The FinTech Hub
Source: The Verge Elon Musk has an uncanny ability to sort out which of America’s rules are real. It turns out punishment from the National Labor Relations Board isn’t real, punishment from NASA isn’t real, and punishment from the FAA isn’t real. The Delaware Chancery Court is extremely real. Based on the past two weeks,…
Source: The Verge President Donald Trump’s administration is being sued over Elon Musk’s alleged “massive and unprecedented” intrusion into the American government’s payment systems. The suit, filed in a Washington, DC federal court Monday evening by the advocacy group Public Citizen, calls for the court to stop the “unlawful, ongoing, systematic, and continuous disclosure of…
Source: The Verge In the first two weeks of Donald Trump’s presidency, Elon Musk and his Department of Government Efficiency (DOGE) have reportedly gained access to core parts of the American government’s payment systems, including systems that affect Social Security and Medicare benefits — as federal workers and government officials struggle to respond. DOGE, an…
Source: The Verge The Canadian province of Ontario is canceling a $100 million CA (about $68 million USD) contract with Starlink in response to tariffs US President Donald Trump issued on Canada over the weekend, reports The Associated Press. Ontario Premier Doug Ford wrote on X today that the region is also “banning American companies…
Source: The Verge Companies have been cutting costs. | Photo by Natt Garun / The Verge Over the last couple years, it feels like we’ve heard news of mass layoffs and hiring freezes from tech companies nearly every week, and since the beginning of 2024, there’s been a new wave of layoffs and firings. In…
Source: The Verge The National Transportation and Safety Board will only update the press about the plane crashes in Washington, DC and Philadelphia on X — not over email, as reported earlier by The Desk. The agency announced on Saturday that it will use its @NTSB_Newsroom account to share ”news conferences or other investigative information.“…
Source: The Verge The Federal Aviation Administration is facing its first major aviation disaster in 16 years without a leader because Elon Musk helped push him out. Michael Whitaker stepped down as FAA administrator on January 20th, the day of Donald Trump’s inauguration, after clashing with Elon Musk, who’s company SpaceX is regulated by the…
Source: The Verge For years, Tesla CEO Elon Musk has been promising an affordable electric vehicle, likely priced at $25,000, as a way to broaden the appeal of plug-in vehicles. He first mentioned it in a 2018 interview with YouTuber Marques Brownlee, saying “a $25,000 car, that’s something we can do.” Then in 2020, at…
Source: The Verge Tesla will launch an “unsupervised, no one in the car” robotaxi service in Austin, Texas, in June, Elon Musk said in an earnings call Wednesday. “We just want to put a toe in the water, make sure everything’s okay, put a few more toes in the water, with safety of the general…
Source: The Verge It’s one week into Elon Musk’s new role as chief cost-cutter for the Trump administration, but today, his side hustle as CEO of Tesla takes center stage with the release of the company’s latest earnings report. During the fourth quarter of 2024, Tesla said it earned $2.3 billion in net income on…
