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Tag: Donald Trump

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Trump brushes off Musk’s criticism of $500bn AI project

President Donald Trump on Thursday dismissed criticism from Tesla CEO Elon Musk over a $500 billion artificial intelligence project announced earlier this week. The initiative, a joint venture called Stargate, involves OpenAI, SoftBank, and Oracle, and is projected to build data centers and create over 100,000 jobs across the United States. Trump unveiled the ambitious […]

US considers equity stakes in chipmakers under CHIPS act
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Trump open to Elon Musk purchase of TikTok

United States President Donald Trump expressed openness on Tuesday to the possibility of billionaire Elon Musk acquiring the social media app TikTok, should the Tesla CEO wish to do so. This follows heightened concerns over national security, with U.S. lawmakers pressuring TikTok’s Chinese parent company, ByteDance, to sell the app or face a potential ban. […]

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Trump overturns Biden’s 50% EV target, freezes funds

United States President, Donald Trump, on Monday reversed a 2021 executive order issued by his predecessor, Joe Biden, which set a goal for electric vehicles to make up 50% of all new vehicle sales in the United States by 2030. While the target was non-binding, it had received backing from both U.S. and international automakers. […]

TikTok deal talks with China to begin next week - Trump
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Trump withdraws US from global corporate tax agreement

President Donald Trump on Monday issued a memorandum declaring that the global corporate minimum tax agreement, negotiated by the Biden administration with nearly 140 countries in 2021, would have “no force or effect” in the United States. In doing so, Trump effectively withdrew the U.S. from the landmark deal. The memorandum also directed the U.S. […]

TikTok deal talks with China to begin next week - Trump
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Bezos, Zuckerberg, Pichai join Trump at Inauguration

A group of tech billionaires and influential figures in Donald Trump’s orbit gathered for his inaugural celebrations, which kicked off with a church service on Monday morning. Among those seen taking prominent seats at St. John’s Church were Amazon founder Jeff Bezos, Meta CEO Mark Zuckerberg, Apple CEO Tim Cook, and Google CEO Sundar Pichai. […]

TikTok deal talks with China to begin next week - Trump
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Trump’s crypto coin surges to $9bn market cap ahead of inauguration

Donald Trump’s newly launched cryptocurrency, $TRUMP, soared to unprecedented heights on Monday, reaching a market capitalization of $9.2 billion just hours before the U.S. President-elect’s return to the White House. The meme coin surged 73% during Asian trading hours, hitting $46.06, with a staggering 24-hour trading volume of $42.2 billion, according to CoinMarketCap. The digital […]

Trump escalates trade war with 200% tariff on European alcohol
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Trump lunches cryptocurrency before White House return

United States President-elect, Donald Trump has launched his own cryptocurrency, $Trump, which quickly surged in market capitalization to several billion dollars. The release of the meme coin comes just as he prepares to take office on Monday as the 47th president of the US. The venture was coordinated by CIC Digital LLC, an affiliate of […]

Trump escalates trade war with 200% tariff on European alcohol
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Trump announces $20bn foreign investment to build US data centers

President-elect Donald Trump announced a $20 billion foreign investment to build new data centers across the U.S. on Tuesday. Emirati billionaire Hussain Sajwani, a Trump associate and founder of DAMAC Properties, pledged “at least” that amount during the announcement at Mar-a-Lago. “They may go double, or even somewhat more than double, that amount of money,” […]

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Stock surge to record highs after Trump’s victory

United States stocks surged to record highs on Wednesday following Donald Trump’s surprising victory in the 2024 presidential election. The win fueled optimism among investors, who anticipated pro-business policies like tax cuts, deregulation, and a president who is outspoken on economic issues, according to Reuters. This led to significant gains across major stock indices, including […]

Trump escalates trade war with 200% tariff on European alcohol
News

Donald Trump expresses support for TikTok amid ban threats

Republican presidential candidate Donald Trump expressed his support for TikTok amidst looming threats of a potential ban if Chinese parent company ByteDance fails to divest its U.S. assets for the short video app. In an interview with Bloomberg BusinessWeek posted Tuesday, Trump emphasized the importance of competition, stating, “I’m for TikTok because you need competition. […]

Trump Media to raise $2.5bn for bitcoin investment
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Trump’s net worth falls to $1B as Truth Social shares sink

Donald Trump saw a staggering $1 billion decrease in his net worth following a 21% drop in shares of his social media endeavor, prompted by the lackluster revenue performance of Truth Social, the platform he launched. The filing revealed that Trump Media & Technology Group incurred losses surpassing $58 million in 2023. This revelation rattled […]

Trump returns to X, uploads mugshot
News Tech

Trump returns to X, uploads mugshot

The former president, Donald Trump has made a comeback to the social networking platform X, formerly known as Twitter, on Thursday, with a post that included a photo of his booking photo from the Fulton County Jail in Georgia earlier in the day. With his message for funds, Trump regained direct access to the public […]

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