Latest News
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Silver joins the rally for new highs as gold extends its record run
Silver continued to rise, reaching a new record, and gold reached a new high. A weaker dollar, coupled with persistent geopolitical uncertainties, boosted the demand for this safe-haven. As of 1248 GMT spot gold was up 0.9% at $4,486.34 an ounce. It had previously reached a session record of $4,497.55 per ounce. U.S. gold futures for delivery in February rose by 1.1% to $4,519.90. "Expectations of a dovish Fed; markets losing confidence in?greenback; geopolitical pressures; central bank purchases .... The lust for gold among investors is still massive due to the combination?of factors mentioned above," said Carlo Alberto De Casa. The U.S. Dollar extended its losses for a second day, and was on track to record its largest annual decline since?2017. On the geopolitical side,?U.S. Last week, President Donald Trump ordered a "blockade", which would prevent all sanctioned oil tanks from entering or leaving Venezuela. He also said that he did not rule out war with Venezuela. Markets are pricing in two rate cuts by 2026, as Trump's announcement of a new Federal Reserve Chair?early next season reinforces expectations for dovish policy. Bullion prices have risen by more than 70% in the past year, as investors sought refuge from global tensions and lower interest rates. Silver spot rose 0.9%, to reach $69.63 an ounce. It had previously reached a record high of $69.98. White metal prices have risen by 141% in the past year due to a combination of supply shortages, industrial demand and new investment. Both gold and silver continue to attract strong buying. This behavior suggests that $4.500 and $70 is?being viewed less as hard limits and more as a reference point within ongoing trends. Both metals are therefore firmly supported?for now and the holidays," Ahmad Assiri said, research strategist at Pepperstone. The spot platinum price rose 2.7%, to $2,177.05. This is the highest level in 17 years. Palladium also rose 1.7%, to $1,788.33. This was in line with gold and silver. (Reporting from Pablo Sinha in Bengaluru and Arunima Kumar; editing by Subhranshu Sahu).
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Five killed as Mexican plane carrying burned children crashes near Texas coast
Five people were killed when a Mexican Navy small aircraft crashed off the Texas coast, near Galveston on Monday. The plane was part of a mission for an organization that assists?burn victims and transfers them to the U.S. for treatment. Mexico's Navy Secretariat said that the aircraft was carrying eight people: four?naval and four civilians. Two people are still alive and one person is missing. The aircraft was on an 'assignment to provide specialized medical transportation. The Michou y Mau Foundation, which helps Mexican children with severe burns, coordinated the operation. The Mexican authorities added that investigations?will be conducted to determine the causes of the crash. Reporting by Aida Pélaez-Fernandez Editing Frances Kerry
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Trump: US needs Greenland to ensure security. Envoy is appointed to 'lead charge'
Donald Trump, the president of the United States, reaffirmed on Monday the need for Greenland to ensure the national security of the United States. He said that the special envoy appointed by him would "lead" the charge. Trump appointed Jeff Landry, the governor of Louisiana, as his special representative to Greenland on Sunday. This drew criticism from Denmark and Greenland regarding Washington's interest for this mineral-rich Arctic Island. Trump has argued that Greenland should become a part of the United States. He cited its strategic importance and its mineral resources. Landry, the governor who assumed office in January 2024 publicly supports this idea. "We need Greenland not for minerals, but for national security. You can see Russian and Chinese vessels all along the coast of Greenland. It is vital for our national security. Landry wants to "lead" the charge. Mette Frederiksen, Danish Prime Minister and Jens-Frederik Nilsen, Greenland Prime Minister said earlier in a statement that Greenland belonged to Greenlanders. You cannot annex another nation. They said that they would not annex another country, even if it was a matter of?international safety'. "Greenland belongs exclusively to Greenlanders, and the U.S. will not take it over." Landry thanked Trump in a post he made on X: "It is an honor to serve... as a volunteer in this position to make 'Greenland' a part the U.S." This does not affect my position as the Governor of Louisiana! On Monday, the Trump administration increased pressure on Copenhagen by suspending leases on five large offshore wind projects, two of which were developed by Denmark's Orsted, the state-owned energy company. GREENLANDS STRATEGIC VALUE Greenland is a former Danish Colony with 57,000 people. A 2009 agreement gives it the right to declare its independence, but it remains heavily dependent on Danish subsidies and fishing. The strategic location of the country between Europe and North America is