The State Department has fired about 60 contractors who work for its democracy, human rights and labor bureau, a division whose programs have often been criticized by authoritarian leaders, according to two U.S. officials and two former officials.The dismissals deal a severe blow to the bureau, because the contractors were mostly technical or area experts whom senior officials relied on to do the day-to-day work of enacting the programs overseas.The bureau has received about $150 million to $200 million of annual budget funding from Congress in recent years. But the bureau also handles and passes on money that Congress appropriates…
Author: usaeverydaylife
CNBC’s Jim Cramer unpacked Monday’s market action, saying investors shouldn’t be shocked by President Donald Trump’s steep tariff hikes, which he promoted during his campaign.”Stop panicking when Trump does something you think is crazy, and remember that he promised to do most of this stuff before he was elected, and he still won,” Cramer said. “Many might say this is a precarious moment…I simply say you got what your country voted for.”Stocks saw choppy trading throughout the session as Wall Street reeled at the prospect of a global trade war after Trump levied tariffs against three of the U.S.’s top…
Narendra Modi, India’s prime minister, left, and U.S President Donald Trump, arrive for a news conference at Hyderabad House in New Delhi, India, on Tuesday, Feb. 25, 2020.T. Narayan | Bloomberg | Getty ImagesU.S. President Donald Trump has invited Indian Prime Minister Narendra Modi to visit the White House next week, a White House official said, hours after a U.S. military plane departed to return deported migrants to the country.Trump spoke with Modi on Jan. 27, when he discussed immigration and stressed the importance of India buying more American-made security equipment and fair bilateral trading ties.India, a strategic partner of the United States in its efforts to counter China, is keen to enhance trade relations with the U.S. and…
The ‘Fast Money’ traders talk volatility in the market as tariff whiplash hits Washington. Source link
Republican presidential nominee, former President Donald Trump offers his hand to Elon Musk back stage during a campaign rally at the Butler Farm Show grounds on October 05, 2024 in Butler, Pennsylvania. Anna Moneymaker | Getty ImagesElon Musk is serving in the Trump administration as a “special government employee,” according to a White House official.It’s a designation that means Musk, the tech tycoon and fierce Trump ally whom President Donald Trump has launched on a cost-cutting mission across the federal government, is working neither as a volunteer nor a full-time employee. Special government employees are asked to abide by conflict of interest…
Canada secured a 30-day postponement in the application of U.S. tariffs on its exports on Monday afternoon just hours before they were scheduled to go into effect after a call between Prime Minister Justin Trudeau of Canada and President Donald J. Trump yielded a border deal that seemed to satisfy both leaders.Mr. Trudeau had earlier pledged to retaliate against U.S. tariffs by imposing tariffs against U.S. goods, too. In the end, he seemed to make modest concessions to Mr. Trump on the border policies, including thousands of “frontline’” personnel stationed at the border.“I just had a good call with President…
Carter Worth, Worth Charting, talks technical indicators in the S&P 500 and the U.S. Dollar. Source link
Tokyo Tower, Tokyo’s famous landmark, rises high above the skyscrapers in Azabu, Roppongi and Toranomon districts. A tilt-shift lens was used in order to obtain a miniature effect.Krzysztof Baranowski | Moment | Getty ImagesAsia-Pacific markets rose Tuesday after Donald Trump paused tariffs on Mexico for a month, while Canada also said the U.S. president had put on hold proposed tariffs on its exports.Japan’s benchmark Nikkei 225 was trading 1.64% higher, while the broader Topix index advanced 1.27%.South Korea’s Kospi rose 1.77% while the small-cap Kosdaq gained 2.8%.Hong Kong’s Hang Seng index started the day up 1.63%.Over in Australia, the S&P/ASX 200 was up 0.35%.Chinese markets remain…
China’s DeepSeek shook global stock markets after revealing that it had built a powerful artificial intelligence model for a mere $6 million. While some have disputed the shockingly low cost of developing the AI models, most agree that DeepSeek has sharply cut the on-going cost of running powerful AI models and that the firm’s decision to release its technology for free has altered the course of the industry. CNBC Pro spoke to companies around the world on how DeepSeek’s new AI models are set to impact their operations and financials. Roadzen , a Nasdaq-listed company, is attempting to disrupt the…
Cars queue to cross into the U.S. from Canada, at the border between the two countries, in Surrey, British Columbia, Canada Feb. 3, 2025. Chris Helgren | ReutersThis report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.The tariffs are not happening immediately — at least for Mexico and Canada. In what appeared to be another successful deal negotiated by U.S. President Donald Trump, the two countries agreed to ramp up their border protection,…
