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Ex-Trump Aide Names The Elon Musk Attack That's 'Going To Stick The Most' With Trump

Ex-Trump Aide Names The Elon Musk Attack That's 'Going To Stick The Most' With Trump

Yahoo06-06-2025
Ex-White House communications director Alyssa Farah Griffin on Thursday revealed that Elon Musk's dig at the remaining time in Donald Trump's presidency is exactly what he's 'afraid of' amid his fallout with the billionaire.
Musk, in a post to his social media platform, offered far-right conspiracist Laura Loomer 'some food for thought' after she claimed that Republicans are debating whether to take the side of the 'the most powerful man in the world' or 'the richest man in the world' in their explosive public clash.
'Trump has 3.5 years left as President, but I will be around for 40+ years …,' Musk wrote.
In a CNN appearance, Griffin said that attack — despite posts tying him to the Jeffrey Epstein files and predicting his tariffs will cause a recession — is 'going to stick the most' with Trump as it essentially calls him a 'lame-duck president.'
She argued that if Trump's 'big, beautiful bill' doesn't meet the 60-vote threshold needed to avoid a filibuster in the Senate and doesn't end up passing, that could be a blow to his 'entire legislative agenda' with the midterms around the corner next year.
'He's realizing, like, this is the most damaging thing at this moment that could be happening,' said Griffin of Trump.
Griffin — who described the Musk-Trump breakup as 'wild' — said countless Republicans in Congress are now weighing getting 'crosswise' with Musk if they're running again in 2026 as the billionaire is willing to spend 'endlessly' in their district should they back the bill.
Other GOP lawmakers not up for reelection 'might wait it out,' she predicted, as they don't want to get on Trump's 'bad side.'
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Stock market today: Dow, S&P 500, Nasdaq inch higher to start busy week of Big Tech-dominated earnings
Stock market today: Dow, S&P 500, Nasdaq inch higher to start busy week of Big Tech-dominated earnings

Yahoo

time7 minutes ago

  • Yahoo

Stock market today: Dow, S&P 500, Nasdaq inch higher to start busy week of Big Tech-dominated earnings

