Finance

How a Trump Victory Could Shape Your Finances and the U.S. Economy

If elected, Donald Trump will face the challenge of following through on his economic promises, though his success depends on factors like Congressional support. His proposals include measures to tackle inflation, such as imposing high tariffs on imports—up to 60% on goods from China and up to 200% on Mexican-made vehicles—which he argues would boost U.S. manufacturing but might raise domestic prices. He also promises to lower gas prices through increased production on federal lands, though experts note global market forces largely dictate fuel costs. Trump has called for capping credit card interest rates at 10%, though this would require Congressional approval and likely face legal hurdles. His tax policies include extending cuts from the 2017 Tax Cuts and Jobs Act, reducing the corporate tax rate, and introducing credits for business R&D spending.

TECH

Trump’s Return? Potential Impacts on Google, Apple, and Microsoft

With Donald Trump securing the presidency once again, the tech world is watching closely to see how his administration will approach key issues like AI regulation, immigration, and antitrust cases. While significant changes to AI policy seem likely, major antitrust cases are expected to proceed with little alteration. Trump has hinted at a cabinet reshuffle, potentially including prominent business figures who supported his campaign, notably tech titan Elon Musk. In his election-night speech, Trump praised Musk, calling him "an amazing guy" and marveling at his accomplishments with SpaceX rockets. From tariffs to M&A policies, Big Tech is bracing for a new era under Trump’s leadership.

CRYPTO

A New American Renaissance’: Crypto Cheers Trump’s Return to Power

Crypto supporters celebrated on Wednesday as their significant financial contributions to the US elections paid off, with Donald Trump’s reelection and victories for pro-crypto candidates across the board. Previously skeptical of crypto, Trump garnered tens of millions in industry backing by vowing to make the US the global Bitcoin leader. During his campaign this summer, he promised to fire SEC Chair Gary Gensler, establish a government-backed Bitcoin reserve, and ensure all future Bitcoin mining takes place on US soil.