Power
power

Federal workers have returned to the office in droves after government orders in January

Analysis from the Bureau of Labor Statistics, published Friday, revealed that less than 1 in 5 (~18%) federal government workers spent time teleworking or working at home for pay in April, down from ~31% in the same month last year.

Federal workers return to office
Sherwood News

The rate has also nearly halved since January, when the White House formally released a memorandum instructing all government agencies to “terminate remote work arrangements” for federal workers.

The Elon Musk-headed Department of Government Efficiency (DOGE) has been bullish on getting workers back to the office — or removing them from rosters altogether. But now, we’re seeing government employees that were initially laid off being reinstated and instructed to return to the office.

In recent months, the extensive terminations carried out by DOGE have been challenged by employees, unions, and legal groups, and at least 24,000 of these dismissals have been reinstated by court order, per The Guardian. Indeed, the ~7,000 probationary workers fired from the IRS and Treasury Department in February were then put on administrative leave following court rulings... and have been brought back as of May 23 to work in person full time.

The Elon Musk-headed Department of Government Efficiency (DOGE) has been bullish on getting workers back to the office — or removing them from rosters altogether. But now, we’re seeing government employees that were initially laid off being reinstated and instructed to return to the office.

In recent months, the extensive terminations carried out by DOGE have been challenged by employees, unions, and legal groups, and at least 24,000 of these dismissals have been reinstated by court order, per The Guardian. Indeed, the ~7,000 probationary workers fired from the IRS and Treasury Department in February were then put on administrative leave following court rulings... and have been brought back as of May 23 to work in person full time.

More Power

See all Power
power

Airbus faces a 10-day strike from UK workers, mirroring Boeing’s labor strife

Thousands of UK union Airbus workers plan to strike for 10 days in September amid a contract dispute.

The union workers build wings for Airbus’ commercial jets, threatening a production slowdown for the European plane maker.

As Airbus’ labor tension builds, rival Boeing’s has already boiled over: earlier this month, more than 3,000 Boeing workers who build military aircraft started a strike that remains ongoing. The action came less than a year after the company faced a two-month stoppage from a machinist strike.

Airbus, for now, says it doesn’t see the strikes affecting full-year deliveries.

As Airbus’ labor tension builds, rival Boeing’s has already boiled over: earlier this month, more than 3,000 Boeing workers who build military aircraft started a strike that remains ongoing. The action came less than a year after the company faced a two-month stoppage from a machinist strike.

Airbus, for now, says it doesn’t see the strikes affecting full-year deliveries.

power
Rani Molla
8/20/25

Elon Musk’s political party isn’t happening, as Tesla CEO gives up on the “America Party”

In July, Tesla CEO Elon Musk announced his own political party, the America Party — a move intended to “give you back your freedom.” What it did at the time was invoke the wrath of President Donald Trump and send the stock down.

A month and a half later, The Wall Street Journal is reporting that Musk is “pumping the brakes” on his third party.

According to the Journal, “Musk has told allies that he wants to focus his attention on his companies and is reluctant to alienate powerful Republicans by starting a third party that could siphon off GOP voters.” He also wants to maintain ties with Vice President JD Vance, the presumptive Republican presidential candidate for 2028.

What happened?

For one, earlier this month Tesla’s board approved a roughly $30 billion interim pay package that Musk will only realize if he remains at the company for two years.

The stock isn’t moving on the news so far, but investors and analysts typically see Musk’s focus on his public company as a good thing.

According to the Journal, “Musk has told allies that he wants to focus his attention on his companies and is reluctant to alienate powerful Republicans by starting a third party that could siphon off GOP voters.” He also wants to maintain ties with Vice President JD Vance, the presumptive Republican presidential candidate for 2028.

What happened?

For one, earlier this month Tesla’s board approved a roughly $30 billion interim pay package that Musk will only realize if he remains at the company for two years.

The stock isn’t moving on the news so far, but investors and analysts typically see Musk’s focus on his public company as a good thing.

NewsNation reporter

Nexstar, the US’s largest local TV broadcaster, is looking to get bigger with a $6.2 billion megamerger

TV broadcaster Nexstar plans to merge with smaller rival Tegna, testing the Trump administration’s consolidation appetite.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.