Trump’s cuts continue sweeping through the US government, and even the penny is not spared

It’s been a little more than three weeks in the second term of American president Donald Trump, and the wave of white house announcements shows no signs of slowdown.

The Administration should interrupt the application of the law on foreign corruption practices, President Trump abolished the director of the government’s ethics office, and (panting!) Even humble Penny is not spared, Trump Ordering penny production.

For investors, the dismantling of ethical regulations would certainly raise questions. How would US companies are getting involved now, especially on the markets where corruption is more widespread? Will the brighter envelopes be slipped under tables, all in the name of conservation or victory? Will the rule of law be replaced by the amount of cases caused by a company?

There are no straight answers to these questions, but expect to hear the two hundred of experts and economists in the coming days.

Well, at least when the penny is still there.

– Lim Hui jie

Altman decreases the offer by $ 97.4 billion for Openai by investors led by Musk
CEO of Tesla, Elon Musk, East lead a group of investors By offering to buy OPENAI control for $ 97.4 billion, CNBC confirmed. The offer concerns the non -profit organization that oversees the startup of artificial intelligence behind Chatgpt. However, the CEO of Openai, Sam Altman, wrote on a Publish“No thank you but we will buy Twitter for $ 9.74 billion if you wish.” Musk then replied to the Openai chief on x the appellant “crook.“”

Steel stocks increase on Trump’s prices
Steel and aluminum stocks jumped Monday after the American president Donald Trump said It will impose rights of 25% on all imports of metals in the United States, the aluminum price would add almost 30 cents per book to prices, not to mention costs, according to JPMorgan. The bank expects the domestic aluminum production to increase as a result of prices.

Trump to interrupt the application of the law on foreign corruption practices
Trump is set to sign a decree direct the Ministry of Justice To take a break by applying a law of almost half a century that prohibits American and foreign companies from welding leaders of foreign governments to obtain or retain business. The break in criminal proceedings will be implemented to avoid putting American companies in an economic disadvantage for foreign competitors.

The markets increase the shoulders of the pricing fears
American actions increased on Monday, fueled by the main technological names and that traders have exceeded the latest American pricing threat of the President Donald Trump. THE Industrial average Dow Jones Added 0.38%, led by a gain of 4.8% McDonald’s. THE S&P 500 won 0.67% and the Nasdaq Composite climbed by 0.98%. European actions have closed at a record level, with the panician Stoxx 600 Up 0.58% to a record summit of 545.92 points and with all the green sectors.

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Traders reduce rates reduction rates
Investors are lower their expectations Even more for Fed’s interest rate reductions this year, because they are more concerned about the prices and the effect they may have on inflation. Economists have warned that a large -scale trade war could considerably increase prices, and consumers also seem to worry.

What the end of the penny for the economy means, your piggy bank and the way America price items

President Donald Trump ordered the Treasury of Stop entering new sous, This could have an impact on prices, cash consumers and these parts still under your sofa cushions.

Experts predict a slight inflationary impact, because more prices are rounded to the closest five hundred. People at the bottom of the economic scale will probably feel the most pinching, as they are not banished or unable to access debit or credit cards or a digital portfolio.

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