High-income U.S. consumers are pulling back. Mortgage applications are down, Walmart (WMT) is reporting grocery gains from monied households suddenly keen for deals on eggs and bananas. And now Target joins a growing list of beloved brands waving the red flag that a recession may be coming.

Following a New York Times report in March 2025 about a potential Pentagon briefing on the U.S.-China conflict, Donald Trump denied Elon Musk's involvement, leading Musk to distance himself from the Department of Government Efficiency (DOGE).

President Trump no longer mentions Elon Musk in his social media posts, but Musk recently caught a flight to the Persian Gulf with the president.

Tesla CEO and outgoing head of the Department of Government Efficiency, Elon Musk, reportedly joined U.S. President Donald Trump on his trip to the Middle East. The outgoing government employee was spotted being forced into a handshake by his former boss while a Saudi Arabian official looked on.

Musk may be taking a step back from his full-time gig at the Trump administration’s DOGE. But his companies are still benefiting from the unprecedented relationship between the world’s richest man

Steve Bannon said Elon Musk's role in the Trump government changed after Trump denied a report about Musk getting a secret China briefing. Musk is now focusing more on his companies and less on politics,

The Tesla innovator becomes the latest government employee to lose his job.