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Trump's Tariff Pause Stirs Markets, Goldman Sachs Reverses Recession Call, And More: This Week In Economy
Sunday, April 13, 2025 - 6:00am | 625The past week was a rollercoaster ride for the financial markets, with President Donald Trump’s trade decisions taking center stage. Wall Street saw a significant bounce back from session lows following Trump’s optimistic remarks about a potential China deal. The President’s...
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Howard Lutnick Defends Trump Tariffs Saying 'Everybody Needs Our Economy' — Especially China
Friday, April 11, 2025 - 3:22am | 556Commerce Secretary Howard Lutnick offered a forceful defense of the Donald Trump administration's tariff policies, emphasizing the United States' role as a key consumer of global goods. What Happened: "We are the world's customer. The customer is always right," Lutnick said during a recent...
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'We Want Fairness': White House Trade Adviser Navarro Says Trump Administration Is Focused On 'Non-Tariff Cheating'
Monday, April 7, 2025 - 11:13am | 523The Trump administration is holding firm in its stance on tariffs as broader markets continue to spiral lower into bear market territory. What Happened: On Monday on CNBC’s “Squawk Box,” White House trade adviser Peter Navarro suggested that tariffed countries will need to bring...
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Bill Ackman Slams Commerce Secretary Howard Lutnick For Ignoring Stock Market Crash: 'He And Cantor Are Long Bonds'
Monday, April 7, 2025 - 6:26am | 790Billionaire Investor Bill Ackman has criticized Commerce Secretary Howard Lutnick of having a conflict of interest and being “indifferent” toward the stock market selloff induced by the introduction of tariffs because of the latter’s fund, Cantor Fitzgerald LP’s exposure to...
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Howard Lutnick Says Army Of Millions Will Build iPhones In The US, But Could Trump's Tariffs Make The Premium Apple Flagship Cost $2,300?
Monday, April 7, 2025 - 12:01am | 882On Saturday, Commerce Secretary Howard Lutnick said that Apple Inc.'s (NASDAQ:AAPL) iPhones could soon be made in the U.S. as part of President Donald Trump's push to bring manufacturing back to American soil. What Happened: In an appearance on CBS's Face the Nation, Lutnick said that Trump's...
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Trump's Tariffs Stir Global Markets, Wall Street Loses $2 Trillion, And More: This Week In Economics
Sunday, April 6, 2025 - 6:00am | 534The past week was a rollercoaster ride for global markets, largely due to President Donald Trump’s new trade tariffs. The tariffs, aimed at reducing America’s $1.2 trillion annual trade deficit, have sparked a flurry of reactions from economists, investors, and market observers. Here...
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Black Swan Author Nassim Taleb Calls Out Howard Lutnick's Tariff Logic: 'Most Ignorant Statement'
Friday, April 4, 2025 - 5:13am | 577The tariffs unveiled by U.S. President Donald Trump on Wednesday are resulting in heated battles on social media, between those in favor and those against them. Nassim Taleb, a renowned mathematician and statistician, and author of books The Black Swan, Antifragile, and Skin In The Game, got into...
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Commerce Secretary Lutnick Says US Markets Will Perform 'Extremely Well' Long Term Despite Trump Tariff Selloff
Thursday, April 3, 2025 - 11:50am | 460Commerce Secretary Howard Lutnick believes the Trump Administration’s reciprocal tariffs will cause some short-term pain, but ultimately result in medium- and longer-term gain. What To Know: President Donald Trump announced sweeping reciprocal tariffs on numerous countries across the world...
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US Adds 50 Chinese Entities To Export Restriction List Curtailing Access To Nvidia, AMD Chips
Wednesday, March 26, 2025 - 10:17am | 599The Trump Administration announced on Tuesday that it has added more than 50 Chinese organizations to an export restriction list in an effort to hamper the development of China’s advanced AI, semiconductors and supercomputing capabilities. The Details: The U.S. Bureau of Industry...
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Mark Cuban Suggests 'Taxing Robots By The Hour,' Urges US To Invest In AI And Robotics
Wednesday, March 26, 2025 - 8:30am | 621Billionaire investor Mark Cuban, in a recent podcast episode, underscored the need for the U.S. to invest in AI and robotics to revitalize its manufacturing sector. What Happened: The billionaire investor appeared on the Lincoln Project podcast, hosted by Rick Wilson, where he discussed...
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US Commerce Secretary Howard Lutnick Sounds Alarm On AI Threats, Says We 'Can't Let It Get Overrun By Chinese,' Calls For Industry-Led Security Audits Of Companies Like DeepSeek
Tuesday, March 25, 2025 - 6:42am | 943In a stark warning on AI policy and national security, Commerce Secretary Howard Lutnick urged tighter controls on open-source AI models and called for American industry leaders to take the lead in securing the future of artificial intelligence. What Happened: During a conversation on the All-In...
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How White House's April 2 Tariffs Might Jolt Bitcoin Traders
Monday, March 24, 2025 - 11:24am | 455The White House is set to move forward with targeted trade tariffs on April 2, focusing on a select group of major U.S. trading partners rather than sweeping industry-wide duties. What Happened: Initially, President Donald Trump's directive included broad levies on sectors like automotive,...
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Billionaire Investor Mark Cuban Questions Fate Of Amazon Amid Trump's Reciprocal Tariffs: 'It's About How You Use Them'
Monday, March 24, 2025 - 3:48am | 802Mark Cuban, the billionaire investor, has raised concerns about the potential impact of new U.S. trade policies on Amazon Inc.’s (NASDAQ:AMZN) global supply chain. What Happened: In a post on X, Cuban referred to a post by Ryan Petersen about the potential effects of reciprocal...
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Elon Musk's Tariff Concerns For Tesla And Space, Trade Tensions, And Government Shutdown Threats: This Week In Politics
Sunday, March 16, 2025 - 5:00am | 511As the week drew to a close, the business world was buzzing with a series of impactful stories. From Elon Musk’s concerns over tariffs to escalating trade tensions and the looming threat of a government shutdown, there was no shortage of headlines to keep investors on their toes. Tesla,...
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Canada's Retaliatory Tariffs Against US Draw Commerce Secretary Howard Lutnick's Ire Who Thinks They Are 'Tone Deaf:' 'The British Didn't Respond, The Mexicans Didn't Respond…'
Friday, March 14, 2025 - 10:42pm | 555In a significant escalation of trade tensions, Canada has introduced retaliatory tariffs against the U.S., prompting criticism from Commerce Secretary Howard Lutnick. The move follows the Trump administration’s recent trade measures targeting Canadian exports. What Happened:...