Musk reveals future at DOGE as Tesla profits plummet
Elon Musk is expected to step back from DOGE after admitting Tesla took a hit over his ties to President Donald Trump. The ‘Fox … source
GM: Tariffs could cut $5B from profits
American automaker General Motors (GM) said Thursday that it could cut the tariffs on President Trump by just as much $5 billion from this year's profit. In a letter to investors, GM CEO and Chairman Mary Bala said her company “had been ongoing discussions with the president and his team even before taking office.” “They […]
Elon Musk to pull back in Doge role starting May amid 71% dip in Tesla profits | Tesla
Tesla’s chief executive Elon Musk said he will be pulled back from his role in the so-called “Government Efficiency Ministry” that begins in May. Musk’s remarks came when he reported a massive DIP in both profit and revenue in the first quarter of 2025 amid a backlash against his role in the White House. On […]
Elon Musk Says He Will Reduce Work For Trump As Tesla Profits Drop 71%
Washington: Elon Musk will focus on Tesla in May, significantly reducing Trump administration’s work. “Maybe next month, my time allocation to Doge will be significantly reduced,” Musk said he mentioned the “Government Ministry of Efficiency” work at the beginning of the revenue call. The comments said as Tesla reported a $409 million profit following a […]
Citi, Bank of America post higher profits as traders cash in on tariff turmoil
Two of the largest banks in the United States, Citigroup and Bank of America, earned better than expected in the first three months of the year as President Donald Trump raised higher revenue amid the threat of launching a world trade war. The banks enjoyed the benefits of investors adjusting their portfolios after being surprised […]
Johnson & Johnson worried about losses from China tariffs despite projecting $700 million in profits
Johnson & Johnson CEO said Trump’s tariffs on drugs could cause problems in the drug supply chain. In an investor’s call, CEO Joaquin Duato told colleagues that he should work with the Trump administration to address supply chain vulnerabilities that could result from tariffs. The statement appeared to be an effective call for the Trump […]
Giffords Claims Trump Working to Protect ‘Gun CEO Profits’
The Deputy Amendment Act is flooding the U.S. Capitol under Gifford, the gun control group of President Donald Trump and Gabby Gifford. Giffords posted on X: What Giffords calls the “special interests task force” is actually the second amendment task force announced last week by Attorney General Pam Bondi. Breitbart News noted that a task […]
Housebuilder Vistry pins hopes on £2bn affordable homes promise as profits fall | Vistry Group
The profits at the UK housebuilder visitor group have fallen by more than a third in what is described as a “disappointing year,” but this week it has pinned its turnaround hopes to the government's promise to inject £2 billion into affordable homes. After three profit warnings last year, Vistry suspended its dividend payments to […]
Gold Profits Could Be Key to Gov’t Bitcoin Play, Trump Crypto Chief Says – Bitcoinist
A reliable editorial Content reviewed by industry experts and veteran editors. Advertising disclosure Now that the Strategic Bitcoin Reserve (SBR) has become a formal government policy, its managers are rushing to build and potentially maintain plans. With an order to manage preparations using budget-neutral strategies, Boheins, executive director of US President Donald Trump on digital […]
John Lewis profits triple to £126m but hopes for staff bonus dashed again | John Lewis
John Lewis and Waitrose owners tripled their profits to £126 million, while workers from the staff-owned retail group missed out on the bonus for the third year in a row. John Lewis Partnership (JLP) said its revenue rose 3% in 12 months to £12.8 billion on January 25, 2025, with underlying profits rising from £42 […]