Pete Gannon

Editor at Axios

Featured in: Favicon

axios.com

yahoo.com

flipboard.com Favicon

newsbreak.com Favicon

socceramerica.com Favicon

msn.com

savingseafood.org Favicon

bisanet.org Favicon

news.yahoo.com Favicon

portfolio.bisanet.org

Articles

Trump Media plans $2.5 billion bitcoin purchase

1 week ago | axios.com | Pete Gannon

President Trump. Photo by Anna Moneymaker/Getty ImagesTrump Media & Technology Group, the publicly traded parent company of President Trump's social media platform, said Tuesday it is raising $2.5 billion to buy bitcoin. Why it matters: It's the latest of several crypto strategies by businesses linked to President Trump — moves that have drawn congressional criticism and slowed progress on digital-asset legislation.
Off Target

2 weeks ago | axios.com | Pete Gannon

Photo: David Paul Morris/Bloomberg via Getty ImagesTarget today missed expectations for Q1 earnings and revenue and cut its full-year sales forecast. ğ¯ Zoom in: The retailer's comparable sales fell 3.8% in the first quarter. Over those three months, it saw fewer customers, and those shoppers spent less per visit. The company pointed to factors like lower consumer confidence, uncertainty over potential tariffs and customer boycotts after rolling back DEI initiatives in January.
Moody's cuts U.S. credit rating on growing debt burden

3 weeks ago | axios.com | Pete Gannon

The U.S. Treasury Department in Washington. Photo: Aaron Schwartz/Bloomberg via Getty ImagesMoody's Ratings cut its credit rating on the United States by one notch on Friday, citing an increase in government debt and interest payment ratios. Why it matters: The Moody's downgrade to Aa1 removes the U.S. government's last remaining triple-A credit rating, diminishing its status as the world's highest-quality sovereign borrower.
New SEC chair intends to write rules for crypto

3 weeks ago | axios.com | Brady Dale |Pete Gannon

Securities and Exchange Commission Chairman Paul Atkins in April. Photo: Anna Moneymaker/Getty ImagesThe new head of the U.S. securities regulator plans to modernize SEC rules and forms to better accommodate the registration of new crypto assets. Why it matters: The digital asset industry has long sought a way to issue assets within U.S. regulations.
New SEC chair intends to write rules for crypto

3 weeks ago | flipboard.com | Brady Dale |Pete Gannon

9 hours agoBitcoin and crypto have surged over the last few weeks as fears swirl a $2.5 trillion “avalanche” is heading for the U.S. dollar. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes’ CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters …
A U.K. trade deal

4 weeks ago | axios.com | Pete Gannon

The U.S. and Britain this morning unveiled the framework for a sweeping new trade pact, which sparked investor optimism that more may be on the way. Stocks rose, bond prices fell, and bitcoin jumped back over $100,000 as investors pivoted back into a risk-on trade. But some specific winners emerged from today's agreement. What's inside: The universal 10% tariff on U.K. imports will remain. However, tariffs on U.K. autos will be lowered from 27.5% to 10%, with a quota of 100,000 vehicles.
What we learned from tech earnings this week

1 month ago | axios.com | Pete Gannon

Illustration: Lindsey Bailey/AxiosSpending on artificial intelligence isn't slowing, and tariffs — so far — aren't taking a huge toll on business, Big Tech told us this week. Why it matters: A slew of tech giants just delivered solid earnings, providing at least some answers to burning questions about how the industry is faring in the midst of President Trump's trade war.
Trump rejects stock market impact post GDP report, but it's all him

1 month ago | axios.com | Emily Peck |Pete Gannon

President Trump rejected any blame for the stock markets's slide this year in a post Wednesday morning: "This is Biden's Stock Market, not Trump's. I didn't take over until January 20th," he wrote on Truth Social.
This is Trump's stock market, like it or not

1 month ago | flipboard.com | Emily Peck |Pete Gannon

Trump insists this is ‘Biden’s Stock Market’ in wake of tariff turbulencePresident Trump on Wednesday blamed turbulence in the stock market on his predecessor despite it being sparked in the wake of his widespread tariff …
Apple ramps up India plan

1 month ago | axios.com | Pete Gannon

Apple is reportedly moving on a plan to drastically and quickly ramp up iPhone assembly out of India, all but eliminating U.S. imports of the phones from China by the end of 2026. The big picture: The move suggests that Apple — whose CEO, Tim Cook, has kept close to President Trump — is not holding its breath for any favorable end to the Trump-China trade war.