US stocks rose on Monday, with fresh records for the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) in sight as Wall Street prepares for a busy week of Big Tech-highlighted earnings and eyes the continued risks around President Trump's looming tariffs. The S&P 500 and the tech-heavy Nasdaq gained about 0.2% and nearly 0.4%, respectively, following last week's record-setting rally in growth names. The Dow Jones Industrial Average (^DJI) gained around 0.2% after the blue-chip benchmark finished slightly negative. This week sees investor focus dominated by two topics: Clarity on US trade policy as the implementation of tariffs looms, and earnings from tech heavyweights as Wall Street eyes record-high market valuations. On the trade front, the EU is said to be stepping up the scope of its retaliation if it fails to strike a trade pact with the US. The bloc is open to an unbalanced deal to break a talks deadlock before the Aug. 1 implementation of Trump's tariffs, per Bloomberg. But Trump's increasingly hardline stance and EU member opposition to concessions are denting hopes for an agreement. Read more: The latest on Trump's tariffs Over the weekend, Commerce Secretary Howard Lutnick reaffirmed the White House's August deadline for new tariffs, calling it a "hard stop" for compliance — before saying that he's looking at continued conversation beyond that date. Meanwhile, Domino's Pizza (DPZ) second quarter sales beat estimates as new products drew buyers, helping offset the impact of tariff uncertainty. Reports from Verizon Communications (VZ) and Cleveland-Cliffs (CLF) are among other highlights on Monday's docket. Earnings season shifts into high gear this week with Alphabet (GOOG) and Tesla (TSLA) set to release updates on Wednesday — the first of the "Magnificent Seven" to report for the second quarter. Strong results could validate stretched valuations as the market's focus on AI growth is once again attracting comparisons to historic tech bubbles. 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TSMC rides AI wave over trillion-dollar crest Taiwan Semiconductor Manufacturing Co.'s market value has pushed over $1 trillion for the first time in the company's history. The chip-manufacturing giant has seen its stock price double in the past year, reaching an all-time high Friday. Bloomberg reports: The main supplier of chips to Apple Inc. (AAPL) and Nvidia Corp. (NVDA) saw it shares climb to a record high on Friday, a near 50% rise from an April low. The company's market capitalization now rivals that of Berkshire Hathaway Inc., with further gains potentially putting it among the world's 10 biggest companies by value. TSMC's stock surge reflected growing investor confidence that the world's top chipmaker will ride the AI boom to even greater dominance. The company raised its full-year revenue growth forecast to about 30% last week, signaling TSMC may benefit in a tightening race for AI manufacturing capacity. 'We think that TSMC's tone towards advanced node demand is even more positive with AI customers showing no signs of demand slowdown,' wrote Goldman Sachs Group Inc. analysts including Bruce Lu after TSMC's quarterly earnings. 'We expect to see a higher magnitude of price hike in 2026.' Read more here. Oil prices hold steady with Russia sanctions in focus Oil prices remained little changed overnight Sunday with geopolitical tensions impacting supply concerns. Russia is facing sanctions on oil production as a result of the countries war with Ukraine. Reuters reports: Read more here. Trending tickers in premarket trade: Verizon, Block, Tesla, Opendoor Here's a look at the top trending tickers and movers in premarket trading: View more trending tickers here. Here's a look at the top trending tickers and movers in premarket trading: View more trending tickers here. Opendoor explodes higher, extending retail frenzy Opendoor (OPEN) stock rose another 28% in premarket trading Monday after it exploded 188% last week. Retail investors have piled into the stock, cementing its meme status, after EMJ Capital principal and Carvana (CVNA) spotter Eric Jackson posted a bull thesis on X. Opendoor stock had fallen to penny stock status after reaching a high of $39.24 in February 2021, Yahoo Finance's Jake Conley reported. Now it's trading around $2.87 as posts on the meme-stock Reddit forum r/WallStreetBets fuel gains. Opendoor (OPEN) stock rose another 28% in premarket trading Monday after it exploded 188% last week. Retail investors have piled into the stock, cementing its meme status, after EMJ Capital principal and Carvana (CVNA) spotter Eric Jackson posted a bull thesis on X. Opendoor stock had fallen to penny stock status after reaching a high of $39.24 in February 2021, Yahoo Finance's Jake Conley reported. Now it's trading around $2.87 as posts on the meme-stock Reddit forum r/WallStreetBets fuel gains. Domino's Pizza posts Q2 sales beat, but profit falls short Shares of Domino's Pizza popped about 3% in premarket trade on the heels of its second quarter results as Wall Street weighed upbeat sales against disappointing earnings per share. Reuters reports: Read more here. Shares of Domino's Pizza popped about 3% in premarket trade on the heels of its second quarter results as Wall Street weighed upbeat sales against disappointing earnings per share. Reuters reports: Read more here. Block stock jumps after its inclusion in the S&P 500 Shares in Block (XYZ) surged over 9% in premarket trading after the payments company was added to the benchmark S&P 500 — reaching a new milestone for the fintech sector. Reuters reports: Read more here. 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TSMC rides AI wave over trillion-dollar crest Taiwan Semiconductor Manufacturing Co.'s market value has pushed over $1 trillion for the first time in the company's history. The chip-manufacturing giant has seen its stock price double in the past year, reaching an all-time high Friday. Bloomberg reports: The main supplier of chips to Apple Inc. (AAPL) and Nvidia Corp. (NVDA) saw it shares climb to a record high on Friday, a near 50% rise from an April low. The company's market capitalization now rivals that of Berkshire Hathaway Inc., with further gains potentially putting it among the world's 10 biggest companies by value. TSMC's stock surge reflected growing investor confidence that the world's top chipmaker will ride the AI boom to even greater dominance. The company raised its full-year revenue growth forecast to about 30% last week, signaling TSMC may benefit in a tightening race for AI manufacturing capacity. 'We think that TSMC's tone towards advanced node demand is even more positive with AI customers showing no signs of demand slowdown,' wrote Goldman Sachs Group Inc. analysts including Bruce Lu after TSMC's quarterly earnings. 'We expect to see a higher magnitude of price hike in 2026.' Read more here. Taiwan Semiconductor Manufacturing Co.'s market value has pushed over $1 trillion for the first time in the company's history. The chip-manufacturing giant has seen its stock price double in the past year, reaching an all-time high Friday. Bloomberg reports: The main supplier of chips to Apple Inc. (AAPL) and Nvidia Corp. (NVDA) saw it shares climb to a record high on Friday, a near 50% rise from an April low. The company's market capitalization now rivals that of Berkshire Hathaway Inc., with further gains potentially putting it among the world's 10 biggest companies by value. 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Russia is facing sanctions on oil production as a result of the countries war with Ukraine. Reuters reports: Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Ex-Red Sox Executive Breaks Silence on 'Bold' Trade of $313 Million Superstar
Ex-Red Sox Executive Breaks Silence on 'Bold' Trade of $313 Million Superstar

