Trump Administration

The Trump administration is reportedly lowering its aspirations for comprehensive reciprocal deals. Instead, it is favoring narrower agreements to avoid the reimposition of U.S. tariffs. What Happened:  The US is now seeking phased deals with key countries, with the aim of reaching agreements by...

President Donald Trump is reportedly pushing for a $150 billion spending cut to fund his immigration enforcement agenda over the next four years, a move that could significantly reshape the U.S. immigration system. What Happened: The proposed budget would be allocated over the...

U.S. Senator Elizabeth Warren (D-Mass) has reportedly confronted Secretary of State Marco Rubio about a proposal to redirect $500 million from USAID to the disputed Gaza Humanitarian Foundation (GHF). What Happened: Warren, in a letter to Rubio and USAID’s acting...

Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg‘s apparent alignment with the MAGA movement has left many of his colleagues feeling “grieving,” and Elon Musk‘s popularity was reportedly a major motivating factor behind this. What Happened: Zuckerberg’s growing...

Health insurance companies have raised concerns that tariffs could lead to higher premiums for enrollees in the individual and small group markets next year. What Happened: Health insurers are informing states about the potential rise in premiums for individual and small group market enrollees in...

In a recent survey, a majority of CEOs have expressed confidence in the U.S. economy, with a notable decrease in the number of business leaders anticipating a recession this year. What Happened: A survey conducted on 277 CEOs by Chief Executive in June revealed that 28% of the 277 CEOs polled...

The U.S. State Department will use artificial intelligence to help select staff for annual promotion review panels, expanding AI deployment across federal agencies under the Trump administration. What Happened: The State Department will employ StateChat, an in-house AI chatbot powered by Palantir...

California Governor Gavin Newsom (D) has announced that the state will file a lawsuit against the Trump administration over the deployment of the National Guard to quell protests in Los Angeles. What Happened: Newsom revealed the lawsuit during an interview with MSNBC on Sunday. The legal...

On Wednesday, Cathie Wood’s Ark Invest made a significant move by selling a substantial number of shares in Palantir Technologies Inc. (NYSE:PLTR). This decision comes amidst a brewing controversy surrounding the company’s alleged involvement in a surveillance program. The Palantir...

The Trump administration is reportedly planning to relax regulations that require companies to disclose executive perks such as private jet use and bodyguard services. What Happened: The Securities and Exchange Commission (SEC) is organizing a roundtable discussion later this month to...

The U.S. Department of Education has put a halt to its plans of reducing Social Security benefits for individuals who have been unable to pay their student loans, as per a department spokesperson. What Happened: The U.S. Department of Education has put a hold on its plan to...

On Monday, Cathie Wood-led Ark Invest made significant trades, notably offloading shares of Tesla Inc. (NASDAQ:TSLA) and Palantir Technologies Inc. (NASDAQ:PLTR). The Tesla Trade: Ark Invest sold 1,594 shares of the Elon Musk-led company. For the day, Tesla shares closed at $342.69, making the...

The Trump administration is reportedly contemplating a stopgap measure to impose tariffs on a significant portion of the global economy for 150 days under an existing law. This move is being considered in response to a recent court ruling that invalidated a substantial part of President Donald...

Wedbush Securities analyst Dan Ives celebrated Elon Musk‘s departure from his Trump administration role, describing the move as positive for shareholders seeking renewed leadership focus on electric vehicle operations and autonomous driving technology. What Happened: Ives posted on X that...

The White House has reportedly chosen to withdraw $400 million in funding that was set aside for states to upgrade their unemployment insurance systems. What Happened: Congress originally designated these funds as part of the $1.9 trillion coronavirus relief package passed in 2021. The goal was to...