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The Financial News

Latest / Hot Issue

Politics

World

Lifestyle

Tuesday, June 3, 2025

Trump’s Bold Move: Matt Gaetz Nominated for Attorney General

Congressman Matt Gaetz (Republican-Florida) / AP Newsis

On Wednesday, U.S. President-elect Donald Trump nominated far-right Republican Representative Matt Gaetz of Florida as his pick for the next Attorney General.

In a post on his social media platform, Truth Social, Trump praised Gaetz for having the essential skills needed for reforming the Department of Justice, citing his unique record in Congress as evidence of his qualifications.

In response, Gaetz expressed his enthusiasm on social media platform X (formerly Twitter), saying, “It will be an honor to serve as President Trump’s Attorney General!”

Hot this week

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Topics

Nvidia’s $7B Blow from China Sanctions Doesn’t Stop Global Chip Rally

Nvidia's strong earnings boosted semiconductor stocks globally despite export restrictions to China, highlighting its market influence.

Nvidia’s Surprise Earnings Spark a Stock Market Rally

New York stocks rose after Nvidia's strong earnings, boosting the AI sector, despite ongoing tariff uncertainties affecting the market.

WTI Slides to $60.94 as Traders Brace for OPEC+ Production Pivot

Oil prices fell despite a drop in U.S. inventories, influenced by expected OPEC+ output increases in an upcoming meeting.

Trump’s Bold Move: Retirement Funds Can Now Flow into Bitcoin Investments

The Trump administration allows Bitcoin investments in pension accounts, reversing Biden-era restrictions, potentially benefiting the Trump family.

WTI and Brent Crude Climb on Renewed Supply Fears

Oil prices surged due to supply concerns and geopolitical tensions, despite OPEC+ plans to maintain production levels.

Nvidia Beats Expectations with AI-Driven Growth, Stock Rallies Post-Close

The New York stock market fell ahead of Nvidia's earnings, which later exceeded expectations, boosting investor confidence and tech stocks.

First Sale Rule Gains Renewed Traction Amid New U.S. Tariffs

As tariffs rise, companies are revisiting the First Sale Rule to lower import duties, despite its strict requirements and paperwork.

OPEC+ Meeting Spurs Market Caution, Drives Oil Prices Lower

Oil prices fell as OPEC+ plans to boost output, with Brent crude at $64.09 and WTI at $60.89 per barrel amid rising supply expectations.

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