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☆ Americans are doom spending
▼ + stars: | 2024-11-10 | by ( Erika Tulfo | ) edition.cnn.com time to read: +7 min

While this kind of catharsis might work to temporarily allay worries, experts say doom spending poses a danger to consumers’ long-term financial health. Joe Raedle/Getty ImagesThat financial gloom is powering doom spending and, in turn, driving up credit card debt. Beyond the economy, experts say that internet habits play a significant role in driving doom spending, especially for younger consumers. But Alev says that she anticipates a pop in spending whether Americans feel positively or negatively about the outcome of the election. How do you curb doom spending?

Persons: ”, Gen, “ We’re, Courtney Alev, “, Alev, Donald Trump, Trump, Kamala Harris, —, Sertan Kabadayi, Joe Raedle, Bankrate, Aja Evans, ’ ” Evans, hasn’t, ” Alev, Jeff Roberson, Biden, Evans Organizations: CNN, Wheaton College senior, YouTube, Credit, Gallup, Fordham University’s Gabelli School of Business, Federal, Federal Reserve Bank of Philadelphia, Finance, Brookings Institution Locations: Massachusetts, Miami , Florida, West Palm Beach , Florida

☆ Economists say Trump could give Americans the very thing they voted against
▼ + stars: | 2024-11-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

AdvertisementA key sticking point for the 73,479,065 Americans (and counting) who voted for President-elect Donald Trump was inflation. Inflationary promisesThe main Trump proposals viewed as inflationary are: sweeping tariffs on imports, mass deportation of immigrants, and lower taxes. Related storiesTypically, US companies simply pass the tariff costs to consumers via higher prices, and company executives are already signaling this to investors. Possible inflation falloutIf Trump delivers on all of these proposals, then a rebound in inflation is all but guaranteed, economists have said. AdvertisementIt's worth noting that the tariffs Trump enacted in his first term did not result in a significant inflation increase.

Persons: —, Donald Trump, Trump, It's, Taylor Rogers —, Philip Daniele, Timothy Boyle, Wendy Edelberg, Nobel, Paul Krugman, Ned Davis, Veneta Dimitrova, Dimitrova Organizations: Trump, Service, White, Biden, Republican National, Center, Columbia, Washington Post, National Association of Homebuilders, Federal Reserve Locations: China, —

☆ Trump ‘most likely’ needs 60 votes in Senate to enact tariff plan, Sen. Rick Scott suggests
▼ + stars: | 2024-11-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Sen. Rick Scott, R-Fla. — one of three lawmakers vying to succeed Sen. Mitch McConnell, R-KY, as Senate majority leader — suggested Sunday that Trump would probably need Congress' help. "The tariffs, that most likely is going to require 60 [votes in the Senate] unless there's some way we can get that done through reciliation with 51 [votes]," Scott said on Fox News "Sunday Morning Futures." It avoids a filibuster, which requires 60 votes to overcome. Trump has vowed across-the-board tariffs of 10% to 20% on all imports arriving into the United States and at least a 60% tariff on Chinese imports. Economic experts dispute whether Trump's tariff plan, especially the tax on global imports, can be done via executive action.

Persons: Donald Trump, Sen, Rick Scott, Mitch McConnell, —, Trump, Scott, He's, Alan Wolff, Jason Furman, Obama Organizations: Fox News, Representatives, Deere & Co, World Trade Organization, Trump, Harvard University, of Economic Advisers, CNBC Locations: United States, Mexico, U.S

☆ Bernie Sanders says Democrats need to own why they lost the working-class
▼ + stars: | 2024-11-10 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

In response to the election loss, Bernie Sanders is blaming Democrats, not Joe Biden. Democrats didn't get enough support from the working class, Sanders said. It is not working for the working class. "The Democrats need an explanation, and that explanation is corporate greed and the power of the billionaire class. I know that's uncomfortable for people in the Democratic Party, some people, but that is the issue we have to address."

Persons: Bernie Sanders, Joe Biden, Democrats didn't, Sanders, Donald Trump, —, Sen, Bernie Sanders isn't, Joe, Biden, Donald Trump's, Nancy Pelosi, Pelosi, Trump Organizations: Democrats, Service, Democratic, NBC, New York Times, Times, Democrat Party, Social Security, Democratic Party

☆ Mark Cuban says Trump's tariff proposals will ramp up prices
▼ + stars: | 2024-11-10 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Mark Cuban has criticized Donald Trump's tariff proposals. AdvertisementMark Cuban is raising the alarm again on President-elect Donald Trump's tariff proposals. In a Threads post on Friday, Cuban said companies are already bracing for potential tariffs on Chinese imports by shoring up inventory. Cuban wrote that this will inevitably raise consumer prices due to the cost of storing inventory. Many economists say that Trump's tariffs will ultimately hurt consumers' wallets.

