President Trump makes a major infrastructure announcement on his second day in office.
President Donald TrumpIt opened on Monday, did not miss a beat in the right work. In just five days, he has signed executive orders related to artificial intelligence. Cryptocurrencies; and Diversity, Equity and Inclusion, also known as DEI, and he promises a shake-up in the federal workforce.
In this edition of Fox's Business Rundown, we highlight Trump's biggest business moves.
Weekly Stock Profits: All three major U.S. averages posted weekly gains, even with Friday's decline..More information about markets here.
in The S&P 500 hit an all-time high At the beginning of the week before the withdrawal. However, the benchmark is higher than 6000.
The first five days are busy with Trump
Super artificial intelligence: President Trump announced a $500 billion investment called Stargate to advance artificial intelligence with Oracle, SoftBank and Openai…Continue reading here. The investment is expected to be a game-changer for cancer diagnostics, explained Oracle's Larry Ellison…Continue reading here. However, the deal has not come without controversy in the tech community…Continue reading here.
Video: Openai CFO Sarah Friar sets the record straight on Stargate.
DAVOS BOFA DISS! Trump, speaking remotely before the World Economic Forum in Davos, Switzerland, called out Bank of America CEO Brian Munion for his bank's alleged discrimination against conservatives.…Continue reading here. His surprise echoed how some US banks are said to have “weeded out” certain groups based on their political or religious affiliations, a practice the banks have disputed.…Continue reading here.
medicine: Trump took the hammer to DEI with an executive order, allowing government agencies to do the same…Continue reading here. On Friday, Target followed other retailers, including Walmart and Lowe's, in scaling back its DEI push…Continue reading here.
Coming tax cuts: Trump also reiterated his promise to cut taxes, including the corporate rate to at least 15%…Continue reading here. The President is also inheriting a financial Tsumani…Continue reading here.
Video: Trump's former economic adviser, Larry Kudlow, highlights the new administration.
Crypto capital of the world: Keeping his promises, Trump has made big changes for the crypto community, which investors say will help the industry thrive in the U.S.…Continue reading here. Crypto Czar David Sacks, in an exclusive Fox commercial, said Trump will bring the industry back to America after former President Biden destroyed it…Continue reading here.
Video: Investor David Sachs talks about the possibilities of crypto under Trump.
Bitcoin bounced between gains and losses this week but is above the $100,000 level and has advanced more than 10% this year…Live crypto prices here.
Energized: Energy groups have celebrated Trump's campaign mantra, “drill the baby,” as he promises big changes… Continue reading here.
Video: Trump gave a serious warning to OPEC nations.
New Sheriff: Trump ends federal workers working from home and promises other big cuts…Continue reading here.
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