The shares of China’s Xiaomi, the world’s third-largest maker of smartphones, plunged in Hong Kong trade on Friday after the U.S. DOJ…
Tag: Trump administration
Market gains confidence as Trump admin sees U.S. end to COVID-19 crisis in Q2
The Trump admin’s chief of vaccine development, Dr. Moncef Slaoui, has said he believes the entire U.S. population could be inoculated by June
Trump administration grants ByteDance 15-day extension on order to divest TikTok
The Trump administration granted ByteDance a 15-day extension of a divestiture order that had directed the Chinese company to sell TikTok…
Apple lobbies White House for lower taxes to boost U.S. chip production
Apple has been lobbying the U.S. government on tax breaks to support domestic chip production. The company lobbied the White House…
Trump administration presses tech supply chain to cut ties with China
The Trump administration is making a concerted effort to press non-U.S. suppliers to move production out of China …
SCOTUS Justice Gorsuch: Apple’s didn’t need to copy anyone to invent iPhone, so why did Google?
Alphabet’s Google got a mixed reception at the U.S. Supreme Court as it sought to overturn a ruling that could force the company to pay…
U.S. judge temporarily blocks Trump admin’s ban on new TikTok downloads
A U.S. judge has temporarily blocked a Trump administration order that was set to bar Apple’s App Store from offering TikTok for download at…
China would rather see TikTok U.S. close than a forced sale
Beijing opposes a forced sale of TikTok’s U.S. operations by its Chinese owner ByteDance, and would prefer to see the short video app shut…
Trump administration: TikTok buyer will not be able to transfer data from American soil to Chinese servers
As the deadline looms for Chinese technology company ByteDance to sell off its popular video platform TikTok to an American company…
Walmart is teaming up with Microsoft in bid to acquire TikTok’s U.S. business
Walmart has confirmed it’s teaming up with Microsoft in a bid for ByteDance’s TikTok service.On August 14, U.S. President Trump ordered…
S&P 500 nears record high as U.S. stimulus bets climb
The S&P 500 closed in on its February peak on Tuesday on hopes for more U.S. stimulus., returning to levels prior to the reaction to COVID-19…
Trump administration announces U.S. spectrum auction to fuel 5G growth
In order to ramp up 5G network coverage in the United States, the Trump administration on Monday unveiled plans to auction off spectrum…
U.S. Treasury Sec. Mnuchin: Democrats now ‘willing to compromise’ on COVID-19 stimulus package
Treasury Secretary Steven Mnuchin said Monday that he believes Democrats are “willing to compromise” on a fourth COVID-19 stimulus package…
Apple denies reported interest in acquiring TikTok
Apple has denied interest in acquiring TikTok after an Axios story from earlier Tuesday reported that Apple was looking into a potential deal. The Trump…
EU imposes sanctions on China, moving closer to Trump administration’s tougher stance
On Tuesday, the European Union imposed sanctions on China over its treatment of Hong Kong moving the bloc closer to the Trump administration’s tougher…
Apple CEO Tim Cook and Ivanka Trump to tout job training
Apple CEO Tim Cook and IBM Chairman Ginni Rometty will join Ivanka Trump, a senior aide to and a daughter of President Donald Trump, to launch…
New U.S. government development agency could loan billions for reshoring, official says
U.S. government financing for reshoring projects to return critical supply chains to the United States as part of coronavirus response efforts could…
TSMC secures government subsidies and picks site for $12 billion U.S. plant
TSMC (Taiwan Semiconductor Manufacturing Co. Ltd.) has secured government subsidies for a planned $12 billion U.S. chip plant to be built in…
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…
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…
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 …
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…
Trump administration lays the groundwork for quantum internet in the US
The Trump administration’s 2021 budget request contains $237 million in funding to support quantum information research. Quantum information science…
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…
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…
Dow rebounds by 1,000 points as President Trump reportedly seeks $1 trillion coronavirus stimulus package
Stocks surged in volatile trading Tuesday as Wall Street cheered reports of White House coronavirus stimulus plans and new actions by the Fed…
U.S. postpones April 15 tax payments for 90 days for most Americans
In an unprecedented move, the U.S. government will postpone the April 15 deadline for tax payments for millions of individuals, giving Americans…
U.S. Apple Retail Stores closed ‘until further notice’
Apple’s retail stores are closed ‘until further notice,’ according to a notice posted on Apple.com on Tuesday. Last Friday, Apple announced…
Stocks surge as President Trump declares national emergency to speed U.S. coronavirus response
Stocks rallied Friday after President Trump said leaders of many large companies in the United States had agreed to help with widespread efforts to test…
Trump administration discusses coronavirus response with tech firms
Trump administration officials, including U.S. Chief Technology Officer Michael Kratsios who led the call, discussed the response to the coronavirus…
Trump administration to meet with Apple, others to discuss ways to control coronavirus outbreak
Trump administration officials will meet reps from Apple and other large tech companies on Wednesday to coordinate efforts over the coronavirus outbreak…
Trump administration got Apple Retail Stores into India
Apple CEO Tim Cook said that the Trump administration successfully lobbied the Indian government to get Apple Retail Stores into India …
Apple CEO Tim Cook signs statement urging the U.S. to stay in the Paris Agreement
Despite having a seemingly cordial relationship with President Trump, Apple CEO Tim Cook reiterated one grave area of disagreement on Monday…
Dow, S&P 500, and Nasdaq hit record highs after White House economic advisor Kudlow signals U.S.-China trade deal getting close
The Dow Jones Industrial Average hit a new record high today after the Trump administration’s National Economic Council director Larry Kudlow said…
Can Apple avoid U.S. import tariffs again?
Apple will soon face another big test in the Trump administration’s continuing trade war. With sales of its latest device lineup in full swing…
Made in America: Apple to build new, insanely powerful Mac Pro in Texas after securing tariff relief
As part of its commitment to US economic growth, Apple today confirmed that its newly redesigned Mac Pro will be manufactured in Austin, Texas. Apple CEO Tim Cook said, “We believe deeply in the power of American innovation. That’s why every Apple product is designed and engineered in the U.S.”
Apple CEO Tim Cook has met with President Trump five times in past year
Apple CEO Tim Cook has met with U.S. President Donald Trump at least five times over the past year…
Trump admin tariff threats spur exodus of manufacturers from China
Electronics makers are shifting manufacturing from China in order to side-step Trump administration tariffs…
