TV News LIES

A jury on Friday found that Elon Musk misled Twitter’s shareholders by driving down Twitter’s stock price ahead of his $44 billion acquisition of the company in 2022.

The San Francisco jury were asked if two tweets and comments made by Musk on a podcast showed that he deliberately defrauded the shareholders and drove down Twitter’s stock price. They concluded that the tweets were false and misleading but did not hold him liable for the podcast comment.

The jury also dismissed the investors’ claim that Musk’s tweets and comments amounted to a scheme.

Four of the shareholders sued Musk in October 2022, claiming they suffered major losses as a result of Musk’s comments regarding spam bot accounts on Twitter, now the social platform X. The four shareholders’ lawyers said on Friday that Musk could now be forced to pay former shareholders around $2.5 billion, The New York Times reported.

“This is a great example of what you cannot do to the average investor –– people that have 401ks, kids, pension funds, teachers, firemen, nurses,” Joseph Cotchett, one of the investors’ attorneys, told CNBC. That’s what this case was all about. This was not about Musk. It was about the whole operation.”

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The U.S. economy shed 92,000 jobs in February, the  estimated March 6, falling far short of forecasters' expectations, and signaling the labor market is still in low-hire mode as employers navigate tariff-related inflation pressures, AI adoption, and geopolitical uncertainty.

The February estimate comes in much lower than the BLS’ now-revised gain of 126,000 jobs added in January, which was much higher than the agency’s revised figures for 2025, when U.S. employers added only 181,000 jobs throughout the entire year, or about 15,000 a month.

“The weak jobs report challenges the recent stabilization narrative and puts the Fed in a difficult position, especially as the spike in oil prices adds near‑term inflation pressure,” Angelo Kourkafas, Senior Global Strategist at Edward Jones, said in a note to USA TODAY, adding that economists should avoid over-extrapolating the trend given weather and labor disruptions' potential impact on hiring in February.

He added, “however, with global geopolitical uncertainty elevated, it is reasonable to expect that job growth may remain subdued in the months ahead.”

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The federal trade court judge overseeing the refund process for President Trump’s tariffs ordered the administration Wednesday to   paperwork for imported goods without charging companies for the invalidated levies.

The order from Richard Eaton, a senior judge on the U.S. Court of International Trade, is set to impact millions of tariff entries submitted to the government that were declared illegal by the Supreme Court’s blockbuster decision.

Companies won’t immediately receive money, but the order marks a milestone that moves the laborious process along.

More than 1,000 companies have sued for refunds, hoping the government will now return tens of billions of dollars following the much-anticipated decision. Eaton’s ruling came in the lawsuit filed by Atmus Filtration, but he said the trade court’s chief judge has put him in charge of all cases pertaining to refunds.

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Gov. Kathy Hochul (D) is calling on the Trump administration to refund approximately $13.5 billion to New York residents after the Supreme Court ruled last week that the bulk of President Trump’s tariffs are unconstitutional. 

“These senseless and illegal tariffs were just a tax on New York consumers, small businesses and farmers — and that’s why I’m demanding a full refund,” Hochul, who is up for reelection this year, said in a statement Tuesday.

“I’ll never stop fighting for New Yorkers, and that means staying focused on putting more money back in your pockets — not ripping it away,” she added.

Her office cited Yale Budget Lab estimates that the average New York household shouldered an additional $1,751 in added costs as a result of the tariffs, totaling $13.5 billion for the state. 

The Supreme Court, in a 6-3 decision Friday, delivered a blistering ruling against the Trump administration, rejecting the president’s expanded use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs on nearly every country.

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John Paulson, a hedge fund billionaire and one of Donald Trump’s earliest Wall Street backers, is planning to offshore an Ohio manufacturing plant to China despite heavy pushback from employees.

Workers at the plant call the move “a slap in our face”, after Paulson vocally defended domestic manufacturing, and are fighting to keep the plant open.

Conn Selmer, the largest US manufacturer of brass and orchestra instruments, told the union it planned to offshore most work at its Eastlake, Ohio, plant to China by the end of June 2026, eliminating 150 jobs.

United Auto Workers (UAW) Local 2359, which represents the 150 employees, said workers were informed of the closing when it first sat down to bargain over their new union contract last month.

“We came in with a full proposal, fully prepared to bargain, and they started off with a presentation of telling us how bad we were doing,” said Robert Hines, president of UAW Local 2359 and an employee at the plant. The company told them there would be no bargaining and the plant would be closing.

Workers say offshoring is an attack on the union, citing rhetoric that the plant has not been productive despite previous praise from company management.

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Over the last year, US corporate leaders have often explained layoffs by saying the positions were no longer needed because artificial intelligence had made their companies more efficient, replacing humans with computers.

But some economists and technology analysts have expressed skepticism about such justifications and instead think that such workforce cuts are driven by factors like the impact of tariffs, overhiring during the Covid-19 pandemic and perhaps simple maximising of profits.

While AI is having an impact on the workplace, experts suggest tariffs, overhiring during the pandemic and simply maximising profits may be bigger factors

In short, the CEOs are allegedly engaged in “AI-washing”.

“You can say, ‘We are integrating the newest technology into our business processes, so we are very much a technological frontrunner, and we have to let go of these people,’” said Fabian Stephany, a departmental research lecturer at the Oxford Internet Institute.

In 2025, AI was cited as a reason for more than 54,000 layoffs, according to a December report from the consulting firm Challenger, Gray & Christmas.

In January, Amazon alone laid off 16,000 workers after making 14,000 reductions in October.

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