-
Top Biden Aide to Trump: 'Declare Victory' in Trade War
Former President Joe Biden's top economic adviser, Jared Bernstein, said he would advise President Donald Trump to publicly "declare victory" in the ongoing trade war, arguing that doing so could ease economic uncertainty and help the markets recover, The Hill reported.
-
Harvard to Keep DEI Programs, Rejects Trump Demands
Harvard University announced on Monday that it would not comply with the Trump administration's demands to end diversity, equity, and inclusion programs or expel pro-Palestinian demonstrators.
-
Meta Chief Zuckerberg Testifies at Landmark US Antitrust Trial
Meta chief and co-founder Mark Zuckerberg took the stand Monday in a landmark US anti-trust trial in which his social media juggernaut stands accused of abusing its market power to acquire Instagram and WhatsApp before they could become competitors.
-
Stocks Rise on Trump's Electronics Tariffs Pause
The three major U.S. stock indexes ended higher Monday, with Apple giving the S&P 500 a strong boost as the White House exempted smartphones and computers from new tariffs.
-
BlackRock Boosts Outlook for US Stocks on Tariffs Pause
The BlackRock Investment Institute said Monday that it is taking a modestly more bullish stance on U.S. stocks following the announcement of a 90-day pause in implementing most U.S. tariffs.
-
Credit Crisis at the Gates
How the Trade War Shakes the Financial System
-
Trump Calls Out CNN: 'They Hate Our Country'
President Donald Trump on Monday said CNN refuses to report accurately on the decrease in migrants crossing the southern border because "they hate our country."
-
Can Trump's 'Gold Card' Visa Program Solve Our National Debt Crisis?
Last week, President Trump floated an idea to sell what he called the "Gold Card" Visa Program, in which wealthy foreigners seeking entry to America would have the opportunity to purchase a special visa with a whopping price tag of $5 million.
-
Debt Ceiling Disaster Ahead?
The U.S. is running out of money. Fast. If Congress doesn't raise the debt ceiling, we could hit the "X-date" as early as July 2025, according to the Congressional Budget Office (CBO). That's the day the government officially can't pay its bills.
-
Human Tooth Grown in Lab
Scientists at King's College in London announced they have managed to grow a human tooth, the BBC reported.
-
Fed's Christopher Waller: Tariffs a Major Shock
The Trump administration's tariff policies are a major shock to the U.S. economy that could lead the Federal Reserve to cut interest rates to head off recession even if inflation remains high, or alternately leave little lasting imprint if they turn out to be a negotiating...
-
Nvidia Aims to Produce $500B of AI Tools in US
Nvidia Monday announced plans to build top-end artificial intelligence supercomputer chips entirely in the United States for the first time.
-
The President is Right to Preserve Tax Cuts to Protect US Businesses, Working Families
Financial markets are whipsawing surrounding the president's ongoing efforts to right-size America's trade imbalances through tariffs. It's a noble goal if the result yields greater prosperity and a reduction in global tariffs and other non-tariff barriers.
-
Fisher-Price Recalls 253K Baby Toys for Choking Risk
Fisher-Price has recalled 253,000 baby stroller toys in the U.S. because of a choking risk, according to the U.S. Consumer Product Safety Commission (CPSC).
-
Xi Calls on China, Vietnam to 'Oppose Unilateral Bullying' on Regional Tour
Chinese leader Xi Jinping Monday called on his country and Vietnam to "oppose unilateral bullying," Beijing's state media reported, during a regional tour as leaders confront US tariffs.
-
Where Tariff Price Hikes Will Hit Your Wallet First
President Donald Trump's tariffs will raise the prices of almost all goods imported to the United States. Coupled with an initial round of tariffs last month, his actions will place a levy of 10% to 54% on foreign goods.
-
Economist Stephen Moore to Newsmax: Trump Tariffs Should Be 'Uniform'
Economist Stephen Moore, President Donald Trump's former senior adviser, told Newsmax on Monday that the president's tariff policy should "apply to everybody."
-
Recognizable Reaction Patterns in the Bureaucratic Babylon
Donald Trump's tariff offensive has opened the door to real trade negotiations. But the EU remains stubborn, clinging to hidden trade barriers and generous subsidies.
-
White House Adviser: US, EU Making Progress on Tariffs
U.S. and European Union negotiators have met numerous times and are making enormous progress, White House economic adviser Kevin Hassett said Monday as EU negotiators were in Washington for talks on President Donald Trump's tariffs.
-
Citigroup Downgrades US Equities, Cuts S&P 500 Target Below 6000
Citigroup downgraded its stance on U.S. equities and slashed its S&P 500 index target for this year as it expects tariff uncertainty to hurt corporate America's earnings.
-
Trump's Tariff Policy Is Working Spectacularly
What a volatile week we just had. High threatened tariffs were paused, mostly because about half of the world was eager to negotiate a new trade deal. The stock market couldn't decide if it should go up or down, so we saw spectacular moves in both directions.
-
Trump Starts Tariff Talks With Seoul, Japan, India
South Korea's acting President Han Duck-soo said on Monday President Donald Trump appeared to have directed talks on tariffs to begin immediately with South Korea, Japan and India, Yonhap News Agency reported. Han also said he expected there to be a video meeting...
-
Pfizer Discontinues Weight-Loss Pill Danuglipron
Pfizer Monday said it has discontinued development of experimental weight-loss pill danuglipron after a trial patient experienced potential drug-induced liver injury which resolved after the medication was stopped.
-
Goldman Raises Year-End Gold Forecast to $3,700/oz
Goldman Sachs has increased its year-end gold forecast to $3,700 per troy ounce, citing stronger-than-expected central bank demand and heightened recession risks impacting ETF inflows.
-
Morning Bid: Doing the Tariff Two-Step
So the "reciprocal" tariffs are off smartphones and some electronics - but maybe only for a while as they could get their own special tariff once the White House has completed a study of the global supply chain.