ICE conducted raids on Vineyard, Nantucket Tuesday, eyewitnesses say
On Martha's Vineyard, ICE agents were seen making traffic stops in unmarked vehicles Tuesday, May 27, MassLive's media partner, the Vineyard Gazette, reported. One video shared on social media showed a masked officer talking to a driver in an L&R Electrical Services van.
Thiago Alves, owner of Rhode Island-based L&R Electrical Services, confirmed to the newspaper that one of his workers was stopped by ICE and FBI agents. His employee — who he said has a green card — was questioned, then released.
'They questioned my guys looking for paperwork,' Alves said.
Other trade workers on the island were also stopped by immigration officers on Tuesday, Alves told the Gazette.
'My guy said they are stopping all the work vans. It's nothing against [us], it's pretty much everyone,' he said.
One Martha's Vineyard woman, who asked to be anonymous for fear of reprisal, told the Gazette that she saw multiple traffic stops and arrests by federal law enforcement while agents driving around Vineyard Haven Tuesday morning.
'They were just grabbing people out of their cars,' she said.
On Nantucket, several people were seen being taken off the island via a U.S. Coast Guard cutter in handcuffs, MassLive's media partner, The Inquirer and Mirror, reported Tuesday.
ICE spokesperson James Covington confirmed to the newspaper that agents were on the island on Tuesday, but would not comment on the number of arrests or reveal other details about the ongoing operation.
An FBI spokesperson also confirmed that agents were assisting ICE on Nantucket on Tuesday.
The Nantucket Police Department was aware the operation was going to take place but did not assist federal agents in any way, Lt. Angus MacVicar said Tuesday.
'We were notified [Monday] that U.S. Immigration and Customs Enforcement Agency (I.C.E) would be arriving today. We were not asked to support their operation in any way or have we assisted today,' MacVicar said in a statement.
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Business Insider
an hour ago
- Business Insider
Blackstone said real estate executive Wesley LePatner was among those killed
Blackstone executive Wesley LePatner was among those killed on Monday by a gunman who entered the company's Park Avenue offices, the private equity giant said in a statement Tuesday morning. LePatner, a mother and wife, was the $1.2 trillion firm's global head of core+ real estate and CEO of Blackstone Real Estate Income Trust, or BREIT, an evergreen real estate fund. Her death has left the New York-based asset manager "heartbroken," the statement said. "Words cannot express the devastation we feel. Wesley was a beloved member of the Blackstone family and will be sorely missed. She was brilliant, passionate, warm, generous, and deeply respected within our firm and beyond. She embodied the best of Blackstone," the statement continued. LePatner, a Yale graduate and trustee of New York's Met Musuem, was an executive at Goldman Sachs before joining Blackstone in 2014. She told Business Insider in 2022 that her unit was, "for all intents and purposes, a startup." "I faced all the challenges one could imagine when building a multibillion-dollar business — from hiring to ensuring standards remain high, moving quickly to keep up with growth, and staying ahead of market swings and growing pains," she said. LePatner is one of four victims who lost their lives after a gunman entered Blackstone's midtown Manhattan headquarters Monday evening. The gunman took his own life at the building as well.
