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Latest news in United States.
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Breaking News
Trump to Impose 10% Global Tariff After SCOTUS Ruling
President Donald Trump said he would impose a 10% global tariff, over and above tariffs already being charged, under Section 122 and declared all national security tariffs under Section 232 and existing Section 301 tariffs to be in full force and effect. Trump spoke Friday at a White House press conference after the US Supreme Court struck down the Trump administration's global tariffs.
AI Diplomacy on Display During India AI Summit
Michelle Giuda, CEO of the Krach Institute for Tech Diplomacy at Purdue, says tariffs are not the only way for the US to lead the globe in tech developments. She points to deals announced during the India AI Summit as an example of global tech leadership by US firms. Giuda joins Ed Ludlow on "Bloomberg Tech."
Trump Says Alternatives Will Be Used to Replace Rejected Tariffs
President Donald Trump says other alternatives "will now be used to replace the ones that the court incorrectly rejected" during a news conference following the Supreme Court's decision to strike down the Trump administration's tariffs.
Insights
What’s behind the panic-buying of gold?
In times of uncertainty, we often look for something solid to hold onto. Lately, it seems the world’s investors have decided that “something solid” is, quite literally, gold.
The metal’s soaring price is more than just a market trend; it's a global barometer of anxiety.
When faith in currencies, governments, and traditional financial systems begins to waver, we see a familiar flight to the perceived safety of this timeless asset.
Surprise! Lithium gets a recharge
Well, pull out the party hats and dust off the stock tickers.
Lithium, the commodity that investors and analysts had all but left for dead in the great market purge of 2023-2024, is back.
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Billionaire bears take a swipe at Tesla
The stock market has long treated Tesla (NASDAQ:TSLA) less as a traditional automaker and more as a futuristic technology cult, with its valuation soaring on the gravitational pull of its CEO, Elon Musk.
This persistent "Musk Premium" has burned countless short-sellers.
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Can Bitcoin bring down the global financial system?
Bitcoin has vaporised more than US$800 billion in its latest crash and sucked US$1 trillion out of the broader crypto market.
With nearly US$2 trillion in market value and rising allocations from Wall Street firms, ETFs, pension funds, and insurers, Bitcoin is increasingly woven into traditional finance.
Economy
Economy
SCOTUS dismantles Trump’s emergency tariffs in major rebuke
The U.S. Supreme Court delivered a historic blow to President Donald Trump’s economic agenda Friday, ruling 6-3 that the administration overstepped its constitutional authority by using a national emergency statute to impose sweeping global tariffs.
Economy
US jobs beat lands, but the real shock is underneath
The January US jobs report surprised to the upside, adding 130,000 roles as unemployment dipped to 4.3% and wages stayed contained.
Washington dodges shutdown, but the clock is already ticking again
Washington has pulled itself back from the brink, passing a $1.2 trillion stop-gap deal that reopened most of the US government after days of disruption.
Trump tells Davos audience US economy is booming
Trump used his Davos speech to tout US economic dominance, promote crypto, and revive his push for Greenland.
