President-elect Trump criticized the Biden administration's efforts to regulate gas-powered appliances and vowed to change those policies when he takes office.
President-elect Trump will take office on Monday, and Wall Street and corporate America are preparing for a big change from the past four years. Trump has promised to advance his pro-growth policies with tax cuts and sweeping measures that will hit industries like energy and digital currencies and what he sees as a bloated federal workforce. He will also inherit a bloated national debt.
In this special edition of the FOX Business Rundown newsletter, we take a look at what to watch in the coming months.
Wall Street celebrates: Stocks ended the week higher ahead of Trump's inauguration. The Dow and S&P 500 had their best week since he won the election…More in markets here In the crypto world, Bitcoin is now trading at over $100,000.Live cryptocurrency prices here.
Reducing inflation will also be on the president's plate. Here's the latest consumer price situation…Continue reading here
Video: The cryptocurrency manager of trading app Robinhood offers a perspective on Trump's impact on the sector.
National debt bomb: Trillions in national debt is the US's Achilles heel….Continue reading here
Doge: The Department of Government Efficiency, run by Elon Musk, is currently trying to trim the fat to save $2 trillion in government waste.Continue reading here
Deep pockets: Fortune 500 giants, including Meta, Amazon, Ford and Boeing, to name a few, opened their coffers for Trump's inauguration and donated a staggering amount.Continue reading here
one by one: After Trump's victory in November, many CEOs traveled to Mara Lago to break bread with Trump…Continue reading here
CEO of Walmart: As FOX Business exclusively reported, Walmart, the world's largest retailer, had a productive meeting…Continue reading here
Video: Walmart's CFO gives updates on the business, especially food.
He did not wake up again: Trump woke up in the election campaign. In recent weeks, a number of companies have begun to back off on their DEI policies…Continue reading here As for Meta, CEO Mark Zuckerberg blamed his former right-hand man for pushing the left…Continue reading here
Trump's entry period
Head of Treasury: Trump's Treasury pick Scott Bessant earned high marks for his confirmation hearing, shutting down Bernie Sanders.Continue reading here He also promised to run the IRS by treating all taxpayers equally…Continue reading here
Video: Bessant has also promised to make Trump's 2017 tax cuts permanent.
Tax tips: what we need to know
“Drill, baby, drill”: In the last days of his presidency, Biden imposed a drilling ban. The move infuriated Trump, who says he will rescind it on day one…Continue reading here Elsewhere, Trump's picks for the Energy Department are poised to hit the ground running…Continue reading here
Video: Trump explains how he'll make America energy independent…again.
TikTok and China: The ban on TikTok in the US is set to begin on Sunday, hours before Monday's opening. A famous investor says he has prepared $20 billion to buy a social media app…Continue reading here
Have a coke and a smile: It's no secret that Trump loves a Diet Coke, which is why the soda maker gave him a special gift.…Continue reading here
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