ibt-mailNov 26, 2024, 9:52 AM

Trump Proposes Steep Tariffs On Canada, China And Mexico

Newsletter Nov 26, 2024 Quick Six Trump proposes steep tariffs on Canada, China and Mexico President-elect Donald Trump on Monday he said he intends to impose costly tariffs on goods from Mexico,

Newsletter Nov 26, 2024

Quick Six

Trump proposes steep tariffs on Canada, China and Mexico
President-elect Donald Trump on Monday he said he intends to impose costly tariffs on goods from Mexico, Canada and China on day one of his administration. Trump's proposal, which is sure to rattle financial markets, came after three major stock market indexes hit all-time highs on Monday. Investors reacted positively to President-elect Donald Trump's selection of hedge-fund founder Scott Bessent to head the Treasury Department. Ironically, Bessent was expected to temper Trump's tariff talk.
HOW TRUMP IS JUSTIFYING NEW TARIFFS AS PUNITIVE

Special counsel Jack Smith closes federal cases on Trump
Special Counsel Jack Smith moved to dismiss the federal case against President-elect Donald Trump for allegedly conspiring to overturn the results of the 2020 election. Smith said the Jan. 6 case should be dropped in light of a Justice Department policy not to prosecute a sitting president, and District Judge Tanya Chutkan agreed. Smith paused the classified documents case earlier this month after Trump defeated Kamala Harris in the Nov. 5 election.
HOW TRUMP FRIENDS AND FOES REACTED TO THE NEWS

Warren Buffett announces his plan to give away $147 billion
Warren Buffett announced plans to donate over $1.1 billion of Berkshire Hathaway stock to four family foundations this year, continuing his annual tradition of giving away his $147 billion fortune. Buffett, 94, shared how his wealth, accumulated over time due to compounding interest on billions of investments, like the Apple shares he has long owned, will be used after his death.
WHO STANDS TO STRIKE IT RICH WHEN BUFFETT PASSES?

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Markets

DJIA	44,736.57	0.99%
S&P 500	5,987.37	0.30%
Nasdaq Composite	19,054.84	0.27%
Japan: Nikkei 225	38,301.27	-1.23%
UK: FTSE 100	8,291.68	0.36%
Crude Oil Futures	69.15	0.30%
Gold Futures	2,630.20	0.45%
Yen	153.85	-0.22%
Euro	1.05	-0.19%
* As of market close

Latest Google case closes as big tech braces

Google and the US government faced off in a federal court on Monday, as each side delivered closing arguments in a case revolving around the technology giant's alleged unfair domination of online advertising. The trial is Google's second US antitrust case as the government tries to rein in big tech's power. In a separate trial, a judge said that Google's search business is an illegal monopoly. The DOJ is asking that Google sell its Chrome browser. The latest case involves ad tech for the open web -- a system that decides which ads people see when they're online.

SEE WHAT ANALYSTS ARE SAYING ABOUT GOOGLE'S CASES

Harris gearing up for another run in 2028?

Kamala Harris is reportedly considering many options for once her time is up as vice president, from running for president again in 2028 to possibly running for governor of California. While Harris' plans are still uncertain as she is vacationing with family in Hawaii, she reportedly told allies in several phone calls, "I'm staying in the fight." Whether or not Harris plans to run for president again in 2028 could be clued by if Harris decides to campaign for governor in the Golden State in 2026.

WHAT HARRIS' FRIENDS ARE SAYING ABOUT FUTURE PLANS

Slurp up holiday cheer with 7-Eleven merch

7-Eleven is celebrating the holidays with festive fashions including ugly sweaters and pajamas sets to the delight of Slurpee enthusiasts. The holiday drop, dubbed the 7 Collection, is available for purchase online. It includes the 7-Eleven emblem emblazoned on decorative items such as sweaters, hooded jackets, T-shirts and slippers. The convenience store giant is also selling swag like lights, mugs, bags and keychains.

SEE THE MERCH 7-ELEVEN IS ROLLING OUT FOR THE HOLIDAYS

Extra point

7-Eleven is the U.S.'s largest convenience store chain. What's No. 2?

Friday's answer: The first graphical MMORPG was Neverwinter Nights.

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