The Trump administration is preparing to impose tariffs on semiconductors and pharmaceuticals, moving forward with national security investigations into imports from those sectors, as revealed in notices published Monday in the Federal Register. This move adds to the turbulence in the global trade landscape, which has already been shaken by a flurry of tariff announcements, rollbacks, and changes from the Trump administration over the past two weeks, triggering sharp reactions in financial markets. Although semiconductors and pharmaceuticals were initially exempt from the 10% tariffs imposed on most imports starting April 5, Trump had stated they would be subject to separate levies. On Sunday, he mentioned that the tariff rate on semiconductors would be revealed in the coming wee...

Americans angry over Elon Musk’s sweeping cuts to federal services aren’t just venting online — they’re showing up in person. Across the country, frustrated citizens are staging demonstrations outside Tesla showrooms, and it’s starting to rattle Musk. “Who is funding and organizing all these paid protests?” he complained on X, referring to the nationwide “Tesla Takedown” protests. But maybe Musk should be asking a different question: “Who designed my showrooms to be so protest-friendly?” The answer? Elon Musk himself. While traditional car dealerships are typically located on the outskirts of cities, Tesla flipped the script. Of the 276 Tesla showrooms in the U.S., most sit right in the heart of affluent, bustling neighborhoods—often where wealthy progressives live, shop, and din...

The Social Security Administration (SSA), which distributes monthly benefits to about 70 million Americans, has come under fire recently for its short-lived decision to block many claimants from verifying their identities over the phone. That decision has now been reversed. Originally, the SSA had announced that individuals unable to verify their identity online would be required to visit an office in person for all new benefit claims and direct deposit changes. However, this policy was later revised to exempt recipients of Social Security Disability Insurance, Medicare, and Supplemental Security Income. What You Need to Know? The SSA has now confirmed that all beneficiaries will once again be able to verify their identity over the phone. Starting April 14, 2025, the SSA wi...

Elon Musk, the high-profile tech billionaire, could soon be stepping away from his role in the Trump administration, as a group of lawmakers pushes for his removal. This comes amid growing backlash over Musk’s controversial behavior online, including a recent outburst on Twitter in response to a poll showing his declining popularity. A total of 77 Democratic lawmakers have called on the White House to set a May 30 deadline for Musk to conclude his involvement with the administration. Officials close to President Trump have reportedly raised concerns, even suggesting Musk might be under the influence. His various roles within the administration have been loosely defined, ranging from head of the Department of Government Efficiency (DOGE), to an advisor to Trump to a “special ...

Billionaire hedge fund manager Ray Dalio has raised serious concerns about the U.S. economy, warning that Donald Trump’s aggressive trade policies could lead to economic trouble far worse than a typical recession. Speaking on NBC’s Meet the Press this Sunday, Dalio, the 75-year-old founder of Bridgewater Associates, said the U.S. is "very close to a recession" but emphasized that the risks go beyond that. “I think we’re at a major decision point,” Dalio said. “A recession usually means two quarters of negative GDP growth—we’ve seen those before. But what we’re facing now could be much more serious. We’re seeing signs of a breakdown in the global monetary system. We’re spending more than we can sustain. That’s a warning sign.” Dalio’s comments come amid market turmoil caused by...

U.S. and Iranian diplomats began indirect talks on Saturday in Oman, aiming to address international concerns about Iran's nuclear ambitions. On Sunday, Defense Secretary Pete Hegseth called the initial discussions “productive” and “a good step forward.” Speaking to Fox News, he emphasized that while President Donald Trump hopes to avoid military action, the U.S. is fully prepared if necessary. “We’ve shown the ability to go far, go deep, and go big,” Hegseth said. “We don’t want to, but if it comes to that, we will act to stop Iran from obtaining a nuclear weapon.” President Trump echoed those sentiments earlier in the week, stating that military intervention is “absolutely” on the table if diplomacy fails. “If it requires military, we’re going to have military,” Trump told ...

Senator Elizabeth Warren (D-Mass.) is urging Democrats to take a more aggressive stance against former President Trump’s tariffs, rather than waiting for the courts to act. Speaking on ABC News’s This Week on Sunday, Warren responded to questions about the legal challenges surrounding the tariffs and her call for the Securities and Exchange Commission (SEC) to investigate whether Trump allies may have financially benefited from the resulting market volatility. “We don’t have to wait for the courts to step in,” Warren said. “The real question is whether Republicans will stand with us on this.” Warren has recently called on Congress to act against Trump’s tariff measures, emphasizing that regulating trade is within Congress’s constitutional powers. She urged Democrats to push their ...