President-elect Trump has criticized the Biden administration's efforts to regulate gasoline appliances and vowed to reverse those policies after taking office.
President-elect Trump will take office on Monday, and Wall Street and corporate America are bracing for major changes from the past four years. President Trump has promised to push for pro-growth policies with tax cuts and big moves that will impact industries such as energy and cryptocurrencies, as well as what he sees as a bloated federal workforce. They will also inherit the country's ballooning debt.
In this special edition of the FOX Business Rundown newsletter, we highlight what to watch over the coming months.
Wall Street celebrates: Stocks ended the week on a high ahead of President Trump's inauguration. The Dow and S&P 500 had their best week since his election victory.…Click here to learn more about the market. In the world of cryptocurrencies, Bitcoin is currently trading at over $100,000…Click here for live prices of virtual currencies.
Reducing the inflation rate will also be the president's responsibility. The latest developments in consumer prices are as follows…Continue reading here.
video: Robinhood trading app's head of crypto shares his outlook on how President Trump will impact the sector.
national debt bomb: Trillion national debt is America's Achilles heel…Continue reading here.
doge: Elon Musk's Department of Government Efficiency is already targeting fat cuts in an effort to save government waste estimated at $2 trillion…Continue reading here.
Deep pocket: Major Fortune 500 companies, including Meta, Amazon, Ford, and Boeing, to name a few, opened their vaults and donated an astonishing amount of money to President Trump's inauguration…Continue reading here.
1 to 1: After his victory in November, many CEOs visited Mar-a-Lago to share a meal with President Trump…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 shares the latest information about business, especially food.
Don't wake up again: Mr. Trump thoroughly denounced wokeism in his election campaign. In recent weeks, many companies have begun rolling back their DEI policies.Continue reading here. In the case of Meta, CEO Mark Zuckerberg blamed his former right-hand man for pushing the company to the left…Continue reading here.
Trump's next term
Treasurer: President Trump's nominee for the Treasury Department, Scott Bessent, received high praise during his confirmation hearing, silencing Bernie Sanders…Continue reading here. He also promised to run the IRS by treating all taxpayers equally…Continue reading here.
video: Bessent also promised to make President Trump's 2017 tax cuts permanent.
Tax Tips: What you need to know
“Drill, baby, drill”: Biden pushed for a drilling ban in his final days in office. The move infuriated President Trump, who said he would rescind it on day one.…Continue reading here. Elsewhere, Trump's picks for the Energy Department leadership are ready to hit the ground running…Continue reading here.
video: Trump explains how he will achieve America's energy independence… again.
TikTok and China: The ban on TikTok in the United States is scheduled to begin on Sunday, hours before Monday's inauguration. One prominent investor says he's ready to spend $20 billion on social media apps…Continue reading here.
Drink a Coke and enjoy the smiles: It's no secret that President Trump loves Diet Coke, which is why the soda maker gave him a special gift.…Continue reading here.
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