Trump's China Envoy Seeks to Calm US Firms as Trade Ties Fray
The envoy told US business groups on Thursday the Trump administration is looking for ways to cooperate with China and supports their presence in the country, according to people familiar with the matter. The exchanges took place as a dispute over China's grip on critical materials threatens to derail tariff talks that the US said has stalled.
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West Virginia sends hundreds of National Guard members to Washington at Trump team's request
West Virginia sends hundreds of National Guard members to Washington at Trump team's request WASHINGTON (AP) — Hundreds of West Virginia National Guard members will deploy across the nation's capital as part of the Trump administration's effort to overhaul policing in the District of Columbia through a federal crackdown on crime and homelessness. Gov. Patrick Morrisey, announced Saturday that he was sending a contingent of 300 to 400 to nearby Washington at the Republican administration's request. They will arrive in the district along with equipment and specialized training services, his office said in a statement. 'West Virginia is proud to stand with President Trump in his effort to restore pride and beauty to our nation's capital,' Morrisey said. 'The men and women of our National Guard represent the best of our state, and this mission reflects our shared commitment to a strong and secure America.' The move comes as federal agents and National Guard troops have begun to appear across the heavily Democratic city after Trump's executive order Monday federalizing local police forces and activating about 800 D.C. National Guard troops. By adding outside troops to join the existing National Guard deployment and federal law enforcement officers temporarily assigned to Washington, the administration is exercising even tighter control over the city. It's a power play that the president has justified as an emergency response to crime and homelessness, even though district officials have noted that violent crime is lower than it was during Trump's first term in office. The West Virginia activation also suggests the administration sees the need for additional manpower, after the president personally played down the need for Washington to hire more police officers. Maj. Gen. James Seward, West Virginia's adjutant general, said in a statement that members of the state's National Guard 'stand ready to support our partners in the National Capital Region' and that the Guard's 'unique capabilities and preparedness make it an invaluable partner in this important undertaking.' Federal agents have appeared in some of the city's most highly trafficked neighborhoods, garnering a mix of praise, pushback and alarm from local residents and leaders across the country. City leaders, who are obliged to cooperate with the president's order under the federal laws that direct the district's local governance, have sought to work with the administration though have bristled at the scope of the president's takeover. On Friday the administration reversed course on an order that aimed to place the head of the Drug Enforcement Administration as an 'emergency police commissioner' after the district's top lawyer sued to contest. After a court hearing, Trump's attorney general, Pam Bond, issued a memo that directed the Metropolitan Police Department to cooperate with federal immigration enforcement regardless of any city law. District officials say they are evaluating how to best comply. In his order Monday, Trump declared an emergency due to the 'city government's failure to maintain public order.' He said that impeded the 'federal government's ability to operate efficiently to address the nation's broader interests without fear of our workers being subjected to rampant violence.' In a letter to city residents, Mayor Muriel Bowser, a Democrat, wrote that 'our limited self-government has never faced the type of test we are facing right now." She added that if Washingtonians stick together, 'we will show the entire nation what it looks like to fight for American democracy -– even when we don't have full access to it.' ___ Associated Press writer Josh Boak contributed to this report. Matt Brown And Mike Pesoli, The Associated Press
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21 minutes ago
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Mega $33M office-shipping center near N.J. Turnpike to open next year
The Joyce Kilmer Logistics Center, a new $33 million industrial project in Middlesex County, is expected to be completed in 2026. Faropoint and Deugen Development closed on the construction loan for the 195,421-square-foot complex this summer, according to a news statement issued by Cushman & Wakefield, which arranged the loan. The center, located at 701 Joyce Kilmer Ave. in New Brunswick, will feature 36-foot clear ceiling heights, 32 loading docks and electric vehicle parking spaces, and modern office space, according to the statement. It is designed to accommodate mid-sized users, with the flexibility to divide into smaller units ranging from 40,000 to 50,000 square feet. The project is strategically positioned near major transportation routes including the New Jersey Turnpike (I-95) and Route 1, providing easy access to key consumer markets in New York City and Philadelphia. 'The Exit 9 industrial corridor has become a gateway for commerce in the northeast and has benefitted from a rapid surge in demand for modern industrial facilities, driven by e-commerce growth and supply chain optimization,' said Brad Domenico of Cushman & Wakefield. The development also addresses a specific market need, according to Orry Michael, vice president of Northeast Acquisitions at Faropoint, who said there is a 'limited supply of new Class A product with suites under 100,000 square feet in this Exit 9 micro-location.' Generative AI was used to produce an initial draft of this story, which was reviewed and edited by NJ Advance Media staff.
Yahoo
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Aecom (ACM) Is A Top Stock For US Manufacturing Reshoring, Says Jim Cramer
We recently published . AECOM (NYSE:ACM) is one of the stocks Jim Cramer recently discussed. AECOM (NYSE:ACM) is an American infrastructure consulting firm based in Texas. Its shares have gained 12% year-to-date and jumped by 6.3% in August after the firm's fiscal third quarter earnings. The results saw the firm's $1.34 in EPS and $4.178 billion in revenue beat analyst estimates of $1.26 for the EPS and miss the estimates of $4.30 billion. After the results, analysts from Keybanc and UBS raised Aecom (NYSE:ACM)'s share price targets to further stimulate the stock. Cramer also believes that the firm is a key play to benefit from data center construction and US manufacturing re-shoring: '. . .people are looking for ways to be able to play the reshoring. The best ways are Aecom . . .But Aecom and Jacobs go. . .' During its earnings call, AECOM (NYSE:ACM)'s management commented on its business tailwinds: 'Infrastructure enjoys strong bipartisan support across all of our markets and is an essential element of thriving economies. Fourth, we are investing to accelerate organic growth and expand our competitive advantage. This includes ongoing additions to our advisory and program management teams to meet growing demand as our clients navigate greater regulatory uncertainty and larger investments. This is consistent with our long-term objective of delivering 50% of revenue from advisory and program management over time.' While we acknowledge the potential of ACM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
