Tuesday, January 21, 2025

Trump takes aim at DEI

Also: A return-to-office workaround ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue Jan 21 2025

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money, new president edition.

Making good on his campaign pledge to roll back diversity, equity and inclusion across federal government, President Donald Trump has already thrown the weight of the White House behind growing Republican opposition to diversity measures that he says discriminate against white Americans. 

An executive order signed Monday rescinds Biden administration orders that put much of the DEI apparatus in place.

A work-around for return-to-office mandates

'Tis the season to be…..coffee badging?

The new year traditionally marks the time U.S. corporations require employees to return to the office, rolling back remote-work policies from the start of the COVID-10 pandemic, Paul Davidson reports.

And that means it's also the season for workers to try to beat the system.

TikTok is still ticking

In one of his first moves following his inauguration, President Donald Trump issued an executive order Monday aiming to halt enforcement of a ban on TikTok in the U.S. for 75 days.

The order comes after TikTok abruptly shut down in the U.S. over the weekend, only to sputter back to life, based on assurances from Trump. Service was swiftly restored to the popular short-form video app Sunday, although Apple and Google haven't returned it to their app stores for downloading.

📰 More stories you shouldn't miss 📰

Trump crypto coin soars in value
Biden's FTC chair to resign
An unbiased approach to layoffs
A 'national energy emergency'?
New 401(k) contribution limits

About The Daily Money

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.

President Donald Trump gestures after he was sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025.

In one of his first moves to crack down on "woke," President Trump used his executive power on Inauguration Day to end DEI in the federal government.

More companies are asking workers to return to the office, spurring some employees to swipe their badges, stay at work for a little while and then go back home, a practice known as coffee badging.
 

Here's the strategy helping workers dodge return-to-office decrees

Workers coffee badge to avoid company mandates to work in the office. They swipe their ID badges to mark their arrival, grab some coffee, go home.

TikTok's Beijing-based parent company ByteDance shut down the app Sunday before working to restore it after President-elect Donald Trump vowed to sign an executive order on his first day in office seeking to temporarily halt a ban against the platform.
 

Trump issues executive order to halt TikTok ban – but is it legal?

President Donald Trump issued an executive order aiming to temporarily halt a law requiring TikTok to sell U.S. assets or be banned in the U.S.

U.S. Vice President-elect former Sen. J.D. Vance (R-OH) speaks with U.S. President-elect Donald Trump as they arrive at inauguration ceremonies in the Rotunda of the U.S. Capitol on Jan. 20, 2025, in Washington, DC. Donald Trump takes office for his second term as the 47th president of the United States.
 

Immigration, gender, energy: Trump executive orders to remake America

President-elect Donald Trump planned to sign dozens of executive orders Monday in a sweeping move.

A stocking with 20 dollar bills hangs on a Christmas tree in this photo illustration taken on December 16, 2024.
 

Over my dead body? Boomers aren't quite ready to pass on their wealth.

A survey of wealthy Americans by Charles Schwab reveals a fascinating generational divide over how, and when, we leave money to our heirs.

Two businesspeople discussing something in an office.
 

401(k) contribution limits for 2025: New rules for adults 50 and older

A recent rule change has given a subset of older workers the opportunity to save a record-high amount.

FILE PHOTO: Lina Khan, chair of the Federal Trade Commission, speaks at The Wall Street Journal's Future of Everything Festival in New York City, U.S., May 22, 2024.
 

Biden's FTC chair who cracked down on big companies to resign in coming weeks

Lina Khan, the youngest chair of the U.S. Federal Trade Commission will resign in the coming weeks with Trump's incoming administration.

Donald Trump is sworn in as the 47th president of the United States as first lady Melania Trump holds the Bible on Jan. 20, 2025.
 

Trump's meme coin surges as 'crypto president' returns to office

As Trump is sworn back into office on Monday, $TRUMP topped the market cap, bringing along optimism for the cryptocurrency industry.

Stock photo of businessperson leaving the office with box of her belongings after losing a job.
 

How to navigate layoffs in an unbiased fashion

It's crucial for employers to base layoff decisions on legitimate business reasons to avoid legal exposure or discrimination claims.

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