Comment on European, Asian Shares Drop, US Futures Fall; Intel Slides - Bloomberg

Pete Hegseth, the former Fox News host whom Donald Trump has nominated to be Defense Secretary, came under fire on Tuesday during his Senate confirmation hearing, where he faced questions about his history of alleged sexual assault and excessive drinking, his views on women in the military, and his role in the pardoning of men accused of war crimes.

Open thread below read more

by Ariana Figueroa, Oregon Capital Chronicle January 10, 2025 WASHINGTON — With a little over a week before the end of President Joe Biden’s term, his administration extended humanitarian protections for nationals from four countries Friday before President-elect Donald Trump, who has promised an immigration crackdown, returns to the White House. The U.

WASHINGTON — President-elect Donald Trump on Tuesday announced plans to create a new agency called the External Revenue Service to collect tariffs and other revenues from foreign nations. “We will begin charging those that make money off of us with Trade, and they will start paying,” Trump said Tuesday on his social media site, Truth Social.

If the Israel-Hamas ceasefire deal goes according to the current draft, then fighting will stop in Gaza for 42 days, and dozens of Israeli hostages and hundreds of Palestinian prisoners will be freed. In this first phase Israeli troops will pull back to the edges of Gaza, and many Palestinians will be able to return to what remains of their homes as stepped-up aid flows in. [time-brightcove not-tgx=”true”] The question is if the ceasefire will survive beyond that first phase. That will depend on even more negotiations meant to begin within weeks.

The U. S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site. As a result, the SEC alleges, Musk was able to underpay “by at least $150 million” for shares he bought after he should have disclosed his ownership of more than 5% of Twitter’s shares.