Aug 07 Trump opens door for 401(k) retirement plans to invest in private equity and crypto By Ken Sweet, Associated Press Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments, according to an executive order signed Thursday by President Donald Trump that could give those financial players long-sought access to a… Continue reading
Aug 07 WATCH: Trump presents data with economist Stephen Moore, days after BLS chief fired By Associated Press The White House invited journalists into the Oval Office Thursday afternoon for a surprise appearance by conservative economist Stephen Moore. President Donald Trump also said he would meet with Russian President Vladimir Putin even if the Russian leader won’t meet… Continue reading
Aug 07 OpenAI releases hotly anticipated GPT-5 update By Associated Press Expectations are high for the newest version of OpenAI's flagship model because the San Francisco company has long positioned its technical advancements as a path toward artificial general intelligence, or AGI, a technology that is supposed to surpass humans at… Continue reading
Aug 07 Trump’s planned 100% tariff on computer chips sparks confusion By Matt O'Brien, Mae Anderson, Associated Press The U.S. imports a relatively small number of chips because most of the foreign-made chips in a device — from an iPhone to a car — were already assembled into a product, or part of a product, before it landed… Continue reading
Aug 07 Trump says Intel’s CEO must resign, sending its stock tumbling By Michelle Chapman, Associated Press President Donald Trump made a social media post after Sen. Tom Cotton sent a letter to Intel Chairman Frank Yeary expressing concern over CEO Lip-Bu Tan’s investments and ties to semiconductor firms that are reportedly linked to the Chinese Communist… Continue reading
Aug 07 Trump’s broad tariffs go into effect just as U.S. economic pain is surfacing By Josh Boak, Associated Press The higher import taxes are part of his strategy to reduce the U.S. trade deficit and encourage foreign investment in America. Continue reading
Aug 07 U.S. applications for jobless benefits up modestly but remain at a healthy level By Matt Ott, Associated Press The Labor Department reported Thursday that jobless claims for the week ending Aug. 2 rose by 7,000 to 226,000, slightly more than the 219,000 new applications analysts forecast. Continue reading
Aug 06 Trump says he plans to put 100% tariff on computer chips, likely increasing electronics costs By Josh Boak, Associated Press President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, likely raising the cost of electronics, autos, household appliances and other goods deemed essential for the digital age. Continue reading
Aug 06 WATCH: Trump announces Apple investment of additional $100B in U.S. manufacturing By Josh Boak, Associated Press Apple had previously said it intended to invest $500 billion domestically, a figure it will now increase to $600 billion. Trump in recent months has criticized the tech company for efforts to shift iPhone production to India to avoid the tariffs his Republican administration… Continue reading
Aug 06 Trump to put additional 25% import taxes on India, bringing combined tariffs to 50% By Josh Boak, Rajesh Roy, Fatima Hussein, Associated Press The tariffs would go into effect 21 days after the signing of the order, meaning that both India and Russia might have time to negotiate with the administration on the import taxes. Continue reading