The Club’s top 10 things to Thursday, Oct. 2 — Matthew J. Belvedere and Kevin Stankiewicz wrote this morning’s newsletter. 1. The S & P 500 was heading for a higher open this morning. The index reversed yesterday’s early declines on the government shutdown and weak ADP jobs concerns and closed at a record high….
The Trump administration is encouraging Taiwan to relocate some of its investment and semiconductor production to the US. According to US Secretary of Commerce Howard Lutnick, the goal is to ensure that half of America’s chips are manufactured domestically. This push, which could have implications for Taiwan’s national defence, is part of a strategy to…
It is not the best salesmanship to openly tell your biggest customer you won’t sell them your best products, only inferior ones taking up storage space. And yet, in explaining why US President Donald Trump would let Nvidia and other US tech firms sell chips to China, Commerce Secretary Howard Lutnick pretty much said the…
Commerce Secretary Howard Lutnick says Donald Trump won’t let Elon Musk slide for the way the billionaire left his government position. Lutnick’s take on Trump’s spectacularly messy public divorce from from ex-bestie Musk came during a sit down with NewsNation host Batya Ungar-Sargon on Friday. Lutnick said that while the pair may find a way…
WASHINGTON, DC – SEPTEMBER 19: A poster of the “Trump Gold Card” is seen as President Donald Trump delivers remarks in the Oval Office at the White House on September 19, 2025 in Washington, DC. The “Trump Gold Card” is a visa that allows foreign nationals permanent residency and a pathway to U.S. citizenship for…
Donald Trump’s miserable job market will not even start to improve for a few more months, Commerce Secretary Howard Lutnick has warned. President Trump, whose handling of the economy is often cited by supporters as one of his strengths, has been hit with waves of underwhelming and disheartening job reports this year. On the presidential…
Days after the bonhomie between Prime Minister Narendra Modi, Chinese President Xi Jinping and Russian President Vladimir Putin at the Shanghai Cooperation Organisation (SCO) summit in Tianjin, President Donald Trump said on Friday it looks like the US has lost India and Russia to “darkest” China. “Looks like we have lost India and Russia to…
Following is a summary of current US domestic news briefs. Fed nominee Miran tells Senate panel he’s ‘not at all’ Trump’s puppet Stephen Miran, President Donald Trump’s pick to fill an open seat at the Federal Reserve, on Thursday parried dozens of questions from lawmakers about whether he will make interest-rate decisions independently of…
WASHINGTON (AP) — President Donald Trump seemingly caught his loyal conservative base off-guard and sparked backlash by saying he would allow 600,000 Chinese students into American universities. That would be a departure for the Trump administration after it added new vetting for student visas, moved to block foreign enrollment at Harvard and expanded the grounds…
TOKYO (Reuters) -The United States will make an announcement this week on Japan’s $550 billion investment in the U.S., Commerce Secretary Howard Lutnick said, as a top Japanese trade envoy is reportedly planning to visit Washington to formalise the deal. “The Japanese agreement, which we’re going to announce later this week, that’s $550 billion at…