logo
Elon Musk doubles down on criticism of ‘Big Beautiful Bill' calling it ‘utterly insane' and ‘political suicide'

Elon Musk doubles down on criticism of ‘Big Beautiful Bill' calling it ‘utterly insane' and ‘political suicide'

New York Post5 hours ago

Elon Musk waded back into politics Saturday with a series of sharp social meida criticisms of the Trump-backed 'Big Beautiful Bill,' calling it 'utterly insane' and 'political suicide.'
The SpaceX CEO, who turned 54 on Saturday, expressed his frustration and rage at the massive spending bill on social media ahead of the critical vote on which the Trump agenda hinges.
Former 'First Buddy' Elon Musk levelled heavy criticism of Trump's 'Big Beautiful Bill' in a series of social media posts on Saturday.
via REUTERS
'The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!,' the former DOGE chief wrote on X ahead of a Senate debate on the legislation.
'Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future,' Musk concluded.
In successive posts, Musk had even more strongly worded warnings for the GOP.
'Polls show that this bill is political suicide for the Republican Party,' the birthday boy later wrote on X.
Musk further claimed that the bill raised the debt ceiling by $5 trillion dollars and would put 'America in the fast lane to debt slavery!'
The billionaire's fallout earlier this month with former ally President Trump was apparently set-off by disagreements about the massive spending bill that was undergoing a procedural vote late Saturday.
Musk and the president had an explosive falling out earlier this month that culminated in accusations about late-pedophile Jeffrey Epstein and calls for impeachment.
AP
That spat culminated with Musk endorsing the impeachment and removal of his former chosen candidate.
Musk later apologized to the president who suggested that a reconciliation between the former allies is still in the cards.
Trump raged on Truth Social Saturday night as a procedural vote on the 'Big Beautiful Bill' languished on the Senate floor, calling out Senator Thom Tillis (R-NC), saying the Tarheel was making a 'BIG MISTAKE for America,' by not voting for the bill.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

With Zohran Mamdani's win in New York, voters spoke. Is the Democratic establishment listening?
With Zohran Mamdani's win in New York, voters spoke. Is the Democratic establishment listening?

Boston Globe

time25 minutes ago

  • Boston Globe

With Zohran Mamdani's win in New York, voters spoke. Is the Democratic establishment listening?

Advertisement Even Senator Kirsten Gillibrand of New York, who pushed for Cuomo's resignation in 2021 after a state investigation concluded that he Get The Gavel A weekly SCOTUS explainer newsletter by columnist Kimberly Atkins Stohr. Enter Email Sign Up A majority of voters rejected Cuomo in a primary with a larger than usual turnout on a day that was Advertisement Mamdani's victory — and, to be clear, he still needs to win the November election to become New York's next mayor — shows that Democratic voters are tired of the same old faces in the same old places. They want to vote for, and not just against, someone, and that's what Mamdani represents across a spectrum of voters and communities. His win recalls 2018, when Alexandria Ocasio-Cortez, also a democratic socialist, defeated Joe Crowley, a 10-term New York incumbent, to become, at 29, the youngest woman ever elected to Congress. Later that year, Ayanna Pressley, the first Black woman elected to the Boston City Council, was also elected to Congress, besting Michael Capuano, who had represented the Massachusetts 7th Congressional District since 1999. Pressley, who trailed Capuano in the polls right up to the election but That could be what voters want from Mamdani — a different kind of leader who is relatable, engaging, and dynamic. He spoke with people, not to them. And he presented economic policies like rent freezes and free buses that ordinary New Yorkers — not billionaires — could embrace and understand. Meanwhile, Cuomo borrowed the GOP's politics of fear and tried to scare everyone to death. He Advertisement The former governor's dismissive tone had the tinny echo of Maybe voters didn't want a political nepo baby running on familiarity and name recognition. Maybe they rejected a man who left his previous job in disgrace over credible sexual harassment accusations. Or perhaps people needed the light and hope Mamdani offers in these difficult times instead of Cuomo's doom and darkness. In a CNN interview, Democrat Senator Chris Murphy of Connecticut said, 'I know that this feels like a shock to a lot of folks but it doesn't seem like rocket science. [Mamdani is] focused on reordering economic power, he's dynamic, and he's a new voice. Check, check, check.' Democrats don't need a wildly popular podcaster, someone who could be their liberal Joe Rogan, to win again. They need candidates who generate passion and stand fast for the values of equity and justice that the Democratic establishment espouses but abandons when elections don't go their way. Related : Mamdani's road to Gracie Mansion — the New York mayor's residence — won't be easy. Cuomo appears likely to run an independent campaign, which is what Eric Adams, the problematic President Trump-appeasing incumbent, already has done. Mamdani will continue to face baseless accusations of antisemitism as well as hostility from bellicose billionaires like Advertisement So far, there's been more noise from Mamdani's detractors than from the leaders of the party he belongs to. They should recognize and replicate how he has connected, especially with young voters. In his Renée Graham is a Globe columnist. She can be reached at

