Donald Trump News

'President Musk' has captured the attention of users on social media and has spread like a wildfire. The development comes after Democrats alleged Tesla CEO and Department of Government Efficiency (DOGE) leader is leading the GOP and is the real president, rather than US president-elect Donald Trump. A number of hilarious memes have surfaced online, showing Musk's power. A user on X identified as 'The Lincoln Project' posted a video calling 'Trump' the «vice president» and Musk the «president.» The video also mentions Trump «admiring the assets of other men,» hinting towards Musk. The user captioned the video, «Everyone knows who is running this show: President-elect Musk.»

2024 has been a landmark year for the yellow metal, with Comex gold soaring over 40% from its yearly lows while MCX gold mirroring this trend and climbing by more than 25% year-to-date, driven by strong physical demand, Kaynat Chainwala, AVP-Commodity Research at Kotak Securities. While President-elect Donald Trump's tariff and tax cut policies remain a challenge, gold's role as a hedge against inflation, political instability, and economic uncertainty positions it well for the coming year, she adds. Edited excerpts:

Seth Meyers, host of NBC's ‘Late Night,’ took aim at the dynamic between Elon Musk and Donald Trump during his Thursday segment, ‘A Closer Look.’ The American comedian has said that US President-elect's friendship with the Tesla CEO is destined for failure. Meyers didn’t really believe in the duration of their relationship; he was certain that there was no way the relationship could last long before it would burst at the seam. “It’s just a question of how and when,” he remarked. ALSO READ: Elon Musk challenges government with a cryptic post after US House passes urgent funding bill to avert shutdown

Motilal Oswal Financial Services, which sees consolidation in the first six months while a recovery in the next. The brokerage remains upbeat on the prospects of these 10 stocks viz. ICICI Bank, HCL Technologies, Larsen & Toubro (L&T), Zomato, Nippon Life India Asset Management, Mankind Pharma, Lemon Tree, Polycab, Macrotech Developers, Syrma SGS — calling them as top bets of next year. “The year 2025 could unfold as a tale of two halves. The first half may continue to see market consolidation, while a recovery could take place in the second half. Indian markets are likely to face significant influences from a combination of global and domestic economic events. The anticipated rate cut by the RBI in February 2025, the ongoing trend of US rate cuts, and the expectations surrounding trade policy changes post Donald Trump taking over as US President in Jan’25 will contribute to market volatility.

Subscribe to enjoy similar stories. WASHINGTON—There was much to celebrate when House Speaker Mike Johnson walked into Mar-a-Lago to meet with President-elect Donald Trump just after the November election. But there was also pressing business, including a deadline to reach a government-spending deal.

2024 is about to conclude, cryptocurrency investors are celebrating significant gains, with Bitcoin outperforming traditional investments like stocks, bonds, and gold, just as it did in 2023. Bitcoin was the best-performing investment of 2024, rising by 140% in just 12 months. Starting the year at around $42,000-$43,000, it skyrocketed to a record $1,08,000 by December. This return far surpassed the Nifty50 index, which gained about 10%, and gold, which rose by over 20%.

Approaching a midnight deadline, the Senate is preparing to give final approval to a new plan to prevent a government shutdown

With hours to go before a midnight government shutdown, the House has approved a new plan from House Speaker Mike Johnson that would temporarily fund federal operations and disaster aid, but dropped President-elect Donald Trump’s demands for a debt lim...

U.S. president-elect Donald Trump has warned the EU that it must commit to buying “large scale” amounts of U.S. oil and gas or face tariffs, in his first trade salvo against Brussels since his election victory.

midnight government shutdown, defying President-elect Donald Trump's demand to also greenlight trillions of dollars in new debt. Next, the Democratic-controlled Senate would need to pass the bill to ensure the government will be funded beyond midnight (0500 GMT Saturday), when current funding expires. The White House said President Joe Biden intends to sign it into law if they do. The legislation would extend government funding until March 14, provide $100 billion for disaster-hit states and $10 billion for farmers. It would not raise the debt ceiling — a difficult task Trump has pushed Congress to do before he takes office on Jan. 20.

Trudeau government in Canada, as ex-House Speaker Newt Gringrich has claimed that the people of Canada and the House is losing confidence in the reigning Canadian PM, based on the way caved in to Trump recently. Gingrich went on to say that Trump has had an undue influence on Trudeau and the overall perspective changed about the Canadian PM in this sudden ceasefire of sots, which was looking impossible at a point when Trudeau was going all guns blazing.

