Left behind: Trump's travel ban leaves former allies stranded
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Yahoo
25 minutes ago
- Yahoo
Along With $100 Billion U.S. Manufacturing Commitment, Apple's Tim Cook Gifted Trump A Glass 'Made In USA' Plaque On 24-Karat Gold
Apple (NASDAQ:AAPL) CEO Tim Cook earned the title of "tech's Trump whisperer" in the president's first term, and he just may have shown why. Cook gifted President Donald Trump a glass plaque with a 24-karat gold base on Aug. 6. The move came as he announced at the White House that Apple would invest $100 billion in the U.S. over the next four years, adding to the $500 billion the company had announced in February. The plaque was engraved with Trump's name, a reference to Apple's U.S. manufacturing efforts, Cook's signature and the phrase "MADE IN USA." Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — Bill Gates Warned About Water Scarcity. "It's a unique unit of one," Cook said. He pointed out that the glass came from U.S. glass maker Corning (NYSE:GLW) and that the base came from Utah. What's more? Cook said it was all designed by a former U.S. Marine who now works for Apple. "Thank you very much, it's fantastic," Trump said. Cook's gift may offer a masterclass on how to curry favor with the president, combining two things of apparent symbolic importance to Trump: gold and the military. From golden tweezers to gold merchandise and, most recently, the gold card visa, Trump's love for gold is well documented. In the same vein, he is also known for his love of displays of military might, though his treatment of veterans has come under question. Trending: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can But Cook's gift also adds to mounting legal and ethical concerns about Trump accepting gifts from foreign governments and business leaders seeking to curry favor. Still, the White House continues to deny any wrongdoing on the part of the president. "Elected leaders and business titans from around the world are traveling to the Oval Office to make historic investments into America because of President Trump's bold vision," White House spokesperson Davis Ingle told Axios. "Often these leaders are eager to share gifts highlighting the exciting work they are doing." Nonetheless, for Cook and Apple, the recent presentation has had the desired effect. During the meeting, Trump announced plans for a 100% tariff on semiconductor chips, adding that Apple would be exempt from the charge."The good news for companies like Apple is if you're building in the United States or have committed to build in the United States, there will be no charge," Trump said. Despite this major U.S. commitment and a personal exemption from new chip tariffs, Apple still faces significant challenges navigating the global trade landscape created by Trump. Cook said in May that tariffs on goods from India and Vietnam could add $900 million to its costs in its fiscal Q2. Read Next: These five entrepreneurs are worth $223 billion – Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? CORNING (GLW): Free Stock Analysis Report This article Along With $100 Billion U.S. Manufacturing Commitment, Apple's Tim Cook Gifted Trump A Glass 'Made In USA' Plaque On 24-Karat Gold originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
40 minutes ago
- Yahoo
'Your job is to ensure Hamas does not lead you astray': Lapid slams Netanyahu for admission
The Israeli opposition criticized Netanyahu's statements during his press conference, where he addressed details of the new IDF Gaza operation and hostage talks. Opposition leader and Yesh Atid chair MK Yair Lapid slammed Prime Minister Benjamin Netanyahu following his admission that Hamas misled Israel in hostage deal negotiations during the second press conference on Sunday. The 'admission that 'Hamas led us astray' is nothing short of astonishing,' he said on X/Twitter, adding, 'That's exactly your job: to ensure Hamas doesn't lead you astray.' "Netanyahu – get over it! There is no such thing as a 'green light from the Americans' to conduct negotiations," the Hostages and Missing Families Forum commented. 'These are Israeli citizens, and the State of Israel must lead the moves, demand, and press itself against the mediators for an end to the war and the return of all the hostages home. The responsibility for their lives lies with the Israeli government, not with any other country," they said in a statement. 'The United States has been working tirelessly to free the hostages, end this war, and give civilians in Gaza a future free of Hamas. To do so, we need to place the responsibility where it lies – with Hamas – and hold it and other Gaza terrorists fully accountable. Today's meeting, like so many other recent actions, undermines those efforts,' the US Mission to the UN had posted following the press conferences. Leader of the Blue and White Party, MK Benny Gantz, who was part of the Israeli security cabinet during some periods of the war, was one of the first to react: 'Too many words, too few actions, too much time.' Yisrael Beytenu chairman Avigdor Liberman stated: 'The Prime Minister of October 7 continues to lie with brazen audacity. He sacrifices the hostages on the altar of preserving the coalition, just as he sacrifices the regular and reserve soldiers to appease his natural partners – Shas and United Torah Judaism.' Yair Golan's harsh words over Netanyahu's press conference 'After 22 months of war, after promising that 'we are one step away from total victory,' after 674 days that our hostages are languishing in captivity, Netanyahu declared tonight: 'I have instructed the IDF to defeat Hamas.' Ridiculous,' The Democrats chair MK Yair Golan posted. 