06 Market

Australia’s ‘biggest defence export’ was meant for the US first, but Canada snuck past Trump – ABC News
Source Link
Excerpt:

For months, senior officials have been discussing exporting Australia’s world-leading radar technology JORN to the United States, but after Donald Trump’s return to the White House, Canada saw an opportunity and leapt.

Overnight, new Canadian leader Mark Carney spoke to his counterpart, Anthony Albanese, then flew to his country’s Arctic territory of Nunavut to announce a $6.5 billion high-tech Australian military purchase.

“Today, I’m announcing that our government will be working with our long-standing defence and security partner Australia to build a new, long-range, over-the-horizon military radar system,” he said.

“[It] will enable Canada to detect and respond to both air and maritime threats over our Arctic both faster and from further away. It will most fundamentally keep all Canadians safe.”

Supreme Court Will Review Ban on LGBTQ ‘Conversion Therapy’ – MSN
Source Link
Excerpt:

The US Supreme Court agreed to consider whether scores of state and local governments are violating the Constitution by barring licensed counselors from trying to change a child’s sexual orientation or gender identity.

The justices said they will hear a challenge to Colorado’s ban on what critics call “conversion therapy.” A counselor says the 2019 law violates her free speech rights.

Exclusive | Anti-Tesla protests funded by big time California Dem donor – whose ex-husband is close pal of Elon Musk – New York Post
Source Link
Excerpt:

Anti-Tesla protests are being fueled by a Democratic mega-donor — whose ex-husband is one of Elon Musk’s closest pals.

Billionaire Steve Jurvetson, 58, was an early investor in Tesla, served on its board until December 2020 and continues to sit on Musk’s SpaceX board. However, his ex-wife, California psychiatrist Karla Jurvetson, 58, doled out more than $500,000 to Indivisible Action, a political action group linked to a nonprofit directing the protests against Musk, according to public records.

Indivisible, a Washington-based advocacy group, is sponsoring “Musk or Us” demonstrations across the country this week. The group offers a “toolkit” on its website featuring graphics and anti-Tesla protest signs as well as information about how to conduct town halls.

Why Millions Of Americans Are Tapping Their 401(k) Savings Early– finance.yahoo.com
Source Link
Excerpt:

A growing share of Americans are dipping into their retirement nest eggs to handle immediate financial challenges, underlining the economic strain many households are experiencing despite strong employment figures.

Last year, 4.8% of 401(k) account holders took early withdrawals for hardship reasons like paying medical bills or paying their home mortgage, according to data from Vanguard Group. It marks an all-time high, jumping from 3.6% the previous year and more than doubling the typical pre-COVID rate of about 2%.

Trump doubles down on tariffs as stocks sink: ‘not going to bend’– www.cnbc.com
Source Link
Excerpt:

 

President Donald Trump on Thursday doubled down on his escalating tariff plans, even as his economic agenda continued to rattle investors and contribute to a weekslong stock market sell-off.

“I’m not going to bend at all,” Trump said when asked about his tariff plans during an Oval Office meeting with NATO Secretary General Mark Rutte.

Trump specifically said he would not change his mind about enacting sweeping “reciprocal tariffs” on other countries that put up trade barriers to U.S. goods. The White House has said those tariffs are set to take effect April 2.

Trump’s comments came as major stock indexes continued to tumble Thursday, with the S&P 500 falling 10% from its recent highs and entering correction territory.