President-elect Donald Trump named Elbridge Colby as his next undersecretary of defense policy. In February, Colby said “disabling or destroying TSMC is table stakes” if China invades Taiwan. Colby made the same point in 2023, saying the US should never allow TSMC to fall into Chinese hands. President-elect Donald Trump’s pick for undersecretary of defense…
LinkedIn cofounder Reid Hoffman hopes a second Trump term can usher in an era of AI innovation. In a recent op-ed for The Financial Times, he shared several concerns he has for the administration. Hoffman warned that Elon Musk shouldn’t use his relationship with Donald Trump to boost xAI. LinkedIn cofounder Reid Hoffman said Elon…
Yesterday, Ukrainian President Volodymyr Zelensky vowed to “do everything” to end Russia’s war against his country by “diplomatic means” in 2025. Zelensky conceded that President-elect Donald Trump’s return will hasten the end of the Ukraine war. Zelensky’s comments raised eyebrows as they departed from his typically defiant tone. At the February 2024 Munich Security Conference,…
Indexes slipped Thursday as traders focused on remarks from Fed Chair Jerome Powell. Powell said the Fed is in no hurry to cut rates, and reiterated the strength of the US economy. Traders also digested wholesale inflation data, which was in line with expectations. Thanks for signing up! Access your favorite topics in a personalized…
Xi Jinping has put the fate of his country and regime in the hands of others, especially the next leader of the country he considers an enemy, the United States. Yes, China’s ruler, who many consider the world’s most powerful figure, is, in reality, helpless. How did that happen? In short, Xi did it to…
President-elect Donald Trump took a phone call with Vladimir Putin on Thursday. Trump also had a call with Ukrainian President Volodymyr Zelenskyy. In July 2023, Trump said he could stop the Ukraine war within 24 hours. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the…
For Trump, the performance of the stock market is seen as validation of his own achievements, and he will not want it to stumble. He needn’t worry, at least for now. History shows that financial and business deregulation is like rocket fuel for speculative stock market activity, and with more money in people’s pockets from…
Tesla has criticized the US government’s plans to ban Chinese software from US cars. In a regulatory filing, the automaker said the new rules would add “unneeded regulatory burdens.” President Joe Biden announced plans to ban Chinese software after clamping down on China’s EV giants. Thanks for signing up! Access your favorite topics in a…
General Motors CEO Mary Barra said on Tuesday that EV manufacturers face steep competition in China. That competition comes with prices that are going “lower and lower,” she said. It’s not sustainable for EV manufacturers like GM, Barra said. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the…
Israel’s attacks on Iran this morning were devastating. Dozens of combat planes flew 1,000 miles and are reported to have struck 20 military sites across the country. The primary targets were air defence systems and missile manufacturing facilities. This leaves Tehran more vulnerable to future strikes. But there are two other consequences of Israel’s raids…