Latest news with #Air
USA Today
5 hours ago
- Politics
- USA Today
Secret Service says agent tried to bring spouse on Trump's Scotland trip
The Secret Service is investigating after an agent attempted to bring his spouse on one of the planes headed to Scotland as part of President Donald Trump's recent trip, an agency spokesperson said. Trump was asked about the incident on Air Force One July 29 as he wrapped up a four-day foreign trip, calling it a 'weird deal' and asking reporters, 'Is that a serious story?' In a statement provided to USA TODAY, the agency said an employee tried to invite his spouse aboard a mission-support flight to Scotland as part of the president's trip. The employee's spouse is a member of the U.S. Air Force, the statement said. The aircraft in question was operated by the Air Force and was being used by the Secret Service to transport personnel and equipment. The employee was told before departure the spouse would not be allowed on the flight, and the spouse was prevented from taking the flight, according to the statement, which added that the incident did not impact protective operations. The incident is under investigation by the agency. The Secret Service did not provide further information in its statement. "I don't know, that's a strange one,' Trump said when asked about reports of the incident. 'I just heard that two minutes ago.' The president added that Sean Curran, director of the Secret Service, is looking into it, and ended his remarks on the matter by calling it a 'strange story.' Trump's comments came the same day he opened a new golf course in Scotland, marking the end of the multi-day foreign trip that began July 25. The five-day stay, which the White House called a 'working visit' took the president to his two luxury golf properties in Scotland, where he hosted European Commission President Ursula von der Leyen and British Prime Minister Keir Starmer for trade talks. Kathryn Palmer is a national trending news reporter for USA TODAY. You can reach her at kapalmer@ and on X @KathrynPlmr.
Scotsman
14 hours ago
- Politics
- Scotsman
Donald Trump: Nicola Sturgeon was a 'terrible' first minister
The US President made the comment to journalists on Air Force One Sign up to our Politics newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Donald Trump has described Nicola Sturgeon as a 'terrible' first minister as he flew home to the US after a four-day visit to Scotland. The US President made the comment to journalists on Air Force One as he continued to heap praise on John Swinney, the current First Minister and SNP leader, who he met during his visit. Advertisement Hide Ad Advertisement Hide Ad The pair had dinner at Trump International in Aberdeenshire on Monday evening, where Mr Swinney said he raised the issue of whisky tariffs with the President, and held a further 15-minute meeting on Tuesday morning. Nicola Sturgeon | PA The First Minister later said a 'window of opportunity' had arisen to secure a tariff exemption for Scotch whisky. But the US President told journalists they "did not really discuss" tariffs during the meeting. However, he said he had 'a lot of respect' for Mr Swinney. Advertisement Hide Ad Advertisement Hide Ad "I didn't have a lot of respect for the woman that preceded him,' Mr Trump added. 'I thought she was terrible as a first minister of Scotland. But I think John is doing a very good job as First Minister." A source close to Ms Sturgeon told the BBC: "Trump's lack of respect for women is hardly news. That said, the feeling was entirely mutual.' The former first minister, who stood down in 2023, previously described some of the views expressed by Mr Trump as 'deeply abhorrent'. She was succeeded by Humza Yousaf, who resigned after just over a year. Advertisement Hide Ad Advertisement Hide Ad On Tuesday, the President singled Mr Swinney out for praise during the opening ceremony for his new golf course in Aberdeenshire. President Trump departed from Scotland on Tuesday evening. | AFP via Getty Images "I also want to thank your First Minister, who's here," Mr Trump told the audience of assembled dignitaries. "John, will you stand up? John Swinney, who's a terrific guy and he loves golf and he loves the people of this country, and we really appreciate it. You're really a very special guy. Thank you very much for everything, John." Elsewhere, Mr Trump praised Scotland as a 'special place' during an interview on the Pod Force One podcast, arguing it does not have 'big crime' like the US. Asked if he could become first minister in future, Mr Trump said Scotland has 'a very good First Minister right now'. But put to him that he "could do it", the President said: "I could do that. I might be eligible. I could be within six months or something.'
