Economy

Trump Announces High-Profile Appointments to IRS, SBA, and Social Security Administration

President-elect Donald Trump announced a slate of key nominations Wednesday for his upcoming administration, selecting experienced leaders to helm pivotal federal agencies.

Tech Rally and Powell’s Optimism Drive U.S. Stock Indexes to Record Highs

All three major U.S. stock indexes closed at record highs on Wednesday, fueled by a strong rally in technology shares and encouraging comments from Federal Reserve Chair Jerome Powell. Salesforce’s positive earnings report and upbeat market sentiment contributed to the surge, while Powell’s remarks on the economy provided an additional boost.

Trump Nominates Paul Atkins to Lead SEC

President-elect Donald Trump announced Wednesday the nomination of Paul Atkins, a former Securities and Exchange Commission (SEC) commissioner, to head the agency

Trump Vows to Block $14.9 Billion U.S. Steel Buyout, Promises Tariffs to Revive Industry

President-elect Donald Trump has reaffirmed his opposition to the proposed $14.9 billion acquisition of U.S. Steel by Japanese company Nippon Steel. Trump pledged to block the deal, continuing the stance taken by the Biden administration earlier this year. He proposed stronger tariffs and tax incentives to reinvigorate the iconic steel company and prevent it from relocating its operations out of Pittsburgh.

China Bans Key Mineral Exports to U.S. in Retaliation for Trade Restrictions

China announced Tuesday a ban on exporting certain minerals and metals to the U.S., escalating the ongoing trade and tech war. The targeted materials—germanium, gallium, antimony, and superhard substances—are vital for manufacturing semiconductors, batteries, and military hardware.

Biden Administration Expands Export Controls on Advanced Semiconductor Technology to China

The Biden administration announced new restrictions Monday targeting the export of advanced semiconductor chips and manufacturing equipment to China. The measures, introduced by the Commerce Department's Bureau of Industry and Security, aim to limit Beijing's ability to develop advanced technologies, including artificial intelligence and military applications.

Poilievre Criticizes Trudeau’s ‘Position of Weakness’ During Mar-a-Lago Visit with Trump

Canadian Conservative Party Leader Pierre Poilievre expressed disappointment over Prime Minister Justin Trudeau’s recent meeting with President-elect Donald Trump at Mar-a-Lago. Poilievre described Trudeau’s approach as “weak” and criticized his inability to secure any tangible benefits for Canada during the high-stakes discussion.

Newsom Proposes $25 Million Fund to ‘Trump-Proof’ California

California Governor Gavin Newsom (D) proposed a "Trump-proof" legal fund of $25 million to fight against the incoming presidential administration.

Trump Threatens Tariffs on BRICS Countries

President-elect Donald Trump threatened to impose 100% tariffs on any BRICS nation that moves away from the U.S. dollar.

Small Businesses Highlight Community Impact as Holiday Season Kicks Off

A recent report by the National Association of Independent Business (NFIB) highlights the contributions small businesses make to their communities, as the holiday shopping...

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