a major site for U.S. missile defence systems, while its rich mineral resources have increased U.S. interests in reducing their reliance on Chinese imports. Greenland's Nielsen posted on Facebook after Trump announced the appointment on Sunday: "We are awoken again by a new announcement made by the U.S. President." It may seem big, but for us it doesn't change anything. "We decide our own destiny." DIPLOMATIC TENSIONS ESCALATE The Danish Foreign Minister, Lars?Lokke Rasmussen, said on Monday that he will summon U.S. The U.S. Ambassador Kenneth Howery had promised "mutual respect" on a recent trip to Greenland. "Out of the blue, there is now a special U.S. Presidential representative who, according him, has been tasked to take over Greenland. Rasmussen said to TV2, "This is of course completely unacceptable." Denmark has been trying to mend strained relations with Greenland in the past year. It also tries to ease tensions between it and the Trump administration, by investing in Arctic defense to 'address U.S. critics of inadequate security. In an Instagram post, Prime Minister Frederiksen stated: "It's a tough situation that our lifetime allies are putting us into." Mikkel Vedby, a professor of political science at the University of Copenhagen said: "This appointment proves that all of the money Denmark invested in Greenland and in the defense of the Arctic as well as all of the nice things we've said to Americans have had no impact at all." Reporting by Siddharth Cavale in New York, Arathy Somasekhar, in Houston, and Jacob GronholtPedersen, in Copenhagen. Additional reporting by Anusha Shah in Bengaluru; Soren Sirich Jenppesen, Stine Jacobsen, and Steve Holland, in Palm Beach. Editing by Gareth Jones, Howard Goller.
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EU expands compensation to industry for costs of emissions regulations
It said that the European Commission would allow energy-intensive industries to get compensation to offset the cost of meeting EU emission?rules. The European Union, under pressure from some member countries and industries, has taken a number of steps to reduce the burden of climate legislation to ensure that European businesses remain competitive. The changes made on Tuesday loosen the rules for so-called state aids, which allow member states to compensate the industries for a portion of the increased power bills that result from the carbon price increase. Commission: The new guidelines will prevent "carbon leakage" which occurs when production is moved to countries outside of the EU that have weaker emission restrictions or when EU products are substituted with more carbon-intensive imports. The 'list of industrial sectors eligible to receive compensation under the EU's emissions trading system has been extended to include 20 additional sectors, such as the production?of organic chemical and certain activities in the ceramic, glass, and battery sectors. The Commission stated that the expansion was necessary because emissions costs have increased significantly in recent times, putting more industries at risk of carbon leakage. (Reporting and editing by Bart Meijer)
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Sinkholes in Turkey’s agricultural heartland cause farmers to be concerned
Due to the dwindling rain and receding water levels, hundreds of sinkholes are appearing in Turkey's agricultural central region. This is causing concern among environmentalists and farmers who view it as an?unsettling sign of climate changes. In Karapinar, Konya, sinkholes are a common sight on farmland that produces?maize?,?wheat? and sugar beet. At times, there can be more than 10 in a single field. Ancient sinkholes in mountainous regions, which were once filled with water, are now mostly dry. According to Fetullah rik, a professor of geology at Konya Technical University who studies sinkholes, the pace at which they form has increased in recent years. The total is now approaching 700. Arik explained that the main reasons for the increase are climate change and the?drought which has affected the entire world since 2000. The groundwater level is decreasing every year as a result. He stated that the rate of groundwater?levels' decline has increased to 4 to 5 metres per year compared to half an metre per annual in the 2000s. This is a cause for concern in Turkey's main agricultural sector. Local farmers are forced to dig additional wells due to the drought and the receding water table. Many of these wells are not licensed, which further depletes the groundwater. Arik added that the demand for water in the Konya basin is extremely high. There are approximately 120,000 wells without licenses compared to 40,000 licensed ones. He said that while the new sinkholes had not yet caused any deaths, they were unpredictable and could endanger the lives of the locals. In the past two years, Mustafa Sik's farm in Karapinar has been ravaged by sinkholes. Sik's brother was working at the farm, a short distance away, in August 2024, when the second sinkhole appeared with a "terrifying, extremely loud rumbling sound." Geologists on Sik's Land found two additional areas where sinkholes may form, but it is impossible to predict when they will occur. "Are we worried? He said, "Of course we are worried." Reporting by Ali Kucukgocmen, Editing by Daren and Alexandra Hudson
