WASHINGTON (AP) — President Donald Trump faces the challenge of convincing Republican senators, global investors, voters and even Elon Musk that he won’t bury the federal government in debt with his multitrillion-dollar tax breaks package. The response so far from financial markets has been skeptical as Trump seems unable to trim deficits as promised. “All
By Cynthia Kroet & Peggy Corlin Published on 28/05/2025 – 15:21 GMT+2 ADVERTISEMENT The European Commission launched a strategy designed to foster and grow small tech start-up companies on Wednesday as part of a broader Choose Europe initiative aimed at competing with China and the US. The document sets out key actions to help companies set up and
In a stark warning bestselling financial author Robert Kiyosaki says he believes the United States is barreling toward an unprecedented economic catastrophe. Kiyosaki says that the next downturn will eclipse that of Great Depression and make the 2008 crash look minor by comparison – and far worse than anything seen since the 1930s. ‘This is
Los Angeles-based investment firm Transom Capital Group agreed to acquire SigmaTron International Inc. for $18.5 million. An affiliate of Transom will acquire all outstanding shares of the company’s common stock for $3.02 per share in cash, representing a total enterprise value of approximately $83 million. The purchase price represents a premium of 134% over the
WASHINGTON: US authorities have charged Singaporean Malone Lam with heading up a 13-member crime ring that allegedly stole hundreds of millions of dollars of cryptocurrency. The 20-year-old has already been charged with stealing cryptocurrency worth US$230 million from one victim in Washington DC. In a new indictment, federal prosecutors alleged that he orchestrated a wider
Despite transatlantic tensions, several U.S. groups are expected to announce major investment projects, including logistics group Prologis, which will invest around €6.4 billion in new logistics facilities and data centers, and Amazon (€300 million). British digital bank Revolut will also invest €1 billion and ask French authorities for a banking license, while Spanish telecom infrastructure
The head of the EU executive also said the Commission would look to lower the oil price cap, a limit on the sales price for Russian crude oil which is decided at G7 level. Targeting Russia’s energy and banking sectors would have a “real impact” on the Kremlin, but doing so would be tricky because
The head of the EU executive also said the Commission would look to lower the oil price cap, a limit on the sales price for Russian crude oil which is decided at G7 level. Targeting Russia’s energy and banking sectors would have a “real impact” on the Kremlin, but doing so would be tricky because
Separating needs from wants and saving money as early as possible are among the top money tips that Americans have received, a new poll has shown. The poll conducted for Newsweek by Talker Research between April 11 and 17 asked 1,000 Americans to share the most-impactful financial advice they have ever been given. The responses
Stocks rose on Thursday, extending a two-day rally as investors hope for an easing of President Trump’s trade wars and weigh comments on its impact from a Federal Reserve official. The S&P 500 gained more than 1 percent after stalling in early trading. The index has seesawed this week: Monday saw a sharp sell-off, followed