Trump says he will impose new tariffs on Canada, Mexico and China on first day
President-elect Trump announced Monday that he will impose new tariffs on products from Canada, Mexico and China through an executive order on the first day of his new term next year. in series of posts At Truth Social, the president-elect said he would impose a 25% tariff on all Canadian and Mexican products and an […]
Judge schedules trial in Meta antitrust case
The Federal Trade Commission's (FTC) antitrust lawsuit against Facebook and Instagram's parent company Meta will go to trial on April 14th. U.S. District Judge James Boasberg has scheduled a bench trial, meaning the case will not go to a jury and a judge will decide the outcome of the case. The case has been poised […]
Warren warns Trump Treasury pick not to interfere with Federal Reserve
Sen. Elizabeth Warren (D-Mass.) urged billionaire investor Scott Bessent, President-elect Trump's nominee for Treasury secretary, not to interfere with the Federal Reserve. “While I have been a vocal critic of Fed Chairman Jerome Powell's extreme rate hikes and lack of transparency, I have never questioned that it is his job to make those decisions,” Warren […]
Chris Wallace, CNN part ways with final show highlighting memorable moments
Veteran news anchor Chris Wallace and CNN officially parted ways on Saturday, and his final show featured a montage of highlights from his short time at the station. The reel features Wallace enthusiastically showing off his Swifty bracelet, named after pop star Taylor Swift, tech journalist Carla Swisher wearing a VR headset, and Snoopy from […]
Trump taps Scott Bessent for high-stakes Treasury chief: What to know
President-elect Trump on Friday selected Scott Bessent, the billionaire investor who continues to push for higher tariffs and a major shift in global trade activity, to be his Treasury secretary. Mr. Bessent made a profit as the founder of the hedge fund Key Square Group, which helped finance Mr. Trump's second campaign after decades of […]
Hyundai, Kia recall over 200K electric cars over power issues
Hyundai Motor Co. and Kia Motors Corp. announced this week that they are recalling more than 200,000 electric vehicles due to a loss of drive power, which increases the risk of crashes, according to the National Highway Traffic Safety Administration (NHTSA). Hyundai's recall includes more than 145,000 vehicles, including select IONIQ 5 and IONIQ 6 […]
Bitcoin is surging. Could it take over?
Bitcoin prices have soared on expectations that President-elect Trump's second term will lead to a more relaxed regulatory environment and even strategic Bitcoin reserves. President Trump has promised to make America the “crypto capital of the planet,” and Bitcoin's value has soared more than 40 percent since his presidential election victory, on track to surpass […]
Musk, Ramaswamy ‘DOGE’ confidence in Supreme Court may be tested
Elon Musk and Vivek Ramaswamy are relying on a conservative Supreme Court to support their ambitious plans to reduce federal regulation and increase government efficiency. Musk and Ramaswamy, who were nominated by President-elect Trump, will chair the Department of Government Efficiency (DOGE), a new non-governmental commission aimed at dismantling government bureaucracy and cutting costs. “With […]
Trump expected to name investor Scott Bessent as Treasury secretary pick
President-elect Trump is expected to tap hedge fund manager Scott Bessent as Treasury secretary in his new administration, sources confirm to NewsNation. Bessent, the founder and CEO of the hedge fund Key Square Group, served as an economic advisor to the Trump campaign and often appears on economic talk shows to advocate for the president-elect's […]
Gallagher not interested in serving as SEC chair in second Trump administration
Dan Gallagher, chief legal officer of financial services company Robinhood, said Friday that he has no interest in serving as chairman of the Securities and Exchange Commission (SEC) in President-elect Donald Trump's second administration. “It is always an honor to have my name mentioned in such a vital position as SEC Chairman,” Gallagher said in […]