FEATURED IN TODAYS NEWSLETTER

• Stubborn Inflation Threatens to Derail Fed’s 2025 Rate Cut Plans

• How Trump’s Second Term Could Reshape Big Tech’s Future

• Elon Musk Surprises with Crypto Endorsement as Bitcoin and Dogecoin Prices Soar

Business

Stubborn Inflation Threatens to Derail Fed’s 2025 Rate Cut Plans

This week’s October inflation data revealed limited progress toward the Federal Reserve's 2% target, raising doubts about the extent of interest rate cuts planned for 2025.  

On Wednesday, the "core" Consumer Price Index (CPI), excluding volatile food and energy prices, showed a 3.3% increase year-over-year for the third straight month. Meanwhile, Thursday's "core" Producer Price Index (PPI) reported a 3.1% annual rise in October, up from 2.8% in September and exceeding economists' forecasts of 3%. 

LATEST IN CRYPTO

Elon Musk Surprises with Crypto Endorsement as Bitcoin and Dogecoin Prices Soar

Bitcoin has surged past $90,000 per coin, marking a 20% increase in just one week, as traders set their sights on $100,000 following Donald Trump’s U.S. presidential victory. Meanwhile, Dogecoin—Musk's "favorite" cryptocurrency—has led the charge in a price rally that has pushed the combined market back over $3 trillion for the first time since 2021.  

In the wake of a leak revealing that BlackRock is quietly planning to increase its bitcoin investments, Elon Musk has once again praised Dogecoin, the meme-based crypto he once promised to "send to the moon."

TECH

How Trump’s Second Term Could Reshape Big Tech’s Future

The tech industry is set to confront pressing questions on key issues when Donald Trump assumes office in January.  

The president-elect will have significant influence over critical topics like artificial intelligence, antitrust regulation, and the future of the CHIPS Act—decisions that will carry far-reaching consequences for Big Tech.  

Trump’s relationship with the tech sector has been rocky. He clashed with Amazon (AMZN) and Blue Origin founder Jeff Bezos over unfavorable Washington Post coverage during his first term. He also accused Meta (META) CEO Mark Zuckerberg of conspiring against him in the 2020 election and once threatened to jail him. Additionally, Trump reportedly contacted Google (GOOG, GOOGL) CEO Sundar Pichai to complain about a perceived lack of positive stories about him in search results.  

Despite this tension, Trump has powerful allies in the tech world, including Tesla (TSLA) CEO Elon Musk, Anduril Industries founder Palmer Luckey, and Andreessen Horowitz co-founders Marc Andreessen and Ben Horowitz, who have collectively donated millions to support his agenda.  

With a Republican majority in the Senate and an expected majority in the House, Trump will have significant leverage to push his policies. However, this doesn’t necessarily spell trouble for the tech sector. In fact, some major players could find opportunities to benefit under his second term.