Author: Press Room

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldWall Street is warning that a little-publicised provision in Donald Trump’s budget bill that allows the government to raise taxes on foreign investments in the US could upend markets and hit American industry.Section 899 of the bill that the House of Representatives passed last week would allow the US to impose additional taxes on companies and investors from countries that it deems to have punitive tax policies. It could raise taxes on a wide range of foreign entities, including US-based companies…

Our co-host Rob Armstrong has been talking about the “Taco trade” (Trump Always Chickens Out) for a few weeks, and on Wednesday a journalist asked the US president about it. Trump did not like the question, not one bit. But the internet did. Now traders are worried Trump might not chicken out. Did Rob just crash the US economy? And, if so, would he like to apologise? Also, Katie goes long Elon Musk returning to his day job, and Rob goes short his 15 minutes of fame. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.You can…

Connor McDavid and Edmonton are heading to the Stanley Cup final after wrapping up the Western Conference final in Game 5 against Dallas.The Oilers beat the Stars 6-3 on Thursday to make their second successive Stanley Cup Final.McDavid had a breakaway goal and an assist, while 40-year-old Corey Perry scored again as the Oilers earned a rematch against defending Stanley Cup champion Florida after a seven-game series last June.Game 1 is Wednesday night in Edmonton.Edmonton scored on their first two shots, and jumped ahead 3-0 in the first 8:07 on way to eliminating the Stars in the West final for…

HONG KONG: Asian shares fell Friday (May 30) after a US appeal court gave Donald Trump’s sweeping tariffs a temporary reprieve, fanning uncertainty a day after judges had ruled the controversial measures were unconstitutional. The losses reversed a rally across world markets the previous day as analysts warned that the legal wrangling could compound volatility and throw trade talks between Washington and other governments. While the tariffs have been stalled and are set to go through the courts – and possibly end up at the Supreme Court – there are expectations that the US president will find other means to…

These are the key events on day 1,191 of Russia’s war on Ukraine.Here’s where things stand on Friday, May 30: Fighting The Russian army said on Thursday that it had captured three villages in Ukraine’s Donetsk and Kharkiv regions in its latest advance. Authorities in Ukraine said Russia had fired 90 drones overnight and at least seven people were killed in drone, missile and artillery strikes across five front-line Ukrainian regions. Russia said it had repelled 48 Ukrainian drones overnight, including three near Moscow. Drones made a night-time attack on Russia’s western Kursk region, damaging a hospital and apartment buildings,…

Elon Musk is finishing his official role in the Trump administration, but if President Trump’s latest Truth Social post is any indication, the billionaire isn’t going far.”I am having a Press Conference tomorrow at 1:30 P.M. EST, with Elon Musk, at the Oval Office,” Trump posted Thursday. “This will be his last day, but not really, because he will, always, be with us, helping all the way. Elon is terrific!”Musk’s government service will end May 30, the legal 130-day limit for his “special government employee” designation. He was appointed in January to head the Department of Government Efficiency (DOGE), created…

A Maryland teen who allegedly broke into 121 cars in a single night was released within five hours of his arrest and local authorities say they are furious because the state considers the crimes to be “lower level,” so consequences are not expected.The unidentified 16-year-old boy was arrested last week by the Laurel Police Department after it received multiple reports of break-ins on May 4. The crimes took place in Laurel and nearby Howard County. Surveillance footage captured three teens roving around in a stolen car and smashing the windows of vehicles they came across, police said.”I have little hope there…

With measles making an alarming comeback across the country, more Canadians believe vaccines should be mandatory for kids in school, but a significant number of parents still aren’t convinced, according to a new poll. Polling by Angus Reid, published Thursday, shows support for mandatory childhood measles vaccination has jumped over the past year, yet one in five parents remain hesitant or opposed.While most provinces don’t require vaccines for school entry, Ontario and New Brunswick do mandate proof of immunization for kids attending school or daycare.Nearly seven in 10 Canadian adults — and 60 per cent in Alberta — said kids…

NEWYou can now listen to Fox News articles! Todd Chrisley looked happy as he went on his first public outing on Thursday following his release from prison. The 56-year-old was seen heading into a Nordstrom in Nashville, Tennessee, with his family, including his daughter, Savannah, who had fought for her parents’ release. Earlier in the day, Savannah was seen with her mom Julie.The “Chrisley Knows Best” star, along with his wife Julie, received a full pardon from President Donald Trump this week following their 2022 conviction on fraud and tax evasion charges. The couple were convicted of conspiring to defraud community banks…

Jakub Porzycki | Nurphoto | Getty ImagesThe SEC has formally dropped its lawsuit against Binance and founder Changpeng Zhao, bringing an end to one of the last remaining crypto enforcement actions brought by the agency.In a Thursday filing in the U.S. District Court for the District of Columbia, lawyers for the SEC and Binance jointly moved to dismiss the case, which was first brought in June 2023.The original complaint accused the crypto exchange of violations including illegally serving U.S. users, inflating trading volumes, and commingling customer funds. The agency also claimed that Binance unlawfully enabled trading in crypto assets it…