Stocks closed lower on Thursday, erasing solid gains from earlier in the day, on U.S.-China tensions. The sell-off began when President Donald Trump…
Tag: President Trump
How to potentially profit from President Trump’s battle with Twitter and Facebook
The escalation in the battle between President Trump and social media companies such as Twitter and Facebook could dent the investment theses on each…
Apple set to break out in coronavirus market rally as Dow futures jump on vaccine hopes
Dow futures jumped Tuesday morning, along with S&P 500 and Nasdaq futures, amid continued coronavirus vaccine hopes. The coronavirus stock market rally …
Stock futures jump on Memorial Day as coronavirus stock market rally rolls on
On Monday morning, Dow Jones stock futures rose solidly, along with S&P 500 futures and Nasdaq futures, with U.S. markets closed for Memorial Day…
Doctor testing Moderna’s COVID-19 vaccine says it’s ‘mind-boggling’ that it may be ready this year
Emory University medicine professor Dr. Carlos del Rio told CNBC on Friday, “I am cautiously optimistic” that a COVID-19 vaccine could be ready this year…
President Trump: We won’t close America when second COVID-19 wave hits
President Donald Trump said “we are not closing our country” if the U.S. is hit by a second wave of COVID-19 infections. “People say that’s a very…
Some Americans spend $1,200 stimulus checks on non-essentials including electronics
There’s evidence that some Americans are spending their $1,200 stimulus checks on non-essentials including electronics, video games, sporting goods…
CDC releases detailed guidelines for reopening America
The Centers for Disease Control and Prevention (CDC) has released detailed guidelines — in the form of a 60-page document — for reopening schools…
U.S.-China fight over chipmaker TSMC rattles tech industry
On Friday, the Trump administration banned TSMC and rival chipmakers using American equipment from supplying China’s Huawei Technologies Co. without …
TSMC expands U.S. manufacturing with $12 billion chip fabrication plant
Last week, TSMC announced last week that is expanding its manufacturing footprint within the U.S. The new facility will be built in Arizona…
President Trump launches ‘Operation Warp Speed’ to find COVID-19 vaccine
President Trump announced “Operation Warp Speed” — a new initiative that is aimed at developing an effective COVID-19 vaccine …
China risk reemerges; here’s how Apple could be affected
In the stock market, China risk is reemerging. The U.S. is amending an export rule to block the sale of certain semiconductors to Huawei…
China ready to target Apple, other U.S. firms in retaliation against U.S.’ Huawei ban
The Trump administration on Friday moved to ban shipments of semiconductors to Huawei Technologies from global chipmakers…
Apple supplier TSMC to build multibillion-dollar chip plant in Arizona with Trump admin backing
In a potential realignment of global trade, TSMC is planning to build a multibillion-dollar chip plant in Arizona with Trump administration backing…
France vows to impose digital tax this year, Trump may retaliate with tariffs
On Thursday, French finance minister Bruno Le Maire vowed that France will tax big digital businesses this year whether there is progress or not…
President Trump threatens new taxes on American companies that make goods outside United States
On Thursday, President Donald Trump threatened to impose new taxes on American companies that produce goods outside the United States, another move…
Elon Musk wins as Alameda County capitulates over Tesla factory reopening
After Tesla’s factory reopened Monday with CEO Elon Musk practically daring local authorities to arrest him and after the factory’s operations continued…
Backed by President Trump, Elon Musk restarts Tesla factory in defiance of Alameda county orders
Backed by President Trump, Tesla CEO Elon Musk said Monday that the company’s factory in Fremont, California is open and has restarted production…
Trump administration in talks with TSMC, Intel about building U.S. factories
Representatives from two chipmakers, TSMC, and Intel, said on Sunday that the Trump administration is in talks with semiconductor companies…
Apple COO Jeff Williams ‘optimistic’ about post-coronavirus US economy
Apple Chief Operating Officer Jeff Williams is “optimistic” about a U.S. economy recovery from the COVID-19 reaction as businesses begin to reopen…
President Trump says Apple CEO Cook sees V-shaped recovery
