(Bloomberg) — Apple Inc. committed to spending another $100 billion on domestic manufacturing ahead of an event with President Donald Trump, marking the latest pledge by the tech giant to increase US production as it seeks to avoid punishing tariffs on its flagship iPhones. Most Read from Bloomberg As part of what it calls the
The Trump White House has reportedly set its sights on punishing banks it believes have been debanking conservatives. The Wall Street Journal says it has reviewed a draft executive order that would instruct banking regulators to probe banks that may have violated the Equal Credit Opportunity Act. Regulators would also be directed to investigate whether
For months, the U.S. economy appeared to be weathering the disruptive effects of President Donald Trump’s trade and immigration policies. But over the course of 72 hours, that sunny outlook darkened, as the latest government data this week showed the president’s revolutionary remaking of the world’s largest economy had hit a snag. Subscribe to The
Assorted Cryptocurrency emblems Image by Canva Treasury Secretary Scott Bessent declared an end to the “four-year siege” on cryptocurrency, unveiling a sweeping federal report that charts America’s path to becoming the world’s crypto capital. Speaking at the White House, Bessent announced over 100 regulatory and legislative recommendations aimed at reversing what he called the previous
After embracing and backing cryptocurrency, the White House is going a step further and releasing a crypto currency Bible. The Block reports that the White House is slated to release a report on Wednesday, expected to reveal details on how federal officials view cryptocurrency and lay out recommendations for lawmakers. “I do think it is
Senate Appropriations committee Chairwoman Patty Murray (D-WA) (L) and Ranking Member Susan Collins (R-ME) (R) participate in a hearing in the Dirksen Senate Office Building on November 20, 2024 in Washington, DC. (Photo by Anna Moneymaker/Getty Images) With the White House slow to distribute congressionally appropriated funds for the National Institutes of Health, some senators
The House has passed three bills intended to boost the legitimacy of the cryptocurrency industry with new regulations as President Donald Trump has pushed to make the U.S. the “ crypto capital of the world.” One of the three bills, legislation to regulate a type of cryptocurrency called stablecoins, had already passed the Senate with
A child during his father’s first term, Barron Trump has become a political advisor—and business partner—to the president. GIORGIO VIERA/AFP via Getty Images Barron Trump was all in on cryptocurrency before his father knew hardly anything about it. “Barron knows so much about this,” the president said during an interview in September, when the Trump
WASHINGTON (AP) — President Donald Trump on Friday signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a “national security agreement” submitted by the federal government. Trump’s order didn’t detail the terms of the national security agreement. But the iconic American
President Trump announced Friday that he would double tariffs on imported steel to 50% following a pair of court rulings that left many of his signature duties in limbo. “At 25%, they can sort of get over that fence. At 50%, they can no longer get over the fence,” Trump told US Steel employees at