Open this photo in gallery: A cut-out of president-elect Donald Trump is displayed on the floor at the New York Stock Exchange in New York’s Financial District on Jan. 2.Seth Wenig/The Associated Press John Rapley is a contributing columnist for The Globe and Mail. He is an author and academic whose books include Why Empires…
News of more layoffs for federal workers is prompting increased concern about the repercussions of those cuts.“There are ways to cull federal service. This is not the way to do it,” said a local federal worker who asked not to be identified.On Thursday and Friday, the federal government laid off thousands of workers as part…
Open this photo in gallery: A commercial truck with a Canada, United States and Mexico flag on its side is seen crossing over the Ambassador Bridge into Windsor, Ont. from Detroit on Aug. 29, 2018.Rebecca Cook/Reuters The federal government has been informed that the United States will impose across-the-board tariffs of 25 per cent on…
Politics Sources tell WIRED that a select group of employees from Tesla, Neuralink, and xAI have taken on roles at the Office of Personnel Management. Published Jan. 29 2025 6:13PM EST Marc Piasecki/Getty Images Got a tip? Send it to The Daily Beast here. Source link
Donald Trump ordered a sweeping clampdown on government spending within days of entering the White House. An internal memorandum sent on Monday by the Office of Management and Budget ordered federal agencies to pause all grants and loans that have already been approved by the government. Some people are concerned about whether that means Social…
The European Commission filed a complaint at the World Trade Organization on Monday against what it said was China’s “unfair and illegal” practice of setting worldwide royalty rates for EU standard essential patents without the patent owner’s consent. The Commission, which oversees the trade policy of the 27-nation European Union, said China had empowered its…
A few years ago, Blackrock carried out a study in which they found that while the average equity mutual fund in the US over a 40-year period produced an annual rate of return of 8.1%, the average investor in the funds made only 2.1%. Blackrock researchers attributed this to the fact that retail investors tend…
The U.S. dollar rose broadly against major rivals on Tuesday after President-elect Donald Trump said he would sign an executive order imposing a 25 per cent tariff on all products coming in to the United States from Mexico and Canada. The dollar rose over 2 per cent against the Mexican peso and 1 per cent…
‘Shark Tank’ star Kevin O’Leary is enthusiastically backing Elon Musk’s plan to cut $2 trillion from federal spending—and in fact, he thinks the cuts should be even higher. If former president Donald Trump wins a second term, he has pledged to appoint Musk as head of a new Department of Government Efficiency that would enact…
Cracking into Mayor Eric Adams’ encrypted cell phone is going to be an uphill battle for federal authorities, experts told The Post. Hizzoner changed his cell phone password just one day before the FBI seized his electronic devices on Nov. 7 — claiming he did so in order to “preserve the contents of his phone…