Kudlow: Tech Stocks Still 'Ain't Bad', Even With Correction
*By Carlo Versano*
The White House dispatched chief economic adviser Larry Kudlow to speak to reporters Thursday morning as markets turned deep red in a day marked by volatility and which added to the sell-off in tech stocks.
Kudlow told Cheddar's J.D. Durkin the administration remains bullish on the economy ー and he noted that the tech sector, in particular, was up 50 percent since President Trump's election, "even with this correction."
"That ain't bad," he said.
Kudlow wouldn't disclose whether he advises Trump to speak less critically of the actions of the Federal Reserve ー for which presidents typically reserve a church-and-state type attitude. Trump, for his part, called the Fed "loco" on Wednesday for raising interest rates.
Kudlow told Cheddar: "The advice I give to the president is the advice I give to the president. It's entirely private."
Republican presidential candidate Tim Scott says he is ending his 2024 bid for president in a move that surprised his donors and stunned his campaign staff.
House Speaker Mike Johnson unveiled his proposal on Saturday to avoid a partial government shutdown by extending government funding for some agencies and programs until Jan. 19 and continuing funding for others until Feb. 2.
Activists protesting corporate profits, environmental abuses, poor working conditions and the Israel-Hamas war marched in downtown San Francisco on Sunday, united in their opposition to a global trade summit that will draw President Joe Biden and leaders from nearly two dozen countries.
U.S. officials say that five U.S. servicepeople were killed when a military helicopter crashed over the eastern Mediterranean Sea during a training mission.
FBI agents seized phones and an iPad from New York City Mayor Eric Adams this week as part of an investigation into his campaign fundraising, his attorney confirmed Friday.
A man was arrested early Friday in the alleged assault of former U.S. Sen. Martha McSally, who says she was molested as she jogged along the Missouri River in Council Bluffs, Iowa.
President Joe Biden and Chinese President Xi Jinping will meet Wednesday in California for talks on trade, Taiwan and managing fraught U.S.-Chinese relations in the first engagement between the leaders of the world's two biggest economies in a year.
a phrase about the space in between, “from the river to the sea,” has become a battle cry with new power to roil Jews and pro-Palestinian activists in the aftermath of Hamas' deadly rampage across southern Israel Oct. 7 and Israel's bombardment of the Gaza Strip.
