News

Elon Musk is taking legal action against former Representative Jamaal Bowman for defamatory remarks made on CNN, where Bowman referred to Musk as a "Nazi" and a "thief." This lawsuit marks a significant escalation in the ongoing public discourse surrounding Musk's role in the Trump administration, with the outcome potentially setting a precedent for how public figures respond to defamatory remarks in the future.

Toyota subsidiary Hino Motors pleaded guilty to manipulating emissions data and selling over 105,000 non-compliant diesel engines in the U.S., resulting in a $1.6 billion penalty. The company will pay a $521.76 million criminal fine, serve five years of probation, and implement a compliance program.

The stock market experienced a turbulent week, with several large-cap stocks taking a significant hit. KE Holdings, Reddit, Incyte Corporation, XPeng Inc., Nucor Corporation, Booz Allen Hamilton Holding Corporation, Futu Holdings, and Micron Technology, Inc. were among the worst performers, with their share prices declining due to various factors such as analyst downgrades, missed earnings expectations, and economic uncertainty.

A dormant Bitcoin wallet worth $250 million has been reactivated after eight years, potentially signaling selling pressure and impacting the cryptocurrency market's volatility. This event highlights the unpredictable nature of the cryptocurrency market, as large movements of Bitcoin can significantly influence its price.

The FBI has issued a public warning about a rise in attacks on Tesla properties and vehicles, including arsons, vandalism, and protests, urging the public to remain vigilant and report any suspicious activity. The timing of these incidents coincides with growing criticism of CEO Elon Musk, raising concerns about a potential connection.