Yahoo
an hour ago
- Yahoo
Trump tariffs live updates: US, EU rush to finalize deal as 90-day extension of China trade truce likely
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'For the world, I would say it'll be somewhere in the 15% to 20% range,' Trump said in Scotland as he met with UK Prime Minister Keir Starmer. Meanwhile, another round of US-China talks kicked off this week, with markets hoping for another extension of the countries' trade truce. The South China Morning Post, a Hong Kong-based English-language newspaper, reported that is seen as the likely outcome. This was confirmed by Commerce Secretary Howard Lutnick who said a 90-day China trade truce extension is likely. Last week, Trump said that letters dictating tariff rates for over 200 countries would go out soon while his administration works to clinch deals with larger trade partners. Trump said the US hasn't had a "lot of luck" with Canada and suggested he may impose threatened 35% levies on goods not covered by the US-Canada-Mexico trade agreement. Trump also touted a deal with Japan that included a $550 billion investment in the US and a 15% tariff on goods imported into the US from Japan. Japan said Tuesday its trade deal with the US eased policy uncertainty but warned US trade actions could still weigh on its economy. Meanwhile, US Trade Representative Jamison Greer said "more negotiations" would be needed with India, just days before the Aug. 1 deadline. Read more: What Trump's tariffs mean for the economy and your wallet Here are the latest updates as the policy reverberates around the world. Germany's Merz says he did not expect better EU-US trade deal, German economy will suffer Germany's Chancellor released a statement saying he's not "satisfied" with the new EU-US trade deal and expressed concerns about how it'll affect his country's economy. Reuters reports: Read more here. What's in the US-EU preliminary trade agreement? 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Negotiators are meeting to buy more time CNN reports: Read more here. 'Donald Trump ate Ursula von der Leyen for breakfast': How EU leaders are reacting to the US trade deal Europe's reaction to its trade deal with the US is decidedly mixed so far. As we detailed earlier, the deal represents the "least-worst" option for Europe, which was facing 30% duties on its imports to the US. So EU leaders have put on a brave face, saying that they hope this breakthrough is but the first step toward a more favorable, longer-term agreement. Bloomberg rounded up some initial reaction. One that stood out: Hungarian Prime Minister Viktor Orban, a Trump ally: From the German chancellor: Italian Prime Minister Giorgia Meloni called the agreement "sustainable": France took a more hawkish approach: Finally, from Slovakia: Read more here. Why Big Alcohol needs US tariff relief in five charts European Union wine and spirits producers could emerge as one of the few winners in the US-EU trade deal which was agreed on Sunday. Reuters reports: Shares in Pernod, Diageo and Campari initially rose in early trade. But they stood 1.3%, 0.4% and 0.3% lower by 0707 GMT. Shares in Remy fell 2.2%. Alcohol is among the EU's top exports to the United States, worth about $10.5 billion in 2024, according to Eurostat data, with certain products like Remy Martin cognac and champagne required to be produced in specific European regions. The United States accounts for about 18% of exports for another exclusively French product, champagne. For cognac makers, the U.S. tariffs represent a fresh challenge after producers of the drink managed this month to avert the threat of duties of up to around 35% from China. For Spanish and Italian wines, around 14% and 24% of total exports, respectively, are sold in the United States. Stock in focus after US/EU trade deal: ASML Semiconductor play ASML (ASML) getting a lot of mentions on the Street this morning as a winner from the US/EU trade deal. Shares are up nearly 5% in pre-market trading. I would note ASML just a week ago issued weak guidance that hammered the stock, so be mindful of that. Here's what JP Morgan had to say this morning: "ASML had indicated in its Q2 results that it saw hesitation (and thus lack of orders) from customers to order tools for their new US fabs due to the risk of tariffs on semiconductor equipment. If this information from the US on zero tariffs on semiconductor equipment is correct then this would be very positive for ASML in particular, but also for VAT. Other semiconductor equipment companies in Europe, such as ASM International ( manufacture their tools outside the EU and thus deals with countries such as Singapore, Malaysia and the US will be important for those companies." Donald Trump freezes export controls to secure trade deal with China The FT reported on Monday that President Donald Trump has frozen restrictions on technology exports to China in order to avoid hurting trade talks with Beijing and to help secure a meeting between Trump and President Xi Jinping this year, according to people familiar with the matter. The US Commerce Department's Bureau of Industry and Security, which is in charge of export controls, has been advised to avoid tough moves on China, according to eight people, including current and former US officials. The US and China are due to meet in Stockholm on Monday for a third round of trade talks following previous meetings in Geneva and London. The FT reports: Read more here (subscription required). 