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CNBC Daily Open: Trump's handprints on the U.S. economy
CNBC· 2025-10-24 06:39
U.S. President Donald Trump gestures during an announcement regarding his administration's policies against cartels and human trafficking, from the State Dining Room at the White House in Washington, D.C., U.S., Oct. 23, 2025.China on Thursday concluded its "Fourth Plenum," a meeting aimed at setting out the country's development agenda for the next five years. Beijing will focus on domestic consumption, self-reliance in technology as well as the agricultural and manufacturing sectors.In the U.S. economy an ...
CNBC Daily Open: U.S.' 4-year economic plan, with a Trump twist?
CNBC· 2025-10-24 01:38
Group 1: U.S. Economic Developments - The U.S. economy is showing signs of government involvement, particularly highlighted by Intel's third-quarter revenue exceeding analysts' expectations, leading to a 7.7% stock increase [2] - Intel's stock surge is partly attributed to the U.S. government's 10% stake in the company, acquired in August, which has reportedly generated $30 billion to $40 billion in gains for the government [3] Group 2: Regulatory and Political Influences - President Trump pardoned Binance founder Changpeng Zhao, who was previously convicted for money laundering, indicating potential political influences on the cryptocurrency sector [4] - The Trump family's crypto venture has reportedly benefited from a partnership with Binance, raising questions about the intersection of politics and economic strategy in the U.S. [4]