Nvidia investors will soon reap in some awesome benefits in the coming months, when Donald Trump assumes the role of US President after Joe Biden's tenure. This is majorly because of the fact that Trump is considered to be pro-market and some of his economic policies, although reportedly inflationary, may bringing in a bulkload of money for the US Treasury, if reports are to be believed.

President-elect Donald Trump has been promoting the idea of creating a ‘Strategic National Bitcoin Stockpile,’ but the purpose of such an institution remains unclear. The price of a bitcoin (BTCUSD) surged to a record high this week, briefly passing the $108,000 mark after President-elect Donald Trump repeated his campaign trail proposal for the government to hold some amount of the popular cryptocurrency officially.

NYPD precinct in Manhattan. Authorities responded swiftly to assess potential threats.

Donald Trump makes a bold statement when he walks out sporting a new hairstyle reminiscent of Home Alone. At his Florida golf club, Donald Trump debuted a new hairstyle that was very different from his trademark bleach-blonde toupee, and his fans are obsessed. Donald Trump caused quite a stir on the internet with his windswept new hairstyle at his Florida golf club. While welcoming supporters at his Trump International Golf Club in West Palm Beach on Tuesday, the president-elect made a bold statement with his new appearance.

inflation as their comments echo Fed chief Jerome Powell's call for caution. The US Fed policymakers, fresh from an interest rate cut this week, fleshed out on Friday the case for reducing borrowing costs more slowly next year as they assess progress in lowering inflation and the impact of tariffs and other policies promised by President-elect Donald Trump, Reuters reported. San Francisco Fed President Mary Daly, who supported the U.S. central bank's decision on Wednesday to cut its benchmark overnight rate by a quarter of a percentage point to the 4.25 per cent-4.50 per cent range, and Cleveland Fed President Beth Hammack, who dissented against it, both said the meeting's outcome was a «close call.» Daly and two other Fed policymakers who spoke on Friday said they felt the central bank would likely resume its rate-cutting next year, but signaled they would take their time doing so now that, as Daly put it, the «recalibration phase» is over, as per Reuters report. «We're in the next phase, and that next phase is really looking at the incoming information,» Daly said in an interview with Bloomberg Television.

In his latest trade war threat, the incoming GOP president spoke out against Brussels via his account on social media site Truth Social.  In the post, Trump said: «I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas. Otherwise, it is TARIFFS all the way!!!» Trump inflationary risks force economists to temper Fed rate cut expectations — reports Many members of the incoming Trump administration, including the president-elect, reiterated the ‘drill baby drill' mantra during the presidential cam...

US Congress was scrambling to avert a partial government shutdown on Friday, hours after more than three dozen Republicans rejected a demand by President-elect Donald Trump to use the measure to lift the nation's debt ceiling. Republican House of Representatives Speaker Mike Johnson was trying to plot a course that could pass both his chamber, with narrow Republican control, and the Democratic-majority Senate, as a midnight Friday (0500 GMT Saturday) funding deadline loomed. «We have a plan,» Johnson told reporters at the Capitol on Friday. «We're expecting votes this morning.»

With president-elect Donald Trump threatening punitive tariffs of 25 per cent, Canada should look to a reliable, old ally for expanding trade: the United Kingdom.

Elon Musk running the US government? Tesla CEO's growing influence on the Republican Party and the Trump administration has become a topic of discussion among Democrats, some of whom now sarcastically refer to the SpaceX CEO as “President Musk.” As the threat of US government shutdown looms, Musk, one of the closest allies and a big supporter of President-elect Donald Trump, interjected himself into the process. The moniker 'President Musk' started trending on X, formerly known as Twitter, after the spending fight on Capitol Hill took an unexpected turn as the billionaire entrepreneur played a pivotal role in derailing a bipartisan funding bill, raising questions about his growing influence in Washington. Musk’s barrage of posts on X calling for lawmakers to «kill the bill» has led many to wonder whether he, not Donald Trump, is setting the Republican agenda. ALSO READ: What US government shutdown actually means: Explained in 10 points

Elon Musk’s role in taking down a bipartisan budget deal shows his ascendance as a political force