Trump to Impose 25% Tariffs on Steel and Aluminum

The second Trump presidency has started with mass firings, tariff threats, and budget negotiations, causing uncertainty among investors despite initial market confidence. Extension of tax cuts is expected, but the cost remains a concern, leading to discussions on potential spending cuts. The bond market remains calm amidst trade tensions, as Treasury Secretary Scott Bessent's policies and cost-cutting efforts by Elon Musk's DOGE initiative aim to shape the economic outlook and deficit reduction strategies. Full Article

Elon Musk, CEO of Tesla, is making preparations to enter the Indian automobile market by forming a local subsidiary and establishing relationships with India's prime minister. Despite facing high import tariffs and competition from local manufacturers, Tesla is prospecting for commercial real estate and is hiring for positions in Mumbai and New Delhi. Musk has long expressed interest in India, and with President Trump's support, Tesla may soon be able to sell electric cars in...

US oil producers, including Continental Resources' Harold Hamm, are hesitant to invest in Russia despite talks of a peace deal, citing past losses and geopolitical risks. ExxonMobil and Chevron have previously scaled back operations in Russia due to sanctions, with analysts cautioning against hasty returns. Hamm supports Trump's tough stance on sanctions and tariffs, emphasizing US LNG exports for European energy security and praising the president's accomplishments in his first term. Full Article

Patsy Grimaldi, a pioneer in artisan pizza, passed away at 93 in Queens. He started selling pies in 1990 under various names before settling on Juliana's Pizza, known for its coal-fired pies and fresh ingredients. Despite legal battles and changes in ownership, his legacy lives on in the bustling pizzerias he founded in Brooklyn. Full Article

Entrepreneur contributors emphasize the importance of utilizing AI to boost revenue and efficiency in marketing. The video highlights 4 key AI automations, including content research, AI chatbots, lead generation, and sales automation. Viewers are encouraged to download the free 'AI Success Kit' for practical guidance on integrating AI into their marketing strategy and receive a chapter from Ben's new book on thriving in an AI-driven world. Full Article

Active fund managers have struggled in recent years due to the dominance of Big Tech stocks, making it challenging to outperform benchmarks. Passive ETFs remain popular for investors seeking comparable performance with lower fees. The latest Spot the Dog report from Bestinvest reveals that 137 active funds in the UK have consistently underperformed their benchmarks over the past three years, amounting to over £67 billion in assets under management. Full Article