President-elect Donald Trump tapped David Sacks to be an AI and crypto"czar."Dow Jones Industrial Averageslipped 0.19%. Bitcoin, meanwhile, also traded a bit lower, falling below $100,000 after it climbed above that threshold for the first time late Wednesday.
Hiring signage displayed at a job and resource fair hosted by the Mountain Area Workforce Development Board in partnership with NCWorks in Hendersonville, North Carolina, US, on Tuesday, Nov. 19, 2024.. Investors will be watching to see if the jobs report gives a clearer picture of the labor market after a month that was muted by strikes and storms.
He tapped venture investor and podcaster David Sacks for the role in a post on social media Thursday, noting that Sacks would"steer us away from Big Tech bias and censorship." It was a sign that Trump is rewarding prominent tech tycoons who supported his campaign. Sacks had been a big financial backer for Trump during his 2024 campaign despite criticizing him after the Jan. 6 Capitol riot.
— CNBC's Lisa Kailai Han, Pia Singh, Jeff Cox, Leslie Josephs, Melissa Repko, Gabrielle Fonrouge and Kif Leswing contributed to this report.
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