Commercial news

From Tesla to xAI: Musk’s Leadership Drain Deepens: Elon Musk is facing a wave of high-profile departures across his companies, raising eyebrows in the business world. Tesla has recently lost key members from its US sales, public affairs, and leadership teams, including its Chief Information Officer. Meanwhile, xAI—Musk’s ambitious AI start-up merged with social network X earlier this year—has seen rapid churn, with its Chief Financial Officer and General Counsel leaving within days of each other. While some executives have stepped away after long careers, others are said to be struggling with burnout. Adding to the turbulence, insiders suggest unease about Musk’s vocal support of Trump and far-right figures in both the US and Europe may be contributing to the exits, casting doubt on stability at the heart of his ventures. Can the Euro replace the dollar as the global reserve? The euro has been on a tear this year, and many on Wall Street believe it still has further to climb. Recen...

 Will the US Face Yet Another Shutdown? With a Tuesday deadline looming, Washington is bracing for yet another potential shutdown showdown. President Trump is set to host top Democrats Chuck Schumer and Hakeem Jeffries at the White House, but negotiations have been thin, and both sides are already pointing fingers over who would bear the blame if talks collapse. Republicans need at least seven Democratic votes in the Senate to pass their stop-gap bill, which would keep the government funded until November 20th, while Democrats are demanding an extension of Affordable Care Act tax credits set to expire at year’s end. Republicans have dismissed this as a backdoor bid to funnel billions into healthcare for undocumented migrants, while Democrats argue it’s about protecting working families. The White House has raised the stakes with an OMB memo warning that not only could federal workers be furloughed, but in some cases, fired—amplifying the political risk for both parties. With memori...