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The $550 billion investment framework combines loans, investments and loan guarantees provided by financial institutions backed by the Japanese government. Bloomberg News reports: Read more here. VW's Audi cuts full-year outlook, citing tariffs and restructuring Following Volkswagen's ( VWAGY) guidance cut last week, the German carmakers premium brand Audi has also cut its full-year guidance, citing the impact of higher US import tariffs and restructuring expenses. Reuters reports: Read more here. Germany's Chancellor released a statement saying he's not "satisfied" with the new EU-US trade deal and expressed concerns about how it'll affect his country's economy. Reuters reports: Read more here. On Sunday, President Trump and European Commission President Ursula von der Leyen announced a preliminary trade agreement, avoiding an all-out trade war. Here's what we know about the terms the two sides agreed to, per Reuters: Several questions still remain unresolved, however. Here's what remains to be seen when the US and EU reveal a joint statement on Aug. 1: Read more here. Trump official: More talks needed to clinch India deal The US Trade Representative Jamieson Greer said "more negotiations" are needed between the US and India in order to secure a trade deal, Greer's statement was made just days before the Aug. 1 deadline for higher tariffs. Bloomberg News reports: Read more here. The US Trade Representative Jamieson Greer said "more negotiations" are needed between the US and India in order to secure a trade deal, Greer's statement was made just days before the Aug. 1 deadline for higher tariffs. Bloomberg News reports: Read more here. Rating firms say US tariffs alone will not trigger EU sovereign downgrades Reuters reports: Read more here. Reuters reports: Read more here. US trade deal eases tariff uncertainties, but risks remain: Japan Japan said on Tuesday that its trade deal with the US has removed uncertainties on but attention must be given to the risks these policies are putting on the Japanese economy. Reuters reports: Read more here. Japan said on Tuesday that its trade deal with the US has removed uncertainties on but attention must be given to the risks these policies are putting on the Japanese economy. Reuters reports: Read more here. Philips soars after lifting margin outlook on softer tariff hit Royal Philips NV (PHG) stock rose 9% before the bell on Tuesday after it increased its profitability outlook as the impact of the trade war was not as severe as it feared. Bloomberg News reports: Read more here. Royal Philips NV (PHG) stock rose 9% before the bell on Tuesday after it increased its profitability outlook as the impact of the trade war was not as severe as it feared. Bloomberg News reports: Read more here. Stellantis warns of $1.7B US tariff impact in 2025 Reuters reports: Read more here. Reuters reports: Read more here. Carney says US trade talks in 'intense phase' The Canadian Press reports: Read more here. The Canadian Press reports: Read more here. Analysts say EU-US trade deal could add up to $19 billion in pharma industry costs The recent trade deal announced between the United States and the European Union is raising concerns in different industries about potential costs. The pharmaceutical industry, specifically, is estimated to take on an extra billion dollars based on new data. Reuters reports: Read more here. The recent trade deal announced between the United States and the European Union is raising concerns in different industries about potential costs. The pharmaceutical industry, specifically, is estimated to take on an extra billion dollars based on new data. Reuters reports: Read more here. Analysis: US tariffs will be test of luxury brands' pricing power Luxury goods companies have been spared the worst case scenario in Sunday's EU-US trade deal. But the worst is not over yet, they still face a balancing act as already weak consumer demand prevents them from raising prices further. Reuters reports: Read more here. Luxury goods companies have been spared the worst case scenario in Sunday's EU-US trade deal. But the worst is not over yet, they still face a balancing act as already weak consumer demand prevents them from raising prices further. Reuters reports: Read more here. Markets hope for one thing from US-China tariff talks: Another 90-day extension US and Chinese trade negotiators are meeting this week for at least two days of trade talks as markets continue to focus on relations between the two superpowers and whether stiff tariff rates will be delayed again. Yahoo Finance's Ben Werschkul reports on what to expect: Read more here. US and Chinese trade negotiators are meeting this week for at least two days of trade talks as markets continue to focus on relations between the two superpowers and whether stiff tariff rates will be delayed again. Yahoo Finance's Ben Werschkul reports on what to expect: Read more here. Analysis: Out-gunned Europe accepts least-worst US trade deal Reuters reports: Read more here. Reuters reports: Read more here. Clock is ticking for a US-China trade deal. Negotiators are meeting to buy more time CNN reports: Read more here. CNN reports: Read more here. 