President Trump will make major infrastructure announcements on his second day.
President Donald Trump didn't miss a beat at work on Monday. In just five days, he signed a slew of executive orders related to artificial intelligence. Cryptocurrency; and Diversity, Equity, and Inclusion, also known as DEI, which he is pledging to shake up within the federal workforce.
This edition of Fox Business Rundown highlights Trump's biggest business moves.
Stock Notch Weekly Gain: All three major U.S. averages posted weekly gains, even with a decline on Friday.. …There are more details on this market.
The S&P 500 reached an all-time high earlier in the week before pulling back. Still, the benchmark is over 6,000.
Trump has a busy first five days
Super Charing AI: President Trump has made a $500 billion investment called Stargate aimed at advancing AI with Oracle, Softbank, and Openai.Read here. This venture is expected to be a game changer in cancer detection, Oracle's Larry Ellison explained…Read here. But the deal didn't come without controversy within the tech community…Read here.
video: Openai CFO Sarah Friar sets the record straight with Stargate.
Davos Bofadis! Trump, speaking remotely before the World Economic Forum in Davos, Switzerland, called out Bank of America CEO Brian Moynihan over the bank's allegations against conservatives.…Read here. His surprise slam reignited that some U.S. banks have allegedly “condemned” some groups for their political or religious affiliations, banks dispute…Read here.
Dei Doa: Trump took the hammer to Day with executive order, authorizing government agencies to do the same…Read here. On Friday, Target followed other retailers such as Walmart and Lowe's in rolling back Day's push.Read here.
Tax cuts are coming: Trump also reiterated his promise of tax cuts, including a low corporate rate of 15%…Read here. The president also inherits a financial Tumani…Read here.
video: Former Trump economic adviser Larry Kudlow highlights the new administration.
Crypto Capital of the World: Trump kept his promise and rolled out major changes in the crypto community.Read here. Crypto Czar David Sacks said on a Fox Business exclusive that Trump would bring the industry back to America after former President Biden drove it away…Read here.
video: Investor David Sachs talks about crypto's potential under Trump.
Bitcoin has bounced between losses and gains this week, but remains above $100,000 and ahead by more than 10% this year…Live cryptocurrency prices here.
Energy: Energy groups celebrated Trump's campaign mantra, “Drill Baby Drill.” Read here.
video: Trump sent a serious warning to Opec countries.
New Sheriff: Trump ends federal workers working from home, promises other big cuts…Read here.
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