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2025-01-20
Revolutionizing Outdoor Living: Pergomatic’S Custom Pergolas Lead The Way Across The United StatesAP Trending SummaryBrief at 6:06 p.m. ESTUS President-elect Donald Trump on Monday praised Japan's SoftBank for its decision to invest $100 billion in the United States and create 100,000 new jobs, a big win for his incoming administration. "This historic investment is a monumental demonstration of confidence in America's future," Trump said during a press conference at his Mar-a-Lago residence in Florida, flanked by SoftBank chief executive Masayoshi Son. "It will help ensure that artificial intelligence, emerging technologies and other industries of tomorrow are built, created and grown right here in the USA," added Trump, who takes office from US President Joe Biden next month. Speaking alongside Trump, Son confirmed the investment company's financial commitment, adding that Trump's victory had "tremendously increased" his confidence in the US economy. "I am truly excited to make this happen," added Son, 67. Son's announcement is around double the amount he committed SoftBank to in December 2016, shortly before Trump began his first term as president. The Japanese investment holding company ultimately parted with around $100 billion through its Vision Fund, with much of the money supplied by sovereign wealth funds in Saudi Arabia and the United Arab Emirates. "President Trump is a double-down president," Son said on Monday, adding: "I'm going to have to double down." Son made his name with successful early investments in Chinese e-commerce titan Alibaba and internet pioneer Yahoo, but has also bet on catastrophic failures such as WeWork. He has repeatedly said that "artificial superintelligence" will arrive in a decade, bringing new inventions, new medicine, new knowledge and new ways to invest. The SoftBank Group posted a bumper second-quarter net profit last month, returning to the black after net losses in the first quarter and the previous financial year. The company indicated back in March that it had $26 billion ready to be deployed for new investments. Stephen Moore, an economic advisor to Donald Trump, said the announcement marked a "great day." "The importation of capital into the US is a huge leading indicator for jobs and prosperity to come," Moore, an economist at the conservative Heritage Foundation, told AFP in a message. On the campaign trail, Trump pledged to boost the US economy by cutting red tape and fast-tracking investments, including into the oil and gas sector. US financial markets surged following his victory on November 5, with the tech-rich Nasdaq Composite index and the broad-based S&P 500 both hitting fresh records. Despite the enthusiasm in the markets, some analysts have voiced concern that Trump's proposals to implement new tariffs on US imports and deport millions of undocumented workers could end up hurting growth, and causing a spike in inflation. "The increased likelihood of substantial new tariffs on US imports would have the most consequential effect on economic growth," economists at Wells Fargo wrote in a recent note to clients, adding they had "bumped up" their inflation outlook and slightly cut their GDP forecast following Trump's win. Other analysts say the impact of Trump's tariff plans will largely depend on how they are actually implemented. "The impact on inflation need not be particularly significant for monetary policy," economists at Goldman Sachs wrote in a recent investor note. But, they added "this could change if the White House imposes a 10 percent universal tariff," referring to one of Trump's proposals on the campaign trail. Speaking in Mar-a-Lago on Monday, Trump insisted that, "properly used," tariffs would be positive for the US economy. "Our country right now loses to everybody," he said. "Almost nobody do we have a surplus with." "Tariffs will make our country rich," he added. da-tu/nroubet63 free 100