'Donald Trump ate Ursula von der Leyen for breakfast': How EU leaders are reacting to the US trade deal Europe's reaction to its trade deal with the US is decidedly mixed so far. As we detailed earlier, the deal represents the "least-worst" option for Europe, which was facing 30% duties on its imports to the US. So EU leaders have put on a brave face, saying that they hope this breakthrough is but the first step toward a more favorable, longer-term agreement. Bloomberg rounded up some initial reaction. One that stood out: Hungarian Prime Minister Viktor Orban, a Trump ally: From the German chancellor: Italian Prime Minister Giorgia Meloni called the agreement "sustainable": France took a more hawkish approach: Finally, from Slovakia: Read more here. Europe's reaction to its trade deal with the US is decidedly mixed so far. As we detailed earlier, the deal represents the "least-worst" option for Europe, which was facing 30% duties on its imports to the US. So EU leaders have put on a brave face, saying that they hope this breakthrough is but the first step toward a more favorable, longer-term agreement. Bloomberg rounded up some initial reaction. One that stood out: Hungarian Prime Minister Viktor Orban, a Trump ally: From the German chancellor: Italian Prime Minister Giorgia Meloni called the agreement "sustainable": France took a more hawkish approach: Finally, from Slovakia: Read more here. Why Big Alcohol needs US tariff relief in five charts European Union wine and spirits producers could emerge as one of the few winners in the US-EU trade deal which was agreed on Sunday. Reuters reports: Shares in Pernod, Diageo and Campari initially rose in early trade. But they stood 1.3%, 0.4% and 0.3% lower by 0707 GMT. Shares in Remy fell 2.2%. Alcohol is among the EU's top exports to the United States, worth about $10.5 billion in 2024, according to Eurostat data, with certain products like Remy Martin cognac and champagne required to be produced in specific European regions. The United States accounts for about 18% of exports for another exclusively French product, champagne. For cognac makers, the U.S. tariffs represent a fresh challenge after producers of the drink managed this month to avert the threat of duties of up to around 35% from China. For Spanish and Italian wines, around 14% and 24% of total exports, respectively, are sold in the United States. European Union wine and spirits producers could emerge as one of the few winners in the US-EU trade deal which was agreed on Sunday. Reuters reports: Shares in Pernod, Diageo and Campari initially rose in early trade. But they stood 1.3%, 0.4% and 0.3% lower by 0707 GMT. Shares in Remy fell 2.2%. Alcohol is among the EU's top exports to the United States, worth about $10.5 billion in 2024, according to Eurostat data, with certain products like Remy Martin cognac and champagne required to be produced in specific European regions. The United States accounts for about 18% of exports for another exclusively French product, champagne. For cognac makers, the U.S. tariffs represent a fresh challenge after producers of the drink managed this month to avert the threat of duties of up to around 35% from China. For Spanish and Italian wines, around 14% and 24% of total exports, respectively, are sold in the United States. Stock in focus after US/EU trade deal: ASML Semiconductor play ASML (ASML) getting a lot of mentions on the Street this morning as a winner from the US/EU trade deal. Shares are up nearly 5% in pre-market trading. I would note ASML just a week ago issued weak guidance that hammered the stock, so be mindful of that. Here's what JP Morgan had to say this morning: "ASML had indicated in its Q2 results that it saw hesitation (and thus lack of orders) from customers to order tools for their new US fabs due to the risk of tariffs on semiconductor equipment. If this information from the US on zero tariffs on semiconductor equipment is correct then this would be very positive for ASML in particular, but also for VAT. Other semiconductor equipment companies in Europe, such as ASM International ( manufacture their tools outside the EU and thus deals with countries such as Singapore, Malaysia and the US will be important for those companies." Semiconductor play ASML (ASML) getting a lot of mentions on the Street this morning as a winner from the US/EU trade deal. Shares are up nearly 5% in pre-market trading. I would note ASML just a week ago issued weak guidance that hammered the stock, so be mindful of that. Here's what JP Morgan had to say this morning: "ASML had indicated in its Q2 results that it saw hesitation (and thus lack of orders) from customers to order tools for their new US fabs due to the risk of tariffs on semiconductor equipment. If this information from the