Author: potus

Tesla’s sell-off on Wall Street intensified on Monday, with shares of the electric vehicle maker plunging 15%, their worst day on the market since September 2020.On Friday, Tesla wrapped up a seventh straight week of losses, its longest losing streak since debuting on the Nasdaq in 2010. The stock has fallen every week since CEO Elon Musk went to Washington, D.C., to take on a major role in the second Trump White House.Since peaking at $479.86 on Dec. 17, Tesla shares have lost more than 50% of their value, wiping out upward of $800 billion in market cap. Monday marked…

Ontario, Canada’s most populous province, retaliated against President Trump’s economic threats on Monday by imposing a 25 percent surcharge on the energy that it exports to Michigan, Minnesota and New York.The move will cost businesses and residents in each state up to $400,000 per day, and lift the average energy bill by about $100 per month, Premier Doug Ford said at a news conference. The province exports enough energy to power about 1.5 million homes and businesses in those states, he added. They went into effect on Monday.President Trump imposed 25 percent tariffs on Canadian exports last Tuesday, but then…

The Trump administration has targeted USAID as part of his efforts to trim government spending and reduce ‘waste’.The United States has cancelled 83 percent of all the programmes at the US Agency for International Development (USAID) following a six-week review, according to Secretary of State Marco Rubio. “The 5,200 contracts that are now cancelled spent tens of billions of dollars in ways that did not serve, (and in some cases even harmed), the core national interests of the United States,” Rubio wrote in a post on the social media platform X. Rubio did not specify exactly which programmes were being…

(The Center Square) – Illinois lawmakers are pushing patient “end-of-life” bills for the second year in a row, but a coalition opposed to the legislation says people who are disabled would be harmed.Stop Assisted Suicide Illinois Coalition members say Senate Bill 9 and House Bill 1328 would legalize assisted suicide.Disability policy professional Jules Good said many disabilities can become terminal due to lack of access to appropriate care. Good said there has been a push by some doctors to reclassify treatable conditions like anorexia as terminal.“I cannot overstate how dangerous this is. When I was at my lowest, if a…

WASHINGTON (AP) — The Education Department’s Office for Civil Rights is known best for enforcing the right to disability services across America’s schools. But under President Donald Trump, it’s taking a frontline role in his political battles.Trump appointees have halted thousands of pending cases while they open new investigations aligned with the president’s campaign promises. Career staffers have been sidelined and pressured to quit, and those who remain are being ordered to refocus priorities on antisemitism, transgender issues and anti-DEI complaints.A memo Friday from the civil rights office’s chief announced antisemitism cases are now the top priority, taking aim at…

Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas on Jan. 6, 2025.Steve Marcus | ReutersNvidia has lost nearly a third of its value just two months after notching a fresh high.The leading chipmaker slumped about 5% on Monday, building on last week’s losses as heavy selling continued across the tech sector. The popular artificial intelligence stock has shed about a fifth of its market cap since President Donald Trump’s inauguration.The stock hit an intraday high of $153.13 on Jan. 7.Tariff fears and growth concerns have rocked technology stocks,…

Elon Musk’s social media platform X experienced several outages on Monday, leaving some users unable to load the site.Nearly 40,000 users reported problems with the platform around 10 a.m. ET,  according to the analytics platform Downdetector, which gathers data from users who spot glitches and report them to the service. Around 28,000 people were experiencing issues as of 11:30 a.m. ET, and about 22,000 people were having trouble with the site as of 2:00 p.m. ET.When X resumed loading for some users Monday afternoon, Musk said the company had suffered a “massive cyberattack.” Musk did not provide any evidence, and…

Israel says it has cut off electricity to Gaza in what seems like another attempt to force Hamas to accept changes it wants to impose upon the ceasefire terms agreed in January. Israel imposed a blockade of humanitarian aid entering Gaza early in March in an attempt to force Hamas into extending the ceasefire’s first phase and releasing more captives. It wants to do that to avoid moving to the second phase, which would entail a permanent end to the war. Aid agencies, human rights organisations and countries, including some of Israel’s allies, have denounced the decision, citing its humanitarian…

CFOTO | Future Publishing | Getty ImagesBitcoin dropped under the $80,000 level on Monday, dragged by the continued selling pressure in the equities market.Earlier, the price of the flagship cryptocurrency fell as low as $77,396.43, its lowest level since November, according to Coin Metrics.Stock Chart IconStock chart iconBitcoin in the past dayShares of companies linked to the crypto space also slid. Coinbase ended the day down 17.6%. Robinhood lost 19.8%, and bitcoin proxy play Strategy, formerly known as MicroStrategy, declined more than 16%.Bitcoin exchange-traded funds are coming off their fourth week in a row of outflows. They logged $867 million…

Pekín empezó a imponer aranceles el lunes a muchos productos agrícolas procedentes de Estados Unidos, para los que China es el mayor mercado exterior. Es la más reciente escalada de una lucha comercial entre las dos mayores economías del mundo.El gobierno chino anunció los aranceles la semana pasada, poco después de que el presidente Donald Trump aumentó los aranceles a los productos chinos por segunda vez desde que asumió el cargo en enero. Los aranceles de China incluirán un gravamen del 15 por ciento a productos estadounidenses como el pollo, el trigo y el maíz, así como del 10 por…