President Trump signedan executive order on Thursday aimed at shutting down the Education Department, per a White House video of the signing.
Why it matters: The unprecedented order that USA Today first reported on could havewidespread ramifications for state and local governments and students and families across the country.
A federal judge on Thursday temporarily blocked Elon Musk and DOGE employees from accessing Americans' personal information in Social Security Administration systems.
Why it matters: More than 65 million Americans receive Social Security, and the administration's databases are full of personal details about recipients.
DoorDash announced Thursday it's adding Klarna's buy-now-pay-later payment options into the delivery app.
Why it matters: Enjoying a sandwich today and paying for it some other time just got a lot easier, exactly the kind of decision BNPL watchdogs fear can saddle consumers with "phantom debt."
The shocking spike in egg prices may mark the final blow to an age-old tradition: egging someone's house.
Why it matters: Once upon a time, people used to throw eggs at houses as a prank — because, well, it's really hard to clean up and, hey, isn't that funny?!
The first roundtable of the U.S. Securities and Exchange Commission's Crypto Task Force will start Friday, one which will begin a process to define rules that are fit to purpose for a world of decentralized enterprises.
Why it matters: It's a sea change in approach. Under the agency's prior leadership, it fought a court case over whether or not it should write rules.
Three people have been charged on suspicion of violently destroying Tesla properties, Attorney General Pam Bondi announced on Thursday.
The big picture: PresidentTrump's attorney general a day earlier characterized the recent string of vandalism at Tesla dealerships as acts of "domestic terrorism," and threatened "severe consequences" for those involved.
Tesla is recalling substantially all units of the Cybertruck pickup over a defect that could cause a panel to fly off in traffic.
Why it matters: The Cybertruck — which has been dogged by quality issues, causing several previous recalls — has been trumpeted by Tesla CEO Elon Musk as a reflection of the company's engineering prowess.
We've seen three giant financial deals in the past 24 hours, and they all have something in common: Ties to the Trump administration.
The big picture: This isn't to suggest coordination or impropriety, but rather that economic confidence grows stronger with greater proximity to political power.
The Boston Celtics have agreed to be sold to private equity investor Bill Chisholm for an initial $6.1 billion, with the the final valuation to reach $7.3 billion, Axios has learned from sources familiar with the situation.
Why it matters: This is the most ever paid for a professional sports team, topping the $6 billion that Josh Harris paid in 2023 for the NFL's Washington Commanders.
Chip maker Nvidia, tech players including Microsoft and big energy companies hope to better harness AI to improve power sector operations.
Why it matters: AI's energy thirst gets tons of headlines, but AI also has the potential to make grids more efficient, help integrate new tech, and lower costs.
McDonald's is making a play for consumers who grew up on Happy Meals — and their kids — along with Minecraft fans.
Why it matters: New Minecraft Movie adult meals and kids' Happy Meals are the fast-food giant's latest attempt to bring consumers back after a drop in sales.
S&P 500 companies returned a record $1.6 trillion to shareholders in 2024, according to S&P Dow Jones Indices, three-fifths of which was in the form of buybacks.
Why it matters: The record amounts of cash being thrown off by U.S. stocks aren't just helping to support stock market valuations, they're also bolstering domestic consumption and international markets.
To fully appreciate President Trump's mesmerizing control over Republicans, consider their scant public dissent over ideas many of them privately disdain:
Support for Vladimir Putin.
Support for on-again, off-again tariffs, and a worsening economy.
Elon Musk has spent millions on the race for a single seat on Wisconsin's Supreme Court. Now the billionaire's political group is offering the GOP candidate free advice: Get Trumpier.
The FBI is investigating attacks targeting Tesla vehicles and dealerships of the EV company and related swatting incidents, bureau deputy director Dan Bongino said Wednesday night.
Why it matters: There's been a spate of such incidents that President Trump and other administration officials have denounced as acts of "domestic terrorism" amid #TeslaTakedown protests at the role of Tesla CEO Elon Musk in the DOGE-driven cuts to the federal workforce and agencies.
Families across the U.S. face an increasingly unaffordable housing market.
As of 2024, an estimated deficit of 3.7 million homes is driving up costs in almost every state, including Illinois.
More than half of all renters spend more than 30% of their income on housing costs. Over 12 million pay more than 50% of their income toward these expenses.
Why it's important: The rising cost to rent or own a home undercuts neighborhood stability, local economic vitality and overall economic growth.
Naturally Occurring Affordable Housing (NOAH) makes up 70% of the nation's affordable rental market.
🔑 Why it's important: NOAH refers to typically older, privately-owned buildings that remain affordable without government subsidies. Preserving and rehabilitating these existing units is crucial as housing costs rise nationwide.
Chicago,in particular, has seenhome prices grow 40% faster than average incomes over the past 30 years. Additionally, the city is short an estimated 142,000 homes.
Tesla was excluded from the Vancouver International Auto Show that began in Canada on Wednesday due to safety concerns, organizers said.
The big picture: President Trump and Attorney General Pam Bondi have denounced as "domestic terrorism" a spate of attacks that the FBI is investigating on Tesla vehicles and dealerships, spurred by #TeslaTakedown protests targeting CEO Elon Musk's involvement in DOGE-driven cuts to the federal workforce and agencies.
