President Donald Trump has predicted that Elon Musk will find “billions of dollars” of wasted money in Pentagon.

Trump has initiated a trade war by imposing tariffs on Mexico, Canada, China, and potentially the European Union and Taiwan.

Donald Trump has threatened BRICS member countries against any move that undermines the “mighty US dollar”, warning that nations abandoning the dollar “should say hello to tariffs and goodbye to America.”

The Trump administration's initial attempt to freeze federal expenditures caused widespread alarm, potentially impacting trillions of dollars and the national economy.

A low-cost Chinese artificial intelligence model has threatened the US tech dominance and wiped $600 billion in Nvidia’s market value, decreasing the fortunes of some of the world’s wealthiest men.

Europe’s prominent carmakers called on the EU to help prevent a “trade conflict” with the US through negotiating a “grand bargain”, days before Donald Trump officially assumes presidency.

The latest data released by the US Treasury Department indicate that the country’s budget deficit has widened to a new record in the October to December period.