Donald Trump News

Wall Street is pointing slightly lower ahead of another U.S. inflation report and an expected interest rate cut by the European Central Bank

Donald Trump is all set to take charge as the 47th President of the United States. The swearing-in ceremony will be held on January 20. High-profiled guests are expected to attend the event. The Kremlin said on Thursday that Russian President Vladimir Putin had not received an invitation to attend the January 20 inauguration of the U.S. President-elect Donald Trump. CBS, citing multiple unidentified sources, said that Trump had invited Chinese President Xi Jinping to attend. Meanwhile, President-elect Trump, who has both derided Time magazine and pined for its approval, was named the publication's person of the year on Thursday.

European Central Bank has cut rates by a quarter percentage point amid signs of weakening growth and concern about the impact of political chaos in France and the possibility of new U.S. import tariffs. The bank's rate-setting committee made the decision on Thursday at its skyscraper headquarters in Frankfurt to lower the benchmark from 3.25% to 3%.

Trump's children's US citizenship would most likely not be impacted by his birthright proposal. As part of his strict measures to reduce illegal immigration, President-elect Donald Trump has suggested abolishing birthright citizenship. Nevertheless, it is untrue to say that his children with immigrants Ivana and Melania Trump would not be granted citizenship under this proposed amendment; all of them were born in the US, and even if they hadn't, their father would have granted them citizenship, as quoted in a report by AFP. On December 8, 2024, an X post with tens of thousands of interactions states, Trump’s plan to end birthright citizenship would mean 4 of his children wouldn’t be considered US citizens.

Adani Group stocks surged by up to 9% on Thursday after FBI Director Chris Wray announced he would step down from his position early next year. The news follows signals from Republican President-elect Donald Trump indicating his intention to dismiss the veteran official and replace him with Indian-American Kash Patel. The combined market capitalization of all Adani Group stocks increased by Rs 28,000 crores.

Subscribe to enjoy similar stories. During Donald Trump ’s first administration, China learned that it couldn’t match the much larger U.S. economy’s tit-for-tat when it came to tariffs, and quickly found other ways to try to inflict pain—often by borrowing from his playbook.

Subscribe to enjoy similar stories. Hamas has yielded to two of Israel’s key demands for a cease-fire deal in Gaza, Arab mediators said, raising hopes of an agreement that could release some hostages within days despite the repeated collapse of previous negotiations. The militant group told mediators for the first time that it would agree to a deal that would allow Israeli forces to remain in Gaza temporarily when the fighting stops.

crypto as the optimism sparked by President-elect Donald Trump’s embrace of the sector begins to cool. Bitcoin fell below $95,000 at one point on Tuesday, while an index of smaller digital assets slid as much as 15%, one of its biggest intraday drops of 2024.

Donald Trump on Wednesday said he was picking Kari Lake, a former news anchor and a hardline Republican who failed to win an Arizona Senate seat last month, to be the director of U.S. government-funded media outlet Voice of America. Trump, in a post on his Truth Social site, said Lake will «ensure that the American values of Freedom and Liberty are broadcast around the World FAIRLY and ACCURATELY, unlike the lies spread by the Fake News Media.» Lake, a strong Trump supporter who has echoed his false claims about fraud at the 2020 election, also lost the governor's race in swing state Arizona in 2022 and was previously an anchor at Phoenix-based Fox 10.

Senate Democrats failed in their bid to confirm a Democratic member of the National Labor Relations Board after the Senate rejected a razor-thin vote that hinged on the pivotal rejections of independent Sens. Joe Manchin of West Virginia and Kyrsten Si...

Elon Musk's net worth has surpassed $400 billion, according to the Bloomberg Billionaires Index, setting a new milestone Wednesday for the world's richest person, as per a report. The jump in wealth, the business news outlet reported, came after SpaceX and its investors agreed to purchase as much as $1.25 billion of insider shares in a transaction that valued the rocket and satellite company at about $350 billion, AFP reported. The transaction increased Musk's personal wealth by about $50 billion to $440 billion, Bloomberg said.

FBI Director Chris Wray will step down from his post early next year, the bureau said on Wednesday, after Republican President-elect Donald Trump signaled his intent to fire the veteran official and replace him with firebrand Kash Patel. Trump himself had appointed Wray, a fellow Republican, to his 10-year term in 2017, after firing his predecessor James Comey, who the then-president soured on over the FBI's investigations into alleged contacts between his 2016 campaign and Russia. «After weeks of careful thought, I’ve decided the right thing for the Bureau is for me to serve until the end of the current Administration in January and then step down,» Wray told FBI employees today, the agency said in a statement.

US President- elect Donald Trump have recently mocked the Canadian Prime Minister Justin Trudeau on social media while referring to him as the ‘Governor of the Great State of Canada’, reported NBC News. According to NBC News, this certain comment was actually followed by a dinner at Mar-a-Lago, where Donald Trump and Justin Trudeau eventually discussed regarding potential tariffs on Canadian imports. At the same time, Donald Trump has threatened to impose a 25% tariff unless Canada addresses issues related to illegal immigration and drug trafficking. Also Read: What is Israel up to in Syria? Its tanks are just 24 kilometres southwest of Damascus

Donald Trump doesn't think much of Joe Biden's foreign policy record. The Republican president-elect frequently casts the outgoing Democratic president as a feckless leader who shredded American credibility around the world during his four-year term, AP reported. But a funny thing happened on Trump's way back to the White House: The Biden and Trump national security teams have come to an understanding that they have no choice but to work together as conflicts in Gaza, Syria and Ukraine have left a significant swath of the world on a knife's edge, as per AP report.

President-elect Donald Trump is promising expedited federal permits for energy projects and other construction worth more than $1 billion

President-elect Donald Trump is expected to ring the opening bell at the New York Stock Exchange, marking the ceremonial start of the day’s trading

Canada’s central bank lowered its key interest rate by half a percentage point while highlighting the risk of U.S. President-elect Donald Trump's threat of tariffs on all Canadian products

The Bank of Canada cut its benchmark lending rate by 50 basis points on Wednesday to 3.25 per cent.

Billionaire Elon Musk’s close proximity to President Trump was the first indication of the President-elect’s willingness to further a neo-tech agenda. Musk has been given the responsibility, along with Vivek Ramaswamy, to head the the Department of Government Efficiency (DOGE), which will work towards cutting wasteful government spending and reducing budget deficits. Musk, the founder of new-gen technology firms like SpaceX, Neuralink and Starlink, is touted to be the 'world’s second most powerful person' after Trump takes office in January, according to an Axios report. Also Read: Real shame? After being pelted with mud in flood-hit Valencia, Spain's King Felipe and Queen Letizia cause political scandal for not showing up at Notre Dame reopening ceremony

Subscribe to enjoy similar stories. President-elect Donald Trump said his administration would speed the approval of big construction projects for companies that invest more than $1 billion, signaling his intention to push the limits of federal law to boost the economy. In a post on his social-media site, Truth Social, Trump said Tuesday that any person or company investing $1 billion or more in the U.S.

Bitcoin has been on a tear, surging more than 33% since Donald Trump won the US presidential election on 5 November. On Tuesday, the world’s largest digital token briefly topped $90,000 (€85,000), after breaking through the $80,000 mark over the weekend.