In Conversation With the State of Qatar Prime Minister
H.E. Sheikh Mohammed bin Abdulrahman Al-Thani, Prime Minister & Minister of Foreign Affairs, State of Qatar speaks with Bloomberg's Joumanna Bercetche at the 2025 Qatar Economic Forum, Powered by Bloomberg. (Source: Bloomberg)
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Business Insider
5 hours ago
- Business Insider
Trump says he has no desire to fix his relationship with Musk, even after the former 'first buddy' deletes his X posts
It seems Elon Musk won't be President Donald Trump's "first buddy" again anytime soon. Trump told NBC News on Saturday that he has no plans to repair his relationship with Musk after it imploded this week. When asked if their relationship is done, Trump said, simply, "I would assume so, yeah." Trump said he doesn't intend to speak with Musk and said the tech billionaire was "disrespectful to the office of the President." "I think it's a very bad thing, because he's very disrespectful. You could not disrespect the office of the President," Trump said. The epic and very public fallout began after Musk criticized Trump's tax bill, which the president calls his "One Big Beautiful Bill." During Thursday's dramatic exchange, which took place mostly on the social media networks each billionaire owns, Trump threatened to terminate Musk's government contracts and subsidies. Musk shot back that Trump was in the so-called "Epstein files" in a now-deleted post. In the NBC interview on Saturday, Trump warned Musk against funding Democratic candidates running against GOP members voting in favor of the bill, saying there will be "serious consequences." "If he does, he'll have to pay the consequences for that," Trump said. "He'll have to pay very serious consequences if he does that." Last month, Musk said he would spend "a lot less" on political campaigns in the future. He spent hundreds of millions in support of Trump in 2024. "If I see a reason to do political spending in the future, I will do it," Musk said at the Qatar Economic Forum last month. "I do not currently see a reason." Trump's remarks on Saturday came after Musk deleted some X posts from his account. He deleted the post referencing the Epstein files and a video he re-posted that appeared to show Trump partying with Epstein in the 1990s. Musk also deleted an X post in which he called a Trump comment an "obvious lie" and another post saying SpaceX would decommission its Dragon spacecraft "immediately." White House press secretary Karoline Leavitt told Business Insider that passing the tax bill is the president's priority. "President Trump and the entire Administration will continue the important mission of cutting waste, fraud, and abuse from our federal government on behalf of taxpayers, and the passage of the One Big Beautiful Bill is critical to helping accomplish that mission," Leavitt said in a statement. Representatives for Musk did not respond to a request for comment from BI. The repercussions from Musk and Trump's dispute were swift, affecting the price of Tesla stock and Dogecoin. A senior White House official told BI that Trump is now considering selling his Tesla. On Saturday, Vice President JD Vance said it was a "huge mistake" for Musk to "go after the president" during the newest episode of "This Past Weekend w/ Theo Von." "I'm not saying he has to agree with the bill or agree with everything that I'm saying," Vance said. "I just think it's a huge mistake for the world's wealthiest man, I think one of the most transformational entrepreneurs ever — that's Elon — to be at this war with the world's most powerful man." During the interview, Vance said he thinks everything will be fine between the pair if Musk "chills out a little bit." "Hopefully Elon figures it out and comes back into the fold," Vance said, adding that Trump had been a "little frustrated" with Musk's recent criticisms. "But I think he's been very restrained because the president doesn't think that he needs to be in a blood feud with Elon Musk, and I actually think if Elon chilled out a little bit, everything would be fine," Vance said.
Yahoo
6 hours ago
- Yahoo
Don't See This Crypto as a Risk? ‘You're Dumb,' According to Dave Ramsey
Personal finance expert Dave Ramsey says a sole investment in bitcoin without seeing the risk is a dumb idea. He might not be entirely off the mark, either. Explore More: Check Out: Bitcoin is fundamentally volatile, but less so than many large and popular stocks such as Netflix (NFLX). Bitcoins' realized volatility over a 90-day timeframe averaged 46%, while Netflix averaged 54%. However, while investors this year have been moving from gold to bitcoin, gold remains the better performer year-to-date — up 23.8%, according to Bloomberg — outperforming bitcoin and hitting a new all-time high earlier this year. From 2020 to 2024, bitcoin has been three to nearly four times as volatile as various equity indices, which is especially notable as 'equity indices are typically considered the riskiest part of modern traditional portfolios due to their historical volatility', according to Fidelity. Ramsey said he comes across young people who say they've invested everything they have in bitcoin and they don't have anything else. He equates it to the same deal as gambling in Vegas. 'If you chart bitcoin and you don't see risk, you're dumb,' he said on a recent podcast. 'It's all over the freakin' world and that tells you it's a highly volatile, short-term play and you're trying to ride this thing out.' Read Next: Ramsey added it's got the 'cool factor' because it's related to technology and people want in on it because it's a fad. He advised, however, that you just need to be comfortable with the amount of money you put into bitcoin and its potential loss, saying, 'Just be able to burn the amount of money you put in there, in the middle of the kitchen table, and not miss it.' More From GOBankingRates 8 Common Mistakes Retirees Make With Their Social Security Checks This article originally appeared on Don't See This Crypto as a Risk? 'You're Dumb,' According to Dave Ramsey
Bloomberg
7 hours ago
- Bloomberg
Vance: If Elon Chilled Out, "Everything Would Be Fine"
In a podcast interview with Theo Von "This Past Weekend", Vice President JD Vance share his thoughts on Musk's exit from the Trump administration saying Musk "everything would be fine" if Musk chilled out a bit. (Source: Bloomberg)
