Investors are putting their money on the "Trump trade." Here's what that means.
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As former President Donald Trump stretches his lead at the polls over President Joe Biden, investors are already laying bets on what Trump's return to power could mean for the U.S. economy, stock prices, and individual industries and companies. Wall Street has dubbed such market moves the "Trump trade."
A Trump presidency would bring "important macro and market implications, with the key impacts likely revolving around trade policy and tariffs," Goldman Sachs analysts said in a report. For example, Trump's plan to impose universal tariffs on U.S. imports would likely benefit companies that mostly do business here at home, as opposed to global players, according to the investment bank.
The so-called Trump trade "has to do with those companies viewed as being the primary beneficiaries of a Trump presidency and the agenda he has laid out so far," JJ Kinahan, CEO of IG North America, told CBS MoneyWatch. "This is speculation — as we both know, what's said and what ends up happening can be two different things."
The Trump administration's deployment of troops to six different U.S. cities last year cost roughly $496 million through the end of December, according to estimates released by the Congressional Budget Office this week.
The founder of First Brands and his brother were indicted on fraud charges Thursday, the latest development in a legal saga involving the beleaguered auto parts company, which filed for bankruptcy in September. Edited by Aimee Picchi In:
Uber wants to capitalize on the emergence of self-driving cars — not by handing the wheel to AI-powered drivers, but rather by tapping the mountain of potentially valuable data the rideshare company could collect in the billions of trips it handles every year. Edited by Alain Sherter
As the Trump administration continues to prepare military options for strikes in Iran, U.S. allies in the Mideast, including Turkey, Oman and Qatar, are attempting to head off that possibility by brokering diplomatic talks, multiple regional officials told CBS News. Camilla Schick and Eleanor Watson contributed to this report.
Unlike the buoyant U.S. stock market, the dollar is sinking fast. Edited by Alain Sherter In:
Researchers at Oregon State University have collected new data about an elusive forest carnivore "renowned for its cuteness" that was nearly driven to extinction in the 20th cetury. In:
Washington — President Trump will sign an executive order Thursday afternoon to coordinate a federal government response to drug addiction and substance abuse. Jennifer Jacobs contributed to this report.
Some American citizens have begun carrying their passports in Minneapolis, fearful that they'll be mistaken for undocumented immigrants and detained amid a surge of federal agents to the city. In:
Another winter storm may be headed toward the East Coast of the United States this weekend, on the heels of a powerful and deadly system that blanketed huge swaths of the country in snow and ice. The effects of that original storm have lingered for many areas in its path, and will likely remain as repeated bouts of Arctic air plunge downward from Canada and drive temperatures below freezing. Nikki Nolan contributed to this report. In:
Paying for health care has become Americans' top financial worry after Congress failed last year to extend some Affordable Care Act subsidies, triggering premium spikes for millions, a new survey finds. Edited by Aimee Picchi In:
Immigration may have been a political liability for Democrats in 2024. But two years later, it's shaping up to be a top issue they're relying on to galvanize support and mobilize their base.
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Washington — Senate Homeland Security Committee Democrats are calling on Secretary Kristi Noem to testify before the panel "without delay," following the fatal shootings of two U.S. citizens by federal immigration agents in Minneapolis this month.