Author: Daniel snow
No president in modern history has done more to put the military in the middle of political and cultural crossfire than Donald Trump.On Tuesday, just one day after he directed active-duty Marines onto the streets of Los Angeles in response to protests against his immigration policies and four days before he plans to oversee an extravagant military parade on his birthday, Mr. Trump stood before a crowd of beret-wearing soldiers at Fort Bragg in North Carolina and dragged them into his own political maelstrom.While past commanders in chief might have chosen to deliver a speech that celebrated the U.S. Army’s…
An employee arranges gold bars at the Italpreziosi SpA precious metals refinery plant in Arezzo, Italy, on Tuesday, May 6, 2025. Bloomberg | Bloomberg | Getty ImagesCentral banks’ growing appetite for gold meant that the precious metal was the second-largest global reserve asset in 2024, according to a European Central Bank report out Wednesday — but analysts suggest some institutions may be nearing their fill.Central banks’ gold stockpiles are close to levels last seen in the 1950s and 1960s. Combined with gold’s soaring price, it is now second only to the U.S. dollar as their biggest reserve holding in value…
Tesla CEO Elon Musk walks to board Air Force One with U.S. President Donald Trump (not pictured) as they depart for Philadelphia, Pennsylvania, from Morristown Municipal Airport in Morristown, New Jersey, U.S., March 22, 2025. Nathan Howard | ReutersTesla rallied for a fourth straight session as the spat between CEO Elon Musk and President Donald Trump showed further signs of a cooldown.Shares rose about 2% Wednesday and were up more than 12% this week.Tesla investors also caught a spark of hope for the company’s robotaxi strategy after Musk said the service will “tentatively” launch in Austin, Texas on June 22.…
Mark Zuckerberg, CEO of Meta Platforms. Artificial intelligence has been an integral focus for the tech giant’s leader amid competition from players like OpenAI, Microsoft and Google.David Paul Morris | Bloomberg | Getty ImagesMeta on Wednesday announced it’s rolling out a new AI “world model” that can better understand the 3D environment and movements of physical objects.The tech giant, which owns popular social media apps Facebook and Instagram, said its new open-source AI model V-JEPA 2 can understand, predict and plan in the physical world. Known as a world model, these systems take inspiration from the logic of the physical…
Sloane Stephens looks on against Madison Keys during the Charlotte Invitational at Spectrum Center on December 06, 2024 in Charlotte, North Carolina. Jacob Kupferman | Getty ImagesThe Women’s Tennis Association has introduced a rule allowing players to protect their rankings during fertility treatments.The policy means that players can step away from professional tennis to undergo procedures like egg or embryo freezing and return to the tour with a protected ranking.Players must be out for 10 consecutive weeks for a procedure, and they receive a “Special Entry Ranking” based on their recent averages. It can be used for three tournaments after…
Net unrealized appreciation is a thorny tax issue. Source link
What does it take for a state to attract businesses and jobs in 2025? President Trump has turned many states’ well-worn economic development playbooks upside down.As the administration seeks to drastically cut the size of the federal government, states that previously could count on Washington for federal jobs, grants and contracting dollars are suddenly out of luck. Meanwhile, the states that are less reliant on the federal government are looking smart.And then there are the tariffs. Some states have built large parts of their economies on international trade, which the Trump trade war is disrupting.”Something affecting one country or one…
Trump, in a post on Truth Social, said the U.S. is “getting a total of 55% tariffs.” Source link
U.S. Vice President JD Vance speaks, during a tour of Nucor Steel Berkeley in Huger, South Carolina, U.S., May 1, 2025. Kevin Lamarque | ReutersPresident Donald Trump and Vice President JD Vance are now double-teaming the Federal Reserve in an effort to get lower interest rates.In a social media post Wednesday morning on X, Vance echoed his boss’s urging that the central bank ease monetary policy, after the latest inflation readings showed that tariffs are yet to exert any substantial upward pressure on inflation.”The president has been saying this for a while, but it’s even more clear: the refusal by…
Medical debt afflicts all ages, not just retirees. Emergency room visits, surgeries, dental work and even childbirth can trigger steep bills. Source link