Trump’s FBI pick Kash Patel faces scrutiny over overhaul plans

Syrian insurgents reach the capital's suburbs. Worried residents flee and stock up on suppliesWith the crypto market going on a rampage and the major players touching new heights, there are hidden gems that have huge potential to be discovered. As Bitcoin continues to go above and beyond expectations, lesser-known altcoins are set to ride the wave. Understanding which low-cap coins are set to explode could be the key to maximizing returns during this exhilarating bull run. XYZVerse (XYZ) unites sports fans in a memecoin aiming for massive growth, blending meme hype with athletic passion in a community-driven ecosystem targeting unprecedented success. The All-Sports Meme Token You Can’t Afford to Bench! XYZ is your exclusive VIP pass to a sports-driven, meme-fueled revolution. Think of it as the MVP of the XYZVerse ecosystem, where degens can score big off the growing demand for meme coins Picture this: Polymarket hitting $1 billion in trading volume during the US presidential election – now throw in the hype of meme coins and the thrill of sports betting. With millions of sports fans ready to hit the field and cash in the XYZVerse ecosystem is set to keep expanding – and your rewards will slam dunk through the roof! >>>XYZ presale is your first-quarter chance to get in before the mind-blowing explosion!>Don’t be left on the bench – grab your XYZ tokens now and be part of the next massive crypto championship! 24/7 San Diego news stream: Watch NBC 7 free wherever you are If the technology exists for a drone to make it up into the sky, there certainly is the technology that can track the craft with precision and determine what the heck is going on,” Schumer told reporters on Sunday. Schumer said he is requesting Robin’s equipment in part because it uses “not a linear line of sight, but 360-degree technology that has a much better chance of detecting these drones.” In recent years, the Netherlands-based Robin Radar Systems has risen in prominence, though its hardware is not only used to track down drones. Robin is part of a consortium developing small radar satellites that can measure water levels, according to the Netherlands Space Office. In February, the company also deployed four bird-detection radars to support the creation of what has been billed as the world’s most ecological wind farm in the Dutch part of the North Sea. Follow along for live coverage U.S. & World Is that a drone or a plane? Experts help explain the differences Trump loses bid to toss New York hush money conviction on immunity claim In early October 2023, Robin announced it had joined a group of organizations working on the development of the world’s most advanced weather radar , known as PHARA. The group’s mission is to “develop a fully 3D weather radar that can accurately track the movement and growth process of cloud particles and large-scale weather fronts.” “Detecting small objects is what we do, and it’s what we do best,” the company says on its website. “Bird, bat, or drone, our 360° radar systems log thousands of observations, scanning every second to track and classify with precision.” Robin’s systems have been used in at least one notable military context, too. In early August, the Dutch Ministry of Defense announced it had purchased 51 drone radars from the company and planned to donate them to Ukraine as President Volodymyr Zelenskyy’s forces attempt to fend off Russia’s aerial assault. In a news release announcing the purchase, Robin explained that “traditional radar systems are typically stationary, mounted on fixed platforms like buildings or tripods.” But the Robin-produced radar systems have “on-the-move” functionality, allowing them to “perform even when mounted on mobile objects, like vehicles or ships.” “Robin’s 3D drone detection radars ... are designed with the explicit purpose of detecting small, fast and elusive drones,” the company said. The deployment of Robin technology could come as a relief to residents in the New York and New Jersey areas who have been rattled by the bright, unidentified flying objects hovering above their homes almost every night for weeks. The objects have appeared in the sky since at least Nov. 18. It remains unclear who is operating the devices. The Pentagon has insisted the objects are not owned by the military. In an interview with NBC News on Monday, Robin Radar Systems general manager Kristian Brost said the company’s radars can detect a drone in the sky, but “we can’t tell you who’s flying it [or] what country it’s from.” Schumer’s request to Homeland Security came two days after New York Stewart International Airport was closed following multiple drone sightings nearby. The Democratic lawmaker told reporters it was “remarkable” that “we have more questions than answers” amid a growing number of mysterious sightings. “Some of the drones are small. Some of the drones’ flight patterns are erratic,” Schumer said. “Multiple drones flying together can confuse a traditional radar system, and that’s why, again, this new technology can really get us the answers that we need.” Schumer said he was working to pass a bill that would give local law enforcement “more tools for drone detection.” Currently, only federal agencies have the legal authority to scour for drones. The Democratic lawmaker’s office did not immediately respond to an email Monday requesting more information. New Jersey Gov. Phil Murphy, meanwhile, said on X late Sunday that he had met with state police officials and radar technicians who are “surveying the area for unmanned aircraft systems.” “The public deserves clear answers — we will keep pushing the federal government for more information and resources,” Murphy said. Tom Costello contributed. This article first appeared on NBCNews.com. Read more from NBC News here: FBI warns some lawmakers that China aims to create fake stories about them to erode support for Taiwan Judge in Trump's hush money case denies bid to toss out guilty verdict Women's basketball league Unrivaled secures $28 million in new funding from star-studded investor lineup

Judge weighs whether to order Fani Willis to comply with lawmakers’ subpoenas over Trump case


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