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AI data centers force 'peaker power' plants to be brought back into service
The demand for electricity from AI data centers is reviving peaker power plants Peakers emit more pollutants than power plants. The majority of power plants are located in minority and low-income communities By Laila Kearney Dec 23, CHICAGO - A 60s oil-fired plant rises from an industrial site behind Dvorak Park in Chicago's working class Pilsen district. In warmer weather, the park is crowded with children playing on its colorful playground or zooming down slides. Next year, the eight-unit Fisk Power Plant owned by Houston's NRG Energy is scheduled to be retired. The next step was artificial intelligence. As electricity demand from data centers outstripped existing supply, prices shot up on the country's largest power market – PJM Interconnection – alarming about power shortages and making Fisk & other plants like them suddenly profitable. Matt Pistner said that NRG's senior vice president for generation, Matt Pistner, retracted the retirement notice from eight Fisk power-generating units. Fisk is one of a growing number "peaker" units that are being used to power the U.S.'s electrical grid, with the demand for artificial intelligence from Big Tech data centers. Peakers are designed to operate in short bursts when electricity demand spikes. They help prevent blackouts because they can provide power at a moment’s notice. These fossil-fuelled facilities, which are often decades old, emit more pollution and produce more electricity when they're running. The analysis of the filings at the largest power grid in the country shows that 60% of them are for renewable energy sources. PJM has postponed, or even cancelled, plans to retire oil and gas power plants. The majority of plants that avoided shutdowns were peaker units. The Fisk Peakers were built at the site of an old coal-fired power station which operated for more than a century. The coal plant closed in more than a ten-year period after years of opposition from local residents. However, eight peaking units powered by petroleum oil still operate at the site. "We were very disappointed when we learned that the coal station was closing, but still producing power at the site," said Jerry Mead Lucero, a lifelong advocate of the closure of Fisk coal, who lived most of his adult years in Pilsen. Pollution dropped after the coal plant closed, but didn't disappear. According to the Environmental Protection Agency (EPA), sulfur dioxide levels at the site ranged between 2 and 25 tons of sulfur dioxide per year, when the peaker plant, which had eight units, occasionally fired up to feed the grid. "That is not a small amount, considering the chimneys and houses nearby," said Brian Urbaszewski. He's Director of Environmental Health Programs for Respiratory Health Association in Illinois, a nonprofit organization that helps people with respiratory diseases. DIRTY POWER According to research by the federal and academic authorities, peakers are often not equipped with pollution controls such as mercury scrubbers that remove toxic chemicals from power plant emissions and filters for particulates. Environmentalists say that some chimneys or smokestacks are lower, which means pollution is more localized. The U.S. administration of Donald Trump may be more aggressive in extending the life of peakers. It has said that it is exploring all options, including peaker plants, emergency systems and other ways to meet massively increased electricity demand. In an interview with Chris Wright in September, the U.S. Energy secretary said that there are many peaker plants which could be operated more often. He added that air quality regulations had prevented more from being run more frequently. The biggest targets today are the spare capacity in the grid. According to a U.S. Government Accountability Office report, peaker plants produce about 3% of?country's electricity, but they are capable of producing 19%. If we tap into this spare capacity, it could lead to more harmful emissions being released into neighborhoods which are already overburdened by environmental hazards. According to research by the federal government and academics, the majority of the country's peaker plants are located in communities of color with low income. This means that prolonging the life of the plants could cause more pollution to be emitted into the air. In a 2022 study, residents of "redlined" U.S. areas, who were denied financial services like mortgages because they were primarily Black or immigrants, were 53% more inclined to have a peaker built near them since 2000, compared with those in non-redlined communities. The study was led by UCLA Professor of Environmental Health Sciences?Lara Cushing. The Grid is being strained by the power demands The majority of peaker plants in the United States were built in two periods of rapid growth in energy demand: at the beginning of the 20th century, when electrical