President Donald Trump has escalated his sudden rupture with Elon Musk by implying the government could sever ties with the tech titan’s businesses. ‘The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I was always surprised that Biden didn’t do it,’ Trump wrote Thursday on Truth Social. Various estimates have been put forward about just how much Musk’s firms, primarily SpaceX and Tesla, benefit from U.S. government contracts and subsidies. The Washington Post has put the figure at $38 billion, with SpaceX President and COO Gwynne Shotwell estimating that company alone benefits from $22 billion in federal spending. Reuters has reported that the true figure is classified because of the nature of many of the contracts Musk’s firms are under. NASA relies on SpaceX to ferry astronauts to and from the International Space Station. The agency’s only…
Procter & Gamble will cut 7,000 jobs, or roughly 15% of its non-manufacturing workforce, as part of a two-year…
Use of low-cost e-commerce giants Temu and Shein has slowed significantly in the key U.S. market amid President Donald…
A nationwide coordinated crackdown on retail crime — what authorities are calling the first of its kind — led…
OpenAI on Wednesday announced that it now has 3 million paying business users, up from the 2 million it…
Peloton on Tuesday launched its own marketplace for reselling used equipment and gear as the company looks to capitalize…
Shares of Dollar General jumped nearly 16% on Tuesday after the discounter raised its outlook, saying it drew more…
Byron Allen is putting his broadcast TV stations up for sale. Allen Media Group said on Monday it has…
Amazon’s devices unit has a new team tasked with inventing “breakthrough” consumer products that’s being led by a former…