Vice President JD Vance and other senior Trump administration officials were due to visit a U.S. military base in Greenland on Friday − hundreds of miles away from any Greenlandic officials or a major civilian population. Vance, his wife, Usha; national security adviser Mike Waltz; and energy secretary Chris Wright were traveling to the the Danish territory as President Donald Trump continues to openly talk about acquiring Greenland. Friday’s trip is a scaled-back version that was supposed to see the second lady and her son attend cultural events, a dog-sledding race and spend time talking to Greenlanders in the capital Nuuk. The high-powered U.S. delegation revised its itinerary…
Author: Sophia White
Elon Musk defended his work leading the Department of Government Efficiency Thursday, pushing back on mounting criticism of the massive disruption caused by DOGE in an unusual joint interview with other top leaders of the group. Musk minimized the number of people who have been fired by DOGE amid a wave of federal layoffs. His team lambasted the government’s records, payment and other systems and promised to implement a tech savvy, user-friendly approach. And they shrugged off concerns about how DOGE has operated. “This is a revolution and I think it might be the biggest revolution in the government since the…
Swedish fintech firm Klarna will be the exclusive provider of buy now, pay later loans for Walmart, taking a coveted partnership away from rival Affirm, CNBC has learned. Klarna, which just disclosed its intention to go public in the U.S., will provide loans to Walmart customers in stores and online through the retailer’s majority-owned fintech startup OnePay, according to people with knowledge of the situation who declined to be identified speaking about the partnership. OnePay, which updated its brand name from One this month, will handle the user experience via its app, while Klarna will make underwriting decisions for loans ranging from three months to 36 months in length,…
BERLIN/DETROIT, March 27 (Reuters) – Automaker stocks around the world slumped on Thursday after U.S. President Donald Trump said that he would impose 25% tariffs on all vehicles and foreign-made auto parts imported into the United States. Volkswagen, BMW, Mercedes-Benz, Porsche and Continental lost 4.5 billion euros ($4.84 billion) in combined market value on Thursday, as investors panicked at the prospect of more costs and complexity in an industry already struggling with a slow ramp-up of electrification and high logistics costs. Carmakers must now decide whether to localise more production in the U.S. to avoid the tariffs, swallow the cost, or pass…
By Marie Ruff A new year always generates a flurry of activity on Capitol Hill, and a new presidential administration amplifies the flurry into a whirlwind of new policies, initiatives, personnel and more. During NAIOP’s Chapter Leadership and Legislative Retreat (CL&LR) earlier this month in Washington, D.C., members had the opportunity to hear from someone with extensive experience as both a presidential advisor and political analyst. Keynote Scott Jennings, CNN contributor, conservative columnist and former advisor on four presidential campaigns, has decades of experience at the intersection of politics and the media. He began his career as a reporter and…