Elon Musk speaks during the first cabinet meeting hosted by U.S. President Donald Trump, at the White House in Washington, DC, U.S., February 26, 2025. Brian Snyder | ReutersPresident Donald Trump told Cabinet members last week that billionaire Elon Musk will leave his administration role in the coming months, NBC News reported Wednesday.A senior government official told NBC that Musk — whose DOGE team is engaged in a controversial effort to slash federal spending — would leave at the end of a 130-day stint as a special government employee.That specific designation, SGE, caps a person’s workdays per year at 130 days.…
Author: usaeverydaylife
NEW YORK — It’s early afternoon Tuesday, and Mikaela Shiffrin is sitting at the bar in a midtown Manhattan hotel, sipping tap water and noshing on shoestring fries — and talking about getting back onto the snow very soon.She’s five days removed from finishing her injury-interrupted season with her record-breaking 101st World Cup win, in the slalom at the World Cup finals at the Sun Valley Resort in Ketchum, Idaho. She should probably be trying to figure out what time she’s going to fall asleep on a deserted beach this afternoon.Instead, Alpine skiing’s greatest-ever skier is juggling some strength and…
The Trump administration has abruptly laid off the entire staff running a $4.1 billion program to help low-income households across the United States pay their heating and cooling bills.The firings threaten to paralyze the Low Income Home Energy Assistance Program, which was created by Congress in 1981 and helps to offset high utility bills for roughly 6.2 million people from Maine to Texas during frigid winters and hot summers.“They fired everybody, there’s nobody left to do anything,” said Mark Wolfe, executive director of the National Energy Assistance Directors Association, which works with states to secure funding from the program. “Either…
Check out the companies making headlines in midday trading: Tesla — Shares jumped more than 5%. Politico , citing three Trump insiders, reported President Donald Trump told members of his inner circle that Tesla CEO Elon Musk could leave his current role in the coming weeks. Later, the White House called the report “garbage,” but NBC News confirmed Politico’s reporting. Amazon — Shares of the e-commerce and cloud giant popped more than 2%. The New York Times , citing three people familiar, reported that Amazon has put in a bid to acquire TikTok. The video app is staring down an…
European exporters to the U.S. may face significant headwinds from new tariffs President Donald Trump is expected to unveil Wednesday afternoon . While details remain scarce ahead of a Rose Garden ceremony at 4 p.m. ET, investors have been bracing themselves for broad-based levies on imports. Treasury Secretary Scott Bessent previously called out the “Dirty 15,” or the 15% of countries that account for the majority of U.S. trading volume, which includes the European Union. Trump has also threatened to implement 200% tariffs on alcohol and spirits from Europe. The Stoxx Europe 600 index was last down around 1% in London…
President Donald Trump is set to announce his biggest wave of tariffs yet on Wednesday, which his administration has labeled “liberation day.”On Sunday, Trump dispelled the notion that a new wave of duties would be imposed only on 10 or 15 trading partners that have their own tariffs on U.S. goods. Instead, “you’d start with all countries,” Trump told reporters on Air Force One late Sunday. “So let’s see what happens. There are many countries.”The President’s specific plans have shifted frequently since he took office. But the overall message is clear: Trump remains committed to tariffs as economic policy, as…
To find Cinderella stories at this men’s Final Four, you have to look at the name on the back of the jersey rather than the front.For the second time in the history of the NCAA Tournament’s modern-day bracketing practices, all four top seeds advanced to the national semifinals. It will be No. 1 Florida vs. No. 1 Auburn and No. 1 Houston vs. No. 1 Duke on Saturday in the national semifinals, a perfect ending to a most chalky March Madness. Only one double-digit seed reached the Sweet 16, and all of the teams in the regional semifinals were from…
As AI transforms the global tech landscape, Singapore is making bold strides to position itself as a leader in AI innovation and regulation.As AI transforms the global tech landscape, Singapore is making bold strides to position itself as a leader in AI innovation and regulation.In this episode of Beyond the Valley, Singapore’s minister for digital development and information, Josephine Teo, joins CNBC’s Arjun Kharpal to discuss the nation’s strategy to harness AI, tackle risks like bias and cybersecurity and foster a thriving AI ecosystem.They also explore the country’s efforts to compete with global tech powers.Watch the video above for the…
A handful of industrial stocks could be safe plays for investors looking to find opportunity amid the ongoing market uncertainty, particularly after President Donald Trump’s unveiling later Wednesday of what are promised as sweeping tariff plans. Trump’s unpredictable approach to foreign policy and lack of details around the tariffs have ignited concerns about a potential global trade war, heightening concern that growth will slow and inflation rise. Stocks have swung wildly in the runup to Trump’s “reciprocal tariffs” that the President has said will be placed on all countries, and which ” will be effective immediately , according to the…
White House Senior Advisor Elon Musk walks to the White House after landing in Marine One on the South Lawn with U.S. President Donald Trump (not pictured) on March 9, 2025 in Washington, DC. Trump was returning to the White House after spending the weekend at Mar-a-Lago, his private club in Florida. Samuel Corum | Getty Images News | Getty ImagesTesla shares rose Wednesday, recovering earlier losses, after Politico reported that CEO Elon Musk could leave his post at the so-called Department of Government Efficiency. The stock was last up 4%. At it session lows, it had dropped as much as…
