Trump "Unilaterally Proclaims" Columbus Day Will Be Restored as a Federal Holiday
On Sunday, Trump stated that he plans to restore Columbus Day (the second Monday in October) as a federal holiday in the United States. However, a U.S. president cannot unilaterally cancel or declare a federal holiday; Congress approval is needed. Columbus Day remains a federal holiday, but as of last year, Indigenous Peoples' Day has replaced Columbus Day in over 200 cities and several states. Trump said on social media: "I will resurrect Columbus Day. Democrats are doing everything possible to destroy Christopher Columbus, his reputation, and all Italians who love him." Christopher Columbus was a renowned medieval to modern European navigator, explorer, and colonizer. According to foreign media, many oppose the celebration of Columbus Day due to his colonial history and the torture and genocide of indigenous peoples. Indigenous Peoples' Day began in the 1990s and has gained momentum since, including in 2021 when Biden became the first president to formally recognize the holiday with a proclamation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tom Lee Sees Fed Rate Hike Today: Predicts a Big Equity Rally
Indian Rupee: Inflation and trade reshape INR – Commerzbank
SoftBank CDS Approaches Three-Year High! Concerns Over OpenAI Financing Intensify, “Paper Wealth” Fails to Alleviate Cash Crunch
The credit default swaps (CDS) of SoftBank Group are hovering near a three-year high. Traders are assessing the potential impact of OpenAI’s financing plans, as OpenAI is one of SoftBank’s largest bets.

Grab (GRAB.US) acquires 60% stake in buy-now-pay-later platform Atome for 1.49 billion USD, betting on consumer credit as the "next frontier"
Grab plans to first acquire 60% of Atome Financial with $1.49 billions in cash, and then purchase the remaining 40% after approximately two years.

