President Donald Trump said he will impose 25% tariffs on goods imported from Canada and Mexico on Tuesday, dashing hopes for a last-minute deal that could avoid a trade war with two of the U.S.’s top trading partners. Trump told reporters there was “no room left for Mexico or for […]
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AI cloud provider CoreWeave files for IPO
CoreWeave, a provider of cloud-based Nvidia processors to companies including Meta and Microsoft, is headed for the public market. In its IPO prospectus on Monday, CoreWeave said revenue in 2024 soared more than 700% to $1.92 billion. The company recorded a net loss of $863.4 million. In 2024, 62% of […]
As Social Security plans to cut about 7,000 workers, some experts worry that may affect benefits
The Social Security Administration office in Brownsville, Texas. Robert Daemmrich Photography Inc | Corbis Historical | Getty Images The Social Security Administration plans to shed 7,000 employees as the Trump administration looks for ways to cut federal spending. The agency on Friday confirmed the figure — which will bring its […]
Nvidia shares fall 9% on tariff fears
Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 6, 2025. Steve Marcus | Reuters Nvidia shares fell nearly 9% on Monday after President Donald Trump confirmed that tariffs from Canada and Mexico will go into […]
Trump announces $100 billion investment in U.S. from TSMC, calls it ‘most powerful company’ in world
C.C. Wei, TSMC Group CEO, stands on the future site of a chip factory under the name European Semiconductor Manufacturing Company (ESMC) during a symbolic ground-breaking ceremony. Sebastian Kahnert | Picture Alliance | Getty Images Taiwan Semiconductor Manufacturing will pour $100 billion into bolstering chip manufacturing in the U.S., President […]
Bitcoin tumbles 9%, reversing most of the rally from Trump’s crypto reserve announcement
Jakub Porzycki | Nurphoto | Getty Images A bitcoin rally faded Monday as traders grappled with concerns that proposed tariffs were on track to take effect. Concerns about the economic impact from these levies overshadowed earlier excitement about President Donald Trump‘s announcement of a U.S. strategic crypto reserve. Bitcoin was […]
Trump dashes hope for last-minute Canada and Mexico deal ahead of 25% tariffs
US President Donald Trump speaks in the Roosevelt Room of the White House in Washington, DC, on March 3, 2025. Roberto Schmidt | Afp | Getty Images President Donald Trump said that the U.S. will impose 25% tariffs on Canada and Mexico on Tuesday, scrapping hopes of a last-minute deal […]
Trump’s $5 million ‘gold card’ visa opens a door for wealthy college applicants from overseas, experts say
New York University graduates walk through New York’s Washington Square Park on May 9, 2021. Alexi Rosenfeld | Getty Images For years, restrictive student visa policies in the U.S. have limited college enrollment among international students. President Donald Trump’s proposed gold card visa program, which he said would offer permanent […]
Nvidia’s unofficial exports to China face scrutiny after arrest of silicon smugglers in Singapore
Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. Jan. 6, 2025. Steve Marcus | Reuters Alarm bells went off in 2024 when Singapore unexpectedly emerged as Nvidia’s second-largest revenue source. The disclosure fueled widespread speculation that […]
Student loan borrowers pursuing public service forgiveness are ‘panicking,’ expert says. Here’s what to know
Students walk through the University of Texas at Austin on February 22, 2024 in Austin, Texas. Brandon Bell | Getty Images As the Trump administration overhauls the student loan system, many borrowers pursuing the Public Service Loan Forgiveness program are worried about its future. “There’s a lot of panicking by […]