U.S. government to drop tax claims against Trump in broadening of IRS settlement toggle caption Julia Demaree Nikhinson/AP WASHINGTON — The U.S. government will permanently drop tax claims against President Trump, according to a settlement document made public Tuesday, in an extraordinary use of executive power that could effectively help shield the president from further examination of his financ...
U.S. government to drop tax claims against Trump in broadening of IRS settlement toggle caption Julia Demaree Nikhinson/AP WASHINGTON — The U.S. government will permanently drop tax claims against President Trump, according to a settlement document made public Tuesday, in an extraordinary use of executive power that could effectively help shield the president from further examination of his finances and legal conduct. Law DOJ creates an 'anti-weaponization fund' as part of Trump IRS settlement DOJ creates an 'anti-weaponization fund' as part of Trump IRS settlement Listen · 3:41 3:41 As part of the settlement deal meant to resolve Trump's $10 billion lawsuit against the Internal Revenue Service over the leak of his tax returns, the U.S. is "forever barred and precluded" from examining or prosecuting Trump, his sons and the Trump organization's current tax examinations, according to a one-page document posted to the Justice Department's website. Sponsor Message The government is also barred from looking into Trump's family, affiliates and others, according to the document, which is signed by acting Attorney General Todd Blanche. That document is a separate addendum from the original settlement announced Monday, and was quietly added to the Justice Department website on Tuesday. The White House referred Associated Press inquiries to the Justice Department, and the U.S. Treasury did not respond to Associated Press requests for comment. The settlement refers only to existing audits, not future examinations, the Justice Department said in response to a request for comment on the expanded settlement. The move comes after the Trump administration announced Monday, as part of the lawsuit settlement, the creation of a nearly $1.8 billion fund to compensate allies of the Republican president who believe they have been unjustly investigated and prosecuted, an arrangement that Democrats and government watchdogs criticize as "corrupt" and unconstitutional. The "Anti-Weaponizatio...
Representative Thomas Massie, a Republican from Kentucky, speaks during a campaign event ahead of a primary election at Veterans Memorial Park in Vanceburg, Kentucky, US, on Monday, May 18, 2026. Kentucky will hold a primary election on May 19. Jeffrey Dean | Bloomberg | Getty Images Ed Gallrein, a former Navy SEAL backed by President Donald Trump , defeated incumbent Rep. Thomas Massie in a Repub...
Representative Thomas Massie, a Republican from Kentucky, speaks during a campaign event ahead of a primary election at Veterans Memorial Park in Vanceburg, Kentucky, US, on Monday, May 18, 2026. Kentucky will hold a primary election on May 19. Jeffrey Dean | Bloomberg | Getty Images Ed Gallrein, a former Navy SEAL backed by President Donald Trump , defeated incumbent Rep. Thomas Massie in a Republican primary Tuesday in Kentucky's 4th congressional district, the latest in a series of successful attempts by the president to pick off his political opponents. The Associated Press, NBC News and other outlets called the race Tuesday night less than two hours after the first polls closed. Massie was down nearly nine percentage points at the time the race was called. Massie has represented the district since 2012 and has become most known as a contrarian within the ranks of the House GOP . The Libertarian-leaning conservative led the charge with Rep. Ro Khanna , D-Calif., to release files related to sex offender Jeffrey Epstein , over the initial opposition of Trump. And he's at times voted against Republican priorities on the House floor. His independence drew the ire of Trump, who has repeatedly attacked Massie and made it his mission to oust him from office. "The worst Congressman in the long and storied history of the Republican Party, is Thomas Massie. He is an obstructionist and a fool. Vote him out of office tomorrow, Tuesday. It will be a great day for America! President DJT," Trump wrote Monday on Truth Social, then reposted on Tuesday. Read more CNBC politics coverage Gas tax holiday as Trump promises? Not so fast, trucking, construction industries say Trump doesn't need Congress to restart Iran strikes: Hegseth Analysis: Iran war hangs over Trump's China trip — and his presidency Congress members push Chinese auto parts ban before Trump China trip Massie becomes the latest casualty in Trump's revenge tour, as the president shows he still holds considerable sway...
Kokusai Electric Corp. shares dropped after saying its biggest holder KKR & Co. is offloading its entire 10.6% stake in the Japanese supplier of chipmaking gear. Shares of Kokusai Electric declined as much as 6.3% in Tokyo, the biggest intraday slide since May 13. The private equity firm is offering shares at ¥6,072 to ¥6,138 each, according to terms of the deal seen by Bloomberg News. Thats a dis...
Kokusai Electric Corp. shares dropped after saying its biggest holder KKR & Co. is offloading its entire 10.6% stake in the Japanese supplier of chipmaking gear. Shares of Kokusai Electric declined as much as 6.3% in Tokyo, the biggest intraday slide since May 13. The private equity firm is offering shares at ¥6,072 to ¥6,138 each, according to terms of the deal seen by Bloomberg News. Thats a discount of 7% to 8% to Tuesday’s close. The 24.7 million shares will be sold through securities firm and Nomura Holdings Inc. will arrange the deal, Kokusai Electric said. Based on Tuesday’s market capitalization of about ¥1.57 trillion ($9.9 billion) as of Tuesday, the deal could be worth about ¥163 billion.
