1 hr. ago
WASHINGTON, Sept 3 (Reuters) - U.S. Commerce Secretary Howard Lutnick apologized on Thursday for stating that no Americans had died in the Iran war, acknowledging that 18 service members have been killed and he was thinking about Venezuela when he made the mistaken statement.
"I misspoke. Eighteen members of our military have died, and to those families my heart breaks and I am so very sorry for their loss. I was thinking about the Venezuelan military operation where no service members died," Lutnick said in a post on X.
Lutnick made the comments during an interview with CNBC on Wednesday in which Venezuela did not come up.
"I think the way the president is playing Iran... There haven't been American deaths. It's really just an economic choke-out, which the administration is now executing more broadly, and I think it'll be very effective," Lutnick told CNBC.
Moments before Lutnick's apology, Trump defended the commerce secretary on Truth Social.
#lutnick #venezuela
"I misspoke. Eighteen members of our military have died, and to those families my heart breaks and I am so very sorry for their loss. I was thinking about the Venezuelan military operation where no service members died," Lutnick said in a post on X.
Lutnick made the comments during an interview with CNBC on Wednesday in which Venezuela did not come up.
"I think the way the president is playing Iran... There haven't been American deaths. It's really just an economic choke-out, which the administration is now executing more broadly, and I think it'll be very effective," Lutnick told CNBC.
Moments before Lutnick's apology, Trump defended the commerce secretary on Truth Social.
#lutnick #venezuela
6 days ago
(Bloomberg) -- US Treasury Secretary Scott Bessent's more activist style of managing the nation's debt has Wall Street war-gaming a potentially bigger shift in the government's borrowing strategy over the coming months.
Most Read from Bloomberg
Lutnick's Intervention in Canada Talks Draws Praise, Blame
Apple Gears Up to Launch Its First New Mac Mini in Two Years
US Weighs More Trade Measures Against Canada After Retaliation
#secretary #scott #wall #draws
Most Read from Bloomberg
Lutnick's Intervention in Canada Talks Draws Praise, Blame
Apple Gears Up to Launch Its First New Mac Mini in Two Years
US Weighs More Trade Measures Against Canada After Retaliation
#secretary #scott #wall #draws
7 days ago
(Bloomberg) -- Bitcoin's (BTC-USD) rally is running into resistance at the psychologically important $80,000 level as traders await key US monetary policy signals to gauge whether the past week's gains have room to run.
Most Read from Bloomberg
Lutnick's Intervention in Canada Talks Draws Praise, Blame
Apple Gears Up to Launch Its First New Mac Mini in Two Years
Xi Signals Defiance as US Threatens Sanctions Over Iran Help
#bloomberg #draws #Apple
Most Read from Bloomberg
Lutnick's Intervention in Canada Talks Draws Praise, Blame
Apple Gears Up to Launch Its First New Mac Mini in Two Years
Xi Signals Defiance as US Threatens Sanctions Over Iran Help
#bloomberg #draws #Apple
9 days ago
By Alexandra Alper
WASHINGTON, Aug 25 (Reuters) - Republican and Democratic lawmakers on Tuesday called on the Trump administration to bar American citizens and businesses from supporting Chinese and Russian civilian intelligence and security agencies.
Congress approved a law in 2018 banning Americans from providing support to foreign military intelligence agencies but leaving the door open to such aid for similar civilian-led organizations. In 2019, Reuters revealed the United Arab Emirates had hired over a dozen former U.S. intelligence operatives to hack dissidents, journalists, and Americans, shining a spotlight on the issue.
Rules implementing a 2022 congressional measure to bolster controls have not yet been finalized, leaving "glaring loopholes that harm U.S. national security and foreign policy interests," Democratic Senator Ron Wyden and Republican John Cornyn wrote in a letter addressed to Commerce Secretary Howard Lutnick.
"Foreign intelligence agencies in many countries can still legally hire consultants in the United States and buy advanced U.S. surveillance, cyber, and artificial intelligence technology, for use in their intelligence operations to target Americans, and operate against American national security and foreign policy interests," the senators wrote in the letter dated Tuesday.
