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Topline Tesla stock has soared 58% after CEO Elon Musk announced plans to leave DOGE. Can he restore the company’s brand value? If not, the company’s share price may be too high. WALNUT CREEK, CA – MAY 14: Matthew LeBrot is photographed with his Tesla cybertruck, bearing anti … More Musk slogans, in a park near his home in Walnut Creek, California on May 14, 2025. Lebrot lost his job as a Tesla sales manager after calling for Elon Musk to step down from the company after Tesla posted huge losses. (Photo by Martin Klimek for The Washington Post via…

The Supreme Court just declined to hear a penny stock broker’s legal challenge to FINRA’s constitutionality. Despite it, a new bill aims to strip the self-regulatory body of its key powers, moving them to the SEC.Win McNamee/Getty Images Wall Street’s top watchdog, the Financial Industry Regulatory Authority (FINRA), faces a pivotal moment amid converging legislative and legal challenges that could potentially reshape the future regulatory landscape. The regulator notched a win on Monday, however, as the Supreme Court declined to hear a penny stock broker’s legal challenge to FINRA’s constitutionality. Until recently, adding pressure to FINRA’s current predicament was its…

Citadel CEO Ken Griffin speaks at the 2025 Forbes Iconoclast Summit.Jamel Toppin/Forbes Billionaire Ken Griffin, founder of $63 billion (in assets) Citadel hedge fund and market maker Citadel Securities, slammed the Trump Administration’s handling of the economy and the Republicans’ new tax and spending bill in remarks at Thursday’s 2025 Forbes Iconoclast Summit. A prominent Republican political donor who voted for President Donald Trump during the last election, Griffin criticized the GOP’s signature bill–which they’re dubbed the “One Bill Beautiful Bill”—over concerns about how it would increase the federal budget deficit and ballooning federal debt. (Just yesterday, the Congressional Budget…

U.S. Senate Majority Leader John Thune (R-SD) speaks at a press conference following the U.S. Senate Republicans’ weekly policy luncheon on Capitol Hill in Washington, D.C., U.S., June 10, 2025. Kent Nishimura | ReutersAs Senate Republicans release key details of President Donald Trump’s spending package, some provisions, including the federal deduction for state and local taxes, known as SALT, remain in limbo.Enacted via the Tax Cuts and Jobs Act, or TCJA, of 2017, there’s currently a $10,000 limit on the SALT deduction through 2025. Before 2018, the tax break — including state and local income and property taxes — was unlimited for filers…

Despite Trump’s claims that the U.S. is being cheated in trade deals, globalization continues to fuel growth here and abroad, lifting the economies and standards of living of nearly every nation on the planet. Donald Trump has used his first five months back in office to attack longtime allies like Canada, Mexico and the European Union, insisting the United States “will no longer tolerate being ripped off.” His posture with trade partners has been more competitive than collaborative, imposing or threatening heavy-handed tariffs under the pretense that they’re running up trade deficits to enrich themselves at Americans’ expense. He’s right…

Jim Chanos (left) speaks with Forbes editor Matt Schifrin on stage at the 2025 Forbes Iconoclast Summit.Jamel Toppin/Forbes When legendary investor Jim Chanos entered the stage at the 2025 Forbes Iconoclast Summit Thursday, he had a big smile on his face thanks to the very public feud that had erupted behind President Donald Trump and the world’s richest person, Tesla CEO Elon Musk. Chanos, who first shorted Tesla stock back in 2016, said of the spat: “Most predictable breakup ever.” With a long and successful track record of betting against overpriced or fraudulent companies, Chanos’ latest big short is used-car…

Noam Galai/Getty Images It has been a solid year for the banking industry, characterized by strong profitability, steady deposit growth and a continued rebound in investment banking fees and trading revenues. U.S.-based and Chinese banks once again dominate the 2025 Forbes Global 2000 list, which measures the world’s largest and most successful companies. Half of the top ten companies on the list are banks based in the United States or China. JPMorgan Chase claimed the top spot overall for the third year in a row, after rising from fourth place in 2022 following its acquisition of First Republic out of…

An Iranian oil refinery in the industrial Gulf port of Bandar Abbas. (Photo: Jamshid Bairami)AFP via Getty Images Oil prices surged past $70 per barrel on Friday, following heightened tensions in the Middle East as Israel struck Iran overnight with what the Jewish nation described as strategic strikes on Tehran’s nuclear capabilities and leadership. At 8:36 am EDT on Friday, the global proxy benchmark Brent’s Front Month Crude Oil futures contract was up 7.81%, or $5.42 to $74.78 per barrel, while the West Texas Intermediate Front Month contract traded at $73.81 per barrel, up 8.48% or $5.77. Prices were trading…

WASHINGTON, DC – SEPTEMBER 18: Federal Reserve Chairman Jerome Powell speaks during a news … More conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. The Federal Reserve announced today that they will cut the central bank’s benchmark interest rate by 50 basis points to a new range of 4.75%-5%. (Photo by Anna Moneymaker/Getty Images)Getty Images Markets expect the Federal Open Market Committee to cut rates between one and three times in 2025 from their current level of 4.25% to 4.5%.…

Pakistan beat Japan 3-2 in their second match of the FIH Hockey Nations Cup at Kuala Lumpur’s National Stadium on Monday. Ghazanfar Ali gave Pakistan the lead when he scored in the first quarter. Less than a minute later, Japan’s Kazumasa Matsumoto scored to level the field 1-1. Koji Yamasaki scored Japan’s second goal of the match within two minutes, bringing the score to 2-1. The second quarter saw the score remain steady, but vice-captain Waheed Ashraf Rana scored for Pakistan in the third quarter to tie the score at 2-2 once more. Sufyan Khan scored a decisive goal in…