President Trump made a major infrastructure announcement on his second day in office.
President Donald TrumpInaugurated on Monday, left no stone unturned in getting to work on time. In just five days, he has signed several executive orders related to artificial intelligence; Cryptocurrencies; and diversity, equity and inclusion, also known as DEI, and that is promising change within the federal workforce.
In this edition of Fox Business Rundown we highlight Trump’s biggest business moves.
Weekly Profit in Stock: Even with Friday’s decline, all three major U.S. averages posted weekly gains.,More information on markets here.
S&P 500 reaches all-time high At the beginning of the week before pulling back. Still, the benchmark remains above 6,000.
Trump’s first five days are busy
Supercharging AI: President Trump launched a $500 billion investment called Stargate with Oracle, SoftBank and OpenAI to advance AI…Continue reading here. Oracle’s Larry Ellison said the venture is expected to be a game changer for cancer detection…Continue reading here. However, the deal did not come without controversy within the tech community…Continue reading here.
Video: OpenAI CFO Sarah Fryer set the record straight on Stargate.
Davos bofa dis! Trump, who spoke remotely before the World Economic Forum in Davos, Switzerland, called out Bank of America CEO Brian Moynihan over his bank’s alleged discrimination against conservatives.,Continue reading here. His surprise slam again highlighted how some US banks have allegedly “debanked” certain groups based on their political or religious affiliation, which the banks dispute.,Continue reading here.
give prayer: Trump hit out at DEI with an executive order giving government agencies the authority to do the same…Continue reading here. On Friday, Target walked back its DEI move, following other retailers including Walmart and Lowe’s…Continue reading here.
Tax cuts are coming: Trump also reiterated his promise of tax cuts, including reducing the corporate rate to 15%,Continue reading here. The President has also inherited a fiscal tsunami…Continue reading here.
Video: Former Trump economic adviser Larry Kudlow shed light on the new administration.
Crypto Capital of the World: Trump, keeping his promise, made major changes for the crypto community that investors say will help the industry thrive in the US…Continue reading here. Crypto czar David Sachs in a Fox Business exclusive said Trump will bring the industry back to the US after former President Biden decimated the industry…Continue reading here.
Video: Investor David Sachs talks about crypto’s prospects under Trump.
Bitcoin bounced between losses and gains this week but remains above the $100,000 level and is up more than 10% this year…Live cryptocurrency prices here.
Energetic: Energy groups celebrated Trump’s campaign mantra, “Drill baby drill”, as he promised major changes in future… Continue reading here.
Video: Trump gave serious warning to OPEC countries.
New Sheriff: Trump forced federal employees to work from home and promised other major cuts…Continue reading here.
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