appliances became commonplace in homes; and then again in the early 2000s as computers and the economy began to grow. After the energy-sucking devices and infrastructure improved, U.S. demand for power decreased and many fossil-fired plants closed. Solar and wind farms began to provide more energy. These only work when the sun shines and the wind blows. The U.S. Congress directed the Government Accountability Office to investigate the use of peaker plant and their impact on American communities. Environmental justice groups urged the U.S. Congress to do so. According to the study, peaker natural gas plants emit 1.6 more sulfur dioxide per unit of electricity generated on a median base compared with non-peaker plants. Fisk is a part of PJM Interconnection - the largest electrical grid in the United States. It spans 13 states, and has the highest concentration of data centres anywhere on the planet. The demand from AI data centres is threatening the grid's reserves and is already driving prices up. The prices paid by PJM power suppliers to run plants during times of high demand jumped more than 800% compared to a summer ago. This made peaker power plants more profitable. Jeff Shields, PJM spokesman, said: "It's clear that the electricity demand in this country is greater than supply –?the market reflects it, and generators respond." "We can't afford to lose our existing generation, while continuing to add new generation in order to meet the needs of the data centers and other heavy loads that power the nation's economy." According to an analysis of the letters sent by power companies to PJM Interconnection, 23 oil, coal and gas power plants were set to retire in PJM territory in 2025. The letters show that since January, U.S. energy companies, grid operators, and the federal governments have postponed or cancelled retirements for 13 of these power plants. The letters showed that 11 of the plants which avoided closure were peakers. The Department of Energy ordered that the 55-year-old "Eddystone", owned by Constellation Energy and located outside of Philadelphia be kept running. PJM requested that the Wagner peaker near Baltimore be kept running while the grid operator coordinated the transmission required for the generator to be removed. Some of the power plants that were retained were originally built to provide power around-the clock, but were later downgraded so they only run in emergencies. Last Line of Defense Fisk's owner NRG Energy believes peakers are vital safeguards for grids that are increasingly needed not only for data centers, but also for electrifying manufacturing and transportation and to avoid blackouts due to winter storms or summer heatwaves. Fisk Peakers are located in Chicago, so the city does not need to import power in an emergency if outside sources of electricity go down. Matt Pistner, NRG Energy, said: "They are the shock absorbers and last line of defense for the system." When they are needed, there's nowhere else to turn. Pistner said that while NRG has power-generating sources ranging from wind and solar to nuclear, oil-fired peaks add an additional layer of security by ensuring fuel can be stored locally. A NRG spokesperson said separately that "during its run time, the power station consistently operates within federal or state environmental regulations - and we are proud to its record". Experts in energy say that there are other options to peakers. Transmission lines that are more reliable could be used to transport electricity from areas of the country where there is an excess of power, to those who have a shortage. Rusco, from the GAO, said that "if we did that, the system could run more efficiently. You would also probably reduce the amount of dependence on peakers." Clean energy advocates believe that batteries, which are being improved to store power longer, can also replace peaker units. As AI power demand increases, communities such as Pilsen that have been successful in closing some sources of pollution over the past few years may find it more difficult to combat peaker plants. John Quigley of the University of Pennsylvania Kleinman Center for Energy Policy said: "It will result in significant cost increases for consumers of electricity and local pollution, and prevent the connection of new clean energy production to the grid." PJM has said that it will continue to connect renewable energy, nuclear power and gas-fired electricity to the grid, regardless of how long peakers remain on. Shields stated that "we need to get every megawatt we can right now." He added that deactivating existing plants "ignores the reality." Northern Illinois has a growing data center market. At least one data centre is already operational in Pilsen, and there are multiple energy-intensive projects being planned for the surrounding areas. T5 Data Centers announced a 20 building campus this year. Mead Lucero is concerned that the Fisk Peaker Units will continue to exacerbate the environmental problems in his hometown. This includes industrial truck traffic emissions, metal scrappers, and a major road cutting through the area. "You combine all these factors and you have a real problem."
