Author: BLMS MEDIA
At the Qatar Economic Forum on Monday, a combative Elon Musk took on criticism about his role in the US government’s controversial Department of Government Efficiency (DOGE), as well as his myriad business roles, with a particular focus on Tesla (TSLA). When questioned about Tesla’s weakening sales in the first quarter and April sales thus far in Europe, Musk said the business has “already turned around,” adding that “Europe is our weakest market” and that Tesla was “strong everywhere else.” “Sales numbers are strong, we see no problem with demand,” Musk added, despite falling sales numbers to the contrary. Musk…
It’s hard to envision Tesla (TSLA) without Elon Musk leading the way. And we don’t have to: Musk confirmed Tuesday that he plans to stay put. For a brand that has become inseparable from its key executive, that sounds like a godsend and a curse. Even a refocused Musk faces mounting problems at the pioneering electric vehicle company. Last month, Tesla reported its worst quarter for sales in three years. Subsequent data for April showed continued signs of weakness. Like its megacap peers, Tesla has been on a tear over the past month, buoyed by a tariff reprieve and a…
The Treasury Department will begin phasing out the penny early next year, ending a run for a mainstay piece of American currency first produced by the federal government in the 1790s. This month, Treasury has made its final order of penny blanks — the material used to make pennies — and its coin producer at the US Mint will continue to manufacture pennies while an inventory of penny blanks exists. But production will cease after that inventory runs out, a decision first reported by the Wall Street Journal. Freshly made pennies sit in a bin at the US Mint in…
Washington was on two parallel tracks this past week when discussing President Trump’s “big, beautiful bill.” On one front: The nation’s capital was transfixed by a seismic fight between Elon Musk and President Trump, centered on the cost of the $3 trillion tax and spending bill. On another front: Republican leaders steadily advanced the pricey package with only a few changes apparently on offer. “Pedal to the metal,” Senate Majority Leader John Thune offered in a speech Thursday near the height of the Musk drama — ignoring promises from the world’s richest man to oust lawmakers who didn’t join his…
May’s Consumer Price Index (CPI) report showed inflation pressures eased on a monthly basis despite investor concerns that President Trump’s tariffs would accelerate the pace of price increases. The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 0.1% month over month, below April’s 0.2% rise and lower than economists’ estimates of a 0.2% monthly gain in prices. On an annual basis, CPI rose 2.4% in May, a slight uptick from April’s 2.3% gain, which marked the lowest yearly increase since February 2021. On a “core” basis, which excludes volatile food and energy…
Health Secretary Robert F. Kennedy Jr. sent shockwaves through the scientific community this week when he fired all 17 members of the federal government’s key vaccine advisory board, raising concerns that he might try to replace them with immunization skeptics. Those fears were confirmed for many on Wednesday when Kennedy unveiled eight new members who included some of the most prominent critics of the COVID-19 vaccines. The swap could have wide-reaching public health consequences. But one of the most straightforward impacts may be on consumers’ wallets. That’s because recommendations by the board — known as the Advisory Committee for Immunization…
Listen and subscribe to Living Not So Fabulously on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. The glitz and glamour of Hollywood make it seem like TV and movie actors lead lives of luxury behind the scenes. But as the writers and actors strikes have shown, there’s a lot more financial struggle than one might think. “Financial restraints have shaped every aspect of my life,” actor Jen Tullock explained on Yahoo Finance’s Living Not So Fabulously (see video above or listen below). Tullock, who is known for her roles as Devon on Apple TV’s “Severance” and Anita St.…
Most American adults are stumped by basic retirement-related questions. That’s according to a new report from the TIAA Institute and the Global Financial Literacy Excellence Center at the George Washington University School of Business. Most quiz respondents bombed, big-time, when posed six questions related to Social Security benefits, Medicare coverage, employment-based retirement savings, ensuring lifetime income, and life expectancy in retirement. Advertisement: High Yield Savings Offers Powered by Money.com – Yahoo may earn commission from the links above. On average, they answered two out of six questions correctly. But is this surprising? “Decisions concerning Social Security and Medicare are not…
The Federal Reserve is widely expected to hold interest rates steady at its meeting this week, but investors will be watching for something else — whether central bank policymakers are still committed to two rate cuts this year. The Fed’s latest round of projections, released Wednesday, will include the much-studied “dot plot,” a chart updated quarterly that shows each Fed official’s prediction about the direction of the central bank’s benchmark interest rate. The last dot plot, released in March, revealed a consensus among Fed officials for two cuts this year as some were already factoring the uncertainties of President Trump’s…
TikTok is once again on the verge of being banned in the US. Parent company ByteDance has until June 19 to reach a deal to either sell off the short-form video app or shut it down, leaving its 170 million users in the dark. President Trump previously signaled that he was open to extending the deadline for the sale a third time. The app briefly went offline in January, but Trump pushed the date to April as negotiations around a sale continued to drag on. He signed a second executive order extending the deadline again, but that will expire Thursday.…