GOP Rep. Don Bacon to retire

GOP Rep. Don Bacon to retire

Rep. Don Bacon, R-Neb., talks with reporters after a meeting of the House Republican Conference in the U.S. Capitol on Tuesday, November 14, 2023. Tom Williams | CQ-Roll Call, Inc. | Getty Images Rep. Don Bacon, a centrist Republican in Nebraska, is preparing to announce his retirement from Congress. Bacon’s retirement from Congress creates a…

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Gabelli Funds highlights the AI stocks to buy as craze continues

Gabelli Funds highlights the AI stocks to buy as craze continues

The trillion-dollar investment cycle into generative artificial intelligence is only just beginning, and is already starting to pay off, according to John Belton, portfolio manager at Gabelli Funds. Tech companies are set to invest roughly $1 trillion in capital expenditures into AI infrastructure over the coming years, causing some investors to worry the businesses may…

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Trump ends all U.S. trade talks with Canada over digital services tax

Trump ends all U.S. trade talks with Canada over digital services tax

President Donald Trump on Friday said the United States is immediately “terminating ALL discussions on Trade with Canada” in response to Ottawa’s decision to impose a digital services tax on American tech firms. Trump’s surprise announcement on Truth Social accused Canada of “copying the European Union” with the “egregious” tax. “We will let Canada know…

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Trump speaks after Supreme Court birthright citizenship ruling

Trump speaks after Supreme Court birthright citizenship ruling

The Supreme Court on Friday limited federal judges from issuing universal injunctions, which had been used to block President Donald Trump from implementing his executive order ending birthright citizenship. The 6-3 decision, which divided the conservative-majority court along ideological lines, clears the way for the Trump administration to push forward with its efforts to unilaterally upend longstanding U.S. citizenship rules and…

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China, U.S. agree on implementing Geneva consensus, building on London framework, Beijing says

China, U.S. agree on implementing Geneva consensus, building on London framework, Beijing says

China’s Ministry of Commerce in Beijing. Visual China Group | Getty Images The U.S. and China have further confirmed the details of the trade agreement reached by both sides earlier this month in London, which will implement the Geneva consensus, according to a statement released by China’s Ministry of Commerce Friday afternoon. China will review…

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