ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
"Stargate" is an evocative term. It's the title of a 1994 Kurt Russell film, and the code name for a secret 1970s Army unit to study psychic phenomena (which, come to think of it, should also be a film). |
Now, Stargate is also the moniker for a new private-sector investment of up to $500 billion to build artificial intelligence infrastructure, aiming to outpace rival nations in the business-critical technology. President Trump announced it on Tuesday. Here's the full plan. |
A possible future for TikTok |
Trump said Tuesday he is open to Elon Musk buying TikTok, and he floated a proposal that the United States jointly own half the company. |
Musk, CEO of Tesla and SpaceX, emerged as a potential buyer days before the application was set to shut down. Trump on Monday issued an executive order that halts enforcement of a ban on the mega popular video app for 75 days. |
No more government 'censorship' |
Trump has also signed an executive order banning "federal censorship" of online speech, drawing praise from supporters who say the Biden administration illegally suppressed conservative voices, and fire from critics who fear an unchecked wave of false and dangerous information on social media could endanger the American public. |
Is this a genuine plea for unfettered speech, or a ploy to enable unchecked falsehoods and conspiracy theories on social media? You be the judge . |
📰 More stories you shouldn't miss 📰 |
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | | | Trump said the private sector joint venture will build data centers and create more than 100,000 jobs in the United States. | | | | Trump on Monday issued an executive order that halts enforcement of a ban of TikTok for 75 days. | | | | President Donald Trump signed an executive order banning "federal censorship" of online speech. Some fear it will make social media more toxic. | | | | Most Americans feel their bank accounts aren't keeping up with inflation, a new survey finds. | | | | Netflix on Tuesday said it would hike its monthly subscription costs in the U.S. | | | | No one knows yet how many cars have been destroyed in the fires, but it's certain that thousands will need to be replaced. | | | | Supermarkets are planning strategies and products to satisfy consumers. Here are 10 trends to watch for in 2025. | | | | Cash App's parent company Block has been ordered to pay $175 million to users and the Consumer Financial Protection Bureau's victim relief fund. | | | | The price of Bitcoin soared 119% in 2024, and the bulls have been out in full force, making predictions about where the cryptocurrency is headed. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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