Michael Kratsios, former deputy to Peter Thiel, has been appointed to lead the U.S. government's AI strategy amid escalating competition with China, as tensions rise over China's DeepSeek AI model and semiconductor trade restrictions.
Trump administration is reportedly contemplating a tax increase for the wealthiest Americans. The move is seen as a strategic approach to fund other policy priorities.
Silver oscillates in a narrow trading band following the previous day's good two-way price moves, though it holds above the $34.00 mark through the Asian session on Tuesday.
Two major Michigan business organizations have warned that President Donald Trump's planned 25% tariffs on imported vehicles and parts would severely damage the state's auto-dependent economy and harm the working class.
Defense and aerospace stocks have emerged as a bright spot amid turbulent and chaotic broader market conditions, with the iShares U.S. Aerospace & Defense ETF (BATS: ITA) up 5.7% year-to-date and the VanEck Defense UCITS ETF (LON: DFNG) up 16%, while the S&P 500 and the Nasdaq have declined 4% and 10%, respectively, during the same period.
The reported rivalry between Apple Inc. (NASDAQ: AAPL) and Elon Musk's SpaceX is heating up over satellite technology designed to eliminate cellphone dead zones.
