Author: potus
The Trump administration announced on Thursday that it would suspend recently imposed tariffs on Mexico and Canada for about a month. The tariffs were intended to thwart the flow of fentanyl into the United States and dampen life-threatening overdoses tied to the drug.The news has thrust fentanyl, a drug that’s been at the forefront of the opioid epidemic, into the spotlight and resurfaced questions about its dangers.More than 107,000 people died from drug overdoses in 2023, and nearly 70 percent of those deaths were caused by fentanyl and other opioids, according to the Drug Enforcement Administration.Provisional C.D.C. data through September…
Gaza City – For many in Gaza, US President Donald Trump’s recent threats feel like nothing more than a justification for further violence and collective punishment against them. Late on Wednesday, Trump had threatened the people of Gaza, saying they would all be “dead” if captives continued to be held there. As Gaza continues to grapple with the devastating aftermath of war – mass displacement, widespread destruction, and dire humanitarian conditions – people are exhausted and sceptical about international efforts to resolve the war. Al Jazeera spoke to Palestinians in northern Gaza about Trump’s threats. ‘Nothing left to grieve’ Yasser…
Hock Tan, CEO of Broadcom.Martin H. Simon | Bloomberg | Getty ImagesBroadcom shares rose about 3% after the company posted strong first-quarter earnings and guidance that signaled ongoing artificial intelligence demand.The chipmaker posted adjusted earnings of $1.60 per share on $14.92 billion in revenue. That surpassed the adjusted earnings of $1.49 per share and $14.61 billion in revenue expected by analysts polled by LSEG. Revenues rose 25% from $11.96 billion a year ago.Bank of America analyst Vivek Arya called the results from Broadcom a “reassuring update from an AI leader” and a “positive read-across for AI sentiment.”Broadcom has benefitted from…
President Trump has never had much love for the NATO alliance, which he thinks is overdependent on American largess, and in his first term, talked about abandoning the collective defense pact.In his second term, Mr. Trump and his senior officials have made it clear that the security of Europe is no longer the first priority of the United States, which wants to concentrate resources on its own border and the Indo-Pacific, where China has become a peer rival.On Thursday, Mr. Trump suggested that the United States might not protect NATO members that he believed were not paying enough for their…
It was the summer of 2007. Deep inside Canada’s finance ministry, high-ranking officials were staring down the barrel of a global financial meltdown.They weren’t sure exactly when, or how, the market would crash, but as Mark Carney tells it, “We knew that the thing was going to fall apart.”It was a turning point for Mr. Carney, then a senior public servant, and began the next chapter of his career managing economic crises as the governor of national banks in Canada and Britain.It was also a transformative moment in Mr. Carney’s political evolution: He saw the financial crisis as the catalyst…
President Donald Trump listens during a Cabinet meeting at the White House on Feb. 26, 2025.Andrew Harnik | Getty Images News | Getty ImagesThe Trump administration’s purge of federal staff may flood an unemployment benefits system ill-equipped to handle the deluge, triggering delays in aid for jobless workers, according to a new report.The terminations of federal workers by the Trump administration’s so-called Department of Government Efficiency — headed up by billionaire entrepreneur Elon Musk — may ultimately stretch into the hundreds of thousands. That would amount to the largest mass layoff in U.S. history.The scale of cuts would likely “overwhelm”…
Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. Jan. 6, 2025. Steve Marcus | ReutersMore than two years into the generative artificial intelligence boom, Wall Street is setting an increasingly high bar for chipmakers.When it comes to earnings reports — most recently from Marvell Technology — good isn’t good enough. That’s because investors previously poured into the companies making the infrastructure and devices at the heart of the AI economy, bidding the stocks up to historically high levels.They’re demanding results.Marvell shares plummeted 20% on Thursday, their steepest slump…
United States President Donald Trump, on Thursday, paused tariffs on several imports from Mexico and Canada for a month. Earlier, he had imposed 25 percent tariffs on almost all imports from both countries. He first announced a halt on the tariffs for Mexico after a phone call with that country’s president, Claudia Sheinbaum. Later, he extended that reprieve to Canada. Here is what happened, which products the pause applies to and what comes next: What happened? On Thursday, Trump signed orders temporarily exempting goods from Mexico and Canada that are covered by the US-Mexico-Canada trade agreement (USMCA) from the 25…
Brian Armstrong, CEO of Coinbase, slammed the U.S. Securities and Exchange Commission. He also said the cryptocurrency exchange is looking to invest more outside of the U.S.Carlos Jasso | Bloomberg | Getty ImagesNow that President Trump has announced plans for a Strategic Bitcoin Reserve, crypto industry leaders can focus on what else they want to hear from the new administration on Friday.Just over six weeks into his second White House term, Trump is hosting his first Crypto Summit, a nod to an industry that played a major role in his election victory in November. No executive was more central to…
China’s top diplomat, Wang Yi, cast his country as a bulwark for peace and stability in a world thrown into chaos by the Trump administration. He warned of a return to the law of the jungle if more countries act like the United States in pursuing its own interests above all else.As the Trump administration upends global trade relations and threatens to abandon alliances, China is trying to burnish its image at home and abroad and take swipes at Western dominance. “We will provide certainty to this uncertain world,” Mr. Wang told reporters in Beijing on Friday.Yet Mr. Wang’s depiction…