Trump backs temporary suspension of federal gasoline tax amid Iran war

Huang's inclusion highlights the strategic importance of tech diplomacy in US-China relations, impacting global semiconductor dynamics. The post Trump calls Nvidia CEO personally to join China trip amid chip diplomacy tensions appeared first on Crypto Briefing.

Nvidia's market confidence reflects optimism for eased tech restrictions, potentially boosting its global standing amid geopolitical shifts. The post Nvidia stock hits record high as CEO joins Trump on China trip appeared first on Crypto Briefing.

Jensen Huang boarded Air Force One in Alaska, joining a delegation of more than a dozen business leaders accompanying President Trump on his trip to Beijing.

Increased tariffs could drive crypto mining operations overseas, consolidating the industry and potentially stifling domestic innovation. The post Trump directs USTR Greer to impose more tariffs, raising fresh concerns for crypto miners appeared first on Crypto Briefing.

Trump's focus on non-proliferation over economic issues may hinder diplomatic progress, increasing geopolitical tensions and market uncertainty. The post Trump prioritizes Iran nuclear non-proliferation over economic concerns appeared first on Crypto Briefing.

The post Inflation Surge to 3.8% Complicate Warsh’s Expected Fed Takeover appeared on BitcoinEthereumNews.com. Rising CPI at 3.8% limits Fed easing options as inflation expectations rise. Kevin Warsh faces pressure between Trump’s rate-cut push and markets demanding tight policy. Bitcoin gains traction as Fed uncertainty boosts demand for decentralized assets. Kevin Warsh appears set to become the next leader of the U.S. Federal Reserve during one of the most difficult inflation periods in years. Fresh consumer inflation data now threatens to trap the incoming chair between political pressure from President Donald Trump and financial markets demanding tighter policy. The latest Consumer Price Index report showed inflation accelerating sharply. Headline CPI climbed to 3.8%, marking its highest reading in three years. Meanwhile, Core CPI rose to 2.8%, its highest level in eight months. Consequently, investors immediately reduced expectations for interest rate cuts during 2026. Markets no

The post WTI Crude Oil rallies (again) as Trump rejects Iran peace proposal appeared on BitcoinEthereumNews.com. Wednesday’s EIA inventory data will test how tight US crude supply has become amid the prolonged Hormuz closure. WTI Crude Oil climbed about 3.3% on Tuesday, extending a multi-day rally that pushed price toward the $100 round figure in spot markets. The session printed a steady stepwise advance through European and US trade, marking a high close to $99.40 before consolidating around $98.70 just below the triple-digit level. The Tuesday rally followed President Trump’s rejection of Tehran’s latest peace proposal, which he dismissed as ‘garbage’ while warning the existing ceasefire was on ‘life support.’ Reports suggested Trump is preparing to meet with his national security team to consider renewed military action and to discuss escorting commercial vessels through the Strait of Hormuz, further reducing the likelihood of a near-term reopening. Saudi Aramco CEO Amin Nasser war

The post US government previews Trump’s trip to China with CEOs from key industries appeared on BitcoinEthereumNews.com. President Donald Trump is heading to Beijing on May 14 with a corporate entourage that reads like a Fortune 500 all-star roster. Sixteen CEOs from American industry’s biggest names will accompany him for a two-day summit aimed at hammering out trade agreements across aerospace, energy, and agriculture. It’s the first time a sitting US president has visited China since 2017. Who’s on the plane The delegation features some of the most recognizable names in American business. Elon Musk, Tim Cook, Larry Fink, and leaders from Boeing, Citi, Goldman Sachs, and Qualcomm are all confirmed to be part of the traveling party. The summit’s agenda reportedly spans trade deals, AI cooperation frameworks, rare earth mineral access, and thornier geopolitical topics including the Iran war and Taiwan. The administration has signaled its intent to establish what it’s calling a “board o