Author: News Room
Fox News was far and away the most-watched TV network during President Trump’s inauguration on Monday, a sign of both the channel’s dominance in cable news and the overall drop in Americans who rely on television to keep up on current events.A peak of 34.4 million people tuned in live to watch Mr. Trump’s lunchtime swearing-in on the major TV networks, according to statistics from Nielsen. The peak TV audience was down from the nearly 40 million viewers who watched former President Joseph R. Biden Jr.’s speech in 2021, and the 38.3 million who watched Mr. Trump’s first inaugural speech…
President Trump said on Tuesday that he intended to impose a 10 percent tariff on Chinese imports into the United States on Feb. 1, a decision that is sure to escalate trade tensions between the world’s largest economies.Speaking at the White House, Mr. Trump said that the tariffs were in response to China’s role in America’s fentanyl crisis. Mr. Trump said that China was sending fentanyl to Canada and Mexico, from where it would be transported into the United States.The tariff threat comes after Mr. Trump said on Monday that he planned to impose a 25 percent duty on imports…
President Trump on Tuesday granted a pardon to Ross Ulbricht, the creator of the Silk Road drug marketplace and a cult hero in the cryptocurrency and libertarian worlds.In doing so, Mr. Trump fulfilled a promise that he made repeatedly on the campaign trail as he courted political contributions from the crypto industry, which spent more than $100 million to influence the outcome of the election. A Bitcoin pioneer, Mr. Ulbricht, 40, was sentenced to life in prison without the possibility of parole in 2015, after he was convicted on charges that included distributing narcotics on the internet.“I just called the…
Automakers ship billions of dollars’ worth of vehicles and parts across the U.S. borders with Canada and Mexico every day. President Trump’s plan for 25 percent tariffs on imports from those countries could severely disrupt those operations.On Monday, hours after his inauguration, Mr. Trump said he planned to impose the tariffs beginning Feb. 1. Now the question is whether he will follow through — or what terms might keep him from doing so.“Most people in the industry are waiting to see what happens and to see what the administration is looking for from Canada and Mexico,” Mark Wakefield, global automotive…
President Trump is moving to restructure the nation’s energy future to block any transition away from fossil fuels. And he is testing the boundaries of presidential power to do it.The orders that Mr. Trump signed on Monday would make it easier and cheaper for companies to produce oil and gas and for the government to stop clean energy projects that have been approved.While some actions lie within his purview, others may violate federal law or run counter to judicial decisions. Among other things, Mr. Trump raised the possibility of reversing the Environmental Protection Agency’s authority to regulate greenhouse gases, which…
Netflix ended 2024 with 302 million global subscribers and an annual operating income exceeding $10 billion for the first time in the company’s history, the streaming giant said on Tuesday.The company said those results were buoyed by programming in recent months that surpassed internal expectations: Season two of “Squid Game” will be one of the company’s most-watched original seasons ever; “Carry-On” landed in the platform’s Top 10 most-viewed movies; and both the “Jake Paul vs. Mike Tyson” fight and the N.F.L. games racked up huge audiences.Netflix added 19 million new subscribers in the final quarter of the year, its biggest…
When President Trump signed an executive order to withdraw the United States from the Paris climate agreement on Monday as part of his flurry of moves upon taking office, it represented a shot across the bow of the world leaders and chief executives gathered in Davos, Switzerland.Many of the political and business figures attending the World Economic Forum’s annual conference support efforts to combat climate change, including the Paris Agreement, which almost all nations agreed to in 2015. Pulling the United States out of the pact is a signal of both the administration’s lack of concern about rising planet-warming emissions,…
If President Trump has his way, the auto industry’s transition to electric vehicles will soon slam into reverse. He will erase tax credits for electric vehicle purchases, federal grants for chargers, and subsidies and loans to help retool assembly lines and build battery factories.Executive orders issued by Mr. Trump on Inauguration Day amount to a sweeping repudiation of a centerpiece of former President Joseph R. Biden Jr.’s multibillion dollar program to address climate change, which Republicans cast as a campaign to ban gasoline cars.The orders also present a challenge to automakers that have invested billions of dollars in electric vehicles,…
President Trump has promised to generate a “massive” amount of revenue with tariffs on foreign products, an amount so big that the president said he would create a new agency — the External Revenue Service — to handle collecting the money.“Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens,” Mr. Trump said on Monday in his inaugural address, where he reiterated a promise to create the agency. “It will be massive amounts of money pouring into our Treasury coming from foreign sources.”Much about the new agency remains unclear, including…
The C.E.O. inauguration crowd In a stark display of money and power, the three wealthiest men on the planet lined up on Monday in the Capitol Rotunda to witness Donald Trump being sworn in as the 47th president.The message was clear: With a president in office who wants to be known as a deal maker, Washington is open for business.The three men, Elon Musk, Jeff Bezos and Mark Zuckerberg, collectively worth close to a trillion dollars, were seated in front of Trump’s cabinet picks and behind his family, creating what might be a hierarchy of influence. (Sundar Pichai, the billionaire…