Source Link
Excerpt:The clash over President Donald Trump‘s bid to exercise unprecedented powers in deporting migrants deepened Sunday as he again bashed the judiciary, while a top Democrat warned the country was “closer and closer” to a constitutional crisis.
The latest events followed a dramatic intervention by the Supreme Court in the pre-dawn hours of Saturday to temporarily block Trump‘s use of an obscure law to deport Venezuelan migrants without due process.
Trump lashed out Sunday on his Truth Social platform, not specifically naming the high court but slamming the “WEAK and INEFFECTIVE Judges and Law Enforcement Officials who are allowing this sinister attack on our Nation to continue, an attack so violent that it will never be forgotten!”
Samuel Alito, one of two conservative high-court justices to vote against the halt, called the emergency ruling by the court’s majority “legally questionable.”
“Literally in the middle of the night, the Court issued unprecedented and legally questionable relief… without hearing from the opposing party,” Alito wrote in his dissent.
Live Events
06 Market
Source Link
Excerpt:
The national retail giant will pay $1.325 million to buy the Southlake-based home finishings company from a private equity firm, according to an April 14 announcement.
Elon Musk’s 28-year-old DOGE lieutenant dismantled USAID. Now it’s taking place at the State Department – Fortune
Source Link
Excerpt:
The Trump administration has expanded the power of adviser Elon Musk’s government-cutting team over the State Department, making a Musk lieutenant acting head of foreign assistance.
A senior U.S. official confirmed the new job for Jeremy Lewin, an associate of the Department of Government Efficiency earlier appointed to help finish dismantling the U.S. Agency for International Development. The official was not authorized to comment publicly on a personnel matter and spoke on condition of anonymity.
The move comes as President Donald Trump’s administration is pushing to greatly reduce what in 2024 was $52 billion in humanitarian, health and development programs overseas by the State Department and USAID. Lewin’s appointment gives Musk’s team, which has worked with the Republican administration to make deep cuts to government programs and services, one of its highest formal positions in the federal government.
Source Link
Excerpt:
President Donald Trump received mixed reviews from the public regarding his handling of economic matters, according to a new poll.
A CBS survey polled voters last week after Trump imposed sweeping global tariffs and then negotiated “fairer” trade deals with foreign countries to carry out his “America First” agenda. As a result, the stock market had a volatile week, losing $6 trillion at one point. It has since recuperated partially, though market anxieties remain.
The survey highlighted conflicting feedback from the public. When asked about the impact of Trump’s tariffs, some voters said they raised prices in the short term but could pay off with a healthier economy in the future. However, 65% of voters said they would make the economy worse in the short term. That number fell to 42% when voters were asked about the long-term implications of the tariffs. Only 8% said the tariffs would make the economy better in the short term, compared to 34% who believe Trump’s trade policies would help the economy in the long term.
Source Link
Excerpt:
More than half of Americans believe that billionaire businessman Elon Musk has too much influence over the federal government under President Donald Trump, according to the findings of a new national poll. The survey also found a sharp division along party and ideological lines.
Fifty-six percent of Americans believe that Musk has too much influence, while only 6% believe he has too little influence, according to the findings of the latest UMass Amherst National Poll.
Similarly, 56% believe both technology companies and Wall Street have too much influence over the government. Fifty-nine percent reported holding the same belief about health insurance companies.
Source Link
Excerpt:Over the course of April 7-13, cargo handled by China has dropped by 9.7 percent.
Cargo going through ports in China has dropped by 9.7 percent in the second week of April, indicating that tariffs implemented by the Trump administration have been hammering the country’s exports to the US.
Over the course of April 7-13, cargo traffic dropped by 9.7 percent to 244 million tons, according to the Wall Street Journal. The week prior, when President Donald Trump implemented his reciprocal tariffs, there was only a drop of 0.88 percent.
Container throughput dropped by 6.1 percent, the Journal reported, reversing an increase of 1.9 percent the week prior. The outlet reports that there has been a steady increase in port volumes since January 2025, and the last couple weeks have seen that reverse.
Source Link
Excerpt:
The postponement is reportedly linked in part to discussions over the future of the sabotaged Nord Stream pipelines
The EU will once again delay plans to eliminate its dependence on Russian energy, amid ongoing debates within the bloc over the future of the Nord Stream 1 and 2 pipelines, the Financial Times has reported.
Nord Stream 1, which once delivered Russian natural gas to Germany, and Nord Stream 2 were damaged in a sabotage attack in 2022. However, one string of Nord Stream 2 remains intact. Talks of potentially reviving the pipelines have resurfaced amid recent joint efforts by Russia and the US to end the Ukraine conflict.
Originally slated for release in February, a roadmap detailing steps for cutting the EU’s energy reliance on Russia by 2027 was first put off until March and is now expected to be unveiled in May, the outlet said on Tuesday.
Source Link
Excerpt:
The Trump administration is gearing up for significant economic shifts, with its proposed tariffs said to be setting the stage for a potential overhaul of the Federal Reserve’s (Fed) leadership.
Like Gary Gensler’s ouster at the SEC (Securities and Exchange Commission), reports indicate that Fed chair Jerome Powell may face a similar fate with discussions starting long before his term ends.
Jerome Powell’s Exit Planned As Trump Tariffs Spell Economic Hardship
Treasury Secretary Scott Bessent announced the Trump administration’s plans to interview candidates to replace Fed Chair Jerome Powell.
Source Link
Excerpt:
China has suspended exports of a wide range of critical minerals and magnets, threatening to choke off supplies of components central to automakers, aerospace manufacturers, semiconductor companies and military contractors around the world.
Shipments of the magnets, essential for assembling everything from cars and drones to robots and missiles, have been halted at many Chinese ports while the Chinese government drafts a new regulatory system. Once in place, the new system could permanently prevent supplies from reaching certain companies, including American military contractors.
The official crackdown is part of China’s retaliation for President Trump’s sharp increase in tariffs that started on April 2.
Source Link
Excerpt:
In an interview with online outlet Unherd, the US vice president told Sohrab Ahmari:
We’re certainly working very hard with Keir Starmer’s government. The president really loves the UK. He loved the queen. He admires and loves the king. It is a very important relationship. And he’s a businessman and has a number of important business relationships in [the UK].
But I think it’s much deeper than that. There’s a real cultural affinity. And of course, fundamentally America is an Anglo country. I think there’s a good chance that, yes, we’ll come to a great agreement that’s in the best interest of both countries.