President Trump made a major infrastructure announcement on his second day in office.
President Donald Trump, inaugurated on Monday, did not miss coming to work. In just five days, he signed a number of high-profile orders related to artificial intelligence; cryptocurrencies; and diversity, equity and inclusion, also known as DEI, and promises to be stirred within the organization’s workforce.
In this edition of FOX Business Rundown we highlight Trump’s biggest business move.
STOCKS NOT WEEKLY PROFITS: All three major US stocks closed on weekly gains, even down on Friday..…lots of markets here.
The S&P 500 hit an all-time high earlier in the week before pulling back. However, the benchmark remains above 6,000.
TRUMP IS BUSY FOR THE FIRST FIVE DAYS
SUPERCHARGING AI: President Trump unveiled a $500 billion investment called Stargate aimed at advancing AI with Oracle, Softbank and OpenAI…keep reading here. This work is expected to change the game of cancer detection, said Larry Ellison of Oracle…keep reading here. However, the deal did not come without controversy within the tech community…keep 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, blasted Bank of America CEO Brian Moynihan about his bank’s discrimination against conservatives.…keep reading here. To his surprise, it also emerged that some American banks have been accused of “cashing out” other groups because of their political or religious affiliations, a practice the banks oppose.…keep reading here.
DEI DOA: Trump took the hammer to DEI with an executive order, empowering federal agencies to do the same…keep reading here. On Friday, Target lowered its DEI, following other retailers, including Walmart and Lowe’s…keep reading here.
COMING TO TAX DEPENDENCY: Trump reiterated his promise of tax cuts, including a corporate rate as low as 15%.…keep reading here. The president also inherits the financial tsumani…keep reading here.
VIDEO: Former Trump economic adviser Larry Kudlow highlights the new administration.
CRYPTO CAPITAL OF THE WORLD: Trump, keeping his promise, is making major changes to the crypto community, which investors say will help the industry thrive in the US…keep reading here. Crypto czar David Sacks, in a FOX Business special, said Trump will bring the industry back to America after former President Biden kicked it out…keep reading here.
VIDEO: Investor David Sacks talks about crypto opportunities under Trump.
Bitcoin bounced between losses and gains this week but remains above the $100,000 level and has advanced more than 10% this year…LIVE cryptocurrency prices here.
MORE: Energy groups celebrated Trump’s campaign mantra, “Drill Baby Drill,” as he promised big changes to come… keep reading here.
VIDEO: Trump sent OPEC countries a serious warning.
NEW SHERIFF: Trump is suspending federal workers who work from home and promising more big cuts…keep reading here.
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