Trump is not happy with “hawkish” Powell.
Source: @realDonaldTrump
Investing in technology and specifically artificial intelligence (AI) also seemed to be front and center in the early days of the new administration.
President Trump signed an executive order to "make America the world capital in Artificial Intelligence." The order calls for agencies to craft policy to ensure U.S. dominance in AI. In addition, the new administration has proposed backing a private-sector investment of up to $500 billion to fund infrastructure for AI. The new venture, called Stargate, aims to build data centers – a huge need to support AI computing power – and potentially create up to 100,000 jobs. The investments in data centers and electricity are critical for the U.S. to maintain leadership and be a driver for AI technology and applications. The chart below shows the energy requirements measured in terawatt hours for U.S. datacenters is expected to rise over the coming years. Source: Edward Jones
🚨The current financial system benefits the RICHEST and hits the poorest:
The Top 10% of US households now own $111 trillion of all wealth or 69% of the total. The Bottom 50% holds ONLY $3.9 trillion or 2.4% of wealth. Since 2021, their wealth adjusted for inflation DECLINED by 5%. Source: Global Markets Investor
In the us, Home buying conditions have collapsed to levels NEVER seen in 65 years
Source: Bravos Research
Words used most often in Trump's speech.
Source: Wall Street Mav
JUST IN: Senator Cynthia Lummis appointed as chair of the Senate Banking Subcommittee on Digital Assets.
She wants to "urgently pass" legislation for a Strategic Bitcoin Reserve Source: Bitcoin Magazine
BREAKING: President Trump has signed an Executive Order to develop a “national digital asset stockpile,” per Fox News.
President Trump has also signed an Executive Order to create a “crypto working group,” per Reuters. These are his first crypto-related Executive Orders. Source: The Kobeissi Letter
*TRUMP: I WILL DEMAND THAT INTEREST RATES DROP IMMEDIATELY
US President Donald Trump said Thursday he would seek to bring interest rates lower, speaking remotely to the World Economic Forum in Davos, Switzerland. "I'll demand that interest rates drop immediately," he said, in a signal that he might pressure US Federal Reserve officials on the matter. "Likewise, they should be dropping all over the world. Interest rates should follow us all over." Source: Barron's, www.investing.com