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Silver joins the rally for new highs as gold extends its record run
Silver continued to rise, reaching a new record, and gold reached a new high. A weaker dollar, coupled with persistent geopolitical uncertainties, boosted the demand for this safe-haven. As of 1041 GMT the spot gold price rose by 0.8%, to $4,482.70 an ounce. This follows a session high of $4,497.55 per ounce. U.S. Gold?futures, for delivery in February, rose 1% to $454.70. "Expectations of a dovish Fed; markets losing confidence in?greenback; geopolitical pressures; central bank purchases .... The lust for gold among investors is still massive due to the combination?of factors mentioned above," said Carlo Alberto De Casa. The U.S. Dollar extended its losses for a second day, and was on track to record its largest annual decline since?2017. Last week, U.S. President Donald Trump ordered a "blockade", of all sanctioned tankers entering or leaving Venezuela. He also said that he did not rule out war with Venezuela. Markets are pricing in two rate cuts by 2026, as Trump's announcement of a new Federal Reserve Chair?early next season reinforces expectations for dovish policy. Bullion prices have risen by more than 70% in the past year, as investors sought refuge from global tensions. Silver spot rose 0.9%, to $69.61 an ounce. It had previously reached a record high at $69.98. White metal prices have risen by 141% in the past year due to a combination of supply shortages, industrial demand and investment inflows. Both gold and silver are continuing to attract strong buying. This behavior suggests that $4.500 and $70 is?being treated as a reference point within ongoing trends and less as a hard ceiling. Both metals are therefore firmly supported?now and during the holidays," Ahmad Assiri said, referring to Pepperstone's research strategist Ahmad Assiri. The spot platinum price rose 3%, to $2,183.63. This is the highest it has been in 17 years. Palladium also rose 3.2%, to $1,815.76, a new three-year record, tracking gold and silver. (Reporting from Pablo Sinha in Bengaluru and Arunima Kumar; editing by Subhranshu Sahu).
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Copper nears record high on weaker Dollar and Supply Outlook
The copper price rose on Tuesday. It was near the'record highs' that were reached in the previous session. A?weaker? dollar and concerns about tighter supplies fueled speculative purchases. By 0957 GMT, the benchmark three-month copper price on London Metal Exchange had risen 0.4% to $11,971 per metric tonne. On Monday, it reached a new record high of $11,996. Copper is on track to achieve its biggest annual gain in 2009 after disruptions to mine supply and the outflow of stocks into the United States. Bets on the fact that copper demand will be boosted by the green energy shift. There is no shortage from the perspective of global supply. According to the International Copper Study Group, the market was in surplus for the first 10 months of this year. Copper has been flooding the United States. The prospect that President Donald Trump will impose an import tariff on copper refined from 2027 is a major factor in the tightening of availability for traditional consumers. Exports of copper refined from China, the world's largest metal consumer, soared in November to reach their second highest monthly level ever. More than a third were bound for the United States. Goldman Sachs predicts that the copper price will average $11,400 in 2026, with tariff uncertainty still lingering. According to the bank's base-case scenario, prices will begin to fall in the second half of 2026 and the early part of 2027 as the U.S. begins to reduce its stockpiles. Nickel, among other LME metals rose 1.7% to $15530 per ton, after reaching its highest level since October 9, on bets Indonesia would reduce its mine production in 2026. Aluminium rose by 0.5%, to $2,957 per ton. Zinc gained 0.9%, to $3,112,50. Lead was up 0.9%, at $1,988, and tin increased 0.7%, to $43,400. (Reporting and editing by David Goodman.)
Who is Trump's target?
Donald Trump, the U.S. president, has continued to criticize and take action against corporate executives, institutions and corporations, even months after assuming office. His actions, from new export deals to freezing university grants, have changed the status quo in the United States between government, law and academia.
Trump has publicly criticised a number of influential individuals and entities.
The CEO of GUNVOR will step down
Torbjorn Tornqvist, CEO of global commodity trading company Gunvor, will be
step down
Sell his entire shareholding through a management buyout. This comes after the U.S. labeled the company the "Kremlin’s puppet" because of its previous Russian connections.
On Monday, the firm announced that Americas director Gary Pedersen will take over the role. Pedersen was hired just last year by the company.
Last month, the U.S. Treasury sank Gunvor's
biggest ever deal
The acquisition of international assets owned by the Russian oil giant Lukoil, sanctioned by the United States.
Pedersen’s promotion coincides Gunvor’s efforts to improve its relations with the U.S.
Hold active discussions
In recent weeks, investors have invested in U.S. oil-and-gas producing assets.
GOLDMAN SACHS
Goldman's Economic Research arm published a report in August that stated U.S. Consumers had absorbed 22 percent of tariff costs up to June. Their share could increase to 67%, if recent levies continue the same pattern.
Trump stated shortly after that "David Solomon, and Goldman Sachs, refuse to give credit when credit is due." In a post made on Truth Social.