#intelligence #foreign #americans #tuesday
WASHINGTON, Aug 25 (Reuters) - Republican and Democratic lawmakers on Tuesday called on the Trump administration to bar American citizens and businesses from supporting Chinese and Russian civilian intelligence and security agencies.
Congress approved a law in 2018 banning Americans from providing support to foreign military intelligence agencies but leaving the door open to such aid for similar civilian-led organizations. In 2019, Reuters revealed the United Arab Emirates had hired over a dozen former U.S. intelligence operatives to hack dissidents, journalists, and Americans, shining a spotlight on the issue.
Rules implementing a 2022 congressional measure to bolster controls have not yet been finalized, leaving "glaring loopholes that harm U.S. national security and foreign policy interests," Democratic Senator Ron Wyden and Republican John Cornyn wrote in a letter addressed to Commerce Secretary Howard Lutnick.
"Foreign intelligence agencies in many countries can still legally hire consultants in the United States and buy advanced U.S. surveillance, cyber, and artificial intelligence technology, for use in their intelligence operations to target Americans, and operate against American national security and foreign policy interests," the senators wrote in the letter dated Tuesday.
#intelligence #foreign #americans #tuesday
16 days ago
Computer hard-drive manufacturer Western Digital (NASDAQ: WDC) stock jumped a lucky 7% through 11:25 a.m. ET Monday -- and has Donald Trump to thank for it.
Over the weekend, Trump Commerce Secretary Howard Lutnick told The Wall Street Journal the Trump administration "is not in favor" of Apple (NASDAQ: AAPL) buying high-bandwidth memory (HBM) from Yangtze Memory Technologies and CXMT in China, and would prefer Apple buy from manufacturers reshoring semiconductor manufacturing to the United States instead.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
What does this have to do with Western Digital, which doesn't make HBM, but rather old-tech hard disk drives?
Broadly speaking, both DRAM and NAND memory chips, and also the hard disk memory drives that Western Digital makes, are used for computer memory. Memory demands have gone through the roof as everyone and his brother rushes to build data centers -- and to tailor them to provide memory-intensive "inference" functions.
#Trump #NVIDIA #NASDAQ
Over the weekend, Trump Commerce Secretary Howard Lutnick told The Wall Street Journal the Trump administration "is not in favor" of Apple (NASDAQ: AAPL) buying high-bandwidth memory (HBM) from Yangtze Memory Technologies and CXMT in China, and would prefer Apple buy from manufacturers reshoring semiconductor manufacturing to the United States instead.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
What does this have to do with Western Digital, which doesn't make HBM, but rather old-tech hard disk drives?
Broadly speaking, both DRAM and NAND memory chips, and also the hard disk memory drives that Western Digital makes, are used for computer memory. Memory demands have gone through the roof as everyone and his brother rushes to build data centers -- and to tailor them to provide memory-intensive "inference" functions.
#Trump #NVIDIA #NASDAQ
1 month ago
President Trump recently ordered Commerce Secretary Howard Lutnick to explore Australia's retirement model as a way to reform the US retirement savings system.
It's not the first time Trump has tossed out the country's system as one that interests him. He has been dancing around it for months now.
"They have a plan in Australia, which people really like," Trump said on July 6, when he met with BlackRock CEO Larry Fink, who has been touting Australia's program for a few years.
"It's really worked out very well," Trump added. "We're going to be talking about that with Congress and see if we can implement it."
Australia's system includes superannuation funds that require employers to supplement workers' wages with contributions to privately managed pensions at a rate of 12% of employees' salaries.
It's not the first time Trump has tossed out the country's system as one that interests him. He has been dancing around it for months now.
"They have a plan in Australia, which people really like," Trump said on July 6, when he met with BlackRock CEO Larry Fink, who has been touting Australia's program for a few years.
"It's really worked out very well," Trump added. "We're going to be talking about that with Congress and see if we can implement it."
