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Following Donald Trump's election victory, U.S. markets have surged, with the S&P 500 and Dow Jones reaching record highs. Investors are optimistic about potential tax cuts and deregulation, while Bitcoin also hit a new peak. The Federal Reserve's recent interest rate cut further fueled market enthusiasm, marking a significant week for financial assets.
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Following Donald Trump's election victory, Silicon Valley figures have openly supported his administration, anticipating a pro-business agenda. Key players like Elon Musk and Peter Thiel credit Trump's win with a shift in tech's political landscape, while stock markets, particularly Tesla and Bitcoin, have surged amid expectations of deregulation and tax cuts.
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Following the recent U.S. election, the dollar has surged, reaching its highest level in a year. Analysts attribute this rise to anticipated economic policies under President-elect Trump, including tariffs and tax cuts, which could impact global markets and inflation rates.
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The incoming Trump administration plans to eliminate the $7,500 federal tax credit for electric vehicles (EVs), which could significantly impact EV demand in the U.S. Tesla may benefit from the change, as it is less reliant on subsidies compared to traditional automakers. Analysts predict a potential drop in annual EV registrations by over 300,000 cars.