President-elect Trump has criticized the Biden administration’s efforts to regulate gas-powered appliances and has pledged to reverse those policies when he takes office.
President-elect Trump will take office on Monday, and Wall Street and corporate America are bracing for a major shift from the past four years. Trump has promised to advance his pro-growth policies with tax cuts and big moves that will impact industries like energy, cryptocurrencies and what he sees as a bloated federal workforce. He will also inherit a ballooning 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 before Trump took office. The Dow Jones and S&P 500 had their best week since he won the election…More about the markets here. In the world of cryptocurrencies, Bitcoin is now trading at over $100,000…Live cryptocurrency prices here.
Reducing inflation will also be one of the president’s priorities. Here’s the latest news on consumer prices…Continue reading here.
video: The cryptocurrency head of trading app Robinhood offers an outlook on Trump’s impact on the sector.
National debt bombTrillions of national debts are the Achilles’ heel for the United States.Continue reading here.
Doug: The Department of Government Efficiency, run by Elon Musk, is already targeting cutting the fat in efforts to salvage what it estimates could be as much as $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, donating a staggering sum…Continue reading here.
individual: Several CEOs made the trip to Mar-a-Lago to eat with Trump after his victory in November…Continue reading here.
Walmart CEO: As FOX Business exclusively reported, Walmart, the world’s largest retailer, held a productive meeting…Continue reading here.
video: Walmart’s CFO gives an update on the business, especially food.
Wake up no more: Trump destroyed vigilance on the campaign trail. In recent weeks, a large number of companies have begun to roll back their DEI policies…Continue reading here. In Meta’s case, CEO Mark Zuckerberg blamed his former right-hand man for turning left…Continue reading here.
Trump’s next term
Head of Treasury: Scott Bescent, Trump’s nominee for Treasury Department, received high marks in his confirmation hearing, shutting out Bernie Sanders.Continue reading here. He also promised to manage the IRS by treating all taxpayers equally…Continue reading here.
video: Picente also promises to make Trump’s 2017 tax cuts permanent.
“Dig, baby, dig”: Biden pushed the drilling ban during his final days in office. This move angered Trump, who said he would withdraw it on the first day…Continue reading here. Elsewhere, Trump’s picks to run the Department of Energy are poised to hit the ground running…Continue reading here.
video: Trump explains how he will make America energy independent… again.
TikTok and China: TikTok’s US ban is set to begin on Sunday, hours before his inauguration on Monday. A celebrity investor says he has $20 billion ready to go on a social media app…Continue reading here.
Drink a cola and smile: It’s no secret that Trump loves Diet Coke, which is why the soda maker gave him a special gift…Continue reading here.
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