
Trump golf courses to host PGA, LIV events in 2026
LIV Golf has announced it will return to Trump National Golf Club Washington D.C. in Sterling, Va., next year. The Saudi Arabia-backed tour has had an event on a Trump-owned course every year since its inception in 2022. It last held an event at the Trump National Golf Club in 2023. The 2026 event, scheduled for May 8-10, will be one of 14 events on the tour.
The PGA Tour, meanwhile, has scheduled an event at Trump National Doral, just outside Miami, according to Sports Business Journal. The tournament is expected to be played April 30-May 3, which slots in three weeks following the Masters and two weeks ahead of the PGA Championship.
Per SBJ, the tournament could be a signature event that includes a $20 million purse.
Both LIV Golf and the PGA Tour have a history of hosting events at Doral. LIV tournaments were played there for the first four years of its existence, 2022 to 2025, before the circuit didn't return to the Blue Monster this year.
That opened the door for the PGA Tour to return to Doral and add to its 54-year history of events there. The last one was the 2016 World Golf Championships-Cadillac Championship - REUTERS
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Star
24 minutes ago
- The Star
Trump holds high-stakes meeting with Intel CEO after calling for his resignation
Intel chief executive officer Lip-Bu Tan — Intel U.S. President Donald Trump said he met with Intel CEO Lip-Bu Tan on Monday, days after seeking his resignation, praising Tan and calling the meeting "a very interesting one." Shares of the chipmaker rose 3% in extended trading. Last week, Trump had demanded the immediate resignation of Tan, calling him "highly conflicted" over his ties to Chinese firms, injecting uncertainty into the chipmaker's years-long turnaround effort. Trump said he met with Tan, along with Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent. His cabinet members and Tan were going to bring suggestions to him next week, Trump said in a post on Truth Social. "His success and rise is an amazing story," Trump said about Tan. Tan had invested in hundreds of Chinese firms, some of which were linked to the Chinese military, Reuters reported exclusively in April. It is not illegal for U.S. citizens to hold stakes in Chinese companies unless they have been added to the U.S. Treasury's Chinese Military-Industrial Complex Companies List, which explicitly bans such investments. Tan has been tasked to undo years of missteps that left Intel struggling to make inroads in the booming AI chip industry dominated by Nvidia, while investment-heavy contract manufacturing ambitions led to hefty losses. In the roughly six months as Intel CEO, Tan made major strategic shifts that included divesting assets, laying off employees and redirecting resources. But the demand for Tan's resignation will only distract him from that task, investors and a former senior employee have told Reuters. Tan is now making an effort to reassure Trump that he remains the right person to revive the storied American chipmaker. Tan met with Trump for a candid and constructive discussion on the company's commitment to strengthening U.S. technology and manufacturing leadership, Intel said in a statement. The company said it would work closely with the administration to "restore this great American company." Trump's intervention marked a rare instance of a U.S. president publicly calling for a CEO's ouster and raised questions about his control over corporate affairs. This was also evident in an agreement calling for Nvidia and AMD to give the U.S. government 15% of revenue from China sales. - Reuters


New Straits Times
24 minutes ago
- New Straits Times
Japan's Nikkei rallies to record high, SoftBank surges
TOKYO: Japan's Nikkei share gauge powered to an all-time high on Tuesday, swept up by sharp gains for tech stocks, as it caught up with peaks scaled earlier this year by other major global stock markets. The Nikkei 225 rose as much as 2.1 per cent to 42,715.72 in early trade, exceeding the previous high of 42,426.77 set on July 11, 2024. In a roller-coaster ride in 2024, the Nikkei had exceeded a record that had stood since 1989 during Japan's bubble economy. Japan's broader Topix gauge has been setting successive record highs since July 24 and also scored a new all-time high on Tuesday. The US Standard & Poor's 500 and MSCI's broadest gauge of global equities have been charting new peaks since June. Steep gains by tech shares helped the Nikkei finally get over the line. SoftBank Group soared 6.7 per cent after Reuters reported the conglomerate was selecting banks for a US listing of its payments app operator PayPay. Semiconductor industry heavyweights Advantest and Lasertec jumped more than 5 per cent. "The Nikkei was not able to hit a record until today because chip-related shares and auto shares dragged the index," said Takamasa Ikeda, senior portfolio manager at GCI Asset Management. "The Nikkei could soon peak as technology shares that led the Wall Street's rally have slowed down." Global equities tumbled after US President Donald Trump's April 2 "Liberation Day" announcement of sweeping tariffs on imports from dozens of countries into the US Shares have since more than recouped those losses as trade concerns abated and enthusiasm over artificial intelligence companies soared. Foreign money has been flooding into the Japanese market of late, but data from the Tokyo Stock Exchange last week indicated those flows may have peaked. Overseas investors turned net sellers of Japanese stocks and futures for the first time in 16 weeks in the period ending Aug. 1. They sold a net 342 billion yen (US$2.31 billion) of shares and futures, a sharp reversal from net purchases of 1.26 trillion yen in the previous week.


