8 results for “congress”
An 1,800-point Dow plunge erased the post-midterm rally, the Nasdaq confirmed a correction and the Magnificent Seven shed $1 trillion in a day as the AI trade met a hostile Congress.
Reuters reports Democrats plan AI-systems and data-centre bills when Congress convenes, with Bloomberg noting the AI-chip export regime is a direct focus.
Directors will examine reports that CEO Jensen Huang was targeted by a foreign intelligence effort, with Congress demanding a closed-door briefing on Nov 18.
Brent crude dropped 1.9 percent to $101.65 as the Democratic midterm sweep and US-Iran peace progress weighed on the war premium that has kept oil above $100.
President Trump notified Congress of intent to end duty-free AGOA access for South Africa and Rwanda from January 1, 2027, in a warning for all African exporters.
Democrats won both chambers of Congress in the US midterms, sending markets on an overnight whipsaw before stocks and the dollar recovered as investors priced in veto limits.
President Donald Trump has signed an executive order waiving most of the new Russia sanctions and tariffs Congress passed in the Graham Act, acting two days before the implementation deadline and citing the national interest.
The Nigeria Labour Congress has given the federal government two weeks to address petrol prices and the minimum wage, warning of industrial action.