An across-the-board 10% tariff applies to nearly all imports, except for semi-conductors, pharmaceuticals and […]

Win McNamee/Getty Images  (WASHINGTON) — Election denier and MyPillow CEO Mike Lindell continues to refuse to pay more than $50,000 in sanctions he has been ordered to pay to voting software company Smartmatic over “frivolous” election claims — alleging he’s left with no money after numerous legal battles. “I’m in ruins,” a teary Lindell said […]

ABC News (WASHINGTON) — President Donald Trump on Thursday sharply criticized Federal Reserve Chair Jerome Powell, urging the central bank to lower interest rates and saying Powell’s “termination cannot come soon enough.” It was not clear whether Trump’s comments indicated a desire to remove Powell from his position or an eagerness for the completion of […]

Matthias Balk/picture alliance via Getty Images (NEW YORK) — Alphabet’s Google illegally dominated two markets for online advertising technology, according to a federal judge. Judge Leonie Brinkema of the U.S. District Court for the Eastern District of Virginia said in a ruling Thursday that Google had broken the law to build its dominance over the largely invisible […]

manusapon kasosod/Getty (NEW YORK) — U.S. stocks closed down slightly on Tuesday as investors weathered ongoing uncertainty about President Donald Trump’s tariff plans. The Dow Jones Industrial Average ticked down 156 points, or 0.3%, at the close of trading. The S&P 500 fell 0.1%, while the tech-heavy Nasdaq declined 0.05%. The U.S. has received about […]