Trump faces crypto world backlash after launch of meme coin
President Trump is facing backlash for launching two cryptocurrency tokens with first lady Melania Trump just days before the inauguration. The move drew predictable criticism from political opponents, but there was also a mixed reaction within the crypto industry, with most welcoming his return to power and new support for the industry. The digital currency […]
SEC launches 'crypto task force'
Securities and Exchange Commission (SEC) Starting up “Cryptocurrency Special Committee” The SEC explained in a press release on Tuesday that the task force is “dedicated to developing a comprehensive and clear regulatory framework for cryptoassets.” The agency also said the SEC will work with the special committee to “set the SEC on a prudent regulatory […]
Trump trade battles could spike food prices, help China: former Mexico trade chief
A trade war threatened by President Trump would raise food prices, help China and jeopardize key U.S. economic ties, Mexico's former trade secretary said Monday. Kenneth Smith Ramos said in the thread, “I say let's do it.” on social platform in response to footage of Trump discussing tariffs in the Oval Office. “A 25% #tariff […]
Jon Stewart on tech moguls at Trump inauguration: 'Are we just open-source Illuminati now?'
Comedian Jon Stewart on Monday criticized the appearance of tech industry titans at President Trump's inauguration. “Yes, instead of a seat normally reserved for a Democratic or Republican governor, we're going to give Zack, Bezos, Tim Cook, Elon, Tic Tac guy, Google guy, maybe 20 percent of the world's wealth and your fortune. There were […]
NJ governor asks Trump to examine Manhattan congestion pricing
New Jersey Gov. Phil Murphy (D) on Monday asked President Trump to consider congestion pricing in Manhattan. “As you begin your second term as president, I welcome every opportunity to work with you and your government and find common ground. One area we believe in is congestion pricing.” The letter from Murphy says:. Democrats told […]
Senate committee advances nomination for Trump Treasury pick
The Senate Finance Committee voted 16-11 Tuesday morning to move up the nomination of Scott Bessent, President Trump's nominee for Treasury Secretary. Sens. Mark Warner (D-Va.) and Maggie Hassan (D-H.) went against party lines and joined Republicans in supporting the nomination. But the vote did not take place without some last-minute opposition from Democrats. Senate […]
Trump pumps brakes on Day 1 tariffs
President Trump put the brakes on plans to impose widespread tariffs soon after taking office, delaying and toning down efforts to change the U.S. trade system that had been a centerpiece of his campaign. President Trump began his second term with a memo directing federal agencies to investigate U.S. trade relationships with China, Canada, and […]
Trump threatens 25 percent tariffs on Mexico and Canada starting Feb. 1
President Trump announced Monday that his administration will impose a 25% tariff on imports from Mexico and Canada starting February 1. “We're thinking in terms of 25% for Mexico and Canada, because they're allowing huge numbers of people into the country and fentanyl into the country,” Trump said in the executive order. When signing the […]
Majority favors Trump proposal to end taxes on tips: Survey
A majority of Americans support President-elect Trump's proposal to eliminate the tax on tips, according to a new poll. in votes from According to the Associated Press-NORC Center for Public Affairs Research, 54% of respondents said they “strongly” or “somewhat” support eliminating taxes on tipping profits. 23% said they neither supported nor opposed eliminating taxes […]
Teamsters authorize Costco strike ahead of Jan. 31 contract lapse
Teamsters working at retail giant Costco voted for: approve the strike Ahead of the contract's expiration on January 31, the labor group said in a statement: The contract covers more than 18,000 Costco employees, and the Teamsters voted by an 85% margin in favor of a strike, the union said. “Costco recently reported annual sales […]