Tesla acknowledged Tuesday that "political sentiment" may be undermining the company's financial performance and that tariffs are poised to do the same.
Elon Musk said Tuesday that he will take a major step back from his work as the leader of the Department of Government Efficiency.
Why it matters: The Tesla CEO has become a close and outspoken ally of President Trump, but his government-slashing work via DOGE has sparked a damaging backlash on Tesla.
President Trump said on Tuesday that has no plans to fire Federal Reserve chair Jerome Powell, backtracking days after suggesting he was looking forward to the economic policymaker's "termination."
Why it matters: Trump has ramped up attacks on Powell over the past week alongside demands that the Fed cut rates immediately, raising fears among investors about the fate of the central bank's independence.
A jury on Tuesday ruled against former Alaska Gov. Sarah Palin in a rare retrial of her 2017 defamation lawsuit against the New York Times.
Why it matters: The ruling isn't shocking, given that a federal judge and jury already rejected Palin's libel claims against the Times in a 2022 trial.
Verizon signaled Tuesday that consumers would face price increases on phones from President Trump's tariffs, becoming the latest in a drumbeat of companies indicating that price hikes are on the way.
Why it matters: Tariffs cause the cost of imports to rise — and many companies are facing decisions on whether to take a hit to profits or pass those costs along to customers.
AuthMind, a Bethesda, Maryland-based identity protection startup, tells Axios that it's raised $19.3 million in seed funding led by Cheyenne Ventures.
Why it matters: This highlights a rising cybersecurity threat whereby hackers — both human and machine — mimic verified users to access networks and devices. Logging in vs. breaking in.
President Trump's economic policies are starting to weigh heavily on the U.S. ad market, which was just starting to stabilize after years of pandemic-era volatility.
Why it matters: In addition to economic turbulence, ad-supported companies face very difficult comparisons from last year, which will make it difficult for media and tech companies to meet previous growth projections.
The U.S. economy is the big drag on global growth expectations this year, thanks in large part to President Trump's tariffs, according to forecasts released by the International Monetary Fund on Tuesday.
Why it matters: The estimates reflect the consequences from Trump's sudden reset of the world's trading system, with worse economic conditions expected in nearly every major country.
Defense Secretary Pete Hegseth is locked in open warfare with his own Pentagon, a hotbed of distrust and dysfunction that commands the most powerful military on the face of the Earth.
Why it matters: No Trump Cabinet official has endured more turmoil in less time than Hegseth, who survived a nasty confirmation battle only to be burned — again and again — by leaks, blunders and now backlash from his own handpicked aides.
President Trump is toeing an economic red line that few before him have dared even consider crossing.
Why it matters: The mere possibility that Trump could erode the Federal Reserve's independence has been enough to unnerve investors and tank the stock market.
Bluesky is adding blue checks to "authentic and notable accounts" in a system that's reminiscent of one that Twitter had before Elon Musk ended it on the platform that's now called X.
The big picture: "Bluesky will proactively verify" such accounts and "display a blue check next to their names" because "trust is everything," per a Monday blog post by the decentralized microblogging platform.
Chinese automakers are turning to Russia and the Middle East to offset the impact of global tariffs imposed by the U.S., Europe and other countries.
Why it matters: Despite the global tariff storm, China remains an industry juggernaut, dominating vehicle sales in its home market while continuing to expand exports around the world.
Pope Francis wished to be buried in a "simple" tomb at Rome's Papal Basilica of Saint Mary Major, bearing only the inscription "Franciscus," per his final testament that the Vatican released following his death Monday.
The big picture: It's his will that the tomb should be "without particular ornamentation," in keeping with his modest lifestyle that saw him move into a modest Vatican guesthouse instead of grander papal apartments.
