Donald Trump News

Nike's turnaround effort is hitting snags as the company tries to clear out old inventory while feeling the effects of a growing trade war. The sportswear maker signaled further declines in revenue and profitability due to an ongoing merchandise reset that the company says is necessary to renew growth. Nike also expects gross margin to decline sharply in the current quarter from a year earlier, in part due to US tariffs on products from China and Mexico. Chief executive officer Elliott Hill, a longtime Nike executive who came out of retirement to take the top role in October, is looking to guide the company back to growth after a difficult year of falling sales and corporate layoffs. He's reshaping Nike by refocusing on sports and mending relationships with its retail partners. Nike is in the midst of clearing out stale merchandise through heavy discounting as demand fades for some of its biggest sneaker franchises, including Air Force 1s and Dunks. Inventory fell 2% in the period but Chief Financial Officer Matt Friend said those levels remain «elevated across all categories.» The company is trying to turn things around against a backdrop of weak consumer spending and fallout from President Donald Trump's escalating trade war. China also remained a weak spot, with sales missing analyst expectations amid a prolonged consumer slump in the market. But performance in North America and the region that includes Europe, Africa and the Middle East came in better than expected.

Donald Trump is invoking emergency powers to boost the ability of the US to produce critical minerals-and potentially coal-as part of a broad effort to ramp up the development of domestic natural resources and make the country less reliant on foreign imports. An executive order signed by the president Thursday taps the Defense Production Act as part of an effort to provide financing, loans and other investment support to domestically process critical minerals and rare earth elements, according to a White House official. The US International Development Finance Corporation, working with the department of defense, will provide financing for new mineral production projects. The order, which also encourages faster permitting for mining and processing projects and a directive for the interior department to prioritise mineral output on federal land, comes as a direct response to long-held concerns among the US and allies that China overwhelmingly controls the processing of some of the most important critical minerals. These elements are used in a number of products from batteries to defence systems that are seen as crucial to the nation's energy and security.

In its annual review published today (21 March), the OFSI said the UK and its allies have imposed «the most severe sanctions Russia has ever faced», depriving Moscow of over $400bn since 2022, «equivalent to four years of Russia's military spending». The agency added that 2,001 Russian individuals and entities fell under the UK sanctions regime as of March this year. How the Russia-Ukraine war has reshaped the defence and energy sectors in Europe The latest figures came as US President Donald Trump rushes to negotiate a peace settlement between Russia and Ukraine without consulting...

There will be winners and losers as United States President Donald Trump shakes up the world order through tariffs and shifting military strategies, but one area poised to prosper is defence, says Jo Taylor, chief executive of the Ontario Teachers’ Pension Plan Board.

Tatiana Estevez was celebrating her fog water collection company Permalution securing money in a fundraising round and garnering support for a drinking water project, when it was all placed in jeopardy.

U.S. President Donald Trump’s rather erratic approach to trade policy once left room for hope that maybe his tariff threats were just that — threats — but as the April 2 deadline nears a harsher outlook is setting in.

United States President Donald Trump is invoking emergency powers to boost the ability of the U.S. to produce critical minerals — and potentially coal — as part of a broad effort to ramp up the development of domestic natural resources and make the country less reliant on foreign imports.

Canada could soon face a recession that would extend throughout the rest of the year as United States President Donald Trump’s tariff war upends economies and trade around the world, according to a new analysis by Desjardins Group.

By Susan McArthur

Conor McGregor, never one to shy away from the spotlight, made waves on March 17, 2025, by securing an unprecedented Oval Office meeting with former U.S. President Donald Trump. The timing—St. Patrick’s Day—was no coincidence. It was a power move, a statement, a calculated bid for attention on both sides of the Atlantic. But this was no mere handshake-and-photo-op affair. McGregor, the brash and outspoken MMA superstar-turned-aspiring politician, came with an agenda. Immigration, government transparency, Ireland’s economic trajectory—these were the topics he thrust into the conversation, positioning himself as a nationalist voice for Ireland’s future. His meeting, however, ignited immediate controversy, leaving many to question not just how he secured such a high-profile audience but why he sought it in the first place.

But the positive outlook continues, with forecasts of US Federal Reserve rate cuts and persistent geopolitical tensions underpinning demand for the metal. At 08:59 a.m. ET (1259 GMT), spot prices of gold today were at $3,034.02 an ounce, down 0.3%. US gold futures were also down a bit by 0.1% to $3,040.90 an ounce, as mentioned in a report by Reuters. In spite of the slight pullback, gold is set for a third straight weekly gain, up 1.7% this week.

