Posts by Amelia Frost
Trump’s New Crackdown on China Is Just Beginning
President Trump’s tough talk on China typically centers on tariffs. But a closer look at the decisions he has made since taking office shows that the president is considering a far wider set of economic restrictions on Beijing, ones that could hasten America’s split from a critical trading partner. The Trump administration has so far…
Read MoreMcDonald’s Rejects Egg Surcharges, Celebrates 50th Anniversary Of Egg McMuffin With Special Discounts
As egg prices continue to rise across the United States due to a widespread shortage, McDonald’s is taking a stand against surcharges on egg-based meals. The fast-food giant has announced it will not impose extra costs for meals containing eggs, maintaining its position as a value-oriented breakfast provider. In celebration of the 50th anniversary of…
Read MoreTrump-Backed Byron Donalds Announces Florida Governor Bid, Setting Up Clash With DeSantis
Congressman Byron Donalds officially announced his bid for Florida governor on Tuesday, a week after receiving a strong endorsement from President Donald Trump. His candidacy could set the stage for a potential showdown between Trump and the current Florida governor, Ron DeSantis, who was promoting his wife, Casey, as a candidate, Bloomberg reported. Byron Donalds…
Read MoreBitcoin ETFs See Nearly $1 Billion In Outflows As Crypto Market Plunges
KEY POINTS Tuesday also marked the sixth consecutive red day for $BTC ETFs In some instances over the past year, inflows surged days after massive outflows Some crypto users believe the outflows only highlight how “weak hands” move when the market is down Spot Bitcoin exchange-traded funds (ETFs) saw nearly $1 billion in outflows Tuesday,…
Read MoreTrump Announces $5M Gold Card – How To Buy US Citizenship Through The New Immigration Scheme
KEY POINTS Trump said the Gold Card will feature Green Card privileges with a direct pathway to US citizenship Commerce Secretary Howard Lutnick said applicants will go through standard background checks Trump reiterated that applicants should be able to prove they can ‘create jobs’ for the US public There is growing pushback on the scheme…
Read MoreSEC Drops Investigations Into Robinhood Crypto, Uniswap, Driving $UNI Price Up
KEY POINTS Robinhood lauded the SEC staff’s decision to close the probe on RHC Robinhood CEO Vlad Tenev said he still believes regulation is ‘good’ for the space Uniswap reiterated it was open to discussions with regulators on how to policy development Uniswap’s Hayden Adams thanked the new SEC leadership for ‘taking a more constructive…
Read MoreDramatic House Vote Delivers Narrow Victory For Trump Budget Agenda
Latin Times The House of Representatives voted to adopt the Republicans’ sweeping budget proposal on Tuesday night, advancing President Donald Trump‘s agenda of massive spending cuts. House Speaker Mike Johnson managed to persuade partisan holdouts to get behind the controversial budget proposal, which includes massive cuts to Medicaid and other social programs. “We got it…
Read MoreDockworkers Vote to Accept New Labor Contract
Dockworkers on the East and Gulf Coasts voted in favor of a new contract on Tuesday, ending labor turbulence at ports that handle a large share of U.S. trade with the rest of the world. The dockworkers’ union, the International Longshoremen’s Association, said nearly 99 percent of its members had supported the contract, which raises…
Read MoreTesla Stock Falls 8% as Concerns About Elon Musk’s Political Role Grow
Shares of Tesla had been on a tear since Donald J. Trump won the presidential election. Investors were betting that the carmaker would benefit from the more than $250 million that its chief executive, Elon Musk, spent to support the Trump campaign. But an 8 percent decline in Tesla’s stock on Tuesday all but wiped…
Read MoreApple Plans to Invest $500 Billion in U.S. as Trump Tariffs Loom
Days after Apple’s chief executive met with President Trump, the company said on Monday that it planned to spend $500 billion and hire 20,000 people in the United States over the next four years and open a factory in Texas to make the machines that power the company’s push into artificial intelligence. “We are bullish…
Read MoreWho Are the Probationary Federal Workers Being Cut Under Trump?
In news about the Trump administration’s job-slashing effort, one class of federal workers comes up repeatedly: “probationary” employees. At the Internal Revenue Service, 6,700 people with that status are being let go. At the Department of Health and Human Services, reports indicated the total could be 5,200. The Pentagon announced last week that it would…
Read MoreWhite House Moves to Pick the Pool Reporters Who Cover Trump
The Trump administration said on Tuesday that it would start handpicking which media outlets were allowed to participate in the presidential press pool, the small, rotating group of reporters who relay the president’s day-to-day activities to the public. The change breaks decades of precedent. It allows the White House to assert more control over which…
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