News

Trump denies tariff policy changes, calls report fake news

Trump Denies Tariff Plan Report, Calls It Fake News; Aides Discuss Targeting Critical Imports for National Security.

Published

10 months ago

January 7, 2025

ticker NEWS

Trump Denies Tariff Plan Report, Calls It Fake News; Aides Discuss Targeting Critical Imports for National Security.

U.S. President-elect Donald Trump has denied a report from the Washington Post suggesting that his aides are considering a revised tariff policy that would focus only on critical imports.

In a post on Truth Social, Trump labelled the report as “Fake News” and asserted that it inaccurately portrays his tariff stance. He dismissed the article, claiming it misrepresents his intended approach.

The Washington Post cited unnamed sources indicating that Trump’s team was reviewing tariff applications that would affect every country but concentrate on certain key sectors vital for national security. This would signify a departure from his earlier promises during the 2024 campaign. Following the report, European financial markets saw a notable increase.

Trump previously committed to imposing a 10% tariff on all global imports and a 60% tariff specifically on Chinese goods. Experts warn that these measures could disrupt trade dynamics, increase expenses, and provoke retaliatory actions against U.S. exports.

Details on which sectors would be affected by these potential tariffs remain unclear. However, preliminary discussions have highlighted priorities such as the defense supply chain, critical medical supplies, and energy production components.

Reports indicate that the Trump transition team may propose tariffs on all electric battery materials as part of a strategy to enhance domestic production. The Defense Department has also identified risks associated with dependence on Chinese supplies of essential materials.

News

Betoota’s fake $34.5 million Sportsbet deal sends media Into meltdown

The Betoota Advocate’s satirical $34.5 million Sportsbet offer sparks chaos, revealing media trust issues in the digital age.

Published

24 hours ago

November 6, 2025

Ahron Young

The Betoota Advocate’s satirical $34.5 million Sportsbet offer sparks chaos, revealing media trust issues in the digital age.

Australia’s most infamous satire site, The Betoota Advocate, caused online chaos after posting a fake $34.5 million “acquisition offer” from Sportsbet. The joke was so convincing it fooled thousands, including major media outlets, and reignited debate about what’s real in today’s digital news cycle.

In this episode, we break down how the prank unfolded, why so many believed it, and what it reveals about trust in media. From viral posts to red-faced journalists, it’s a story that blurs the line between clever satire and misinformation.

So, is Betoota simply trolling the system, or holding up a mirror to it? Darren Woolley from TrinityP3 joins us to unpack what happens when satire hits too close to home.

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#BetootaAdvocate #Sportsbet #FakeNews #Satire #MediaTrust #ViralStory #TickerNews #Australia

News

UPS cargo plane crashes in Kentucky, as death toll rises

UPS cargo plane crash in Kentucky kills four, injures 11, governor warns death toll may rise

Published

2 days ago

November 5, 2025

Ahron Young

UPS cargo plane crash in Kentucky kills four, injures 11, governor warns death toll may rise

In Short:
– A UPS cargo plane crashed in Louisville, resulting in at least four deaths and 11 injuries.
– Investigations are underway, and all departing flights from the airport have been cancelled.

A United Parcel Service cargo plane crashed shortly after takeoff in Louisville, Kentucky, at approximately 5:15 p.m. local time, leading to at least four fatalities and 11 injuries.Kentucky Governor Andy Beshear indicated that the death toll may rise. Those who died were not part of the three-person crew aboard the aircraft, which was heading to Honolulu.

Several people with serious injuries are receiving treatment at nearby hospitals.

The crash affected two businesses in proximity to the airport: Kentucky Petroleum Recycling and Grade A Auto Parts. Grade A Auto Parts confirmed most employees were accounted for, although uncertainty remains regarding customer safety.

Nearby, a Ford Motor assembly plant lost power but was not directly impacted by the crash.

Emergency services have worked to contain a fire resulting from the incident, which required a significant number of responders. UPS has not confirmed details regarding its crew’s condition. Photographs showed the MD-11 engulfed in flames at the Louisville Muhammad Ali International Airport.

UPS operates its primary air cargo facility in Louisville, processing millions of packages daily. The plane’s fuel load of 38,000 gallons contributed to explosions that occurred upon impact with the businesses, prompting significant road closures.

Investigation Underway

The Federal Aviation Administration and the National Transportation Safety Board will conduct investigations into the crash.

In the aftermath, all departing flights from the airport have been cancelled, affecting major airlines including Delta Air Lines and American Airlines.

News

This may be the AI market correction, according to traders

US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.

Published

2 days ago

November 5, 2025

Ahron Young

US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.

US stocks have taken a sharp dive as investors grow nervous about stretched valuations and uneven earnings reports from tech giants. Major Wall Street banks, including Morgan Stanley and Goldman Sachs, are warning that the rally could be nearing a 10% correction – a wake-up call for traders betting on unstoppable market momentum.

Nvidia, the world’s most valuable public company, dropped nearly 4%, wiping out around $200 billion in market value. Meanwhile, Palantir slid 6%, dragging other AI and semiconductor names lower. Even gold — a traditional safe haven — dipped 1.6%, signaling widespread investor anxiety.

Bitcoin also broke below the $100,000 mark for the first time since June, underscoring how jittery markets have become. As earnings season unfolds and the US government shutdown looms, investors are questioning whether the bull run that lifted the S&P 35% since April has finally run out of steam.

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#StockMarket #WallStreet #Nvidia #Bitcoin #AIStocks #MarketCorrection #TickerNews #Investing