President Trump said Sunday that most Americans would receive a $2,000 dividend payment as a result of his administration’s tariffs levied against foreign countries. Trump announced the potential payments on his Truth Social platform, calling opponents of his tariffs “FOOLS” in a post. “We are taking in Trillions of Dollars and will soon begin paying…
Gov. Gavin Newsom strode onstage in Houston on Saturday to a cheering crowd of Texas Democrats, saying Proposition 50’s victory in California on election day was a win for the nation and a firm repudiation of President Trump. Newsom possessed the air of a politician running for president at the boisterous rally, a possibility the…
Getty Images As the Washington Commanders move forward with plans to build a new domed stadium on the old RFK Stadium site in Washington, D.C., there is reportedly a push from the White House for the stadium to be named after president Donald Trump. Trump and the White House have communicated a desire for the…
During a back and forth with reporters on Thursday in the Oval Office, President Trump recognized that US consumers are “paying something” for tariffs. “No, I don’t agree. I think that they might be paying something. But when you take the overall impact, the Americans are gaining tremendously,” Trump said. The White House has said…
The Supreme Court on Wednesday began its highly anticipated consideration of President Trump’s sweeping blanket tariffs, with the lawyer for the government making an audacious case. Trump’s duties “are not revenue-raising tariffs,” US Solicitor General D. John Sauer argued before the court, calling the tens of billions of dollars currently being brought in each month…
Private employers added 42,000 jobs to the US economy in October, according to ADP’s private payrolls report, rebounding from an upwardly revised loss of 29,000 jobs in September. Forecasters were expecting the economy to add 30,000 jobs during the month, according to S&P Global Market Intelligence. “Private employers added jobs in October for the first…
Investor Michael Burry disclosed on Monday that his hedge fund, Scion Asset Management, has taken positions against tech heavyweights Nvidia (NVDA) and Palantir (PLTR). Burry, who rose to fame for correctly predicting the US housing market bubble and subsequent stock market crash in 2008, has taken out puts — or trades that benefit from a…
President Trump said on Sunday that the most advanced Nvidia (NVDA) chips will be reserved for US companies and kept out of China and other countries. In comments to reporters aboard Air Force One, Trump said only US-customers will have access to high-quality Nvidia Blackwell chips. “The most advanced, we will not let anybody have…
The White House released a fact sheet late Saturday with more details about the trade agreement ironed out between President Trump and China’s President Xi Jinping in South Korea last week, China will suspend additional export controls on rare earth metals and end investigations into US chip companies, according to the new release. The US…
US stock futures edged lower Wednesday night as Wall Street digested a wave of Big Tech earnings alongside the Federal Reserve’s latest interest rate move, while waiting for President Trump’s long-awaited summit with Chinese leader Xi Jinping. Dow Jones Industrial Average futures (YM=F) fell about or 0.2%, while S&P 500 futures (ES=F) slipped 0.1%. Nasdaq…