US stocks tumbled Friday and a broad selloff gripped Wall Street as investors digested slightly stubborn inflation data and weakening consumer sentiment while wrestling with continued tariff anxiety. read more
A federal judge blocked the Trump administration from dismantling the Voice of America, the U.S.-run international broadcasting service. read more
Mar 28, 2025
The MAGA cult's fealty to President Trump is rapidly approaching North Korea levels.
President Donald Trump revealed his intentions to reshape the Smithsonian Institution with an executive order Thursday ... read more
President Trump's administration asked the U.S. Supreme Court on Friday to lift a lower court's order and allow it to use the Alien Enemies Act to swiftly remove alleged members of a Venezuelan gang. read more
"Musk and colleagues insisted Thursday that Social Security is plagued by fraud, claiming that 40% of calls to phone centers in some cases were fraudulent and that 15 million "living" people age 120+ were on the agency's rolls
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"Social Security's acting commissioner has repeatedly downplayed those fraud allegations and said the actual tally was on the order of $100 million a year, a small fraction of 1% of what the agency pays out.
By the numbers: Anger over Musk-driven cuts has spilled over to his business interests, particularly Tesla, whose shares have lost a third of their value this year."
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Let's repeat that... Soc Sec pays less than 1 percent of it's Budget for Administration.
None of Musk's companies does that.
"AI Overview
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Corporations typically allocate around 20-25% of their revenue to administrative expenses, but this can vary significantly based on industry, size, and other factors.
Here's a more detailed breakdown:
General Range:
A common benchmark is that administrative expenses should fall between 10% and 25% of a company's revenue."
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"Things Are Bad At Tesla And They're About To Get Much Worse
Forbes
Mar 28, 2025 Forbes Daily Briefing
The EV company's sales are tanking in all major markets as its Chinese rivals are surging. But Tesla's problems are just beginning."
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