Trump claimed that "mostly, companies and governments, some of which are foreign, pick up the tab". Solomon's former hobby of DJing was also criticized by Trump.
Trump asked Intel CEO Lip-Bu Tang to resign in early August because of China ties. In April, it was reported that Tan had invested $200 million into hundreds of Chinese chip and advanced manufacturing firms, including some linked to the Chinese military.
"The CEO at INTEL has a great deal of CONFLICT and must resign immediately." Trump stated in a Truth Social post that there is no solution to the problem.
Tan replied to Trump by saying that he shared Trump's commitment to advance U.S. economic and national security, and that the Intel Board was "fully supportive" of the transformation work our company is doing.
After a meeting with Tan, Trump praised him and the U.S. Government decided to buy a stake in this chipmaker.
MICROSOFT
Trump said in September that the tech company should fire Lisa Monaco, its global affairs director who has served in previous Democratic administrations.
Trump stated on Truth Social that "She is a threat to U.S. National Security" due to the large contracts Microsoft has with the United States Government. "In my opinion, Microsoft should terminate Lisa Monaco's employment immediately."
Trump stated that Monaco's position at Microsoft would allow her to access highly sensitive information. "This kind of access cannot stand," said Trump.
Monaco, who joined Microsoft in July, worked as a security adviser in the former president Barack Obama’s administration. He also served as deputy attorney general under former president Joe Biden.
Elon Musk, the billionaire CEO of Tesla's electric car company, spent hundreds of million dollars to support Trump's reelection. Investors who bid up Tesla's stock anticipated that this move would benefit Musk's empire.
Musk and Trump fell out, however, in June, after Musk criticised Trump's tax-cutting and spending bill, claiming that it would increase the federal debt.
Musk responded to Trump's comments on Truth Social by threatening to cut off federal contracts and subsidies to Musk's businesses. Trump also said that the billionaire had "gone CRAZY", after the bill was amended to remove the mandate for electric vehicles.
JAGUAR LAND RIDER
Trump criticised Jaguar's rebranding campaign in August. He called the campaign "woke", "stupid" and linked it to the departure from the CEO of the company.
Trump's remarks came at the same time that Tata Motors announced the retirement from the British automaker of Adrian Mardell who had spent over three decades with the company.
Jaguar unveiled last year a new visual identity and logo as part of its brand refresh to reposition itself as an electrical automaker. This move sparked a backlash online and was criticized by brand loyalists.
Trump has threatened tariffs on Apple and Tim Cook for selling iPhones in the U.S. outside of the country.
After a meeting with Cook in Doha, Qatar in May, Trump said that he confronted him about Apple's plans to manufacture the majority of iPhones sold in America in factories in India by 2026.
In a post on social media, Trump said he had told Cook "long time ago" "I expect that their iPhones will be sold in America, and not in India or anywhere else".
Early in August, Trump announced that Apple would invest another $100 billion dollars in the U.S. This will bring its total commitment domestically to $600 billion within the next four-year period. Cook gave Trump an American souvenir made with 24-karat-gold base.
AMAZON.COM
Trump complained to Jeff Bezos, former CEO of Amazon.com in April about a report that stated the company would display the prices to show the impact tariffs have on the ecommerce retailer Amazon.com.
Amazon, however, said that it only briefly considered charging import fees for certain goods following Trump's announcement of tariffs in April, but abandoned the plan after the White House accused Amazon of a hostile political act.
Trump told reporters later that Bezos "very quickly" solved the problem and was "very nice".
BANK OF AMERICA & JPMORGAN CHASE
In August, Trump claimed that JPMorgan CEO Jamie Dimon and BofA CEO Brian Moynihan discriminated against him. He had earlier said that they didn't provide banking services for conservatives.
In a video speech at the World Economic Forum, Trump stated, "What you are doing is wrong." In a question and answer session with CEOs and corporate leaders assembled on stage, Trump did not provide any evidence of wrongdoing.
Dimon, the CEO of JPMorgan Chase was also mentioned. "You, Jamie and everyone, I hope you are going to open your bank up to conservatives." Both lenders have repeatedly denied allegations of "debanking."
WALMART
Trump stated in May that Walmart, China and other retailers should "eat tariffs" to avoid burdening American consumers. This was after Doug McMillon had said the retailer couldn't absorb all tariff-related cost due to narrow retail margins.
