US President Donald Trump delivered the worst returns in half a century for American stocks and the dollar during the first 100 days of his second White House term. But he may end up making Hong Kong great again as a financial hub, amid renewed interest in Chinese stocks listed in the city. The Dow…
NEW YORK (AP) — The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner of the financial markets that rarely gets headlines: Investors are dumping U.S. government bonds. Normally, investors rush into Treasurys at a whiff of economic chaos but now they are selling them…
FORT LAUDERDALE, Fla. (AP) — Top administration officials said Sunday that more than 50 countries targeted by President Donald Trump’s new tariffs have reached out to begin negotiations over the sweeping import taxes that have sent financial markets reeling, raised fears of a recession and upended the global trading system. The higher rates are set…
WASHINGTON (AP) — Donald Trump, the real estate developer turned commander in chief, is laying bare his style of diplomacy in the early weeks of his new term: It’s a whole lot like a high-stakes business deal, and his No. 1 goal is to come out of the transaction on top. The tactics are clear…
WASHINGTON (AP) — A federal judge in Washington refused Friday to block employees of Elon Musk’s Department of Government Efficiency from accessing Treasury systems containing sensitive personal data for millions of Americans. She acknowledged, however, privacy concerns about their work. DOGE is still limited by a different court order in New York. In Washington, U.S….
They might be loved up and happily married now, but these eight celebrity couples were once just single high school students trying to get through algebra homework and exams. While they’re now often spotted walking arm in arm at the biggest events across the globe from the Oscars red carpet to Donald Trump‘s inauguration, there…
PALM BEACH, Fla. (AP) — President Donald Trump said Sunday that Americans could feel “some pain” from the emerging trade war triggered by his tariffs against Canada, Mexico and China, and claimed that Canada would “cease to exist” without its trade surplus with the United States. “Canadians are perplexed,” the country’s U.S. ambassador said. “We…
The region will have a new top federal prosecutor after Monday’s inauguration of Donald Trump — and the work of the U.S. attorney’s office often shifts to reflect what the new administration prioritizes in its agenda. Scott Brady, the Western District of Pennsylvania’s former U.S. attorney and first-term Trump pick, anticipates the next U.S. attorney…
JUSTIN LANE/POOL/EPA-EFE / Shutterstock / JUSTIN LANE/POOL/EPA-EFE / Shutterstock The 2017 Tax Cuts and Jobs Act (TCJA), signed by then-President Trump, was the most recent major overhaul to the IRS tax code. However, the legislation was criticized — by his opponents — for favoring corporations and wealthy taxpayers at the expense of middle class and…
Before President Biden’s recent decision to pardon his son Hunter Biden, a rare and highly scrutinised move, there have been a few notable instances in which U.S. presidents have extended the power of presidential pardons to their own family members. FILE – President Joe Biden, wearing a Team USA jacket and walking with his son…