Trump rings the opening bell on the trading floor of the New York Stock Exchange (NYSE) on December 12, 2024 after being named TIME’s “Person of the Year.” Spencer Platt/Getty Images The Trump administration is teeing up what could be the biggest shakeup in U.S. housing finance since the 2008 crisis—a pair of IPOs that…
U.S. chipmakers Nvidia and AMD will pay the U.S. government 15% of revenue generated by sales of their AI chips in China, a White House official confirmed to CBS News. The Financial Times on Sunday reported that the agreement between the tech giants and the U.S. government was reached as a condition for granting export licenses…
President Trump on Saturday said he is nominating State Department spokesperson Tammy Bruce as the next deputy representative to the United Nations. “Since the beginning of my Second Term, Tammy has been serving with distinction as Spokesperson of the State Department, where she did a fantastic job,” the president said in a Truth Social post. Bruce…
Azerbaijan and Armenia signed a US-brokered peace agreement on Friday during a meeting with US President Donald Trump that would boost bilateral economic ties after decades of conflict and move them toward a full normalization of their relations. Donald Trump said the United States signed separate deals with both Azerbaijan and Armenia to expand cooperation…
Pasadena, California — School librarian Sharon Nicholls and her neighbors have made their local Home Depot in Pasadena, California, a top priority. “I’m not an activist,” Nicholls told CBS News. “We’re all just regular people.” Nicholls and her neighbors are part of a campaign called Adopt a Corner which comes to the Home Depot every…
Intel CEO Lip-Bu Tan is responding to President Trump’s call for him to resign over alleged conflicts related to his ties to Chinese businesses, saying he wants to clear up “a lot of misinformation.” Tan, who became Intel’s CEO in March, defended himself in a letter addressed to employees and released publicly on Thursday. Mr. Trump on Thursday…
A Miami federal judge has issued a temporary restraining order on Alligator Alcatraz, pausing construction involving the controversial migrant detention center as attorneys argue whether it violates environmental laws. During Thursday’s hearing, U.S. District Judge Kathleen Williams said the temporary restraining order will last 14 days and puts a pause on any construction projects involving Alligator…
Welcome back to Foreign Policy’s Situation Report, where, like U.S. President Donald Trump, we also occasionally enjoy walking around our office rooftop area. Alright, here’s what’s on tap for the day: Unpacking U.S. special envoy Steve Witkoff’s fifth trip to Moscow, Israeli Prime Minister Benjamin Netanyahu’s controversial Gaza takeover proposal, and a new U.S. tariff…
In a wide-ranging interview with CBS News, U.S. Ambassador to Israel Mike Huckabee said it’ll be up to the Israeli government to decide whether to fully take over the Gaza Strip. “It’s not our job to tell them what they should or should not do,” Huckabee said. “Certainly, if they ask for wisdom, counsel, advice,…
President Trump called on the CEO of Intel to resign on Thursday, prompting the technology company’s stock to slip before the opening bell. “The CEO of Intel is highly CONFLICTED and must resign, immediately,” Trump posted on Truth Social, without providing additional details. “There is no other solution to this problem. Thank you for your…