Elon Musk
Telcos race to transition from ‘dumb pipes’ to tech players with help from AI
Ryu Young-sang, CEO of South Korean telecoms giant SK Telecom, told CNBC that AI is helping telecoms firms improve efficiency in their networks. Manaure Quintero | Afp | Getty Images BARCELONA — Global telecommunications firms are talking up advances in key technologies like artificial intelligence as they look to transition away from being perceived as […]
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Treasury Secretary Bessent says White House is heading off a ‘guaranteed’ financial crisis
Treasury Secretary Scott Bessent speaking to CNBC on March 13th, 2025. CNBC Treasury Secretary Scott Bessent said Sunday the Trump administration is focused on preventing a financial crisis that could be the result of massive government spending over the past few years. “What I could guarantee is we would have had a financial crisis. I’ve studied […]
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After Elon Musk’s Delaware exit, state lawmakers weigh bill to overhaul corporate law
Tesla CEO Elon Musk looks on as US President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty Images Tesla CEO Elon Musk turned Delaware’s corporate law into a […]
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Trump signs order to gut Voice of America, other agencies
In this June 15, 2020, file photo, the Voice of America building stands in Washington. Andrew Harnik | AP President Donald Trump signed an executive order on Friday aimed at gutting the parent of U.S. government-funded media outlet Voice of America and six other federal agencies, his administration’s latest step to shrink bureaucracy. The order […]
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David Sacks sold $200 million in crypto-related holdings before taking White House job, ethics memo says
U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025. Evelyn Hockstein | Reuters David Sacks, the Trump administration’s AI and crypto czar, sold over $200 million worth of digital asset-related investments personally and through his firm, […]
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Tesla warns it could face retaliatory tariffs
U.S. automaker Tesla has warned that it and other major American exporters are exposed to retaliatory tariffs that could be leveled in response to President Donald Trump’s aggressive use of tariffs. The Tesla comments reflect those of many U.S. businesses concerned by Trump’s tariffs, but is notable because it is from Tesla. Tesla CEO Elon […]
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Tech’s 3-week sell-off, led by Tesla, wipes out $2.7 trillion in value from megacaps
Less than two months ago, the tech industry’s top leaders flocked to Washington, D.C., for the presidential inauguration, part of an effort to strike a friendly tone with President Donald Trump after a contentious first go-round in the White House. Thus far, they’ve avoided any nasty social media posts from the president. But their treatment […]
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U.S. Postal Service will cut workforce by 10,000 after signing deal with Elon Musk’s DOGE
United States Postal Service vehicles seen in New York City on Feb. 13, 2025. Danielle DeVries | CNBC U.S. Postmaster General Louis DeJoy told Congress he signed an agreement with Elon Musk’s DOGE government reform team to provide assistance to the money-losing agency as it works to address “big problems.” USPS, an independent government agency […]
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New York AG announces bill to protect consumers from scams after Trump hobbles CFPB
Key Points New York Attorney General Letitia James on Thursday announced a bill to protect the state’s consumers and small businesses from scams and deceptive practices from lenders, debt collectors and health care firms. James said in a release that the legislation would bolster the state’s existing consumer protection law — which dates from 1970 […]
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Meta’s Community Notes will use open-source technology from Elon Musk’s X
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta’s upcoming Community Notes feature for monitoring misinformation through crowdsourcing will use some technology developed by Elon Musk’s X for its similar service. On Thursday, Meta revealed in a […]
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