Politics
All the latest news stories about politics, from elections and law-making to the subtle shifts that change our lives—and our finances
Trump Considers Allowing Nvidia To Export Downgraded A.I. Chips To China
President Donald Trump said he may allow Nvidia to sell a downgraded version of its Blackwell A.I. chip to China, suggesting a 30–50% performance reduction.
Trump Places Washington D.C. Police Under Federal Control
President Donald Trump placed Washington, D.C.'s police department under federal control and deployed 800 National Guard troops.
President Trump Warns of 'Great Depression'
President Donald Trump cautioned that if courts invalidate his sweeping tariff policies it could lead the U.S. economy into a “GREAT DEPRESSION,” akin to 1929.
U.S. Imposes 15% Fee on Nvidia and AMD Chip Sales to China
In a first-of-its-kind move, the U.S. government has imposed a 15% levy on revenues from Nvidia’s H20 and AMD’s MI308 chip sales in China.
Intel CEO responds after Trump calls for his resignation
Intel CEO Lip-Bu Tan says he’s “always operated within the highest legal and ethical standards” after coming under pressure following President Donald Trump’s call for him to resign.
Trump Makes Fed Governor Appointment
President Donald Trump nominated Dr. Stephen Miran, chair of the Council of Economic Advisers, to fill the vacancy created by Fed Governor Adriana Kugler.
Trump opens door for private equity and crypto as 401(k) options
Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments.
Trump’s Shortlist for the Next Fed Chair
President Trump has trimmed his shortlist for the next Federal Reserve Chair to four names, with Kevin Hassett and Kevin Warsh leading the pack.
Apple Makes Major Announcement from the White House
Apple pledged a $100 billion investment in U.S. manufacturing, building on its earlier $500 billion commitment, bringing its total planned domestic spending.
RFK Jr. Halts $500M in Vaccine Funding
Health and Human Services Secretary Robert F. Kennedy Jr. announced the cancellation of 22 government-funded mRNA vaccine projects.
Why is Trump Feuding with the Big Banks?
President Trump renewed his accusations that major banks, including JPMorgan and Bank of America, discriminated against him and conservative customers.
U.S. proposes easing restrictions on drones traveling long distances
A new federal rule would make it easier for companies to use drones over longer distances out of sight of the operator without having to go through a cumbersome waiver process.
Trump Threatening Hefty Tariffs on India
India has emerged as one of Russia’s top crude oil customers, with Russian imports accounting for roughly 35–40% of India’s total oil portfolio.
Trump Reimposes 15% Tariffs on EU in Major Trade Shock
The European Union announced it will suspend its planned countermeasures against U.S. tariffs for six months.
New Tariff Blitz Accelerates, Global Frictions Mount
President Trump signed an executive order on July 31st, imposing new tariffs on 68 countries and the European Union, ranging from a 10% to as high as 50%.
Federal Reserve Keeps Rates Steady with Notable Dissents
On July 30th, the Federal Reserve held its benchmark interest rate steady at 4.25 %–4.50 %—marking the fifth hold.
Trump Imposes 25% U.S. Tariff on Indian Imports Amid Trade Deal Stalled
President Donald Trump announced that a 25% tariff on Indian imports will take effect on August 1st.
