The $50 trillion guardrail on Trump
CNN
Donald Trump is returning to the White House without many of the guardrails of his first term.
Donald Trump is returning to the White House without many of the guardrails of his first term. Many Never-Trump Republicans in Congress have converted or been defeated. Former economic adviser Gary Cohn and other anti-tariff voices are not likely to be welcome in the new Trump administration. Special counsel Jack Smith intends to step down. And the Supreme Court has granted presidents far-reaching immunity from prosecution. Yet there is another force that could deter Trump from some of his most extreme instincts: the $50 trillion US stock market. During his first term, Trump obsessed over market moves, viewing the Dow Jones Industrial Average as a real-time barometer of his success. Trump regularly tweeted out even the most mundane market milestones, sharply departing from the hands-off approach his predecessors and successor took with the market. More recently, Trump was “euphoric” over the market’s initial surge after his sweeping victory this month, sources told CNN’s Kayla Tausche. A market meltdown triggered by a Trump policy idea – say, unthinkably high tariffs on China or a push to seriously mess with the Federal Reserve – could at least give the president pause, if not force him to back down altogether.
Jersey Mike’s Subs is selling a significant stake to private equity giant Blackstone, ending its nearly seven-decade run as an independently owned business that transformed into a major competitor against well-entrenched competitors like Subway.
Walmart’s business is surging. Customers making more than $100,000 a year are fueling the growth.
The president-elect’s plan to deport millions of undocumented immigrations may backfire, driving up the cost of homebuying even further.
In the first quarter of this year, the price of bitcoin broke records in the wake of approval by the Securities and Exchange Commission for the first exchange-traded spot bitcoin funds. The cryptocurrency topped $70,000 in March, according to coinmarketcap.com.
Donald Trump is returning to the White House without many of the guardrails of his first term.
Donald Trump’s agenda as US president will include overseeing the development of artificial intelligence, potentially the most powerful technology of our time. He has promised to “slash excess regulations” and tapped tech billionaire Elon Musk to help lead the effort.
Brazil’s first lady, Janja Lula da Silva, swore while addressing billionaire Elon Musk during a G20 event on the weekend, at which she spoke about the need to regulate social media to rein in misinformation.
Young American adults are increasingly getting their news from social media influencers, a majority of whom are men and lean to the right, according to a new study from the Pew Research Center.
President-elect Donald Trump’s pick for chairman of the Federal Communications Commission signaled that it won’t be business-as-usual at the country’s communications regulatory agency
Novo Nordisk said Monday it has launched its popular obesity drug Wegovy in China, the world’s second-largest pharmaceuticals market where it estimates more than 180 million people live with obesity.
MSNBC co-hosts Joe Scarborough and Mika Brzezinski “went to Mar-a-Lago to meet personally” with President-elect Donald Trump, Brzezinski revealed at the beginning of Monday’s show. The Friday rendezvous was “the first time we have seen him in seven years,” she added.