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Top insights on business, finance, technology and society.

President Donald Trump has warned Canada that the

President Donald Trump has warned Canada that the U.S. would impose 100% tariff on goods sold in the U.S. if the country strikes a trade deal with China.

In a Truth Social post, Trump said “If Canada makes a deal with China, it will immediately be hit with a 100% Tariff against all Canadian goods and products coming into the U.S.A.,”

“If Governor Carney thinks he is going to make Canada a ‘Drop Off Port’ for China to send goods and products into the United States, he is sorely mistaken,” Trump stated.

Earlier this month, Prime Minister Mark Carney announced that Canada and China reached a preliminary deal to remove trade barriers and lower tariffs.

Under the tentative agreement, Beijing cut tariffs on some Canadian agricultural products, while Ottawa increased the quotas for imports of Chinese electric vehicles, applying the most-favored-nation tariff rate of 6.1%.

The U.S. struck Venezuela overnight and captured i

The U.S. struck Venezuela overnight and captured its long-serving President Nicolas Maduro, President Donald Trump said early on Saturday after months of pressuring him over accusations of drug-running and illegitimacy in power.

Washington has not made such a direct intervention in Latin America since the invasion of Panama in 1989 to depose military leader Manuel Noriega, over similar allegations.

"The United States of America has successfully carried out a large scale strike against Venezuela and its leader, President Nicolas Maduro, who has been, along with his wife, captured and flown out of the country," Trump said in a Truth Social post.

The U.S. had accused Maduro of running a "narco-state" and rigging last year's election, which the opposition said it won overwhelmingly. The Venezuelan leader, who succeeded Hugo Chavez to take power in 2013, has said Washington wants to take control of Venezuela's oil reserves, the largest in the world.

#venezuela #donaldtrump #nicolasmaduro

New York Mayor Zohran Mamdani officially became th

New York Mayor Zohran Mamdani officially became the 111th mayor of the nation’s largest city just after midnight as he seeks to carry out the transformative progressive platform on which he campaigned.

New York Attorney General Letitia James swore in Mamdani, the city’s first Muslim mayor, in a small ceremony with his family.

Zohran Mamdani was sworn in as New York City mayor in the first minutes of the New Year at the historic City Hall subway station, with his wife Rama Duwaji standing by his side.

The oath, in which he pledged to support the Constitution of the United States and the laws of New York, was administered by New York State Attorney General Letitia James.

#newyork #nyc #zohranmamdani

Just four days after becoming the first person eve

Just four days after becoming the first person ever worth $600 billion, Elon Musk became the first person ever worth $700 billion on Friday, after the Delaware Supreme Court overturned a lower court ruling that had voided an award of Tesla stock options now worth $139 billion to Musk.

Forbes estimates that Musk’s fortune now stands at a record $749 billion after he successfully appealed the decision. After the ruling, Tesla is Musk’s most valuable asset once again. In addition to his stock options, he also owns 12% of the EV maker’s common stock, worth $199 billion, bringing the total value of his Tesla holdings to $338 billion.

Musk’s second most valuable asset, his estimated 42% stake in SpaceX, is now worth $2 billion less than his Tesla holdings (at an estimated $336 billion), based on a private tender offer launched this month that valued Musk’s rocket maker at $800 billion.

#elonmusk #tesla #spacex #xai

SpaceX is moving forward with an insider share sal

SpaceX is moving forward with an insider share sale that values Elon Musk’s rocket and satellite maker at about $800 billion, setting up what could be the largest initial public offering of all time.

In a company message seen by Bloomberg on Friday, SpaceX said it’s preparing for a possible public offering in 2026 that would be aimed at funding an “insane flight rate” for its developmental Starship rocket, artificial intelligence data centers in space and a base on the moon.

The per-share price of $421 in its latest secondary offering, laid out by Chief Financial Officer Bret Johnsen in the memo to shareholders, is nearly double the $212 a share set in July at a $400 billion valuation.

The valuation vaults past the previous record of $500 billion that ChatGPT owner OpenAI set in October, making SpaceX once again the world’s most valuable closely held company.

#spacex #elonmusk #ipo #wallstreet #stockmarket #finance

SpaceX is aiming to launch a secondary share sale

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