Donald Trump News

Nvidia co-founder Jensen Huang and Dell Technologies founder Michael Dell saw their net worths drop below the $100 billion threshold after a brutal first quarter for global stocks, as a broad market sell-off wiped out billions from the fortunes of some of the world’s wealthiest individuals. The number of centi-billionaires has shrunk from 16 to 13 this year, according to the Bloomberg Billionaires Index, as aggressive U.S. tariff policies have heightened market volatility.

Elon Musk's days as a senior White House adviser may be coming to an end — along with his government-slashing Department of Government Efficiency. After the tech mogul said that he would step down as DOGE chief by the end of May, US President Donald Trump has hinted that his 'first buddy' Musk may quit his role as a senior White House adviser leading the DOGE and will likely to go back to running his several companies full time. President Trump Monday said he wants to keep Elon Musk at the White House for as long as he is willing to oversee the DOGE but suggested the billionaire tech entrepreneur's time could be nearing an end. ALSO READ: 'Did Biden do news conferences like this?': Trump calls friend Kid Rock ‘Bob’ during rapper’s bizarre appearance

Donald Trump's "Liberation Day" is here, a day where he seeks to alter the global trade structures by imposing reciprocal tariffs on countries that, according to him, treated the US unfairly. This will have widespread implications for the world including India. Even though experts predict the impact will be minimal and transient, the domestic stock market doesn't seem to think so. Benchmark Sensex plummeted 1400 points on Tuesday, highlighting the deep fears pervading among investors. In this context, here is a study on how investors should approach the next two days of trading.

Renuka Chowdhury on Wednesday moved suspension of Business Notice in Rajya Sabha to discuss the impact of US Tariffs on India which are slated to come in effect from today. Expressing concern over the tariff, Renuka Chowdhury moved the notice to discuss India's policy to counter the impact on economy.

batteries. Toys sold in slimmed-down boxes or no packaging at all. More household goods that shoppers need to assemble themselves. These are some of the ways consumer product companies are retooling their wares to reduce costs and avoid raising prices as President Donald Trump levies new import taxes on key trading partners as well as some materials used by American manufacturers. The economic environment in which the president has imposed, threatened and occasionally postponed repeated rounds of tariffs is more precarious than during his first term. U.S. consumers are feeling tapped out after several years of inflation. Businesses say tariffs add to their expenses and eat into their profits, but they are wary of losing sales if they try to pass all of the increase on to customers. Instead, some companies are exploring cost-cutting options, both ones that consumers likely would notice in time — remember “shrinkflation?” — and ones that exist too far down the supply chain for them to see. The changes may help minimize price increases yet won't be enough in every case to offset them completely.

Subscribe to enjoy similar stories. “The golden age of America begins right now," intoned Donald Trump at the start of his inaugural address on January 20th. The business world bought the glittering talk, in anticipation of lower taxes, less red tape and buoyant American consumers.

Donald Trump on Wednesday is set to announce the most expansive US trade restrictions in a century, at a stroke upending the postwar global trading system and posing difficult-to-predict economic risks. The administration’s plans to impose what Trump calls reciprocal tariffs have left investors, executives, government officials and consumers around the world guessing what lays ahead when he takes the podium at the 4 p.m. White House Rose Garden event. Deliberations are coming down to the wire, with the size and scope of new levies still being discussed Tuesday. Also Read: As tariff clock counts down, Trump is still up for 'a good negotiation' The lack of details so far on the structure, size and targets of the levies have left the world “flying blind” heading into the big announcement day, according to Nomura Holdings Inc. chief economist Rob Subbaraman. “The Trump administration’s proposed reciprocal tariffs mean different things to different people,” he wrote in a recent note to clients. While a direct approach means the US matching the levies that other nations impose on US goods, “we suspect the criteria for US reciprocal tariffs will be much broader than that, and indeed more difficult to quantify.”

Sensex and Nifty50, traded higher on Wednesday, led by gains in IT and banking stocks, as investors awaited U.S. President Donald Trump's latest round of tariffs. At 9:37 am, the BSE Sensex was up 426 points, or 0.56%, at 76,451, while the Nifty50 gained 123 points, or 0.53%, to trade at 23,289.

Supreme Court election failed to secure a win for his chosen candidate, Brad Schimel. The contest, which determined the balance of the state's judiciary, ended in victory for Susan Crawford, a liberal-backed candidate who now holds a pivotal seat on the court. The election was not only crucial for Wisconsin but also attracted national attention, symbolising the shifting tides of political influence at the state level.

