Trump’s Latest Tariffs on Canada, Mexico and China Could Be His Biggest Gamble

Los Angeles County sued Southern California Edison and its parent company for the deadly Eaton fire, with Pasadena and Sierra Madre also filing suits. Edison is facing numerous lawsuits related to the fire that killed 17 people and destroyed thousands of buildings. The official cause of the fire is still under investigation, but evidence points to Edison equipment as the source, prompting the utility to conduct its own investigation. Full Article

South Africa is preparing a new trade offer for President Trump, aiming to appeal to his transactional foreign policy approach and ease tensions. The country plans to propose a bilateral trade deal with the U.S. to replace the expiring African Growth and Opportunity Act, highlighting sectors like energy. Despite recent disagreements, South African officials hope a favorable trade agreement will help maintain close economic ties with the U.S. and address contentious issues such as the...

Reddit co-founder Alexis Ohanian, 41, and former rival Kevin Rose, 48, are teaming up to relaunch Digg, a social and link-sharing website founded by Rose in 2004. The new Digg will feature AI content moderators, a unique feature not yet implemented by Reddit, aiming to combat spam and filter content more effectively. The platform, set for a mobile-first relaunch, has garnered over 175,000 sign-ups, with Justin Mezzell appointed as CEO and investments from Seven Seven...

In a recent development, Congress has granted the president the authority to impose new taxes, specifically in the case of President Donald Trump's new tariffs. While the U.S. Constitution gives Congress the power to regulate commerce and set tariffs, it has delegated these powers to the president, who can now make decisions regarding trade barriers. This shift in power has allowed the executive branch to both reduce barriers to trade and enforce tariffs when necessary....

The US has halted intelligence-sharing with Ukraine, potentially impacting their ability to target Russian forces following a breakdown in US-Ukraine relations and suspension of military aid deliveries. This move could seriously hamper Ukraine's military capabilities, as US intelligence has been crucial for identifying and striking Russian military targets. Washington has frozen intelligence channels with Kyiv, according to three officials, in a developing story with significant implications for the region. Full Article

The "Trump trade" optimism that boosted the S&P 500 has faded in 2025, leading to negative sentiment and a return to pre-election levels. The emergence of Chinese chatbot DeepSeek has challenged US tech dominance, impacting stock performance. Retaliatory tariffs from Canada, China, and Mexico have escalated trade tensions. The economic impact of tariffs could lead to increased costs for consumers and slower growth. Markets rallied on hopes of a rollback in tariff policy, reflecting investor...