Nikola founder Trevor Milton, who was convicted of defrauding investors by exaggerating claims about his company's electric trucks, has been granted a full pardon by President Trump. This decision frees Milton from a four-year prison sentence and allows him to return to his family and life outside of prison.
Iowa's aging population is increasingly reliant on Social Security, but recent changes and uncertainty surrounding the program are causing anxiety among residents. Concerns about long wait times, new identity check requirements, and the involvement of billionaires in decision-making processes highlight the need for transparency and stability in the future of Social Security.
With the Federal Reserve keeping interest rates paused, savers have an opportunity to lock in high returns with long-term CDs, which offer competitive rates that can outpace inflation and provide significant returns over time. However, it's important to consider the limited liquidity of long-term CDs and the possibility of future rate cuts before making a decision.
Charlie Javice, founder of the financial aid software company Frank, was convicted of defrauding JPMorgan Chase by inflating her customer base. Javice faces a lengthy prison sentence after a jury found her guilty of lying about the number of customers Frank had, leading to a $175 million loss for the bank.
Tesla's sales have fallen for the first time in 12 years, marking a significant shift in the EV market as Chinese competitor BYD gains ground with its innovative fast-charging technology. This decline coincides with public concerns over Elon Musk's political involvement and the potential impact of Trump's trade policies on Tesla's future.