In recent developments, a surprising alliance between presidential candidate Donald Trump and Tesla’s Elon Musk has emerged, marked by mutual endorsements and shared views.
Musk has championed Trump’s potential presidency as a critical opportunity to address the U.S.’s mounting debt crisis.
In a recent interview on the All-in Summit podcast, Elon Musk praised Trump’s candidacy as a pivotal chance to implement necessary government reforms and prevent national bankruptcy.
.@elonmusk live at the all-in summit! https://t.co/ydbJcuAsGJ
— The All-In Podcast (@theallinpod) September 9, 2024
Musk has long criticized U.S. fiscal policies, particularly the excessive defense budget, which he believes contributes significantly to the national debt.
Moreover, Trump has proposed that Musk lead a new government efficiency commission to root out fraud and improve accountability within federal programs.
Musk has expressed readiness to take on this role, emphasizing his commitment to public service without seeking financial compensation.
Market anxiety is surging after President Trump’s latest move to impose sweeping tariffs, with crypto-based prediction platforms now signaling a growing belief that a U.S. recession is on the horizon.
As trade tensions rise and economic signals grow harder to read, America’s largest banks are posting quarterly results that reflect both resilience and caution.
BlackRock CEO Larry Fink has raised alarms over a possible U.S. recession, warning that the downturn may have already begun.
China has fired back at the United States with a sharp tariff increase, raising duties on U.S. imports to 125% effective April 12, 2025.