Tesla trade-ins at dealerships (excluding Tesla’s own trade-in program).

Melania Trump, has stepped into adulthood as he celebrated his 19th birthday on March 20. Initially, Barron largely stayed out of the public eye but gained prominence when he attended the high-profile inauguration of Donald Trump on January 20. Standing at an impressive 6-foot-7, he draws attention not only for his height but also for his reserved nature and infrequent public appearances with his family. Now a freshman at New York University, Barron is forging his own path while continuing to intrigue many.

Donald Trump announced on Friday that individuals caught damaging Tesla vehicles could face imprisonment for up to twenty years. He shared this information through a post on Truth Social. Trump's Truth Social post stated, «People that get caught sabotaging Teslas will stand a very good chance of going to jail for up to twenty years, and that includes the funders. WE ARE LOOKING FOR YOU!!!» This announcement follows US Attorney General Pam Bondi's declaration that recent aggressive attacks on Tesla property constitute domestic terrorism. She promised thorough investigations with strict penalties for all participants, including those who organise and finance these activities. Bondi declared, «The swarm of violent attacks on Tesla property is nothing short of domestic terrorism. The Department of Justice has already charged several perpetrators with that in mind, including in cases that involve charges with five-year mandatory minimum sentences.»

shares fell on Friday, led by travel stocks after a fire at Heathrow Airport, while investors continue to assess the effects of brewing trade tensions. The pan-European STOXX 600 was down 0.5% as of 0815 GMT, with losses led by Europe's travel and leisure index, down 2.1%.

Bitcoin and major cryptocurrencies declined on Friday as escalating geopolitical tensions and concerns over US tariffs dampened investor appetite for risk. Global policymakers struck a cautious tone amid central bank meetings this week, highlighting economic and political uncertainty. The US Federal Reserve, Bank of Japan, and Bank of England all kept interest rates unchanged, citing trade tensions and inflation risks.

Greenland's glittering blue icebergs, says his bank has told him to expand ahead of an expected influx of tourists after US President Donald Trump put the island in the global spotlight. Trump's comments, coupled with the opening of a new international airport in the capital Nuuk, have already boosted arrivals and more are expected. «Already now, we are getting many more bookings than we have received earlier, especially because of a man with the last name of Trump. He has really put Greenland on the map once again,» Knudsen-Ostermann, operator of Greenland Cruises, said, standing on the dock of an ice-packed harbour. Greenland became the focus of international attention in January when Trump's son, Donald Trump Jr., arrived at the newly opened Nuuk airport. Since then, the U.S. president has doubled down on his pledge to make the Arctic island part of the United States, as he eyes its vast wealth of rare earth minerals critical for high-tech industries.

“If you read the news, it feels like Armageddon,” he told employees in a meeting that lasted past 10 p.m. local time, according to Bloomberg. During the meeting, which was streamed live on his social media platform X, Musk further appealed: “I can’t walk past a TV without seeing a Tesla on fire. I understand if you don’t want to buy our product, but you don’t have to burn it down.” Musk also advised Tesla employees to “hang onto” their stock despite the «rocky moments.» Notably, Tesla shares have plunged more than 40% this year, erasing gains from a stock surge that followed President Donald Trump’s inauguration.

Donald Trump made it clear that those involved in the recent series of attacks on Elon Musk-owned Tesla properties could face significant consequences, including long prison sentences. Trump warned that anyone caught «sabotaging Teslas» — whether the perpetrators or their financial backers — could face up to 20 years in prison, in a fiery post on Truth Social. “People that get caught sabotaging Teslas will stand a very good chance of going to jail for up to twenty years, and that includes the funders. WE ARE LOOKING FOR YOU!!!,” his post read. This stern warning follows a string of attacks on Tesla showrooms, charging stations, and private vehicles, mainly in left-leaning cities across the United States. The White House has strongly backed Musk in the wake of these attacks.

Hamas ties. The detention of Badar Khan Suri, a postdoctoral fellow at Georgetown University in the US capital, came as fears mount in the academic world that freedom of research and speech is being challenged two months into US President Donald Trump's new term. Suri's lawyer demanded his release and denounced the arrest as a «targeted, retaliatory detention» that was intended «to silence, or at the very least restrict and chill, his speech» as well as that of others who «express support for Palestinian rights.» Early Thursday evening Judge Patricia Tolliver Giles of the Eastern District of Virginia Court ordered Suri «shall not be removed from the United States unless and until the court issues a contrary order.» The American Civil Liberties Union (ACLU), which has also filed an emergency motion to stop the deportation, said Suri was being held at an immigration detention center in Louisiana.