Australia's system includes superannuation funds that require employers to supplement workers' wages with contributions to privately managed pensions at a rate of 12% of employees' salaries.
2 months ago
President Donald Trump seized the opportunity to take a jab at Joe Biden while discussing his involvement in FIFA's choice to allow U.S. Men's National Team star Folarin Balogun to compete in the World Cup Round of 16.
FIFA authorities opted on Sunday to suspend Balogun's red-card ban stemming from his challenge on Tarik Muharemovic during the USMNT's 2-0 victory over Bosnia and Herzegovina in the World Cup Round of 32. Trump - who admitted he wasn't familiar with what a red card meant - played a crucial role in the governing body's about-face, having collaborated with commerce secretary Howard Lutnick and White House task force leader Andrew Giuliani to put together a legal team contesting the sanction.
Trump subsequently contacted FIFA President Gianni Infantino directly, informing him that an appeal had been filed while expressing his opposition to the red card, via The Mirror US.
Australian soccer fans' anti-Donald Trump chant could spark World Cup controversy
FIFA authorities opted on Sunday to suspend Balogun's red-card ban stemming from his challenge on Tarik Muharemovic during the USMNT's 2-0 victory over Bosnia and Herzegovina in the World Cup Round of 32. Trump - who admitted he wasn't familiar with what a red card meant - played a crucial role in the governing body's about-face, having collaborated with commerce secretary Howard Lutnick and White House task force leader Andrew Giuliani to put together a legal team contesting the sanction.
Trump subsequently contacted FIFA President Gianni Infantino directly, informing him that an appeal had been filed while expressing his opposition to the red card, via The Mirror US.
Australian soccer fans' anti-Donald Trump chant could spark World Cup controversy
2 months ago
President Donald Trump may have revealed just how corrupt FIFA’s 2026 World Cup really is.
Just hours after top U.S. Soccer scorer Folarin Balogun received a red card and a minimum automatic one-game suspension, Trump urged FIFA President Gianni Infantino to review the decision, four people told The New York Times.
FIFA announced Sunday that it had reversed Balogun’s suspension, making him eligible to play against Belgium on Monday as the U.S. tries to advance to the quarterfinals. This is the first time since 1962 that a player has been allowed to appear in a game after receiving a suspension.
The unprecedented decision has sparked serious concerns of favoritism. Earlier this year, Infantino shocked his own top officials by cooking up the FIFA World Peace Prize, apparently to placate Trump after his campaign for the ***** el Peace Prize crashed and burned.
It wasn’t just Trump who intervened—senior administration officials including Commerce Secretary Howard Lutnick and World Cup task force director Andrew Giuliani worked quickly to engage lawyers to help the U.S. Soccer mount an appeal.
Just hours after top U.S. Soccer scorer Folarin Balogun received a red card and a minimum automatic one-game suspension, Trump urged FIFA President Gianni Infantino to review the decision, four people told The New York Times.
FIFA announced Sunday that it had reversed Balogun’s suspension, making him eligible to play against Belgium on Monday as the U.S. tries to advance to the quarterfinals. This is the first time since 1962 that a player has been allowed to appear in a game after receiving a suspension.
The unprecedented decision has sparked serious concerns of favoritism. Earlier this year, Infantino shocked his own top officials by cooking up the FIFA World Peace Prize, apparently to placate Trump after his campaign for the ***** el Peace Prize crashed and burned.
It wasn’t just Trump who intervened—senior administration officials including Commerce Secretary Howard Lutnick and World Cup task force director Andrew Giuliani worked quickly to engage lawyers to help the U.S. Soccer mount an appeal.
2 months ago
Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
In June, Senator Bernie Sanders pitched the American AI Sovereign Wealth Fund Act, requiring a 50% public stake in AI companies like Anthropic and OpenAI.
OpenAI's outspoken CEO, Sam Altman said on July 1 the best we can do is 5%, according to the Financial Times. In other words, Altman, who said his company must IPO at $1 trillion, can do $50 billion but in no way can he do $500 billion.
