Text size In leaning on hawks Marco Rubio and Mike Waltz, Donald Trump is setting the stage for an existential battle against China — although, as always, the president-elect’s knack for dealmaking may intervene. Trump, who rhetorically at least has long broken with the historic bipartisan consensus in Washington for an assertive US global role,…
President-elect Donald Trump announced tonight that he would be appointing billionaire Elon Musk and former Republican presidential candidate Vivek Ramaswamy to head a new Department of Government Efficiency (DOGE) upon taking office in 2025. The acronym DOGE appears to be a reference to the digital currency dogecoin, of which Musk is a fan. “These two…
With the lockouts, $930m of goods are being affected daily, affecting supply chains and local economy, the government says. Canada’s labour minister is intervening to end the lockouts of workers at the country’s two biggest ports. Minister of Labour Steven Mackinnon said on Tuesday that the negotiations had reached an impasse and he was directing…
On the afternoon of Election Day, Elon Musk stopped by his polling place in South Texas, then headed to one of his private planes, bound for what he hoped would be a victory party for Donald Trump at the Mar-a-Lago Club in Palm Beach, Florida. On the way, Musk held an impromptu political rally. He…
Policymakers have long said they were doing what they could to ease the pocketbook pain of average Americans. Now, a new administration has the chance to take real action that will help prevent higher cell phone bills while also connecting more Americans and keeping our communications infrastructure competitive with China. The good news? Policymakers and…
Here are five key things investors need to know to start the trading day: 1. On the lookout 2. Home Depot raises outlook A Home Depot store in Louisville, Kentucky, US, on Monday, Aug. 14, 2023. Jon Cherry | Bloomberg | Getty Images Home Depot beat Wall Street expectations as quarterly sales rose 6% year…
Activists who dispute the severity of climate change enjoyed cachet in Donald Trump’s first administration and salivated over the prospect of his return to the White House. Now that he’s won, they’ve delivered a wish list to his transition team. At the top of their agenda: Terminating federal science advisory boards, reviewing air-quality regulations issued…
NEW YORK (AP) — As money continues to pour into crypto following Donald Trump’s victory last week, bitcoin has climbed to yet another record high. The world’s largest cryptocurrency topped $87,000 for the first time on Monday. As of around 3:45 p.m. ET, bitcoin’s price stood at $87,083, per CoinDesk, up over 28% in the…
WASHINGTON – All that’s left is for President-elect Donald Trump to put his name on it — if he wants. Trump won the White House in large part because of voters’ frustration with high prices and a sense that the United States needs major changes. But when he enters office in January, Trump will inherit…
China is planning to cut taxes for home purchases as the government dials up fiscal support to revive a moribund housing market, according to people familiar with the matter. Regulators are working on a proposal that would allow mega cities including Shanghai and Beijing to cut the deed tax for buyers to as low as…