American businessman and political activist, trustee and EVP at The Trump Organization
Altus Property Group has parted ways with the Trump Organization over a planned US-branded tower in Surfers Paradise, citing the Iran war as a factor that has made the Trump brand toxic in Australia; the Trump Organization counters that Altus failed to meet basic financial obligations. Both sides say they remain open to future projects in Australia.
Trump family public appearances continue to shape the narrative around the president’s public life. Barron Trump has appeared at UFC Freedom 250, while other children attended related events. Barron is studying business at NYU and has begun venturing into politics and business. The Trump Organization’s Father’s Day messaging has shifted toward Eric Trump, with questions emerging about Don Jr.’s absence.
The government has released June employment data showing payrolls rising by 57,000, far below forecasts, while the unemployment rate edges down to 4.2%. The labor force participation rate has fallen, highlighting a shift in the job market as fewer people are seeking work. Revisions to May and April data point to a softer hiring pace than previously thought.
President Trump has begun flying a $400m Boeing 747-8 donated by Qatar but used an older Air Force One during a July NATO trip after officials raised security concerns. The administration has launched a leak probe led by the FBI director and White House chief of staff; The New York Times reporters were subpoenaed as investigators sought sources about the jet's defensive capabilities.
The Qatar-donated Air Force One has entered service but is undergoing security upgrades. Lawmakers have questioned funding and oversight as the jet is retrofit for presidential use, while the outgoing model remains in use for certain trips. The presidency is balancing diplomatic gifts with rigorous security needs amid ongoing scrutiny.
Trump Media & Technology has unveiled Truth API, a paid low‑latency feed that will deliver real‑time posts from the platform’s top 10 accounts from Aug. 1. Executives discussed charging institutional customers up to $100,000 a month (or $60,000 on three‑year deals). Lawmakers, regulators and market participants have warned it will let traders profit from presidential posts and raise conflict‑of‑interest and market‑manipulation concerns.
Capital One has disclosed that its decision to close more than 300 Trump-affiliated accounts followed an AML review. The filing argues the moves were not politically motivated and are part of standard banking guidance. The Trump Organization has challenged the bank, seeking to dismiss the suit in Florida federal court. The case has seen multiple dismissals and amendments.