But the pressure on that new show is intensifying and its release is surely by no means certain, not least because its main sponsor has paused its involvement. But if the show was axed, what would replace such a popular format that brings in crucial younger audiences and provides more than 30 hours of output in every series?
But the pressure on that new show is intensifying and its release is surely by no means certain, not least because its main sponsor has paused its involvement. But if the show was axed, what would replace such a popular format that brings in crucial younger audiences and provides more than 30 hours of output in every series?
Micron and SanDisk Defy Broad Chip Sell-Off to Notch Solid Gains U.S. semiconductor stocks suffered a broad sell-off on Tuesday, with industry leaders Nvidia and Advanced Micro Devices leading the decline and dragging down major tech benchmarks. However, memory chip makers Micron Technology Inc. (MU) and SanDisk Corp. (SNDK) bucked the trend to post sharp gains, emerging as the standout performers...
Micron and SanDisk Defy Broad Chip Sell-Off to Notch Solid Gains U.S. semiconductor stocks suffered a broad sell-off on Tuesday, with industry leaders Nvidia and Advanced Micro Devices leading the decline and dragging down major tech benchmarks. However, memory chip makers Micron Technology Inc. (MU) and SanDisk Corp. (SNDK) bucked the trend to post sharp gains, emerging as the standout performers in an otherwise weak market. SanDisk closed up 4.2% on the day, while Micron outperformed with a 5.8% advance. The gains stood in stark contrast to other storage players: Seagate Technology Holdings PLC slipped 0.7% and Western Digital Corp. — SanDisk’s former parent company — edged down 0.2%, highlighting the growing divergence within the sector. Citi’s Bullish Note Powers SanDisk’s Historic Rally SanDisk’s surge was driven by a glowing research report from Citi Research, which reaffirmed its Buy rating on the flash memory supplier and raised its price target to $2,025 from $1,300. The new target implies a 52% upside from SanDisk’s Monday closing price of $1,333.01. Over the past 12 months, SanDisk’s shares have skyrocketed an astonishing 3,218%, fueled by explosive demand for its enterprise solid-state drives (eSSDs), which have become an indispensable building block for AI data center infrastructure. “We remain constructive on a highly favorable supply-demand environment with clear indications of persistence with customer demand conversations through 2030,” wrote Citi analyst Asiya Merchant. That optimistic outlook was reinforced by strong earnings last week from Japanese rival Kioxia Holdings Corp., which reported an approximately 85% quarter-over-quarter jump in revenue and guided for 75% sequential growth in the current period. The results handily beat Wall Street estimates, Citi noted. Share buybacks are another key tailwind for SanDisk. The company announced a $6 billion share repurchase authorization last quarter, representing about 3% of its current market capita...
Corn futures corrected from the sharp Monday gains on Tuesday, with contracts steady to 1 ¾ cents lower at the close. The CmdtyView national average Cash Corn price was down 1 ½ cents to $4.35. NASS Crop Progress data showed the US corn crop at 76% planted as of Sunday, which was 6% ahead of the 5-year average pace of 70%. The only states to be behind average pace for planting are Kansas, Michigan...
Corn futures corrected from the sharp Monday gains on Tuesday, with contracts steady to 1 ¾ cents lower at the close. The CmdtyView national average Cash Corn price was down 1 ½ cents to $4.35. NASS Crop Progress data showed the US corn crop at 76% planted as of Sunday, which was 6% ahead of the 5-year average pace of 70%. The only states to be behind average pace for planting are Kansas, Michigan, and North Carolina. The crop was also 39% emerged, which is 2 percentage points faster than normal. Don’t Miss a Day: A couple South Korean importers purchased a total of 135,000 MT of corn in separate tenders overnight. Jul 26 Corn closed at $4.75 1/4, down 1 3/4 cents, Nearby Cash was $4.35, down 1 1/2 cents, Sep 26 Corn closed at $4.81 1/2, down 3/4 cent, Dec 26 Corn closed at $4.97 3/4, down 1/4 cent, New Crop Cash was $4.51 7/8, down 1/2 cent, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Cotton futures posted a correction Tuesday, with contracts down 10 to 137 points across the board. The US dollar index was $0.150 higher at $99.255. Crude oil was up $0.07 at $103.59 on the day. NASS Crop Progress data showed 41% of the US cotton crop planted as of May 17, which was 1 percentage point ahead of the 5-year average of 40%. Of the major 15 states USDA reported, GA was 3% behind normal...
Cotton futures posted a correction Tuesday, with contracts down 10 to 137 points across the board. The US dollar index was $0.150 higher at $99.255. Crude oil was up $0.07 at $103.59 on the day. NASS Crop Progress data showed 41% of the US cotton crop planted as of May 17, which was 1 percentage point ahead of the 5-year average of 40%. Of the major 15 states USDA reported, GA was 3% behind normal, with LA, the Carolinas, VA all behind their average planting pace. Don’t Miss a Day: The Cotlook A Index was back down 325 points on Monday at 90.65 cents. ICE certified cotton stocks were up 10,053 bales on May 18, with the certified stocks level at 203,491 bales. The Adjusted World Price was up another 228 points last week at 71.87 cents/lb. Jul 26 Cotton closed at 82.33, down 137 points, Dec 26 Cotton closed at 83.16, down 82 points, Mar 27 Cotton closed at 83.9, down 69 points On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.