Trump makes vow to anyone who invests $1 billion or more in the US
Published On Dec 10, 2024, 3:58 PM
President-elect Trump has made a new pledge to encourage investment in the U.S. by promising that any individual or company that invests $1 billion or more will receive expedited approvals and permits, including environmental regulations. He emphasizes a return to a platform of deregulation to spur economic growth, contrasting sharply with President Biden's approach which has seen an increase in federal regulations. Trump's strategy aims to attract significant investments by minimizing bureaucratic hurdles, mirroring his actions during his first term.
Stock Forecasts
SPY
Positive
Trump's promise of deregulation and expedited processes for large investments could lead to increased foreign investment in the U.S., particularly in infrastructure, manufacturing, and energy sectors. Companies looking to capitalize on this could see positive growth. However, the actual realization of these investments depends on broader economic conditions and corporate willingness to invest large sums amid uncertainties.
Related News
Stock market today: Dow, S&P 500, Nasdaq fall as investors await key inflation data
Dec 10, 2024, 4:03 PM
Stocks are mixed ahead of a consumer inflation report seen as key to the path of interest rates.
Stock market today: Dow, S&P 500, Nasdaq futures hit pause in countdown to consumer inflation data
Dec 10, 2024, 7:13 AM
Markets are muted on the eve of a closely watched consumer inflation report seen as key to the path of interest rates.
Stop non-priority spending, Treasury warns ministers
Dec 9, 2024, 6:52 PM
Rachel Reeves promises to take an "iron fist" to waste, but the Tories say her sums do not add up.