ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
Apologies: President Trump is having such a busy first week, we feel like we're playing catchup. |
Amid the flurry of actions Trump took his first day in office Monday was a memorandum calling on federal agencies to find ways to solve what Americans have called their biggest financial burden: inflation. |
The memo signified Trump's effort to swiftly address a historic post-pandemic spike in consumer prices. Inflation is a chief reason Americans said they disapproved of former President Joe Biden and voted for Trump over former Vice President Kamala Harris. |
Do 3 billionaires make a 'broligarchy'? |
The three wealthiest Americans, Elon Musk, Jeff Bezos and Mark Zuckerberg, sat together Monday in a VIP section at the second inauguration of President Donald Trump. |
It was an historic moment: a literal concentration of wealth, the core of a group of billionaire guests with a collective worth of more than $1 trillion. Images of the Billionaires' Row circled the globe, inspiring the same fascination that greeted pictures of five current and former presidents assembled at Jimmy Carter's funeral, earlier in the month. |
The sight of five presidents at Carter's funeral, by most accounts, was stirring. The sight of three tech billionaires at the Trump inauguration, for some observers, left an altogether different impression. |
Are diversity initiatives illegal now? |
Just days after taking office, Trump has sent a clear message to corporate America: Follow the federal government's lead and "end illegal DEI discrimination" or face civil rights investigations. |
Trump's executive order aims to end DEI in the federal government and affirmative action in federal contracting. It bars the government from pushing contractors to diversify their workforce and taps federal agencies to use Civil Rights-era laws "to combat illegal private-sector DEI preferences, mandates, policies, programs and activities." |
📰 More stories you shouldn't miss 📰 |
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | | | Trump will probably seek to ease inflation and lower prices by drilling for more oil, loosening regulations, reducing federal spending, experts say. | | | | President Trump's warning to "end illegal DEI discrimination" or face civil rights investigations is expected to have immediate chilling effect. | | | | The three wealthiest Americans, Elon Musk, Jeff Bezos and Mark Zuckerberg, sat together Monday at the second inauguration of President Donald Trump. | | | | Investors are looking ahead to its potential as a technology company, and not just as an automaker. | | | | A study by Plant-A Insights in partnership with USA TODAY analyzed which companies offer the best customer service. | | | | Wall Street closed higher, with the S&P 500 index scoring an all-time high. Blowout Netflix results and plans for $500b AI investment fuel gains. | | | | The employees were dressed as snow cones for a family Christmas event, according to a spokesperson for the cruise line. | | | | What is different this time from previous Trump administration tariffs? We explain. | | | | Trump said the private sector joint venture will build data centers and create more than 100,000 jobs in the United States. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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