Doge

New Street Research analyst Pierre Ferragu has expressed support for Tesla Inc. CEO Elon Musk‘s upcoming role in the newly announced Department of Government Efficiency while acknowledging the challenges ahead in reforming federal operations. What Happened: “Will be fascinating to see...

Popular dog-themed cryptocurrency Dogecoin (CRYPTO: DOGE) dumped hard Wednesday amid the broader market slump precipitated by the Federal Reserve's hawkish outlook. What happened: The world's largest meme coin by market capitalization sank to a 5-week low of $0.34 during the evening before clawing...

Peter Thiel has voiced his support for the Elon Musk-led Department of Government Efficiency initiative, suggesting it could be a key strategy to prevent significant tax increases. What Happened: During an interview on Thursday with Piers Morgan, Thiel noted that while many in Washington doubt the...

The U.S. defense sector is bracing for turbulence in 2025 as Goldman Sachs downgraded a key player in the industry and reiterated a bearish outlook on other defense stocks, citing risks tied to a slowing Pentagon budget and margin pressures. The defense budget, which has more than doubled over the...

Dogecoin (CRYPTO: DOGE) has taken a sharp U-turn this week amid the broader cryptocurrency market’s decline, but that hasn’t deterred optimists. What happened: The dog-themed meme coin has descended as much as 19% this week from the 7-day peak of $0.48. The downturn has been...

Palantir Technologies Inc. (NYSE:PLTR) CEO Alex Karp expressed strong support for The Department of Government Efficiency and Tesla Inc. CEO Elon Musk during a Fox News interview on Thursday, highlighting the growing intersection of technology and government reform. What Happened: “I...

Amazon.com Inc. founder Jeff Bezos offered an optimistic perspective on addressing America’s national debt crisis, emphasizing economic growth over spending cuts at the New York Times DealBook Summit on Wednesday. What Happened: “The way out is by outgrowing them,” Bezos said,...

Popular dog-themed cryptocurrency Dogecoin (CRYPTO: DOGE) rallied sharply Sunday after Sen. Bernie Sanders (I-Vt.) implicitly supported Elon Musk's upcoming Department of Government Efficiency, or DOGE. What happened: The world's largest meme coin by market capitalization leaped over 9% in the last...

Newly appointed government efficiency co-czar Vivek Ramaswamy says he will scrutinize a loan issued by the Biden administration to electric vehicle (EV) manufacturer Rivian, a rival of Tesla Inc. (NASDAQ:TSLA). What Happened: Ramaswamy, a biotech entrepreneur, will lead the Department of Government...

When the Drug Enforcement Administration marked its 50th anniversary last year, it had spent over $1 trillion partly to enforce Richard Nixon's 1970 Controlled Substances Act, the cornerstone of his War on Drugs, which is widely viewed as a failure. Now, doesn't this sound like the type of...

Prominent economist Claudia Sahm has criticized the newly formed Department of Government Efficiency (DOGE) and its leadership’s approach to government spending, particularly regarding their stance on the U.S. Census Bureau’s 2010 Super Bowl advertisement. What Happened: The controversy...

President-elect Donald Trump‘s appointed DOGE or the Department of Government Efficiency could potentially save $50–100 billion annually, according to Congressional Budget Office (CBO) analyses, said Mario Georgiou, CFA and executive director, head of investments at InCred Global Wealth U.K....

The job application process for Elon Musk‘s Department of Government Efficiency (DOGE) has come under scrutiny for potential conflicts of interest. What Happened: The Department of Government Efficiency, to be led by Musk and Vivek Ramaswamy, is on the hunt for “super high-IQ small-...

Nuclear energy stocks and ETFs have come to the fore as ARK Invest’s founder Cathie Wood reshared the firm’s study on how regulatory hurdles and anti-nuclear sentiment have caused cost overruns and rendered nuclear energy less cost-competitive than natural gas today. This comes as Tesla...

Cathie Wood, CEO of ARK Invest, endorsed the newly created Department of Government Efficiency (DOGE) under Elon Musk‘s leadership while advocating for stricter government spending controls in a series of posts on X on Sunday. What Happened: “Government spending is taxation,” Wood...