Donald J. Trump
Bank stocks set to do ‘pretty well’ under Trump 2.0, investor says, naming his favorites
Investment bank stocks are set to benefit from the Trump presidency, according to investor Kingsley Jones, who said it was time for financials to “step up.” Speaking to CNBC’s Martin Soong, the Australian investor struck a bullish tone on the outlook for stocks as U.S. President Donald Trump’s second term gets underway. “Wall Street, in […]
Read More
Musk says DOGE is ‘what democracy is all about’ during Oval Office visit
Elon Musk on Tuesday defended his “Department of Government Efficiency” against critics, saying the unaccountable cost-slashing task force represents the will of American voters who elected President Donald Trump. “That’s what democracy is all about,” said Musk, who contributed more than $250 million to getting Trump elected. Musk, with one of his young sons in tow, stood alongside Trump in the […]
Read More
Ken Griffin says Trump’s ‘bombastic’ trade rhetoric is a mistake that’s eroding trust in the U.S.
Ken Griffin, founder and CEO of Citadel, speaks during The New York Times’ annual DealBook Summit in New York City, Dec. 4, 2024. Michael M. Santiago | Getty Images Citadel CEO Ken Griffin sent a stern warning against the negative impact from President Donald Trump’s combative approach to U.S. trade policy. “From my vantage point, the […]
Read More
Trump hosts Jordan’s King Abdullah II, renews insistence that the U.S. can control and redevelop Gaza
President Donald Trump hosted Jordan’s King Abdullah II at the White House on Tuesday and renewed his insistence that Gaza could be emptied of all residents, controlled by the U.S. and redeveloped as a tourist area — a plan that could likely only work if the Arab nation agrees to accept more refugees. Trump and […]
Read More
Trump FBI pick Kash Patel accused of directing staff purge while still a nominee
Kash Patel, U.S. President Donald Trump’s nominee to be director of the FBI, looks on as he testifies before a Senate Judiciary Committee confirmation hearing on Capitol Hill in Washington, U.S., January 30, 2025. Evelyn Hockstein | Reuters President Donald Trump’s nominee to lead the FBI, Kash Patel, was accused Tuesday of personally directing an […]
Read More
Ford CEO says Trump’s tariffs are causing ‘chaos’ in auto industry
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT — President Donald Trump’s tariffs, both implemented and just threatened, are causing “chaos” for the U.S. automotive industry, according to Ford Motor CEO Jim Farley. The chief executive of […]
Read More
Former Trump aide Steve Bannon pleads guilty in New York ‘build the wall’ case
Steve Bannon, former advisor to U.S. President Donald Trump, arrives for a hearing at Manhattan Criminal Court on February 11, 2025 in New York City. Michael M. Santiago | Getty Images Steve Bannon, a former top White House aide to President Donald Trump, pleaded guilty Tuesday in New York in connection with the defrauding of […]
Read More
Fed Chair Powell says central bank doesn’t ‘need to be in a hurry’ to lower interest rates further
Key Points Fed Chair Jerome Powell reiterated the central bank’s commitment to bringing inflation down and signaled that policymakers aren’t in a rush to get interest rates lower. Powell’s comments came in the first of two appearances this week on Capitol Hill. Source
Read More
Trump’s steel tariffs could trigger broader trade war as EU threatens ‘proportionate countermeasures’
Ursula von der Leyen (CDU, r), President of the European Commission, stands in the plenary chamber of the European Parliament. Philipp von Ditfurth | Picture Alliance | Getty Images The European Union plans to retaliate against the United States for new steel and aluminum tariffs, adding another element to rising global trade tensions. “Unjustified tariffs […]
Read More
Stock futures inch lower as investors look ahead to key inflation readings due this week: Live updates
Traders work on the floor at the New York Stock Exchange on Feb. 10, 2025. Spencer Platt | Getty Images U.S. stock futures traded lower early Tuesday as investors looked toward key inflation reports due later in the week. Dow Jones Industrial Average futures slipped 69 points, or around 0.15%. Futures tied to the S&P […]
Read More