Hugh Cameron

London

Reporter at Newsweek

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Articles

Trump Media ventures into crypto with MAGA-aligned investment offerings

1 day ago | newsweek.com | Hugh Cameron

Trump Media and Technology Group Corp., the media firm in which the president holds a controlling stake, is entering the crypto space with the launch of exchange-traded funds (ETFs) focused on digital assets. TMTG-known for operating Truth Social, President Donald Trump's preferred social media platform-announced the move in a news release on Tuesday.
US warned of 'something worse than recession'

1 day ago | newsweek.com | Hugh Cameron

The U.S. is facing a situation "worse than a recession," as a result of rising global trade tensions and mounting U.S. debt, according to billionaire hedge fund manager Ray Dalio. In a recent interview with NBC's Meet the Press, the founder of Bridgewater Associates warned of a "a breaking down of the monetary order," and "profound changes in the world order," if current financial, economic, and trade challenges are not effectively managed by the administration.
China threatens retaliation if Trump tries to isolate country

2 days ago | newsweek.com | Hugh Cameron

Beijing has promised firm countermeasures against any nation that "appeases" the United States, in response to reports that President Donald Trump is attempting to economically isolate China in negotiations over reciprocal tariffs. "It should be pointed out in particular that China firmly opposes any party reaching a deal at the expense of China's interests," the country's commerce ministry said on Monday.
Elon Musk faces "code red situation" before Tesla earnings call

2 days ago | newsweek.com | Hugh Cameron

Analysts believe Elon Musk is at a crossroads, with his role in government and the direction of his core business in focus as Tesla prepares to report its first-quarter results on Tuesday. Why It MattersSince Musk took on his role as de facto chief of the Department of Government Efficiency (DOGE), Tesla's brand has been collaterally linked with the department's sweeping cost-cutting efforts and President Donald Trump's administration more broadly.
Why Are Flags Are Half-Mast in US Today, This Week?

2 days ago | charlotteobserver.com | Hugh Cameron

half-mast flags. The U.S. flag flies at half staff near the Washington Monument on the National Mall in honor of Pope Francis on April 21, 2025 in Washington, DC. U.S. President Donald Trump ordered U.S. flags to be lowered to half-staff in honor of the Pope who died at age 88. Anna Moneymaker/Getty Images All federal and state flags will be displayed at half-staff this week in a show of respect for the recent passing of Pope Francis.
How Pope Francis Radically Reshaped the Catholic Church

3 days ago | newsweek.com | Hugh Cameron

Pope Francis has died, but the transformative impact of his papacy-marked by structural reforms that some view as a return to the Church's roots, and others as a further departure from them-will endure as his lasting legacy. Jorge Mario Bergoglio was a man of many firsts. When the white smoke arose from the Sistine Chapel more than a decade ago, he became the first pope from the Americas, the first from the Southern Hemisphere, and the first to be a member of the Jesuit Order.
Map reveals states worst impacted by Trump's tariffs

6 days ago | newsweek.com | Hugh Cameron

Under America's new trading framework, and the continually expanding list of nations and goods subject to President Donald Trump's tariffs, many states will be forced to spend billions more to sustain their current levels of imports. The effects will not be felt equally across the U.S., with the structure of each states' economy and their import-reliance dictating how significant these will be.
Tariffs will cost each household nearly $5,000 a year: Report

1 week ago | newsweek.com | Hugh Cameron

President Trump's tariffs, and the foreign retaliation these have resulted in, could cost U.S. households nearly $5,000, according to a recent report. In its latest trade policy update, released Tuesday, the Budget Lab at Yale estimated that the tariffs currently in place will result in three-percent price increases in the short-term, equivalent to a per-household cost of $4,900.
What China's reported Boeing boycott means for the company

1 week ago | newsweek.com | Hugh Cameron

Boeing has reportedly been launched into the center of the U.S.-China trade war, adding to the difficulties already facing America's largest aircraft manufacturer. According to Bloomberg, citing anonymous sources familiar with the matter, Beijing has directed its airlines not to take any further deliveries of Boeing aircraft, with a halt also placed on imports of aircraft-related parts from all American companies.
Idea to put federal workers in factory jobs created by tariffs sparks fury

1 week ago | newsweek.com | Hugh Cameron

Federal government employees have rebuked Treasury Secretary Scott Bessent over his suggestion that fired workers can find employment in America's manufacturing sector, on the cusp of a boom thanks to President Donald Trump's tariffs. "No American wants to give up their job for a promise from the Trump administration of a potential job in a completely different line of work at some unspecified time in the future," the American Federation of Government Employees (AFGE) told Newsweek.