Yahoo
16 hours ago
- Automotive
- Yahoo
Lucid files proxy with SEC for 1-for-10 reverse stock split
This story was originally published on Automotive Dive. To receive daily news and insights, subscribe to our free daily Automotive Dive newsletter. Dive Brief: Lucid Group has filed a proxy statement with the Securities and Exchange Commission to initiate a 1-for-10 reverse stock split of its Class A common stock, the company announced in a July 17 press release. The electric automaker believes that the move will help make its stock more attractive to a broader group of investors and other market participants, which may help the company raise much-needed capital as it looks to compete with more established automakers in the competitive electric vehicle segment. The reverse stock split will be put to a vote at a special shareholders meeting for approval. The company says it will file and distribute a definitive proxy statement regarding the meeting and its proposal, but the date was not disclosed in the release. Dive Insight: Public companies typically initiate a reverse stock split to boost their share price. When the proposal was made public on July 17, Lucid's stock price soared nearly 34% in the following days. But despite the sudden jump in its stock price on the announcement, Lucid has been struggling financially. The company's 52-week high stock price reached $4.43, but fell to $2.03 on July 1 after the company announced its Q2 production and delivery totals. It's a stark contrast from November 2021 when shares of the company topped $55. Lucid's stock steadily lost value since as it works to ramp up production of the Air sedan and Gravity SUV and grow its sales in a competitive global electric vehicle market. The automaker produced 6,075 vehicles in the first six months of 2025 and delivered 6,418. The automaker said it expects to build approximately 20,000 vehicles in 2025. On May 6, Lucid reported Q1 revenue of $235 million on deliveries of 3,109 vehicles. The company is scheduled to announce its Q2 earnings on Aug. 5. Lucid previously announced two significant investments in 2024 to raise capital. In October 2024, Lucid announced a capital raise of approximately $1.67 billion through a combination of a public offering and a private placement with an affiliate of the Public Investment Fund of Saudi Arabia, which holds a majority stake in the company. It followed a $1 billion investment from a PIF affiliate in March 2024. Lucid ended the first quarter of 2025 with approximately $5.76 billion in total liquidity, according to its earnings report. Unlike Lucid, Tesla executed a 5-for-1 forward stock split in August 2020 and another 3-for-1 forward split in August 2022 as its share price soared over the years and helped it become the world's most valuable automaker. The forward split was intended to lower Tesla's stock price to make it accessible to more investors. In August 2022 before the second forward split was completed, Tesla stock was valued around $300 a share. The completion of Lucid's proposed reverse stock split is subject to market and other customary conditions. Recommended Reading Uber to add 20,000 self-driving Lucid Gravity SUVs to its ride-share platform 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
Yahoo
2 days ago
- Business
- Yahoo
Apple (AAPL) Faces Margin Pressures Ahead of Earnings — BofA Still Says Buy
Apple Inc. (NASDAQ:AAPL) is one of the . On July 28, Bank of America maintained a 'Buy' rating on the stock with a price target of $235. The firm believes that Apple faces a tough setup as it heads into its third fiscal quarter results due on July 31st. Investors continue to watch closely for margin pressures from tariffs and ongoing regulatory concerns. 'We see client sentiment as fairly negative given uncertain impact from tariffs, U.S. DOJ investigation (Google (NASDAQ:GOOGL) TAC payments), App Store headwinds, and slow progress in AI.' -BofA analysts wrote in a note. The firm believes that gross margins (GM) are going to be the highlight of the earnings report, with the June quarter guide of 46% at the mid-point, which includes the 'impact of $900mn of tariff-related costs.' Copyright: dennizn / 123RF Stock Photo It models the September quarter period as the 'trough,' anticipating gross margins to improve on the back of a 'better mix of higher ASP products, including the slim iPhone ('Air'), which we expect Apple to launch this fall.' While margin concerns exist, the firm anticipates in-line results for the current quarter and also potentially a slight revenue beat. Upcoming product cycles may also prove to be good for the company, as 'iPhone form factor changes have helped drive higher replacement rates in the past.' Apple is a technology company known for its consumer electronics, software, and services. While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
Daily Record
2 days ago
- Business
- Daily Record
Donald Trump to meet First Minister John Swinney on golf course on final day of Scotland trip
Donald Trump and John Swinney are expected to speak about whisky tariffs and the Middle East during their meeting. Donald Trump's four-day visit to Scotland wraps up on Tuesday with a meeting with First Minister John Swinney. The two leaders are expected to discuss issues including whisky tariffs and the Middle East during a one-to-one chat, before the US President opens a brand new course at his golf resort in Aberdeenshire. The trip has been dominated by trade talks with the EU. Trump has already played a round of golf at his Turnberry course, where he welcomed Prime Minister Sir Keir Starmer on Monday. The pair then boatded Air Force One and flew to RAF Lossiemouth, before joining Swinney for a private dinner at Trump's plush resort in Balmedie, near Aberdeen. The visit has sparked a major police operation across Ayrshire and Aberdeenshire, with extra officers deployed for protest marches in Edinburgh and Aberdeen. Before the trip, the White House said Trump and Starmer would focus on trade between the countries. Despite an agreement being signed, a 10 per cent tariff is still being slapped on Scotch whisky one of Scotland's biggest global exports. Asked if that tariff could be dropped or eliminated as a result of the meeting with the prime minister, Trump said: "We'll talk about that, I didn't know whisky was a problem. I'm not a big whisky drinker, but maybe I should be." Swinney has vowed to raise the issue personally. A Scottish government spokesperson said the dinner on Monday would provide Swinney with an opportunity "specifically to make the case for tariff exemptions for Scotland's world class whisky and salmon sector" On Monday, the first minister told the BBC: "Tariffs are very important for the Scottish economy and obviously Scotch whisky is a unique product. "Obviously, the trade deal with the United States provides a degree of stability for economic connections with the United States but the application of tariffs is increasing the costs for the Scotch whisky industry. "So one of my objectives will be to make the case to President Trump that Scotch whisky should be exempted from those tariffs," he added. President Trump also took the media conference at Turnberry as an opportunity to hit out at wind turbines, which he branded "ugly monsters". He is a long-standing critic of turbines and previously lost a legal battle to block a wind farm from being built opposite his golf club in Aberdeenshire. Trump said: "Wind is the most expensive form of energy and it destroys the beauty of your fields, your plains and your waterways. "Wind needs massive subsidy, and you are paying in Scotland and in the UK, and all over the place, massive subsidies to have these ugly monsters all over the place." Instead, the president urged the UK to exploit North Sea oil and gas. "When we go to Aberdeen, you'll see some of the ugliest windmills you've ever seen, the height of a 50-storey building," Trump said. "You can take 1,000 times more energy out of a hole in the ground this big," he added, gesturing with his hands. "It's called oil and gas, and you have it there in the North Sea." The prime minister said the UK government believed in a mix of energy. "Obviously, oil and gas is going to be with us for a very long time, and that'll be part of the mix, but also wind, solar, increasingly nuclear, which is what we've been discussing," he said. The president's visit was described as a "private" trip and - unusually for such events - combined politics with business and his love of golf. His mum was born on the Isle of Lewis and moved to New York in 1930 aged just 18, a family link Trump often cites as his reason for investing in Scotland. He's been a regular visitor to his Scottish courses in Aberdeenshire and Ayrshire over the past decade. Trump is due back in the UK in September for a state visit, where he'll stay with King Charles at Windsor Castle.
