Tag: Elon Musk

Chinese Researchers Reportedly View Elon Musk’s Starlink as a Military Threat

Chinese military researchers reportedly view the SpaceX-operated Starlink satellite internet system as a national security threat while suggesting Beijing needs to have the ability to destroy it. An expert suggests that the PLA has no capability to defeat Starlink. A Beijing-affiliated military TV program, “Crazy Warfare Show,” recently published an article analyzing the progress of…


Musk Deal for Twitter Dodges Lengthy US Antitrust Review

Twitter Inc. said on Friday that the U.S. antitrust waiting period for Elon Musk’s $44 billion acquisition of the social media giant had expired, indicating it had dodged a lengthy review of the proposed deal. With the expiration, completion of the deal is now subject to remaining customary closing conditions, including approval by Twitter stockholders…


Capitol Report (June 3): ‘Bad Feeling’ About Economy

President Joe Biden touts May’s jobs report, even as he admits it’s overshadowed by record-high inflation. And as Elon Musk warns about the economy, Biden brushes it off. To break down the latest jobs report, and what to expect in the labor market moving forward, we’ll hear from Bankrate’s chief financial analyst. The Biden administration’s…


Capitol Report (June 3): Biden Bushes Off Musk’s Comment on Economy; Analysis: Inflation to Stay

President Joe Biden touts May’s jobs report, even as he admits it’s overshadowed by record-high inflation. And as Elon Musk warns about the economy, Biden brushes it off. To break down the latest jobs report, and what to expect in the labor market moving forward, we’ll hear from Bankrate’s chief financial analyst. The Biden administration’s…


Capitol Report (June 3): Biden Brushes Off Musk’s Comment on Economy; Analysis: Inflation to Stay

President Joe Biden touts May’s jobs report, even as he admits it’s overshadowed by record-high inflation. And as Elon Musk warns about the economy, Biden brushes it off. To break down the latest jobs report, and what to expect in the labor market moving forward, we’ll hear from Bankrate’s chief financial analyst. The Biden administration’s…


Musk Has ‘Bad Feeling’ About Economy: Report; US Added 390,000 Jobs in May | NTD Business

Tesla CEO Elon Musk is calling to lay off 10 percent of the company’s workers, saying he has a bad feeling about the economy. The May jobs report is out. The United States added 390,000 jobs, but we’re still not back to pre-pandemic levels. LeBron James is now a billionaire, according to Forbes. We take a…


Biden Jabs at Musk’s ‘Super Bad Feeling’ About Economy, Musk Replies With Disarming Tweet

President Joe Biden took a jab at Tesla CEO Elon Musk’s “super bad feeling” about the economy comment when asked about it at a Friday press briefing on the government jobs report, insisting the labor market is in good health and suggesting Musk was out of touch with reality, drawing a reaction from Musk on Twitter….


Elon Musk Makes ‘Rare’ Endorsement of Political Candidate

Tech billionaire Elon Musk announced he is endorsing Los Angeles mayoral challenger Rick Caruso in a rare backing of a political candidate. “Los Angeles is fortunate to have someone like Rick Caruso running for mayor. He’s awesome,” he wrote on Twitter Friday. Musk noted that it is “rare” for him to “endorse political candidates,” according…


Elon Musk Has ‘Super Bad Feeling’ About Economy, Calls to Cut 10 Percent of Tesla Staff

Tesla CEO Elon Musk said in an internal company email viewed and reported on by Reuters that he had a “super bad feeling” about the economy and that the electric car giant needed to slash employment by around 10 percent. The email, which was reportedly titled “pause all hiring worldwide,” was sent on June 2…


Biden Cancels $5.8B in Student Loans; Musk Office Ultimatum Faces Pushback in Germany | NTD Business

The Biden administration is canceling billions of dollars in student loans for over half a million students—the biggest student debt cancellation in U.S. history. Germany’s biggest trade union is pushing back against Elon Musk, saying it’ll support any worker who opposes Musk’s order to return to the office. Worker productivity falls as wages surge. What could it…