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President Donald Trump said on Thursday that he doesn't really need to have Elon Musk in his administration."Elon has done a fantastic job. Look, he's sitting here, and I don't care. I don't need Elon for anything other than I happen to like him," Trump told reporters during a Cabinet meeting at the White House.Trump…

The world's richest people saw their net worth once again skyrocket as the stock market surged on Wednesday following the news that President Donald Trump had rolled back his aggressive tariff plan that had, in recent weeks, sent the market into a tailspin.Together, the top 10 wealthiest people saw a combined $135.33 billion rally in…

Kimbal Musk, the younger brother of Elon Musk, said on Monday that President Donald Trump's slate of reciprocal tariffs would be like imposing a "permanent tax" on US consumers."Who would have thought that Trump was actually the most high tax American President in generations," Musk wrote on X on Monday."Through his tariff strategy, Trump has…

Elon Musk, one of President Donald Trump's biggest supporters, has been locking horns with Trump's top trade advisor, Peter Navarro."A PhD in Econ from Harvard is a bad thing, not a good thing," the Tesla and SpaceX CEO said of Navarro's academic qualifications in an X post on Saturday."Results in the ego/brains>>1 problem," Musk added.Navarro…

President Donald Trump said on Sunday that while he doesn't want the stock market to tank, the sweeping tariffs he announced last week are needed to fix America's trade deficits with other countries."I don't want anything to go down, but sometimes you have to take medicine to fix something," Trump told reporters on Sunday night."We…

While President Donald Trump has acknowledged his aggressive tariff plan may result in "little pain" in the short term, some business figures, like billionaire "Shark Tank" star Mark Cuban, see a greater risk of long-term economic harm.In a series of Bluesky posts Saturday, Cuban expanded on his previous critiques of Trump's trade policies. The Cost…

Commerce Secretary Howard Lutnick said on Thursday that the US intends to take chip manufacturing from Taiwan.Lutnick said in an interview on CNBC's "Squawk Box" that while President Donald Trump's latest round of tariffs didn't apply to semiconductors, Trump is still looking at how the US can regain its foothold in chip making."Donald Trump's going…

JPMorgan's chief global economist has a bleak outlook on President Donald Trump's aggressive tariff policy: "There will be blood."In a research note to clients published on Thursday, JPMorgan's Bruce Kasman, along with several other company economists, warned that the risk of the global economy falling into a recession has increased from 40% to 60% in…

If you thought the cost of groceries was high before, economists and supply chain experts have some bad news.President Donald Trump on Wednesday announced sweeping 10% tariffs on goods from any country imported into the United States, and even higher tariffs for 60 trading partners with a persistent trade deficit with the US.The wide-reaching "Liberation…

OpenAI's CEO Sam Altman said on Tuesday that handling the ChatGPT maker's new product releases are reminding him of his early days as a Y Combinator-backed founder."Lol I feel like a YC founder in 'build in public' mode again," Altman wrote in a post on X.Altman's remark comes after a busy week for OpenAI. The…