Business

Trump says he’s terminating Chevron’s Venezuela oil agreement

President Donald Trump says he is reversing a Biden-era grant allowing Chevron to operate within Venezuela on Wednesday. Trump detailed the decision in a lengthy post on Truth Social, stating that Venezuelan President Nicolas Maduro had not upheld his end of the bargain.”We are hereby reversing the concessions that Crooked…

Who gets stuck with the bill for tariffs on imported Canadian oil?

President Donald Trump’s proposed tariffs on imported Canadian oil could take effect in the weeks ahead, which would raise costs and create a new financial burden for Canadian producers, as well as American refiners and consumers. Trump on Feb. 1 announced 25% tariffs on imports from Canada and Mexico, with a…

Eli Lilly investing B more in US manufacturing

Eli Lilly is investing an additional $27 billion to boost domestic drug production as President Donald Trump reaffirms his commitment to imposing tariffs to restore manufacturing in the U.S. The latest investment, announced Wednesday during a press conference in Washington, D.C., brings the company’s total U.S. manufacturing investment to more…

Social Security payments to increase for public pension recipients

Retired Americans who are recipients of pensions as former public employees may soon begin receiving higher Social Security benefits after a recently-enacted law took effect. The Social Security Fairness Act was signed into law by then-President Joe Biden on Jan. 5 and eliminated policies known as the Windfall Elimination Provision (WEP) and…

Nvidia CEO Jensen Huang says everyone is ‘racing’ to adopt AI technology

Nvidia CEO Jensen Huang discussed artificial intelligence (AI) and more in an interview with Liz Claman on “The Claman Countdown.” Huang, who co-founded the California-based chipmaker in 1993, told Claman that “everybody” is “racing” to adopt artificial intelligence technology. Adoption is “incredibly fast” among what the Nvidia CEO described as the…

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