Trump Blurs Lines in $20 Billion Data Center Announcement and Other Deals
Published On Jan 7, 2025, 4:17 PM
The article discusses how former President Donald Trump is intertwining his family business interests with government plans as he approaches his second inauguration. Key figures include Hussain Sajwani, the founder of DAMAC Properties, who is planning significant investments in U.S. data centers, and Steve Witkoff, involved in a crypto company and serving as Trump's Middle East envoy. It also highlights the continuation of business ties with Saudi interests, particularly through LIV Golf, indicating ongoing financial inflows to Trump’s ventures.
Stock Forecasts
VNQ
Positive
Given the ongoing partnership between Trump's ventures and foreign investments, particularly with DAMAC and LIV Golf, it suggests potential growth in associated business ventures and positive signals for the real estate and crypto sectors. Investors may find opportunity in real estate companies or ETFs connected to Middle Eastern investments or those capitalizing on crypto trends.
SCHE
Negative
The involvement of Saudi financing through LIV Golf for Trump’s properties could increase investor interest in related sectors, although political controversies may influence market perception negatively.
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