According to the Wall Street Journal, Bill McKinley, the chief counsel of Elon Musk's government efficiency unit, has announced his resignation.
According to the Wall Street Journal, Trump plans to visit wildfire-ravaged Los Angeles as early as next week to review the damage and assess reconstruction needs. The exact time of the visit has not yet been determined, but Trump advisers are considering setting it for later next week, after Monday's inauguration. Trump advisers want to ensure that Trump's presence does not interfere with the...
According to the Wall Street Journal, Scott Bessant is prioritizing Trump's tax cuts.
In his first interview since being nominated by President-elect Donald Trump to be Treasury secretary, Scott Bescent said his policy focus would be on delivering on Trump's tax cuts, including making his first-term tax cuts permanent and eliminating taxes on tips, Social Security benefits and overtime, according to the Wall Street Journal. Bescent said the imposition of tariffs and spending cuts, as well as "maintaining...
According to the Wall Street Journal, Trump said on the 19th local time that he will nominate veteran Wall Street financier Howard Lutnick to be the commerce secretary of the next US administration, elevating one of his most outspoken supporters in the financial world to a key position. In addition, Lutnick will directly lead the office of the US Trade Representative. Lutnick is a financial services company Cantor...
According to the Wall Street Journal, a Frenchman trader identified as Théo used four anonymous accounts to bet more than $30 million on Trump's election on Polymarket, making a profit of nearly $50 million after Trump's re-election as US president on November 6. Théo believes that US polls are not accurate enough, and pollsters should use so-called neighbor polls, which ask respondents which candidate they expect their neighbors to support, and respondents will indirectly...
According to the Wall Street Journal, Iran plans to launch a powerful combined attack on Israel.
According to the Wall Street Journal, OpenAI and Bain & Company expanded their artificial intelligence partnership agreement to sell ChatGPT to the latter's customers.
According to the Wall Street Journal, U.S. officials said Sunday that the Biden administration is planning to send a THAAD anti-missile system to Israel and have the system operated by U.S. forces to strengthen the defenses of its key Middle Eastern ally.
According to the Wall Street Journal, U.S. officials say the United States no longer expects Israel and Hamas to reach a ceasefire agreement before the end of Biden's term.
According to the Wall Street Journal, Trump plans to outline a series of economic proposals in a speech on Thursday, including the introduction of a government efficiency commission suggested by Musk, a more aggressive attack on regulation than in his first term, and a promise to eliminate certain unspent funds appropriated by the Biden administration. Trump and Musk have grown closer as his political views have become more conservative. In a recent conversation, Musk...
According to the Wall Street Journal, Goldman Sachs (GS. N) will cut more than 1,300 jobs, with layoffs expected to affect 3% to 4% of its workforce.
According to the Wall Street Journal, Goldman Sachs' layoffs have already begun and will continue throughout the fall.
According to the Wall Street Journal, sources say Apple (AAPL. O) is in talks to join OpenAI in a new round of financing.
According to the Wall Street Journal, unlike gold, which has long been regarded as a global safe-haven asset, bitcoin is still considered a speculative asset. Given the volatile price of bitcoin, it is unclear whether hoarding bitcoin will bring long-term returns.