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Sanjay Mehrotra-led Micron Technologies announced a USD 250 million investment in the Trump Accounts programme, a long-term savings initiative for children, a move that was welcomed by President Donald Trump. Mehrotra, the CEO of Micron, said as part of this initiative, the company is launching an employee matching benefit for contributions up to USD 1,000 per child under 18. Additionally, Micron will provide a community benefit of a one-time USD 250 seed deposit for children with Trump Accounts where the company operates in Idaho, New York, Virginia, California, Colorado, Minnesota and Texas. "This incredible gesture, made by Micron's fantastic CEO, Sanjay Mehrotra, will make many children extremely happy someday in the not too distant future," Trump said on Truth Social on Wednesday. He called it "the BIGGEST CORPORATE Investment of its kind." A Trump account can be opened for any American child under 18 with a Social Security number. Individuals, employers and others can depos
President Donald Trump took in nearly USD 1.2 billion dollars from his crypto businesses last year, a federal filing released Monday shows. Mere startups when took the oath of office, the new ventures have now eclipsed in revenue much of his vast property portfolio that took decades to accumulate. Fueling their rise was a pair of billionaire investors and Trump's own move to quash a federal crackdown on the industry. Trump got more than USD 500 million from his World Liberty Financial business selling new crypto products, including "governance tokens," according to the required annual disclosure report. It also showed another crypto business, CIC Digital LLC, took in more than USD 600 million from sales of souvenir-type "meme" coins stamped with his face. Both the tokens and the coins have plunged in value since the sales. The rise of crypto relative to Trump's property is especially stunning given that traditional mainstay of his family business also grew rapidly, last year as it
President Donald Trump has announced that Republicans will hold their first-ever national convention ahead of the midterm elections, an unusual event aimed at boosting turnout in races that will decide whether the party maintains control of Congress. The convention will be held in Dallas on Sept. 9 and 10. Although both major parties traditionally hold blockbuster conventions during presidential campaigns, Trump has long floated the idea of a similar gathering this year to focus voters' attention on a sprawling collection of House and Senate races. If Democrats regain control of either chamber, they will be empowered to block Trump's agenda and launch investigations into his administration for the final two years of his term. Republicans have only slim majorities in Congress, and the party in power normally loses ground in the midterms. And without Trump on the ballot, Republican leaders worry that it could be hard to galvanize their voters. Trump hopes the convention would help .
President Donald Trump said Monday on social media that Iran had requested a meeting with US counterparts, though one of Iran's top negotiators said no further talks had been scheduled after attacks across the Persian Gulf over the weekend challenged negotiations to end the war. The US president has tried to preserve an increasingly fragile interim deal as hostilities have mounted in recent days in the Strait of Hormuz, through which a fifth of the world's oil had been shipped before the war began. Trump said the meeting with Iran would happen on Tuesday in Doha, Qatar. But Kazem Gharibabadi, a senior negotiator for Iran, denied any talks had been scheduled. The US and Iran agreed to a deal earlier this month that calls for Tehran to dilute its stockpile of enriched uranium, and waives US-backed sanctions on the country while opening the Strait of Hormuz and giving each side 60 days to hammer out broader agreements. Oil prices fell sharply after the signing of the interim deal, but
The Supreme Court on Monday dramatically expanded presidential power, upholding President Donald Trump's firings of the heads of independent federal agencies with one important exception, the Federal Reserve. The justices allowed Fed governor Lisa Cook to stay in her job while she fights the Republican president's effort to fire her over allegations of mortgage fraud, which she has denied. But other than at the nation's central bank, with its role of setting interest rates, the court held that presidents have free rein to fire agency heads at will, despite federal laws that require a cause for such dismissals and a 91-year-old decision that had limited executive authority. With the six conservative justices in the majority, the nine-member court jettisoned its unanimous decision in Humphrey's Executor that had limited when presidents can fire agency board members - in part to try to ensure decision-making free of political influence. The justices ruled in the case of former Federal
Donald Trump expressed his gratitude for naming a road in Hyderabad, India, after him, saying he was the first US President to be honoured this way. Trump's remarks on Truth Social on Friday came after the Telangana government named a road adjoining the US Consulate in the southern Indian city as "Donald Trump Avenue". "The new Donald Trump Avenue in Hyderabad, India -- The first US President to ever be honoured in this way. Thank you," Trump said, sharing a photograph of Telangana deputy chief minister Mallu Bhatti Vikramarka and US envoy to India Sergio Gor unveiling the ceremonial plaque earlier this week. The newly named Donald Trump Avenue is also close to the offices of major American tech firms, including Microsoft, Google and Amazon. The Telangana government described the designation as a tribute to the United States and a recognition of Hyderabad's growing role in US-India relations.
Former Trump administration national security adviser John Bolton pleaded guilty on Friday to illegally retaining classified information, sealing a deal with federal prosecutors that could allow him to avoid a prison term. Bolton, who became an outspoken critic of President Donald Trump after serving in the Republican's first administration, is scheduled to be sentenced on October 28 by US District Judge Theodore Chuang in Greenbelt, Maryland. Bolton pleaded guilty to a single count of illegally retaining classified information. His plea agreement with the Justice Department may enable him to avoid time behind bars, but the judge ultimately will decide his punishment. The plea agreement recommends capping any prison sentence at five years but the judge isn't bound by that part of the deal. Bolton can withdraw his guilty plea if the judge issues a longer prison sentence or a fine greater than USD 2.25 million. Bolton was charged last October with 18 counts of either retaining or ...