Elon Musk attends Trump dinner with Saudi crown prince in potential reconciliation

The Senate is questioning Donald Trump's nominee for the head of the Commodity Futures Trading Commission (CFTC) regarding cryptocurrency regulation. This scrutiny comes as the regulatory landscape for digital currencies continues to evolve, with lawmakers seeking clarity on how to manage this rapidly growing market.

Donald Trump has called for federal regulation of artificial intelligence (AI) to counteract what he describes as 'woke' state laws. This statement follows his warning that overregulation at the state level poses a threat to the growth of AI technologies.

The sale of F-35 fighter jets to Saudi Arabia marks a significant achievement for the kingdom, which aims to enhance its global influence and military capabilities. This deal, approved by former President Donald Trump, aligns with Saudi Arabia's strategic interests in bolstering its defense capabilities amid regional tensions.

Tesla investors have shown strong support for CEO Elon Musk, with approximately 75% voting in favor of a groundbreaking pay package that could potentially reward him with $1 trillion if he significantly increases the company's value. This decision reflects the confidence shareholders have in Musk's vision for Tesla's future.

Former President Donald Trump expressed a strong desire to dismiss Federal Reserve Chair Jerome Powell, stating, "I’d love to fire his ass." This remark underscores Trump's ongoing criticism of the Fed's monetary policy, particularly its interest rate decisions.

President Trump's tariffs imposed in August have resulted in a significant decrease in imports and a contraction of the trade deficit, according to newly released data. This development highlights the immediate impact of the administration's trade policies on the U.S. economy.

Elon Musk announced that his xAI artificial intelligence startup plans to develop a 500 megawatt data center in Saudi Arabia in collaboration with Humain, the kingdom’s state-backed AI venture. The announcement was made during a US-Saudi investment forum in Washington, where Musk was joined by Nvidia CEO Jensen Huang, indicating a significant partnership in the AI sector.

The U.S. trade deficit decreased in August as President Trump's tariffs on trade partners came into effect. New data indicates that these tariffs have contributed to a reduction in trade volumes, reflecting the immediate impact of the administration's trade policies.