"Failed Spectacularly": Critics Are Trolling Elon Musk After The "Humiliating" Loss In Wisconsin And It's A Moment You're Allowed To Enjoy
Scott Olson / Getty Images
And his critics are overjoyed.
Musk and Musk-aligned groups spent some $20 million to help conservative candidate Brad Schimel. Musk over the weekend claimed the outcome of the race 'will be important for the future of civilization.'
He even gave out two $1 million checks to voters in a publicity stunt for Schimel.
Voters instead selected the progressive candidate, Susan Crawford, which ensures the court will retain its 4-3 liberal majority.
'He tried to spend his unlimited resources to buy a state Supreme Court seat in Wisconsin,' House Minority Leader Hakeem Jeffries (D-N.Y.) said on MSNBC on Tuesday night. 'And it failed spectacularly.'
Jeffries urged Republicans to walk away from Musk, whom he called an 'unelected, unpopular, unhinged and unAmerican billionaire puppet-master.'
Tech billionaire Elon Musk, a close ally of President Donald Trump, sank millions into the Wisconsin state Supreme Court race and came up empty on Tuesday night.
Observers on social media were just as blunt ― even on Musk's own platform, X, where they couldn't help but revel in his defeat:
Scott Olson / Getty Images
This article originally appeared on HuffPost.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Forbes
24 minutes ago
- Forbes
What's Fueling Oil Prices? Geopolitics, Not Growth
EDMONTON, CANADA, MAY 24: Close-up of a replica oil with words 'oil Country' well painted in ... More Edmonton Oilers colors, displayed outdoors in Edmonton, Alberta, Canada, on May 24, 2025. (Photo by Artur Widak/NurPhoto via Getty Images) Oil prices are climbing once more. Although fundamentals such as supply and demand continue to be significant, the latest spike is largely unrelated to seasonal trends or economic expansion. Rather, it is geopolitical factors—specifically, escalating tensions in the Middle East—that are unsettling markets and pushing prices higher. Israel's recent military strikes against Iran, aimed at critical nuclear sites, have shaken the global energy landscape. This escalation has created shockwaves in the oil markets, with Brent crude experiencing a surge of up to 13%, hitting $78.50 per barrel before plateauing around $75. In a similar fashion, West Texas Intermediate (WTI) crude jumped over 9%, reaching a peak of $77.62 and concluding near $74. This represents the largest single-day price increase in oil since Russia's invasion of Ukraine in 2022. The offensive was initiated shortly before expected U.S.–Iran nuclear negotiations and was justified by Israel as a crucial measure to prevent Iran from nearing nuclear weapon capabilities. Central to the current instability is the Strait of Hormuz, a slender waterway linking the Persian Gulf with the Arabian Sea. While it measures only 21 miles at its narrowest point, its strategic significance is immense: approximately one-third of the world's seaborne oil transits through this crucial channel each day. Presently, this essential route is under increased observation. Although Israeli attacks have upheld Iran's oil infrastructure for the moment, the threat of retaliation looms large. Iran has persistently warned it might close the Strait—a move that would instantly disrupt global energy supplies. The mere potential for such disruption is sufficient to elevate prices as traders prepare for volatility. OPEC+ Output Rises: On May 31, 2025, OPEC+ revealed its third consecutive monthly production increase, adding 411,000 barrels per day (bpd) in July. This action, motivated by Saudi Arabia's ambition for market share, occurs amid internal tensions, particularly with Russia, and follows the reinstatement of 1.37 million bpd of a planned 2.2 million bpd increase by the end of 2026. While indicating a strategic change, the group emphasized that future increases are contingent upon market conditions, with the next policy decision scheduled for July 6. A Market in Surplus: As of May, the global oil market already exhibits a surplus of approximately 0.5 million bpd. In the meantime, non-OPEC producers like the U.S. and Brazil are continuing to elevate their output, contributing to a more substantial global supply situation than was previously expected. This increasing surplus coincides with the OECD's recent downgrade of its global GDP growth forecast for 2025, from 3.1% to 2.9%—indicating softer demand on the horizon. Although summer travel and a slight resurgence in emerging markets are currently sustaining demand, any additional economic downturn could tip the scales. Demand Uncertainty: Optimism regarding a rebound in China's oil demand is tempered by escalating trade tensions and tariffs, which may hinder global growth. Slower economic activity could suppress demand, while disrupted supply chains may also limit output, creating a complex, conflicting impact on oil prices that defies straightforward forecasting. The confluence of increasing supply, uncertain demand, and macroeconomic challenges places the oil market in a delicate state. On one side, prices could soar towards $80 per barrel if tensions in the Middle East intensify and supply risks materialize, particularly if the Strait of Hormuz comes under threat. Conversely, OPEC+ production increases and economic softness could restrain price gains and revive oversupply worries as autumn approaches. The recent increase in oil prices is not merely an economic occurrence—it reflects escalating global anxiety. As long as the Strait of Hormuz remains a focal point of geopolitical tension, markets will remain on edge. Investors, consumers, and policymakers should brace for ongoing price fluctuations, driven more by geopolitical factors than by supply. If history serves as a lesson, geopolitical risk premiums can dissipate rapidly—but they can also increase sharply. As oil prices escalate, upstream oil companies such as Halliburton (NYSE: HAL) and SLB (NYSE: SLB) typically tend to benefit in such conditions. For investors seeking growth with reduced volatility, the Trefis High Quality Portfolio has outperformed the S&P 500 with 91% returns since its inception, offering a steadier experience amid turbulence.