US on zero tariffs on semiconductor equipment is correct then this would be very positive for ASML in particular, but also for VAT. Other semiconductor equipment companies in Europe, such as ASM International ( manufacture their tools outside the EU and thus deals with countries such as Singapore, Malaysia and the US will be important for those companies." Donald Trump freezes export controls to secure trade deal with China The FT reported on Monday that President Donald Trump has frozen restrictions on technology exports to China in order to avoid hurting trade talks with Beijing and to help secure a meeting between Trump and President Xi Jinping this year, according to people familiar with the matter. The US Commerce Department's Bureau of Industry and Security, which is in charge of export controls, has been advised to avoid tough moves on China, according to eight people, including current and former US officials. The US and China are due to meet in Stockholm on Monday for a third round of trade talks following previous meetings in Geneva and London. The FT reports: Read more here (subscription required). The FT reported on Monday that President Donald Trump has frozen restrictions on technology exports to China in order to avoid hurting trade talks with Beijing and to help secure a meeting between Trump and President Xi Jinping this year, according to people familiar with the matter. The US Commerce Department's Bureau of Industry and Security, which is in charge of export controls, has been advised to avoid tough moves on China, according to eight people, including current and former US officials. The US and China are due to meet in Stockholm on Monday for a third round of trade talks following previous meetings in Geneva and London. The FT reports: Read more here (subscription required). Heineken cheers EU-US trade deal as tariff problems grow Dutch brewer Heineken (HKHHY, said on Monday that it welcomed the trade deal between the European Union and the US and that it was weighing all options to deal with growing tariff challenges in the long term, including shifting manufacturing. Reuters reports: Read more here. Dutch brewer Heineken (HKHHY, said on Monday that it welcomed the trade deal between the European Union and the US and that it was weighing all options to deal with growing tariff challenges in the long term, including shifting manufacturing. Reuters reports: Read more here. Japan expects 1%-2% of $550 billion US fund to be investment Japan confirmed that only a small part, just 1% to 2%, of the $550 billion deal with the US will be actual investment. Most of the money will be in the form of loans, according to Japan's trade negotiator Ryosei Akazawa. Akazawa said that Tokyo will save roughly $68 billion through lower tariff rates in its deal with the US. The details revealed by Akazawa on Saturday via an interview with public broadcaster NHK, suggest the Japanese may end up giving up much less than at first glance. The $550 billion investment framework combines loans, investments and loan guarantees provided by financial institutions backed by the Japanese government. Bloomberg News reports: Read more here. Japan confirmed that only a small part, just 1% to 2%, of the $550 billion deal with the US will be actual investment. Most of the money will be in the form of loans, according to Japan's trade negotiator Ryosei Akazawa. Akazawa said that Tokyo will save roughly $68 billion through lower tariff rates in its deal with the US. The details revealed by Akazawa on Saturday via an interview with public broadcaster NHK, suggest the Japanese may end up giving up much less than at first glance. The $550 billion investment framework combines loans, investments and loan guarantees provided by financial institutions backed by the Japanese government. Bloomberg News reports: Read more here. VW's Audi cuts full-year outlook, citing tariffs and restructuring Following Volkswagen's ( VWAGY) guidance cut last week, the German carmakers premium brand Audi has also cut its full-year guidance, citing the impact of higher US import tariffs and restructuring expenses. Reuters reports: Read more here. Following Volkswagen's ( VWAGY) guidance cut last week, the German carmakers premium brand Audi has also cut its full-year guidance, citing the impact of higher US import tariffs and restructuring expenses. Reuters reports: Read more here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Forbes
2 hours ago
- Forbes
Not Just Scotland: Trump Has Made Dozens Of Visits To His Businesses
