Department Of Government Efficiency

Elon Musk reportedly decided to scale back his role at the White House Department of Government Efficiency (DOGE) following a denial by President Donald Trump of a secret briefing on China. What Happened: Former White House chief strategist Steve Bannon described this as a pivotal...

The Trump administration has made an urgent plea to the Supreme Court to prevent Elon Musk‘s Department of Government Efficiency (DOGE) from disclosing its operational documents to a federal watchdog group. What Happened: The administration made the appeal on Wednesday, asking the...

As U.S. Treasury yields spike alongside falling equities and a weakening dollar, investor Chamath Palihapitiya puts the blame squarely on the media and the political establishment. What Happened: On Wednesday, in a post on X, Palihapitiya, while talking about the rising yields and renewed...

Tesla Inc. (NASDAQ:TSLA) Elon Musk amplified a cost-cutting move by President Donald Trump's Department of Government Efficiency (DOGE) on Wednesday, stating that the U.S. government may be wasting $100 million a year on inactive phone lines. What Happened: In a post on X, formerly Twitter, DOGE's...

The once prominent figure of Elon Musk in President Donald Trump’s administration appears to be reportedly fading in a gradual manner. The Tesla Inc. (NASDAQ:TSLA) CEO, who was frequently mentioned by Trump and his administration, has not been referenced in over a month. What Happened: The...

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk may have hurt the electric vehicle brand and its sales demand by diving deeper into the world of politics. Shareholders who bought Tesla stock during periods tied to Musk's political moves may have seen gains along the way. Here's a look back at Musk's...

In the first 100 days of 2025, as Donald Trump began his second presidential term, the stock market experienced one of its worst starts in decades, wiping out billions in investor wealth. Among those who were hurt and are now looking to play defense with investments are large pension funds. What...

Sen. Elizabeth Warren (D-Mass.) accused Elon Musk, Vice President JD Vance and President Donald Trump of "lying about Social Security fraud" and pointing to internal Social Security Administration files that found "no significant fraud" in a recent X post. What Happened: "This is a HUGE scandal....

Coinbase (NASDAQ:COIN) CEO Brian Armstrong has called on Department of Government Efficiency contractors to apply to Coinbase to “help create a more efficient financial system for the world.” What Happened: In a post on X on May 13, Armstrong wrote “If you’re looking for...

Bill Gates, co-founder of Microsoft Corp. (NASDAQ:MSFT), has criticized Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's recent push for $2 trillion in U.S. government budget cuts, focusing on the dismantling of the U.S. Agency for International Development. What Happened: Gates said, in an interview with...

The U.S. government is hemorrhaging hundreds of billions of dollars every year to fraud, a chunk of which is leeched by sophisticated overseas digital crime rings using stolen identities. What Happened: The Government Accountability Office estimates up to $521 billion in fraud losses annually, but...

Microsoft Corporation‘s co-founder and billionaire philanthropist, Bill Gates, has recently criticized Tesla CEO Elon Musk for his actions that Gates believes are detrimental to the world’s poorest children. What Happened: Gates, in his interview with the Financial Times, expressed...

The Trump administration is drastically reducing the workforce at the Internal Revenue Service (IRS), a move that could potentially lead to a rise in tax evasion. What Happened: Initial cuts by the Department of Government Efficiency (DOGE), overseen by Elon Musk, have resulted in the...

House Republicans are warning newly confirmed Social Security Administration Commissioner Frank Bisignano against further staffing reductions that could worsen already deteriorating customer service at the agency. What Happened: Fifteen House Republicans sent a letter to Bisignano shortly after his...

Tech might be the face of layoffs, but in 2025, it's the federal government racking up the body count. Layoff Numbers Speak For Themselves Sure, Intel Inc (NASDAQ:INTC) grabbed headlines in April when it laid off a staggering 22,000 workers – its second major bloodletting after a 15,000 cut...