President Donald Trump said Tuesday (March 11) that the tariffs his administration is imposing will pay off in investments in American factories and jobs. In an address to the quarterly meeting of the Business Roundtable, which was broadcast by CNBC, Trump said that while the...
The Department of Government Efficiency (DOGE) reportedly won a court battle Friday but is still blocked from accessing the Treasury payment system by an earlier ruling in another court. On Friday (March 7), a federal judge in Washington, D.C., rejected a request to block DOGE...
President Trump will reportedly meet with top U.S. tech companies facing tariff-related pressure. The CEOs of IBM, Intel, Qualcomm and HP will gather at the White House on Monday (March 10), Bloomberg News reported Thursday (March 6), citing sources familiar with the matter and a...
Mexico’s president, Claudia Sheinbaum, reportedly hopes to deescalate a trade war by delaying a response to U.S. tariffs until she talks with President Donald Trump Thursday (March 6). Sheinbaum said Tuesday (March 4) that Mexico will announce the details of its plans for retaliatory tariffs...
The Securities and Exchange Commission (SEC) is reportedly participating in the Trump administration’s effort to reduce the size of the federal government by offering eligible Commission employees a $50,000 incentive to resign or retire. The voluntary separation incentive or voluntary early retirement program is being offered to...
If you’re tracking the mania in Washington, D.C., from a financial services perspective these days, you might notice that it’s starting to resemble a weather forecast. Last week was partly manic, with a Consumer Financial Protection Bureau (CFPB) nominee pledging before Congress to uphold the...
Investing giant Warren Buffett has warned that President Trump’s tariffs could hurt consumers. “Tariffs are actually, we’ve had a lot of experience with them. They’re an act of war, to some degree,” Buffett, whose Berkshire Hathaway invests in a number of industries bound to be...
The U.S. will impose new tariffs on Canada, Mexico and China, President Donald Trump announced Thursday (Feb. 27). Trump wrote in a post on Truth Social that the tariffs aim to deter the importation of drugs from Canada and Mexico and the manufacturing and supply...
President Donald Trump reportedly said Wednesday (Feb. 26) that the U.S. has decided to impose tariffs on the European Union (EU) and will announce the details soon. “It’ll be 25% generally speaking, and that will be on cars and all other things,” Trump said during the...