Altman isn't offering just his company either. He is generously suggesting that other leading enterprise AI companies, such as Anthropic, Google and Meta, pitch in too, though FT reports that none of them have actually agreed to this.
OpenAI being suddenly keen to hand over 5% of the company arrives around the same time the U.S. government restricted and imposed a "limited preview" on their latest, GPT-5.6 Sol. On June 26, 2026, the GPT-5.6 family (Sol, Terra, and Luna) apparently crossed a "high" risk threshold on internal cybersecurity benchmarks, like Anthropic's Mythos 5 and Fable 5 recently did. This forced Commerce Secretary Howard Lutnick, to step in. OpenAI could do nothing else to comply.
In June, Senator Bernie Sanders pitched the American AI Sovereign Wealth Fund Act, requiring a 50% public stake in AI companies like Anthropic and OpenAI.
OpenAI's outspoken CEO, Sam Altman said on July 1 the best we can do is 5%, according to the Financial Times. In other words, Altman, who said his company must IPO at $1 trillion, can do $50 billion but in no way can he do $500 billion.
Altman isn't offering just his company either. He is generously suggesting that other leading enterprise AI companies, such as Anthropic, Google and Meta, pitch in too, though FT reports that none of them have actually agreed to this.
OpenAI being suddenly keen to hand over 5% of the company arrives around the same time the U.S. government restricted and imposed a "limited preview" on their latest, GPT-5.6 Sol. On June 26, 2026, the GPT-5.6 family (Sol, Terra, and Luna) apparently crossed a "high" risk threshold on internal cybersecurity benchmarks, like Anthropic's Mythos 5 and Fable 5 recently did. This forced Commerce Secretary Howard Lutnick, to step in. OpenAI could do nothing else to comply.
2 months ago
ASML Holding N.V. (NASDAQ:ASML) is among the Best Semiconductor Stocks.
On June 19, Reuters reported that ASML Holding N.V. (NASDAQ:ASML) denied ever shipping an EUV lithography machine to China after concerns raised by US officials. The company said in an emailed statement it had "never shipped an EUV machine to China nor have we shipped to China any component, module, or equipment specially designed to be used in an EUV machine."
Reuters cited Bloomberg reporting that U.S. Commerce Secretary Howard Lutnick raised concerns that an EUV tool may have reached China in violation of export restrictions. ASML Holding N.V. (NASDAQ:ASML) said it "consistently adjusted its business" to comply with evolving controls.
Separately, the Dutch Ministry of Foreign Affairs said exports require licenses under strict rules and enforcement. Reuters also pointed out that Washington proposed legislation in April, urging allies to align export controls, with equipment made by the semiconductor firm named in the legislation. Earlier reporting noted Chinese efforts to develop domestic EUV technology.
ASML Holding N.V. (NASDAQ:ASML) engages in the development, production, marketing, sales, upgrading and servicing of advanced semiconductor equipment systems. It includes lithography, metrology and inspection systems.
On June 19, Reuters reported that ASML Holding N.V. (NASDAQ:ASML) denied ever shipping an EUV lithography machine to China after concerns raised by US officials. The company said in an emailed statement it had "never shipped an EUV machine to China nor have we shipped to China any component, module, or equipment specially designed to be used in an EUV machine."
Reuters cited Bloomberg reporting that U.S. Commerce Secretary Howard Lutnick raised concerns that an EUV tool may have reached China in violation of export restrictions. ASML Holding N.V. (NASDAQ:ASML) said it "consistently adjusted its business" to comply with evolving controls.
Separately, the Dutch Ministry of Foreign Affairs said exports require licenses under strict rules and enforcement. Reuters also pointed out that Washington proposed legislation in April, urging allies to align export controls, with equipment made by the semiconductor firm named in the legislation. Earlier reporting noted Chinese efforts to develop domestic EUV technology.
ASML Holding N.V. (NASDAQ:ASML) engages in the development, production, marketing, sales, upgrading and servicing of advanced semiconductor equipment systems. It includes lithography, metrology and inspection systems.
