Donald Trump and Elon Musk's DOGE, bracing for tariffs, and no Jamie Dimon: Politics news roundup
Plus, big changes are coming to the FTC and Treasury
President-elect Donald Trump is set to take office in a matter of months after handily defeating his rival at the ballot box. Here’s the latest on what that means for consumers, federal agencies, corporate America, and — of course — Elon Musk.
With President-elect Donald Trump returning to the White House, a changing of the guard at the Federal Trade Commission (FTC), a usually uncontroversial agency, is set to take place within a handful of months.
Donald Trump has unambiguously positioned himself as a pro-business slasher of red tape. As he prepares to return to the White House for a second term, the financial sector is ready for a new era of more lax regulations and oversight — and the windfall that could come with it. — Rocio Fabbro
Tesla $TSLA (TSLA) and SpaceX CEO Elon Musk will be joined by Vivek Ramaswamy as “outside of government” consultants on federal spending for President-elect Donald Trump’s coming administration. Exactly what that means is still unclear.
Donald Trump’s re-election could spell trouble for retailers and consumers, especially if his proposal to implement major tariffs on imports comes to fruition. Everyday items, from shoes to toasters, could be impacted. Here’s how. — Francisco Velasquez
While some House races remain uncalled as the counting of votes continues, the 2024 election season is effectively over, with President-elect Donald Trump headed to the White House. But one of his biggest supporters isn’t ready to stop.
Tesla $TSLA (TSLA) and SpaceX CEO Elon Musk is riding high right now. After months of work campaigning on President-elect Donald Trump’s behalf, his chosen candidate is heading back to the White House, proving that his latest gamble was a success — and earning him more sway with the upcoming administration.
As President-elect Donald Trump finalizes some high-level roles in his incoming administration, JPMorgan $JPM Chase (JPM) chief Jamie Dimon is not in the running. — Rocio Fabbro
Donald Trump is already narrowing his picks for Treasury Secretary, a high-level cabinet position that he’s looking to a slate of current and former finance industry executives to fill. — Rocio Fabbro
Donald Trump’s impending return to the White House has boosted some industrial sectors he has historically championed and others he advocated for during his campaign. — Vinamrata Chaturvedi