Elon Musk is stepping back from his role in Trump’s administration to tackle mounting challenges at Tesla, which is facing falling profits, rising competition, and production woes. His political involvement, once praised for its innovation, drew criticism over ethical conflicts and blurred public-private lines. Now, as Tesla battles economic headwinds, Musk aims to restore investor confidence.
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The IEA will reintroduce a “current policies scenario” in its upcoming energy outlook to reflect existing policy pathways. Facing criticism from Energy Secretary Chris Wright—who has threatened U.S.
The US government is considering taking a stake in Intel using Chips Act funds, boosting the company’s share price. Talks follow recent tensions between the president and Intel’s
Trump Expands 401(k) Options to Include Private Equity and Cryptocurrency.
South Korea secures $350bn US deal, cutting tariffs and pledging major investment and energy purchases.
Coinbase has appointed Democratic strategist David Plouffe to its advisory council, deepening its bipartisan political strategy amid expanding crypto lobbying efforts. The move follows record industry spending and
U.S. crude oil production is expected to fall in late 2025 and into 2026, marking the first annual drop since the pandemic. Lower rig counts, weaker prices, rising
Tesla shares fell 14.2 per cent after Elon Musk criticised Donald Trump’s fiscal policies, prompting threats to cut subsidies. The political fallout erased $150 billion in market value
Elon Musk has sharply criticised Donald Trump’s proposed tax bill, calling it a “disgusting abomination.” The legislation, which increases defence spending and cuts social programmes, faces opposition in
A U.S. federal court has struck down President Trump’s global tariffs, ruling they exceed the limits of the International Emergency Economic Powers Act. The administration has appealed, insisting
Elon Musk has stepped down from his advisory role in the Trump administration after criticising a major tax and spending bill. His departure ends a 130-day tenure focused
