Donald J. Trump
Mortgage rates slingshot higher as tariff uncertainty roils markets
A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates hit their highest level in over a month this week, reversing course after a period of improvement. The average rate on the 30-year fixed rate jumped 22 basis points Monday and another 3 […]
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Cambodia hit with highest Trump tariff, but manufacturing ‘absolutely not’ coming back to U.S., trade group says
A garment factory in Phnom Penh, Cambodia. Bloomberg | Bloomberg | Getty Images Among the top goals for President Donald Trump and his administration in hitting trading partners with steep tariffs is bringing manufacturing capacity back to the U.S., even if it comes at the price of short-term market and economic duress. But in Cambodia, […]
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DOJ ends crypto enforcement team, shifts focus to terrorism and fraud
Department of Justice Headquarters in Washington, D.C. on April 18, 2022. Kent Nishimura | Los Angeles Times | Getty Images The U.S. Justice Department abruptly shut down its National Cryptocurrency Enforcement Team, signaling a major shift in how the federal government will handle crypto-related crimes going forward, according to a memo sent Monday night by […]
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Treasury Secretary Bessent says China’s escalation was ‘big mistake,’ country playing with ‘losing hand’
Treasury Secretary Scott Bessent said Tuesday the U.S. holds a substantial advantage over China as the two nations exchange threats in a burgeoning trade war. “I think it was a big mistake, this Chinese escalation, because they’re playing with a pair of twos,” Bessent said during an interview on CNBC’s “Squawk Box.” “What do we […]
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Drone delivery startup Zipline expands to Texas with Walmart partnership
A drone operator loads a Walmart package into Zipline’s P1 fixed-wing drone for delivery to a customer home in Pea Ridge, Arkansas, on March 30, 2023. Bunee Tomlinson Zipline, a startup that delivers everything from vaccines to ice cream via electric autonomous drones, expanded its service to the Dallas area on Tuesday through a partnership […]
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Chief Justice Roberts pauses deadline for return of Maryland man mistakenly deported to El Salvador
The U.S. Supreme Court is seen on April 07, 2025 in Washington, DC. Kayla Bartkowski | Getty Images Chief Justice John Roberts agreed Monday to pause a midnight deadline for the Trump administration to return a Maryland man mistakenly deported to a notorious prison in El Salvador. The temporary order comes hours after a Justice […]
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Trump orders new review of U.S. Steel acquisition by Japan’s Nippon Steel
A tugboat pushes a barge near the U.S. Steel Corp. Clairton Coke Works facility in Clairton, Pennsylvania, on Sept. 9, 2024. Justin Merriman | Bloomberg | Getty Images President Donald Trump on Monday ordered the proposed acquisition of U.S. Steel by Japan’s Nippon Steel to undergo a new review after the deal was blocked by […]
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Apple’s highest-end iPhone could see $350 price hike in U.S. on Trump tariffs, analyst predicts
A customer checks Apple’s latest iPhone 16 Plus (right) and Apple’s latest iPhone 16 Pro Max (left) series displayed for sale at Master Arts Shop in Srinagar, Jammu and Kashmir, on September 26, 2024. Firdous Nazir | Nurphoto | Getty Images President Trump’s reciprocal tariffs could lead Apple to raise the price of the iPhone […]
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Elon Musk’s brother slams Trump tariffs, calls them ‘permanent tax on the American consumer’
Kimbal Musk, co-founder of The Kitchen Community, speaks during the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 3, 2016. Patrick T. Fallon | Bloomberg | Getty Images Elon Musk’s younger brother, Kimbal, took to X on Monday to lambaste President Donald Trump’s tariffs, calling them a “structural, permanent tax […]
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With market rout, now is the time to rebalance portfolios and buy stocks, says Wells Fargo
Long-term investors may be fleeing stocks for high-quality bonds, but they should be mindful of their portfolio allocations, said Brian Rehling, head of global fixed income strategy at Wells Fargo Investment Institute. Stocks tumbled again on Monday, continuing the rout that began after President Donald Trump signed his tariff policy last week. Treasury yields moved […]
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