S tationed in Scotland for the last several days, Donald Trump camped out in the sorts of destinations he likes best—his own businesses. He examined Trump Turnberry's grounds alongside the U.S. ambassador, touted its ballroom in front of the European Commission's president and, on Tuesday morning, unveiled a second golf course at his property in Aberdeenshire with his sons Eric and Don Jr. No modern president has blended private business and public duties quite like Trump. Having sold his Washington, D.C. hotel in 2022, the president returned to office with no property in the nation's capital. That has not stopped him from personally tending to his assets. He went to one of his clubs 16 of his first 17 weekends, and he has now spent time at his businesses on 75 of his first 190 days back in office, according to a Forbes analysis, traveling to Florida, New Jersey, Virginia, Nevada and, of course, Scotland. Below, Forbes tracks the trips, circling each day that Trump visited one of his properties. Days after taking office on Jan. 20, Trump headed to Las Vegas, staying in his hotel just off the strip. He delivered a speech about his no-tax-on-tips plan, then flew to Miami to welcome Republican representatives to a conference at Trump National Doral. 'The golden age of America has officially begun,' he told them. The president returned to D.C. after a couple of days in Florida, then headed back south the next weekend to visit Mar-a-Lago. The site of an FBI raid during his time out of office, Mar-a-Lago quickly became the president's go-to getaway after he returned to power. The case against Trump, who stored secret documents at his club, collapsed after the 2024 election, when Special Counsel Jack Smith concluded he could not prosecute the soon-to-be president. On the final day of February, Trump trumpeted the return of some materials the FBI had taken from him. 'They are being brought down to Florida and will someday be part of the Trump Presidential Library,' the president posted on his social-media platform. 'Justice finally won out.' Since returning to office, Trump has spent time at Mar-a-Lago on 35 days, including 12 in February, according to Forbes ' analysis. The president went to one of his clubs on 16 of his first 17 weekends in office, including every weekend in March. He had plenty to do there, such as host fundraisers, despite being constitutionally barred from winning a third term. On Saturday, March 1, Trump held a candlelight dinner at Mar-a-Lago for MAGA Inc., a political action committee established two days after his 2024 victory. Between his many visits to Florida, Trump spent a day at his golf club in Bedminster, New Jersey, stopping by the Division I NCAA wrestling championship in Philadelphia on his way back to the White House. Trump made market-rattling news at the beginning of April, promising to impose worldwide tariffs. With the S&P 500 down 5% the day after the announcement, the president flew from Washington, D.C. to Florida, again. This time it was to make an appearance ahead of a tournament at Doral for the Saudi-backed LIV Golf. According to a White House digest, the president attended a 'LIV Golf dinner' that evening, before heading to Mar-a-Lago for the weekend. Asked about Trump's trips, White House assistant press secretary Taylor Rogers pointed to the president's record. 'Trump has delivered on more promises in just six months of his presidency than most presidents do in an entire term,' Rogers said. In mid-May, the president left the United States for a three-country tour through the Middle East. His business probably didn't fade too far from his mind. The president first stopped in Saudi Arabia, where he recently secured deals to license his name on three properties. Next, he headed to Qatar, home to another new project. Finally, he went to the United Arab Emirates, where Trump already has two deals—and may soon add a third in Abu Dhabi. He returned stateside on the 16th and spent many of May's remaining days at his clubs in Virginia and New Jersey. During the summer months, Trump shies away from the Florida heat. That just means more time at his golf clubs in New Jersey and Virginia, the latter of which provides a convenient place for schmoozing fellow politicians. On June 28, with Congress nearing a vote on the Big Beautiful Bill, Trump took three senators—Lindsey Graham, Eric Schmitt and Rand Paul—out to play golf at his course. Paul, known for his independent thinking, voted against the bill anyway. The outing marked one of Trump's three days at the course in June; the president spent time at his club in New Jersey another four days, according to the analysis. Trump has long had a domineering attitude toward Europe, so it was little surprise when, on his recent trip there, he encouraged other leaders to come to him—specifically, to his golf resort at Trump Turnberry. They obliged, with a visit from European Commission President Ursula van der Leyen, who met with the president in a ballroom he named after himself. 'We just built this ballroom,' Trump noted in front of the TV cameras. 'It's been quite the success.' British Prime Minister Keir Starmer arrived the next day, prompting Trump to gush over windows in the facility. 'They're magnificent,' the president said. 'You have really great local tradesmen here.' Forbes 'We'd Call That Corruption': How Trump Used The Presidency To Expand His Global Empire By Dan Alexander Forbes After Years Of Lying, Trump Organization Tries To Figure Out How Big Its Properties Actually Are By Dan Alexander Forbes Trump Company Reduces Stake In Crypto Venture By Dan Alexander Forbes How Barron Trump May Have Earned $40 Million From His Dad's Crypto Venture By Kyle Khan-Mullins Forbes Crypto Now Accounts For Most Of Donald Trump's Net Worth By Dan Alexander
