A new acronym is popping up on Wall Street to explain investors’ reaction to President Trump’s on-again, off-again tariffs: TACO. Coined by Financial Times journalist Robert Armstrong in a May 2 column, the tongue-in-cheek term stands for “Trump Always Chickens Out.” That phrase is meant to describe a pattern of stocks plunging when the Trump administration
The Pentagon is no longer requiring civilian employees to send emails listing out five things they accomplished each week, winding down an initiative driven partly by Elon Musk’s Department of Government Efficiency. The five-bullet-point email requirement ended on Wednesday, according to the Defense Department, and employees were instructed to send a final email identifying one
President Trump has signed off on a full pardon for former Rep. Michael Grimm of New York, according to a White House official. Grimm, a Republican, was convicted in November 2014 of tax fraud and related charges stemming from his ownership of a Manhattan restaurant before joining Congress. Prosecutors said he underreported wages and revenue
President Trump has signed off on a full pardon for former Rep. Michael Grimm of New York, according to a White House official. Grimm, a Republican, was convicted in November 2014 of tax fraud and related charges stemming from his ownership of a Manhattan restaurant before joining Congress. Prosecutors said he underreported wages and revenue
President Trump said Wednesday he will “take a look at” pardoning a group of men charged with planning to kidnap Michigan Gov. Gretchen Whitmer in 2020, calling the case — which has resulted in two convictions and two guilty pleas — a “railroad job.” “I will take a look at it. It’s been brought to
Vice President JD Vance on Wednesday touted the Trump administration’s ties with the cryptocurrency industry — a once-fringe business that President Trump and his allies have embraced in recent months. “I’m here today to say loud and clear, with President Trump, crypto finally has a champion and an ally in the White House,” Vance told
U.S. Capitol Police Chief Thomas Manger, who took charge of the department in the difficult months after the U.S. Capitol siege, is retiring from his position Friday. After the Jan. 6, 2021, Capitol riot, he helped rebuild the department’s shrunken staff, beefed up recruitment efforts and bolstered the agency’s intelligence operations and communications to fix