The two discussed the COVID-19 pandemic and state of the economy. Trump said Cook believes the economy will have a V-shaped recovery …
Bill Gates: Getting a COVID-19 vaccine by 2H21 would be ‘history-making achievement’
Getting a safe and effective COVID-19 vaccine by second half 2021 would be “history-making achievement,” Microsoft co-founder Bill Gates says…
Apple CEO Cook joins President Trump’s committee on reopening American economy
President Donald Trump said Tuesday that he’s enlisting advisers from nearly all sectors of American commerce, including Apple CEO Tim Cook, members…
Dow tumbles more than 500 points as COVID-19 shutdown slams economy
Stocks fell sharply on Wednesday as the COVID-19 shutdown slams the economy. Dismal economic data and weak bank earnings fueled concerns…
Apple gaps up, helps lift Dow Jones to 500-point gain
The stock market held bullish gains in afternoon trading Tuesday as Apple, Home Depot, and Microsoft outperformed in the Dow Jones Industrial Average…
President Trump says US will have ‘substantially’ fewer deaths from COVID-19 than initial estimates claimed
On Friday, U.S. President Trump said that the projected number of deaths related to COVID-19 will be “substantially under” earlier models…
Fed Chair Powell: Recovery can be ‘robust’ once COVID-19 is contained
Federal Reserve Chairman Jerome Powell said Thursday that the economic rebound following the coronavirus-induced shutdown “can be robust.”
S&P 500 rallies to join Dow in exiting bear market
U.S. equity markets rallied to session highs Wednesday as the S&P 500 exited its bear market helped by a basket of news investors believe will be…
House passes $2 trillion coronavirus stimulus bill, sends to President Trump for signature
The $2 trillion coronavirus stimulus bill, which includes one-time payments to individuals, strengthened unemployment insurance, additional health-care…
Coronavirus speeds Apple assemblers’ plans to move beyond China
COVID-19 is expediting Apple assemblers’ move out of China that has been underway since the President Trump began deploying U.S. import tariffs on China…
Ford joins 3M and GE in ventilator, respirator production
Ford on Tuesday jumped into the emergency push by major U.S. manufacturers to produce thousands of ventilators and respirators needed to help treat those…
Apple donates 10M face masks in U.S. and millions more in Europe
Apple CEO Tim Cook announced via Twitter today that the company has sourced and will be donating 10 million face masks for the U.S. and millions more…
Deal reached on $2 trillion U.S. coronavirus stimulus
World stocks surged 11% on Wednesday as coronavirus-battered markets leapt on news of a $2 trillion U.S. fiscal stimulus package. News of the deal …
Vice President Pence: Apple donates 9 million N95 protective masks
Vice President Mike Pence said that Apple has pledged to donate 9 million N95 respirator masks to healthcare facilities across the U.S.…
Dow soars to close up 11% in best day since 1933
The Dow Jones Industrial Average soared on Tuesday, logging its best day in 87 years as the Trump administration neared agreement on a $2 trillion…
Stocks jump on stimulus bill hopes, President Trump’s reopening signal
After Trump on Tuesday signaled he was eager to reopen the economy and amid hopes that U.S. lawmakers were close to an agreement, stocks jumped …
Apple Watch excluded from U.S. tariffs on China imports
According to a letter dated Friday, Apple’s request for its popular Apple Watch to be excluded from U.S. tariffs on Chinese imports was approved…
US-Mexico border closed to ‘non-essential’ traffic
The US-Mexico border will temporarily close to “non-essential traffic” in an effort to control and slow the spread of the COVID-19 coronavirus…
President Trump invokes Defense Production Act in response to pandemic
On Wednesday, President Trump announced that he will invoke the Defense Production Act (DPA), which would allow U.S. government to force American industry…
Trump Administration aims to send $2,000 to many Americans in coronavirus stimulus
Trump administration officials are working with congressional Republicans on an emergency stimulus package that could send a total of $2,000…
Bill Ackman advises President Trump to shut down the US
Billionaire hedge fund manager Bill Ackman is calling on President Trump to shut down the U.S. in order to curtail the COVID-19 pandemic…
Trump administration plans to send all Americans money amid COVID-19 pandemic
On Tuesday, U.S. Treasury Secretary Steve Mnuchin said that the Trump administration plans to send money to Americans immediately…
