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Trump-Musk Feud Erupts: Stocks Tank, White House in Shock

President Donald Trump and Elon Musk’s public feud escalated Thursday, wiping $152 billion off Tesla’s market cap and rattling Washington, with threats to federal contracts and uneasy GOP lawmakers watching closely.

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24 Hours Trump-Musk feud erupts in public spat + Trump administration pushes Supreme Court to allow Education Dept layoffs + Russia launches massive drone missile attack on Ukraine + US job growth beats expectations with 139K added in May + German Chancellor Merz meets Trump urging pressure on Russia + Florida sheriff arrested for racketeering in illegal gambling ring + Federal judge blocks Trump visa ban on Harvard foreign students + Elon Musk threatens to decommission SpaceX Dragon spacecraft + Trump plans to sell Tesla after fallout with Musk + Amazon cuts jobs amid trade war uncertainty + US imposes sanctions on International Criminal Court judges + Red Cross closes offices in Niger amid junta tensions + House subpoenas former White House physician in Biden probe + Boulder terror suspect charged with 118 counts + Israel confirms arming militias in Gaza against Hamas + Swiss government demands UBS bolster capital by $26 billion

Number 139,000 - Jobs added in US labor market in May 2025, beating economists' expectations

Quote "Elon Musk has lost his mind" — President Donald Trump on feud with Musk

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TOPICS

Trump-Musk Public Feud Rattles Washington and Wall Street

Musk Threatens to Decommission SpaceX Dragon Capsule Amid Spat

Trump Plans to Dump Tesla After Musk Breakup

The public and escalating feud between President Donald Trump and Elon Musk dominates US politics and markets, including threats to federal contracts and impacts on Tesla's stock valuation.

Trump Asks Supreme Court to Allow Education Dept Layoffs

Federal Judge Blocks Trump Ban on Foreign Students at Harvard

Legal Challenges Halt Trump Ban on International Harvard Students

The Trump administration seeks Supreme Court approval to continue mass layoffs and restructuring at the U.S. Department of Education, facing judicial pushback and legal challenges.

Russia Launches Massive Drone and Missile Assault on Kyiv

At Least Four Killed in Russian Missile Attacks on Kyiv

Russia Strikes Kyiv Following Ukrainian Drone Offensive

Russia escalates conflict with Ukraine by launching heavy drone and missile strikes across key regions including Kyiv, causing casualties and injuries.

U.S. Adds 139K Jobs in May, Unemployment Steady at 4.2%

May Jobs Report Beats Expectations Amid Hiring Slowdown

Hiring Slows in U.S. with 139,000 Jobs Added in May

U.S. labor market shows resilience with 139,000 jobs added in May, exceeding forecasts despite signs of economic uncertainty and tariff impacts.

Merz Urges Trump to Increase Pressure on Russia

Germany's Merz Meets Trump, Pushes Ukraine Support

German Chancellor Friedrich Merz meets President Donald Trump, encouraging stronger pressure on Russia to end Ukraine war while avoiding immediate policy shifts.

Florida Sheriff Arrested in $21 Million Illegal Gambling Probe

DeSantis Suspends Florida Sheriff Amid Gambling Investigation

Florida Sheriff Marcos Lopez arrested on felony racketeering and conspiracy charges related to a large-scale illegal gambling operation.

Multiple Federal Judges Block Trump Moves on Immigration and Education

Judge Blocks Trump Effort to Deny Harvard Student Visas

Federal judges have blocked several Trump administration actions, including attempts to overturn immigration policies and delay reinstating laid-off Education Department employees.

Musk Reverses Course on SpaceX Dragon Decommission

Musk Walks Back Threat to Ground Key NASA Capsule

Elon Musk reverses threat to immediately decommission SpaceX Dragon spacecraft following widespread backlash and potential NASA impact concerns.

Amazon Cuts Books Division Jobs as Tariffs Weigh

Amazon announces job cuts in books division amid uncertainties from trade wars and economic challenges affecting company outlook.

US Sanctions ICC Judges Over Investigations Into US, Israel

US Department of State imposes sanctions on four International Criminal Court judges over investigations targeting US and Israeli personnel.

Red Cross Shuts Niger Offices After Junta Takeover

The International Committee of the Red Cross closes offices and withdraws foreign staff from Niger amid political instability following a military junta takeover.

House Issues Subpoena for Biden’s Former Physician

Congressional committee subpoenas former White House physician Dr. Kevin O'Connor as part of investigations into former President Joe Biden's health records.

Boulder Firebomb Suspect Hits Court with 118 Charges

Suspect in Boulder firebombing attack faces 118 criminal counts including attempted murder in ongoing terror investigation.

Israel Arms Gaza Militias Opposing Hamas

Israel admits to arming rival Palestinian clans in Gaza in attempt to counter Hamas influence amid ongoing conflict.

Switzerland Demands UBS Add $26 Billion in Capital

Swiss government proposes significant new capital requirements for banking giant UBS following industry-wide financial reforms.

Tesla Stock Plummets $152 Billion Amid Trump-Musk War

Tesla Shares Tank on Trump-Musk Feud Fallout

The explosive public feud between Trump and Musk causes massive stock market volatility, slashing Tesla’s market value by billions.

Supreme Court Tosses Mexico’s $10B Gunmaker Suit

US Supreme Court unanimously blocks Mexico’s $10 billion lawsuit against American gunmakers over cartel violence allegations.

Massive High School Brawl Shuts Down Jones Beach

Violent clashes erupt as high school students brawl at Jones Beach prompting police helicopter intervention and closures.

FBI Warns of Exploding Ransomware Attacks

FBI issues a critical nationwide cyberattack alert as ransomware victims surge, urging immediate action from organizations.

White House Schedules Trump-Musk Peace Talks

White House arranges peace call between Trump and Musk following their public spat, aiming to de-escalate tensions.

Judge Halts Trump Ban on Harvard Foreign Students

New temporary restraining order blocks Trump’s latest order banning foreign students from Harvard, pending litigation outcomes.

Congress Steps Up AI Oversight Amid Rapid Advances

Committee hearings intensify on federal AI oversight and accountability as regulators and tech firms grapple with rapid advances.

Federal AI Bills Could Undermine State Protections

Federal government and intelligence agencies seek greater control of AI deployment while states push back on overreach.

Global Crackdown Nets 20 in Child Abuse Operation

International effort led by Interpol results in 20 arrests across 12 countries targeting a major child sexual abuse network.

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