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69°
Tuesday, jun 23
Tag:
Financial Times
Business
'Trump Always Chickens Out': Hear His Response To Wall Street's '
Taco
' Trade Strategy
Economists say Wall Street just experienced a "TACO" Tuesday, but it had nothing to do with tortillas or salsa. Traders and other stock market watchers have been discussing what's called the "TACO" trade strategy. TACO is an acronym that stands for "Trump Always Chickens Out," a reference to President Donald Trump's constantly changing tariff threats and retreats. Financial Times columnist Robert Armstrong has been widely credited with creating the TACO nickname earlier in May. "The recent rally has a lot to do with markets realising that the US administration does not have a very hig…
Politics
Trump Strikes Deal With Ukraine For Rare Earth Minerals
The Trump Administration has successfully negotiated an agreement with Ukraine regarding the development of the nation’s rare earth mineral resources. The move is anticipated to strengthen diplomatic ties and pave the way for a long-term US security commitment amid Ukraine’s ongoing, three-year-old war with Russia. It's also seen as a form of reimbursement for the hundreds of billions of dollars of assistance and weapons the United States has provided to Ukraine. This significant development was initially reported by Ukrainska Pravda and the Financial Times late Tuesday afternoo…
Politics
Trump Taps Billionaire Financier, For Commerce Secretary
President-elect Donald Trump has picked another New Yorker for a top Cabinet post. Howard Lutnick, a Long Island native from Jericho and the chairman and CEO of Cantor Fitzgerald, is his pick for commerce secretary. “He will lead our tariff and trade agenda, with additional direct responsibility for the Office of the United States Trade Representative,” Trump announced on Truth Social on Tuesday, Nov. 19. Earlier Report: Trump Selects Vaccine-Skeptic Robert F. Kennedy Jr. As Secretary Of Health, Human Services Lutnick, a co-chair of the president-elect’s transition team, has spent …