Bayerische Motoren Werke (ETR:BMW) delivers shareholders favorable 12% CAGR over 5 years, surging 6.7% in the last week alone
Bayerische Motoren Werke (ETR:BMW) delivers shareholders favorable 12% CAGR over 5 years, surging 6.7% in the last week alone

Yahoo

time30 minutes ago

  • Yahoo

Bayerische Motoren Werke (ETR:BMW) delivers shareholders favorable 12% CAGR over 5 years, surging 6.7% in the last week alone

When we invest, we're generally looking for stocks that outperform the market average. And in our experience, buying the right stocks can give your wealth a significant boost. To wit, the Bayerische Motoren Werke share price has climbed 34% in five years, easily topping the market return of 18% (ignoring dividends). Since the stock has added €1.6b to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). During the five years of share price growth, Bayerische Motoren Werke moved from a loss to profitability. That would generally be considered a positive, so we'd hope to see the share price to rise. The image below shows how EPS has tracked over time (if you click on the image you can see greater detail). This free interactive report on Bayerische Motoren Werke's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Bayerische Motoren Werke the TSR over the last 5 years was 80%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence! Bayerische Motoren Werke shareholders are down 8.3% for the year (even including dividends), but the market itself is up 21%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. On the bright side, long term shareholders have made money, with a gain of 12% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with Bayerische Motoren Werke (at least 1 which is concerning) , and understanding them should be part of your investment process. If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on German exchanges. — Investing narratives with Fair Values A case for TSXV:USA to reach USD $5.00 - $9.00 (CAD $7.30–$12.29) by 2029. By Agricola – Community Contributor Fair Value Estimated: CA$12.29 · 0.9% Overvalued DLocal's Future Growth Fueled by 35% Revenue and Profit Margin Boosts By WynnLevi – Community Contributor Fair Value Estimated: $195.39 · 0.9% Overvalued Historically Cheap, but the Margin of Safety Is Still Thin By Mandelman – Community Contributor Fair Value Estimated: SEK232.58 · 0.1% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Trump Urges Israel-Gaza Ceasefire: 'Make the Deal'
Trump Urges Israel-Gaza Ceasefire: 'Make the Deal'

Newsweek

time35 minutes ago

  • Newsweek

Trump Urges Israel-Gaza Ceasefire: 'Make the Deal'

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. President Donald Trump has pressed for Israel and Hamas to clinch a ceasefire and secure the release of the remaining captives held in Gaza. Trump fired off an all-caps demand fire in a Truth Social post at 1:19 a.m. ET Sunday: "MAKE THE DEAL IN GAZA. GET THE HOSTAGES BACK!!! DJT" It follows comments the president made on Friday in the Oval Office, when he told reporters that he believed a ceasefire could come "within the next week." "I think it's close. I just spoke with some of the people involved. It's a terrible situation," Trump said. This is a breaking news situation and will be updated

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store