Walmart should STOP blaming tariffs for the price increases across the chain. Walmart made BILLIONS of DOLLARS in the last year. This was far more than anticipated, Trump wrote on social media.
Trump didn't call McMillon out personally but he did publicly criticize Walmart for attributing the price increases in May to the tariffs his administration imposed.
CRACKER BAREL
A retail chain was blindsided by an unexpected reaction when it changed its logo to remove the image of a man in overalls known as "Uncle Herschel", leaning on a barrel.
Cracker Barrel announced in late August that it would stick with its decades old logo. Plans for a brand new one were scrapped after social media backlash from the U.S. president Donald Trump, among others.
"Congratulations Cracker Barrel on restoring your original logo. "All of your fans are very appreciative," Trump said after the company reversed its decision on Truth Social.
COMCAST
Trump criticised Comcast's cable news network MSNBC over its coverage of his government. Trump told reporters that MSNBC was changing its name to MS NOW because the network's owners were ashamed.
Trump called Comcast "weak, ineffective and headed by Brian Roberts" last week.
SMITHSONIAN INSTITUTION
In anticipation of the U.S. 250th Anniversary, the White House announced that it would lead an internal review for some Smithsonian Museums and Exhibitions. Declaration of Independence.
In an executive directive issued in March, Trump stated that the institution was under the influence of "divisive and race-centered ideologies" over the past few years.
HARVARD UNIVERSITY
Trump has targeted the oldest and wealthiest university in the United States, canceling federal grants worth $2.5 billion and mounting efforts to stop research funding for Harvard. This is part of an overall campaign to change U.S. Universities, which Trump claims are dominated by antisemitic, "radical-left" ideologies.
We are going to take away Harvard's tax exempt status. "It's what they deserved!" In May, Trump posted a message on his social media platform.
Trump announced on September 30, that after months of negotiation over school policies, his administration is close to an agreement with Harvard University. The deal would include a payment of $500 million by the Ivy League university.
COLUMBIA UNIVERSITY
The Trump administration announced in March that it would cancel $400 million of federal funding to Columbia University for how it handled the protests last year.
This is just the beginning of many arrests to come. "We know that there are many more students at Columbia University and other Universities in the Country who have engaged pro-terrorists, antisemitic and anti-American activities, and the Trump Administration won't tolerate it," Trump wrote in a post on social media.
These comments were made after the arrest Mahmoud Khalil, a Palestinian graduate who was a major participant in the protests.
In July, the University announced that it would pay more than $200 million in settlement to the U.S. Government as part of a deal with Trump's Administration.
LAW FIRMS
Trump issued an executive order in March that restricted access to federal facilities and suspended security clearances of its employees due to their ties with Hillary Clinton and DEI policy.
Trump said that it was an "absolute honor" to sign the order. Trump had also issued a similar order in March against the New York law firm Paul, Weiss, Rifkind, Wharton & Garrison, which he subsequently retracted after reaching a settlement.
In February, the law firm Covington & Burling was confronted with Trump's Presidential Memorandum, which suspended all security clearances of Peter Koski, and Covington employees, who had assisted former Special Counsel Jack Smith in prosecuting Trump.
Covington has said that it will continue to represent Jack Smith in spite of these measures.
Trump said, "We will continue to hold those who are responsible for weaponizing government and who supported this accountable."
THE NEW YORK TIMES PENGUIN RANDOM HOUSE
Trump has filed a $15 Billion lawsuit
defamation lawsuit
In September, he filed a lawsuit against the New York Times as well as book publisher Penguin Random House. He accuses these major media companies of unfairly treating him.
THE WALL STREET JOURNAL
Trump sued
The Wall Street Journal, its owners and employees
Rupert Murdoch was sued in July by the New York Times for $10 billion over a report that revealed that his name appeared on a 2003 greeting to Jeffrey Epstein, which included a sexually explicit drawing and references to secrets that they shared. (Reporting by Deborah Sophia, Juveria Tabassum, Niket Nishant, Shivansh Tiwary, Savyata Mishra, Kritika Lamba, Arsheeya Bajwa, Zaheer Kachwala, Puyaan Singh, Pooja Menon and Dharna Bafna in Bengaluru; Editing by Anil D'Silva, Sriraj Kalluvila and Arun Koyyur)
(source: Reuters)