Trump: I have 'no intention' to fire Powell
President Trump said Tuesday he had no intention of firing Federal Reserve Chairman Jerome Powell after escalating criticism of the independent agency’s decision not to lower interest rates. “The press is running away with things. No, I’m not going to fire him. I hope he’s a little more aggressive in terms of his idea of […]
Stocks close with gains as White House signals trade progress with China
The US stock market was shut down with solid profits as traders thought that President Trump’s trade war with China could cool off. The market rose in the morning, but actually gained momentum Tuesday afternoon after several media outlets revealed comments from Treasury Secretary Scott Bescent. “I don’t think the current situation is sustainable,” Bessent […]
Trump says bonuses for moms after they have child ‘sounds like a good idea’
President Trump on Tuesday supported reporters for a proposal to give moms a bonus when they have children amid reports that the White House is exploring ways to boost the country’s fertility rate. Trump was forced into the media Tuesday afternoon about whether he was considering a mom’s bonus whenever he has children. “It sounds […]
Musk says time spent on DOGE will drop next month as Tesla sales plunge
Tesla CEO Elon Musk said Tuesday that he plans to reduce the hours of working at the White House Department of Government Efficiency (DOGE) initiative to focus more on electric car manufacturers whose sales plummeted in the first quarter. “I’ll probably start [the] Musk said on a Tesla revenue call on Tuesday evening. “I think […]
Tesla earnings plunge 71 percent in first quarter
Tesla’s quarterly profit fell 71%, the company announced Monday, marking the latest indication of bad news for Elon Musk electric car makers as scrutiny continues with tech billionaires. The electric vehicle company reported a 9% decline in revenue for the first three months of the year. The company said its profits fell by $409 million […]
White House: Trump 'setting the stage for a deal with China'
The White House said Tuesday it is “setting the stage for trade with China” on trade as administration officials try to reassure nervous financial markets and investors that progress with Beijing could be imminent. White House press chief Caroline Leavitt spoke to reporters about the conversation between President Trump and China on trade, telling the […]
White House: Trump has the 'right' to criticize Powell, call for lower rates
The White House on Tuesday defended President Trump’s ongoing attack on Federal Reserve Chairman Jerome Powell, promoting recent investors’ concerns. Trump on Monday called Powell a “major loser,” suggesting that the Fed’s previous interest rate cuts were aimed at supporting former President Biden. After Trump’s comments, stock market diving accelerated, with Dow Jones Industrial Arage […]
Tesla settles wrongful death case involving one of its EVs
Tesla has resolved the real estate and illegal death cases of a man who died in a collision, including one of the company’s electric vehicles (EVs). Elon Musk’s EV Company has reached an agreement between Clyde Leach and his wife Donna Leach and his wife Donna Leach, according to a court filed Monday. The submission […]
Trump tariffs will throttle US, global economies: IMF
The century-high tariff levels imposed by President Trump are expected to bite against global economic growth this year, International Monetary Fund economists said Tuesday. The IMF has reduced its forecast for global gross domestic product (GDP) growth for 2025 from its January forecast of 3.3%. The US growth forecast marked growth of 1.8% from 2.7%, […]
Live updates: Hegseth defends Signal use on 'Fox and Friends'; IMF slashes US growth forecast
Defense Secretary Pete Hegses defended himself after visiting “Fox and Friends” Tuesday morning to reveal that the report shared information in a second signal group chat with his family and his personal lawyer. The defense chief returned to the spotlight following a report from the New York Times on Sunday that he shared the attack […]