New York Post
34 minutes ago
- New York Post
NYPD ramps up security at Jewish sites in NYC after Israel's strike on Iran
The New York City Police Department is ramping up security to Jewish sites throughout the Big Apple in response to Israel's attack on Iran's nuclear sites. 'The NYPD is tracking the situation in the Middle East. Out of an abundance of caution, we're deploying additional resources to Jewish, Israeli & other sites throughout NYC,' the department said in a statement posted on X. NYPD officers standing guard outside a synagogue in Brooklyn on June 2, 2025. Getty Images 'We're coordinating with our federal partners & we'll continue to monitor for any potential impact to NYC,' NYPD added. Israel launched an unprecedented wave of airstrikes across Iran on Friday targeting its nuclear program facilities and other military sites — claiming Iran was fast-tracking the development of nuclear weapons. NYPD officers outside a Jewish religious site on June 2, 2025. Getty Images The attacks, which are expected to significantly escalate conflict between the two bitter rivals, took out several of Iran's top military leaders and nuclear scientists. Israeli officials said they are anticipating a heavy retaliatory response from its Middle Eastern adversary. Mayor Eric Adams has also been briefed on the situation and said NYPD's Counterterrorism Unit is 'closely monitoring the situation.' 'I am praying for peace,' the Mayor said.


CBS News
36 minutes ago
- CBS News
Is a $10,000 high-yield savings account still worth opening?
A $10,000 deposit into a high-yield savings account now can still make sense for many savers. Getty Images In the constantly changing economic landscape of recent years, it can be difficult to keep pace. Just five years ago, for example, the return savers could secure with high-yield savings and certificates of deposit (CDs) accounts were practically non-existent, often coming in under 1%. A few years later, however, rates surged and the interest-earning potential grew exponentially. Over the last year, meantime, inflation has declined significantly and multiple interest rate cuts have been issued. This hasn't caused rates on high-yield savings accounts to fall to the same point in 2020 … but they're clearly not as advantageous as they were in parts of 2023 and 2024, either. All of this context can lead savers to consider the benefits of this specific savings vehicle at present, especially if they're looking for a smart place to keep a five-figure amount of money, like $10,000 or more. While many savers would still find a $10,000 high-yield savings account to be worthwhile, some savers may not. In today's unique economy, then, is a $10,000 high-yield savings account truly worth opening? That's what we'll examine below. See how much more interest you could be earning with a top high-yield savings account here. Is a $10,000 high-yield savings account still worth opening? Here are four reasons why (and why not) this account type, in this amount, may (and may not) be valuable now: Yes, because interest rates are still high Sure, the high-yield savings account rates of the recent past are mostly gone now, but you can still easily find a rate over 4%, especially if you look to online banks, which can have fewer costs and higher rate offers for savers. Compared to the average 0.42% the traditional savings account now comes with, you're essentially losing money by not moving your funds out of that account and into one of the top high-yield savings accounts instead. Remember, 4% is $4 earned on every $100 deposited. A $10,000 deposit, then, at that rate over time could equate to significant earnings (assuming rates remain steady). Get started with a high-yield savings account online today. No, because interest rates could drop soon Most experts expect an interest rate cut for later this year, perhaps as soon as July or September, the next two times the Federal Reserve will meet after its June meeting (at which no cut is anticipated). When those rate cuts are issued, the rates on high-yield savings accounts will decline as well, both for prospective account-holders and existing ones, thanks to a variable rate on the account that changes frequently. Banks and lending institutions may not even wait for a formal rate cut to reduce the rates on their savings accounts, meaning rates here could soon drop, cutting your interest-earning potential quicker than initially anticipated. Yes, because you'll still maintain access to your funds In today's unpredictable economy, maintaining access to your money is critical. And you'll be able to do so with a high-yield savings account, unlike a CD, which requires you to keep the funds locked away for the full term. And locking $10,000 away right now, when inflation just rose, interest rates are high and broader economic concerns and market uncertainty are prevalent, simply may not be advantageous. Fortunately, this is a moot point with a high-yield savings account. Not only will you earn a substantial interest rate, but you'll be able to withdraw that earned interest (or more) whenever you want. No, because the interest-earning potential on CDs is greater Not only are CD interest rates higher than the top high-yield savings account rates now (you can get a 4.49% rate on a 6-month CD versus 4.30% on a high-yield account), but the interest-earning potential is greater thanks to the CD's fixed rate and compounding interest. Plus, with a CD, you can calculate the interest you'll earn with precision, unlike a high-yield savings account, which will largely be based on speculation and caveats. This is especially important when trying to maximize the benefits of a $10,000 deposit. If you want to earn as much interest as you can, then, with this amount of money, a CD is often one of the better ways to do so, even now. Get started with a high-rate CD online today. The bottom line The decision to deposit $10,000 into a high-yield savings account is largely a personal one, even in today's economic landscape. There are significant advantages and disadvantages to consider, especially considering the large deposit amount and particularly when matched against high-rate alternatives like CDs. For some savers, the high-yield account could still be their optimal recourse while others may elect for a CD while some other savers may elect to split the funds between both account types. Whatever choice you make, however, be sure to keep the money in a traditional account limited. With the average rate there so low, it makes sense to take advantage of high-rate alternatives while they're still plentiful.