One of the hottest assets in the market since the presidential election, surprisingly, isn’t AI chip darling Nvidia (NVDA). On the contrary, it’s bitcoin (BTC-USD) and the wider crypto market as optimism on the space is at record highs ahead of the new Trump administration. SEC chair Gary Gensler exiting stage left soon has also…
Why Trump wants to tariff goods from Canada, China and Mexico – CBS News Watch CBS News President-elect Donald Trump said he will impose widespread tariffs on goods from Canada, Mexico and China, three major U.S. importers. Some economists warn the plan will raise prices. CBS News congressional correspondent Nikole Killion has more and CBS…
Gov. Gavin Newsom plans to revive California’s EV rebate if Trump ends the federal tax credit. But Tesla, the largest maker of EVs, would be excluded under the proposal. Elon Musk criticized Tesla’s potential exclusion from the rebate. California Gov. Gavin Newsom is preparing to step in if President-elect Donald Trump fulfills his promise to…
China’s biggest risk during Donald Trump’s second term as president would be US government overhauls driven by tech billionaire Elon Musk, a leading Chinese political scientist and policy adviser to Beijing has warned. As a countermeasure, China should expand unilateral opening-up measures towards countries including the United States, Zheng Yongnian, dean of the School of…
Trump to tap McMahon for education secretary Trump expected to name Linda McMahon as education secretary pick 00:22 President-elect Donald Trump is expected to pick Linda McMahon, the former wrestling executive, to head the Department of Education, two sources familiar with the transition told CBS News Tuesday. McMahon led the Small Business Administration during Trump’s…
During their meeting over the weekend, Chinese President Xi Jinping delivered a stern warning to US President Joe Biden, widely perceived to be intended for Donald Trump’s incoming administration. The underlying message was loud and clear: do not try to seek regime change in China. Xi outlined Beijing’s core stance, expectations and “guardrails” the Chinese…
Brendan Carr speaks during a House Committee on Energy and Commerce Subcommittee on Communications and Technology Hearing titled Connecting America. The Washington Post | The Washington Post | Getty Images President-elect Donald Trump will tap Brendan Carr, a critic of the Biden administration’s telecom policies and Big Tech, as chairman of the Federal Communications Commission, he said…
He is coming into office with the unreserved support of the world’s richest man, according to the Bloomberg Billionaires Index – tech mogul Elon Musk – who has just been named to lead a new department of efficiency. The massive power Trump now wields has sent shock waves across the US and around the world….
President-elect Donald Trump tapped Karoline Leavitt, one of the spokespeople who helped him get elected and is aiding in his return to office, as his incoming White House press secretary on Friday. At 27 years old, she’ll be the youngest person to ever serve in the role and the first from Generation Z. “Karoline is…
Chinese President Xi Jinping made a detailed pitch for globalisation, liberalised trade and shared economic growth on the Asia-Pacific Economic Cooperation’s sidelines in Peru on Friday, drawing a sharp contrast with the US as it turns increasingly inward. While Donald Trump was not mentioned by name in the 20-minute speech delivered at the CEO summit,…