Newsweek

time7 minutes ago

  • Newsweek

Ex-Red Sox Executive Breaks Silence on 'Bold' Trade of $313 Million Superstar

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. The Chicago Cubs have seized a top spot in the National League and are preparing to fortify their roster ahead of a push for the World Series. But the front office is no stranger to the other side of things, having been a stark deadline seller in recent years in attempts to rebuild after winning the World Series. President of baseball operations Jed Hoyer reflected on that recent history by highlighting the role of his former colleague Craig Breslow, who is now the chief baseball officer of the Boston Red Sox. "He was a big part of the decision to trade away our core World Series guys," Hoyer explained, per Jen McCaffrey of The Athletic. "It was time to reset and bring in new talent and put the organization in a different direction. He saw that as the right thing to do at the time." Apparently, that lesson stuck with Breslow. As the Red Sox publicly butted heads with franchise slugger Rafael Devers earlier this season, Breslow opted to trade him away to the San Francisco Giants. CHICAGO, ILLINOIS - JANUARY 12: Chicago Cubs President Jed Hoyer introduces Shōta Imanaga during a press conference at Lowes Hotel on January 12, 2024 in Chicago, Illinois. (Photo by) CHICAGO, ILLINOIS - JANUARY 12: Chicago Cubs President Jed Hoyer introduces Shōta Imanaga during a press conference at Lowes Hotel on January 12, 2024 in Chicago, Illinois. (Photo by) DiNuzzo/Getty Now, Hoyer has shared his reaction to the most shocking trade in recent Major League Baseball memory by praising Breslow's willingness to make it. "He's been bold with the (Garrett) Crochet deal, and obviously with the Devers deal, I loved the conviction he showed on that deal," Hoyer said, according to McCaffrey. "When I see other executives make decisions like that, I have so much respect because I know what goes into it from a personal standpoint." Though Red Sox fans might have been disappointed by the move, Hoyer is in a better position than most to understand the potential benefits of trading away a player in the midst of a $313 million contract like Devers. He is one of a number of ex-Red Sox executives who have gone on to run front offices of their own, including Pittsburgh Pirates general manager Ben Cherington. The Cubs have been embroiled in a four-year playoff drought since making their own sales, but those decisions seem to be paying off this season. As the Cubs look to transition their strong start into a deep playoff run, fans won't need to worry about Hoyer offloading any superstars this time around. But his praise for the Devers deal should be a reminder that tough roster decisions are never too far away. More MLB: 2 Braves Pitchers Linked To Potential Trade Ahead Of Deadline, Per Report

Harvard is hoping court rules Trump administration's $2.6B research cuts were illegal
Harvard is hoping court rules Trump administration's $2.6B research cuts were illegal

Chicago Tribune

time8 minutes ago

  • Chicago Tribune

Harvard is hoping court rules Trump administration's $2.6B research cuts were illegal

BOSTON — Harvard University will appear in federal court Monday to make the case that the Trump administration illegally cut $2.6 billion from the storied college — a pivotal moment in its battle against the federal government. If U.S. District Judge Allison Burroughs decides in the university's favor, the ruling would reverse a series of funding freezes that later became outright cuts as the Trump administration escalated its fight with the nation's oldest and wealthiest university. Such a ruling, if it stands, would revive Harvard's sprawling scientific and medical research operation and hundreds of projects that lost federal money. 'This case involves the Government's efforts to use the withholding of federal funding as leverage to gain control of academic decisionmaking at Harvard,' the university said in its complaint. 'All told, the tradeoff put to Harvard and other universities is clear: Allow the Government to micromanage your academic institution or jeopardize the institution's ability to pursue medical breakthroughs, scientific discoveries, and innovative solutions.' A second lawsuit over the cuts filed by the American Association of University Professors and its Harvard faculty chapter has been consolidated with the university's. Harvard's lawsuit accuses President Donald Trump's administration of waging a retaliation campaign against the university after it rejected a series of demands in an April 11 letter from a federal antisemitism task force. The letter demanded sweeping changes related to campus protests, academics and admissions. For example, the letter told Harvard to audit the viewpoints of students and faculty and admit more students or hire new professors if the campus was found to lack diverse points of view. The letter was meant to address government accusations that the university had become a hotbed of liberalism and tolerated anti-Jewish harassment on campus. Harvard President Alan Garber pledged to fight antisemitism but said no government 'should dictate what private universities can teach, whom they can admit and hire, and which areas of study and inquiry they can pursue.' The same day Harvard rejected the demands, Trump officials moved to freeze $2.2 billion in research grants. Education Secretary Linda McMahon declared in May that Harvard would no longer be eligible for new grants, and weeks later the administration began canceling contracts with Harvard. As Harvard fought the funding freeze in court, individual agencies began sending letters announcing that the frozen research grants were being terminated. They cited a clause that allows grants to be scrapped if they no longer align with government policies. Harvard, which has the nation's largest endowment at $53 billion, has moved to self-fund some of its research, but warned it can't absorb the full cost of the federal cuts. In court filings, the school said the government 'fails to explain how the termination of funding for research to treat cancer, support veterans, and improve national security addresses antisemitism.' The Trump administration denies the cuts were made in retaliation, saying the grants were under review even before the April demand letter was sent. It argues the government has wide discretion to cancel contracts for policy reasons. 'It is the policy of the United States under the Trump Administration not to fund institutions that fail to adequately address antisemitism in their programs,' it said in court documents. The research funding is only one front in Harvard's fight with the federal government. The Trump administration also has sought to prevent the school from hosting foreign students, and Trump has threatened to revoke Harvard's tax-exempt status. Finally, last month, the Trump administration formally issued a finding that the school tolerated antisemitism — a step that eventually could jeopardize all of Harvard's federal funding, including federal student loans or grants. The penalty is typically referred to as a 'death sentence.'

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