Penny rolls from the United States were seen in this photo illustration in Washington, DC on February 10, 2025.
Saul Loeb | AFP | Getty Images
President Donald Trump has been in office for more than three weeks, and a series of White House announcements show no signs of weakening.
The administration will suspend the implementation of the Foreign Corrupt Conduct Act, President Trump removed him from the Office of Government Ethics, (gasp!) and even the unfortunate penny was not spared, and Trump ordered the cessation of a penny production.
For investors, the removal of ethical regulations will certainly cause problems. How will American companies act now, especially in a market with more rampant corruption? Will there be more brown envelopes slipping under the table in the name of keeping or winning business? Will the rule of law be replaced by the number of businesses brought by the company?
There are no direct answers to these questions, but hopefully, two cents from experts and economists are heard in the coming days.
Well, at least when a penny is still there.
— Lim Hui Jie
What you need to know today
Altman rejects $97.4 billion offer from Musk-led investors for OpenAI
Tesla CEO Elon Musk yes Lead a group of investors CNBC confirmed that it will buy control of OpenAI for $97.4 billion. The offer is aimed at nonprofits that oversee the AI startup behind Chatgpt. However, Openai CEO Sam Altman is Post on X“No, thank you, but we’ll buy Twitter for $9.74 billion if you want.” Musk then replied to the Openai leader on X, calling him “fraud.“
Steel stocks increase tariffs on Trump
Steel and aluminum strands Monday surged after the U.S. president Donald Trump explain According to JPMorgan, he will impose a 25% duty on all metal imports. The aluminum tariff will add nearly 30 cents to the price, excluding shipping and other costs. The bank expects domestic production of aluminum to increase due to tariffs.
Trump stops implementing foreign corruption practice laws
Trump is Set up signing administrative orders guide Ministry of Justice The enforcement of a law that has been suspended for nearly half a century, prohibiting U.S. companies and foreign companies from bribing foreign government officials from obtaining or retaining business. pause Criminal prosecution It will be implemented to avoid putting U.S. businesses at an economic disadvantage to foreign competitors.
Market shrugging tariff concerns
U.S. stocks rose, driven by a major technology name on Monday, as traders see beyond the president’s latest U.S. tariff threat Donald Trump. this Dow Jones Industrial Average Increased by 0.38% to lead with a 4.8% return McDonald’s. this S&P 500 Obtained 0.67%, Nasdaq Composite Materials Climbing 0.98%. European stocks closed at record highs, Pan-European Stoxx 600 Up 0.58% at a record 545.92 point, and all sectors are in green.
(Pro)
Traders lower interest rates and lower expectations
Investors are Reduce their expectations As interest rates are being lowered from the Fed this year, they are increasingly concerned about tariffs and their impact on inflation. Economists warn that a large-scale trade war could significantly raise prices, and consumers seem to be worried. Bottom line
at last…
Penns are on display at Glenview Coin & Collectibles in Glenview, Illinois on July 6, 2006.
Tim Boyle | Getty Images News | Getty Images
What does the end of a penny mean for the economy, your piglet bank, and the way the U.S. price project means
President Donald Trump has ordered the Treasury Department Stop casting new pennies, This could affect prices, cash consumers, and coins still under the sofa cushion.
Experts predict that as more and more prices round to the nearest five cents, experts will have a slight inflationary impact. People at the bottom of the economic ladder may feel the most penny because they don’t have an account or can’t get a debit card, credit card or digital wallet.
