Trump

Tech Billionaires Once Backed Trump. Here’s Where They Stand Now.

This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Many tech leaders tried to get close to Trump after the election, donating to his inaugural fund. One expert told BI that, since then, it’s been a “rocky road”…

NYC Lawyers Want to Resist Trump, but Big Law’s Guns Are Silent

It’s a staid and stately room, the New York City Bar Association meeting hall in Midtown Manhattan. The century-old walls are trimmed with red velvet and high Corinthian columns, and famous alumni, including Thurgood Marshall and Ruth Bader Ginsburg, look down from their oil portraits.The hall was far from staid…

Trump to Revive Penalties for Student-Loan Borrowers: What to Know

President Donald Trump is reviving a program that withholds federal benefits like tax refunds and Social Security from student-loan borrowers in default.Trump’s Department of Education announced on Monday that it will resume collections on defaulted borrowers beginning on May 5. Since March 2020, the department has not collected on defaulted…

Who Is Jerome Powell? the Fed Chair Trump Wants Out

President Donald Trump hasn’t been shy voicing his frustrations with Federal Reserve Chair Jerome Powell.While Trump nominated Powell for the position in 2017, the president has recently accused the Fed leader of “playing politics,” being “always TOO LATE AND WRONG,” and playing into Europe’s hands by not lowering interest rates.…

Trump: Businessmen Against Tariffs Are Bad at Business and Politics

President Donald Trump said on Sunday that business leaders who oppose his reciprocal tariffs do not appreciate what he is doing for them.”THE BUSINESSMEN WHO CRITICIZE TARIFFS ARE BAD AT BUSINESS, BUT REALLY BAD AT POLITICS,” Trump wrote in a Truth Social post on Easter Sunday.”THEY DON’T UNDERSTAND OR REALIZE…

I Founded Cuts Clothing, Voted for Trump. Tariffs Are Bad for Business

This as-told-to essay is based on a conversation with Steven Borrelli, founder of Cuts Clothing, in Culver City, California. It’s been edited for length and clarity.I’ve been a consistent supporter of Donald Trump.I supported him in 2016, 2020, and 2024 because I believed he was someone who was pro-business, pro-family…

Will Trump Walk Away From Ukraine Talks? or Is It a Deal Strategy?

President Donald Trump’s negotiations to end the Ukraine war are going nowhere. Ukraine is on board, but Russia isn’t.Now, Trump’s top diplomat is signaling he could walk away from the table. It’s a classic dealmaking technique straight out of Trump’s 1987 book, “The Art of the Deal.””We’re not going to…

California Sues Trump Administration, Escalating Battle Over Tariffs

Gov. Gavin Newsom of California is escalating his war against President Donald Trump’s tariffs.On Wednesday, the governor said his state would sue to immediately block the tariffs, with the high-profile Democrat describing the levies as “unlawful and unprecedented.”The legal action is a dramatic escalation in the relationship between the two…

Airlines Face Trump Tariff Turbulence After Hopes of a Bumper 2025

Airline bosses predicted 2025 would be their best year yet. Then came tariffs.While most industries have been hard hit by Donald Trump’s trade war, airlines face a particularly bumpy ride. Deutsche Bank analysts said last week that the US airline industry “will face an earnings recession in 2025.”After announcing results…