New Straits Times
an hour ago
- New Straits Times
Asia stocks mostly higher as tariff truce supports sentiment
SINGAPORE: Most Asian stocks rose on Tuesday, buoyed by an extension of a tariff truce between the world's two largest economies, while Japanese shares hit an all-time peak, powered by tech shares after returning from a long weekend break. US President Donald Trump extended a tariff truce with China by another 90 days on Monday, staving off triple-digit duties on Chinese goods, a move that was largely expected by investors and markets. Investor sentiment in recent weeks has been supported by expectations of rate cuts by the US Federal Reserve, resilient US corporate earnings as well as clarity on US trade levies on trading partners. Japan's Nikkei climbed to a record high and was last up 2 per cent as the country's markets reopened after a public holiday on Monday, tracking other global indices this year. Australia's benchmark index also hit a record high, ahead of a monetary policy meeting at which the central bank is widely expected to cut interest rates. That left MSCI's broadest index of Asia-Pacific shares outside Japan a tad higher. China's blue-chip stocks were flat while Hong Kong's Hang Seng index eased 0.1 per cent in early trading. Markets have held modest ranges in recent weeks, waiting to see whether the world's two largest economies can agree on a durable trade deal or if global supply chains will again be upended by the return of steep import levies. The US-China tariff truce extension "preserves the status quo for now, so no immediate implications for investment markets," said Shane Oliver, chief economist and head of investment strategy at AMP in Sydney. The US and China have engaged in a tit-for-tat tariff duel throughout the year, culminating in trade talks in Geneva, London and Stockholm since May that focused on bringing retaliatory tariffs down from triple-digit levels. The latest truce extension clears the way for investors to focus on an action-packed week dominated by US inflation data, a central bank policy decision in Australia and the first summit between US and Russian leaders since June 2021. Traders are pricing in a 25 basis points rate cut later on Tuesday from the RBA with another cut expected by November. Investor attention will be on comments and forecasts from the central bank. "The uncertainties are around its guidance, in particular whether it still sees further scope to cut rates and whether it will remain gradual and measured," said AMP's Oliver. Globally, the spotlight will be on the release of US consumer price inflation data later on Tuesday. Economists polled by Reuters have forecast that month-on-month core CPI edged up 0.3 per cent in July, faster than the 0.2 per cent in the previous month. "CPI will be a key test for market tone. Softer data could give small-caps a lift, but for now, mega-caps remain firmly in control," said Marc Velan, head of investments at Lucerne Investment Management. An upside surprise on inflation may also add caution to market expectations of rate cuts by the Federal Reserve this year. Investors are currently pricing in at least two rate cuts from the Fed in 2025 while J.P. Morgan expects the Fed to deliver four successive rate cuts starting in September. In commodities, gold prices were last at US$3,354, having dropped nearly 1.6 per cent on Monday after Trump said tariffs will not be placed on imported gold bars. Oil prices were steady ahead of the August 15 meeting between Trump and Russian President Vladimir Putin, aimed at negotiating an end to the war in Ukraine. The talks follow increased US pressure on Russia, raising the prospect of penalties on Moscow if a peace deal is not reached. "The market is not pricing in significant outcomes from the meeting, but any shift in geopolitical tone could have marginal impact, particularly for commodities and certain emerging market assets," said Lucerne's Velan. Currencies were mostly calm in early trading, with the dollar steady against major peers the euro and the yen. Cryptocurrencies bitcoin and ether were a tad lower after rallying in the previous session.