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- Student wounded and young suspect is in custody after shooting at Georgia high school, police say
- Forecasters warn a Pacific system could soak Hawaii as Tropical Storm Cristobal fades
- U.S. credit card debt grows by $21 billion in second quarter to $1.26 trillion
- Man kills his partner and child at their Minnesota daycare before taking his own life, police say
- North Carolina DoorDash driver beaten with bat, suspect arrested
- Consumer prices rose modestly in July, easing pressure on Federal Reserve
- Trump cheers ‘exciting’ Patriot Games finals as Kansas girl and Utah boy win finals
- Tiffany Haddish avoids more jail time by pleading guilty to a drunken driving charge in Georgia
Author: rpnadmin
Trump threatens to cut off Elon Musk’s federal subsidies. That could cost Tesla and SpaceX billions.
President Trump on Thursday suggested cutting off federal subsidies and contracts to Elon Musk’s companies, escalating a feud between the president and the world’s richest person. “The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts,” Mr. Trump wrote on Truth Social. Following through on the threat could cost Musk billions. His two largest companies, SpaceX and Tesla, both benefit from a wide array of government programs ranging from lunar launch contracts to electric car incentives.Musk answered Mr. Trump with a threat of his own, vowing to cut off SpaceX’s…
Tesla shares plunged on Thursday as an increasingly bitter spat between CEO Elon Musk and President Trump erupted in public, with Mr. Trump suggesting the federal government could strip Musk’s companies of their federal contracts. Tesla’s stock tumbled by as much as 18% in intraday trading — the electric car maker’s sharpest selloff in almost five years — before regaining some ground to close down 14.3%, or $47.35. The drop wiped out about $151 billion in Tesla’s market value.The shares resumed their decline in after-hours trading. The plunge comes as Mr. Trump and Musk, the world’s richest person, traded barbs on social…
President Trump meets in the Oval Office on June 5. Michael Kappeler/Pool/AFP via Getty Images hide caption toggle caption Michael Kappeler/Pool/AFP via Getty Images The feud between President Trump and his former adviser, Elon Musk, ramped up Thursday as the two lashed out at each other on social media. Musk — who for days has been blasting a GOP megabill advancing most of Trump’s biggest domestic policy priorities — said that Trump would have lost the election without his support, and called him ungrateful. Then Trump posted that “the easiest way” to save billions of dollars of government spending would…
Washington — A homeland security official who served during President Trump’s first term and who authored an anonymous op-ed criticizing him is speaking out after he was targeted by the president in an executive memo.Miles Taylor, who was chief of staff at the Department of Homeland Security and left the Trump administration in 2019, said learning of the memo was a “gut punch” that has taken a devastating toll. “When you get named on a modern black list from the White House, it results in the systematic destruction of your life, professionally and personally,” Taylor told CBS News in an interview…
June 5, 2025 A shrewd observer of authoritarianism warns against normalizing what should shock us. Ad Policy A firefighter monitors the spread of the Auto Fire in Oxnard, outside of Los Angeles, California, on January 13, 2025.(Etienne Laurent / AFP via Getty Images) This story is part of Covering Climate Now, a global journalism collaboration cofounded by Columbia Journalism Review and The Nation strengthening coverage of the climate story. Writing in The New York Times on May 28, journalist M. Gessen recalled feeling “shocked many times” while “living in and reporting on Russia when Vladimir Putin took and consolidated power.” But as one outrage followed…
Washington — President Trump questioned the future of his relationship with billionaire ally Elon Musk on Thursday, saying he’s “very disappointed” in the man who was instrumental in helping him win the White House and shaping the first months of his administration.”Elon and I had a great relationship,” Mr. Trump told reporters in the Oval Office on Thursday, during a meeting with newly elected German Chancellor Friedrich Merz. “I don’t know if we will anymore.”Musk, who formally left his government position at the end of May, has been severely criticizing the House-passed “one big, beautiful bill,” slamming Republican lawmakers for…
Washington — President Trump spoke to Chinese President Xi Jinping on Thursday morning about the ongoing trade dispute between the U.S. and China, with Mr. Trump saying the two leaders agreed to have their teams resume talks “shortly.”Mr. Trump wrote on Truth Social that he and Xi spoke for 90 minutes and addressed a number of outstanding issues surrounding a temporary truce reached on May 12 that was meant to alleviate the escalating trade war between the two countries. He said the conversation “was focused almost entirely on TRADE” and “resulted in a very positive conclusion for both Countries.”Under the May…
Some nine million people in the U.S. get federal housing assistance. Most are elderly or disabled, and would be exempt from a proposed rule regarding time limits or work requirements, according to a HUD employee familiar with the plan. But millions of others could still face harsh consequences. Mario Tama/Getty Images hide caption toggle caption Mario Tama/Getty Images The Department of Housing and Urban Development wants to limit the amount of time people can get federal rental subsidies and add work requirements as a condition of funding, according to an internal document seen by NPR. Only a few local housing…
Doctors urge high risk groups to limit outdoor activity amid air quality alert Doctors urge high risk groups to limit outdoor activity amid air quality alert 01:53 An air quality map shows conditions across the United States on Thursday as Canadian wildfire smoke is forecast to continue to impact parts of the country, prompting air quality alerts and advisories in multiple states.The map shows parts of Michigan and Illinois were facing unhealthy air as of early Thursday morning, according to a federal measurement system called the Air Quality Index. Minnesota and Wisconsin had experienced unhealthy air Wednesday and the days prior.The air…
Politics / Q&A / June 5, 2025 Targeted by billionaires and right-wing PACs, the first Muslim woman on the New York City Council is defending gig workers, tenants, and the Gaza solidarity movement. Ad Policy New York City Council member Shahana Hanif speaking at a rally at City Hall in New York City on January 30, 2024.(Melissa Bender / NurPhoto via AP Hundreds of thousands of dollars from real estate developers, finance executives, and the Israel lobby are flooding into New York City’s District 39 council race in an attempt to unseat Councilwoman Shahana Hanif. Hanif, the daughter of Bangladeshi…