Donald Trump’s looming import tariffs ripple through global car manufacturing. Trump had initially taken aim at fully assembled vehicles, with a 25% import duty set to take effect on April 3, but additional levies on car parts such as engines, transmissions and electrical systems are slated to begin by May 3. That’s kicked off frantic lobbying by major carmakers Ford Motor Co., General Motors Co. and Stellantis NV to get certain components excluded, and left Indian suppliers stuck in limbo. The US is the biggest market for India’s auto parts exports, accounting for almost a third of the $21.2 billion industry in the year ended March 31, 2024. The local passenger vehicle market has been tepid with growth expected at just 2% for the year ending March 2026, Partho Banerjee, senior executive director at Maruti Suzuki India Ltd. told reporters on Tuesday.

Subscribe to enjoy similar stories. As US President Donald Trump sends shockwaves through global markets, one asset class that stands gleaming is gold. On Tuesday, its price reached a new record high of nearly $3,150 per ounce in the international market amid concerns over the global economy taking a big hit once Trump’s reciprocal tariffs come into force from 2 April in the US.

Subscribe to enjoy similar stories. Indian benchmark indices ended lower on 1 April, with the Sensex falling 1.80% and the Nifty 50 dropping 1.50% ahead of the tariff deadline. Major losers were HCL Technologies, Bajaj Finserv, and HDFC Bank, while IndusInd Bank and Bajaj Auto saw gains.

Subscribe to enjoy similar stories. Global cues continue to dictate the trends in the Indian stock market as we begin the new financial year. While trends remain uncertain, certain stocks are able to handle this scenario efficiently.

Subscribe to enjoy similar stories. Bengaluru: The Big Five of India’s IT services may grow slower in the year ahead as Donald Trump's tariff war threatens to hurt their large clients in the US, multiple analysts said. Inflationary policies, retaliatory tariffs and a slower pace of rate cuts are expected to darken the mood further.

In surpassing the previous record—held by the late segregationist Senator Strom Thurmond, who filibustered against the Civil Rights Act of 1957 for 24 hours and 18 minutes—Booker etched his name into Senate history. But unlike Thurmond, who fought against progress, Booker used his time to rally against what he sees as a dangerous consolidation of power. «I rise with the intention of disrupting the normal business of the United States Senate for as long as I am physically able,» Booker said at the outset of his remarks. «I rise tonight because I believe sincerely that our country is in crisis,» Booker said.

Jimmy Patronis won a special election Tuesday in Florida's 1st Congressional District, bolstered by President Donald Trump's endorsement to fill a vacant seat in reliably Republican northern Florida and despite national Democrats pouring millions into the race. Patronis, the state's chief financial officer, fended off a challenge from Democrat Gay Valimont even though she far outraised and outspent him. He will fill the northwest Florida seat vacated by former Rep. Matt Gaetz, who was chosen to be Trump's attorney general but withdrew from consideration amid allegations of sexual misconduct, which he has denied. Valimont benefited from the outrage of national donors alarmed by the early months of Trump's second term but was ultimately not able to pull off what would have been a massive upset in a district both Trump and Gaetz won by more than 30 points last year. The mood was celebratory at a waterfront restaurant in Pensacola, where congratulatory text messages were already lighting up Patronis' phone as early results were posted Tuesday night. Patronis worked the crowd of about 100 people shaking hands and giving hugs, his wife Katie and two sons in tow. In Florida's 6th Congressional District, Republican state Sen. Randy Fine won his race against Democratic challenger Josh Weil. Fine was on track for a much narrower victory than the 33-point margin by which Mike Waltz won the district in November, according to early returns.

Asian stocks edged lower as traders grapple with how to position themselves in the countdown to President Donald Trump’s sweeping tariffs announcement. A regional gauge declined as indexes in Japan and South Korea dropped at the open. Treasury yields advanced after a multi-day drop as traders weighed the odds of Federal Reserve policy easing.

Lena Dunham recently stepped out to lead a rally for trans rights just outside the US Capitol. The 38-year-old feminist advocate made a rare appearance in Washington DC on March 31. The rally was hosted by the Christopher Street Project for the Trans Day of Visibility, People magazine reported.

Lance Lynn officially announced his retirement from Major League Baseball on Tuesday during an episode of his wife’s podcast, Dymin in the Rough. The St. Louis Cardinals right-handed pitcher has decided to stop playing professional baseball at age 37 after representing the team throughout 13 successful seasons.

President Donald Trump says that tariffs will make the U.S. "rich." But those riches will likely be far less than the White House expects, economists said.

AQR Capital Management's multistrategy hedge fund beat the market with a 9% rally in the first quarter as Wall Street grappled with extreme volatility amid President Donald Trump's uncertain tariff policy.