'As if until today, IDF soldiers were strolling in Gaza. What we saw tonight is not 'one step from victory' but the most severe security failure in Israel's history,' he said. 'The prime minister of 'Hamas is an asset,' who refuses to defeat the enemy for nearly two years and abandons dozens of Israeli citizens to die in captivity, is a danger to national security. Netanyahu is incapable of winning. He will not release the hostages. He is an utter failure. Israel will only win after he and his government are sent packing,' Golan concluded. The Hostages and Missing Families Forum addressed Netanyahu on Monday, asking him to publicly clarify his remarks at yesterday's press conference in response to a reporter's question, in which he ignored the fallen hostages. "He who abandons fallen ones ends up abandoning lives," the forum's address read. Uri Sela contributed to this report. Solve the daily Crossword
Yahoo
an hour ago
- Yahoo
Trump shifts ceasefire stance and urges Ukraine to agree Russia peace deal
Donald Trump has said he wants to bypass a ceasefire in Ukraine to move directly to a permanent peace agreement after his meeting with Russian President Vladimir Putin. In a major shift of position, the US president said on Truth Social following Friday's summit that this would be "the best way to end the horrific war between Russia and Ukraine", adding ceasefires often "do not hold up". Trump will welcome Volodymyr Zelensky, Ukraine's president, to Washington on Monday and urged him to agree to a peace deal. Following a phone call with Trump after the summit, Zelensky called for a real, lasting peace, while adding that "the fire must cease" and killings stop. Trump's comments indicate a dramatic shift in his position on how to end the war, having said only on Friday ahead of the summit that he wanted a ceasefire "rapidly". Ukraine's main demand has been a quick ceasefire before talks about a longer-term settlement, and Trump reportedly told European leaders beforehand that his goal for the summit was to obtain a ceasefire deal. Meanwhile, multiple news outlets reported on Saturday that Putin had presented an offer that involved Ukraine handing over complete control of its eastern Donetsk region, which is 70% occupied by Russia. In return, Russia would reportedly agree to front lines being frozen and other unspecified concessions were apparently offered. The US president, who has previously said any peace deal would involve "some swapping of territories", is said to have relayed the offer to Zelensky in a phone call following the summit. Just days ago, Ukraine's president ruled out ceding control of the Donbas region - made up the regions of Luhansk and Donetsk - saying it could be used as a springboard for future Russian attacks. The BBC's US partner CBS has reported, citing diplomatic sources, that European diplomats were concerned Trump may try to pressure Zelensky on Monday into agreeing to deal terms he and Putin may have discussed at the summit. CBS quotes sources as saying that Trump told European leaders in a call after the summit that Putin would make "some concessions", but failed to specify what they were. In an interview with Fox News following Friday's summit, Trump was asked what advice he has for the Ukrainian leader, to which he responded by saying "make a deal". "Russia's a very big power and they're not," he added. Trump had previously threatened "very severe consequences" if Putin did not agree to end the war, last month setting a deadline for Moscow to reach a ceasefire or face tough new sanctions, including secondary tariffs. Little was announced by way of an agreement by either president following Friday's summit, but Trump insisted progress had been made. On Saturday, Putin described the summit as "very useful" and said he had been able "set out our position" to Trump. "We had the opportunity, which we did, to talk about the genesis, about the causes of this crisis. It is the elimination of these root causes that should be the basis for settlement," the Russian president said. Meanwhile, the "coalition of the willing" - a group of countries that have pledged to strengthen support for Ukraine that includes the UK, France, and Germany - will hold a call on Sunday afternoon before Zelensky's visit to the White House on Monday. A group of European leaders, including French President Emmanuel Macron, German Chancellor Friedrich Merz and European Commission President Ursula von der Leyen, said "the next step must now be further talks including President Zelensky". The leaders said they were "ready to work" towards a trilateral summit with European support. "We stand ready to uphold the pressure on Russia," they said, adding: "It will be up to Ukraine to make decisions on its territory. International borders must not be changed by force." UK Prime Minister Keir Starmer praised Trump's efforts to end the war, saying they had "brought us closer than ever before". "While progress has been made, the next step must be further talks involving President Zelenskyy. The path to peace in Ukraine cannot be decided without him," he said. And in Kyiv, Ukrainians have described feeling "crushed" by the scenes from Alaska. "I understand that for negotiations you shake hands, you can't just slap Putin in the face when he arrives. But this spectacle with the red carpet and the kneeling soldiers, it's terrible, it makes no sense," Serhii Orlyk, a 50-year-old veteran from the eastern Donetsk region said. Trump's ceasefire pivot will have caused dismay in Kyiv and Europe 'The world is behaving irrationally' - Putin's warm welcome gets cold reaction in Ukraine