Persons: Mark Cuban, Donald Trump's, —, Cuban, Trump, Kamala Harris, Harris, Paul Krugman, Philip Daniele, Timothy Boyle, Oliver Zipse Organizations: Service, Cuban, Trump, Peterson Institute for International Economics, Federal, Taxation, Economic, Columbia, Washington Post, BMW Locations: Cuban, China, United States

☆ Fed's Kashkari says Trump tariffs could reheat inflation if they provoke global trade 'tit for tat'
▼ + stars: | 2024-11-10 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 7, 2024. Minneapolis Federal Reserve President Neel Kashkari said Sunday that President-elect Donald Trump's tariff proposals could worsen long-term inflation if global trade partners were to strike back. One-time tariffs, Kashkari said on CBS' "Face the Nation," "shouldn't have an effect long run on inflation." "The challenge becomes, if there's a tit for tat and it's one country imposing tariffs and then responses and it's escalating. Trump and his backers like billionaire Tesla CEO Elon Musk have also been outspoken about their desire to give the president input on Fed policy decisions.

Persons: Neel Kashkari, The Beverly Hilton, Donald Trump's, Kashkari, Trump, We've, Tesla, Elon Musk Organizations: Federal Reserve Bank of Minneapolis, The Beverly, Minneapolis Federal, Sunday, CBS, U.S, Wall Street Locations: Beverly Hills , California, U.S, Minneapolis, China

☆ Top Wall Street analysts like these dividend-paying stocks
▼ + stars: | 2024-11-10 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

To select the right dividend stocks, investors can consider the recommendations of top Wall Street analysts, who have a strong track record and provide useful insights based on a thorough analysis of a company's fundamentals. Here are three dividend-paying stocks, highlighted by Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. Scotto highlighted EPD's robust backlog of organic growth projects, with notable projects expected to come online next year and fuel the company's growth. International Business MachinesWe move to the next dividend stock, IBM (IBM). In Q3, IBM generated free cash flow of $2.1 billion and returned $1.5 billion to shareholders through dividends.

Persons: Donald Trump, Wall, EPD, Elvira Scotto, Scotto, TipRanks, Amit Daryanani, Daryanani, Arvind Krishna, ARCC, Kenneth Lee, ARCC's, Lee Organizations: Wall Street, Enterprise Products, Enterprise Products Partners, RBC Capital, Machines, IBM, Consulting, Software, IBM's Software, Hat, Ares, Ares Capital Locations: TipRanks

☆ The blue wall was Kamala Harris' clearest path to the White House. Here's why it faded away.
▼ + stars: | 2024-11-10 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

Harris would have secured the presidency if she had won Michigan, Pennsylvania, and Wisconsin. Related VideoHere's why Harris ultimately faltered in the trio of blue wall states. Related storiesTo secure the presidency, candidates must win at least 270 Electoral College votes, and Harris won 226 to Trump's 312. AdvertisementHarris spent considerable time campaigning throughout the blue wall states, but her 107-day candidacy was a sprint. In Wisconsin, Trump won 51% of union households, compared to Harris' 49%, according to Edison Research.

Persons: Harris, Donald Trump, —, Kamala Harris, Hillary Clinton, Joe Biden, Trump, Tim Walz, ANGELA WEISS, Harris didn't, Alex Brandon Harris, Biden, Dane County, Trump's, EVELYN HOCKSTEIN, wasn't Organizations: White, GOP, Service, Democratic, House, Office, Minnesota Gov, Getty, Electoral, Michigan, Trump, Pennsylvania, AP, Edison Research, Oakland County, Republicans, Arab, Detroit, Teamsters, International Association of Fire Fighters, Democrats Locations: Michigan, Pennsylvania, Wisconsin, West Allis , Wisconsin, The Milwaukee, Wisconsin , Michigan, Oakland County, Detroit, Montgomery County , Pennsylvania, Philadelphia, Dane, Madison, Waukesha County , Wisconsin, Milwaukee, Bucks County , Pennsylvania, Saginaw County , Michigan, Gaza, Dearborn —

☆ Supreme Court Justice Sonia Sotomayor to remain at post as some call for her to step down
▼ + stars: | 2024-11-10 | by ( John Fritze | ) edition.cnn.com time to read: +2 min

CNN —Supreme Court Justice Sonia Sotomayor has made clear she has no plans to step down, according to people close to her, despite calls from some on the left that President Joe Biden should try to name a successor before President-elect Donald Trump takes office. “She’s in great health, and the court needs her now more than ever,” said one person close to the justice. Some progressives have suggested Sotomayor, the most senior liberal on the conservative Supreme Court, should step down so that Biden could try to name a replacement in the short window before Trump takes office in January. Vermont Sen. Bernie Sanders said Sunday that he doesn’t think Sotomayor should step down from the court. In May, Sotomayor told an audience at Harvard University that she sometimes cries after the court hands down its decisions.

Persons: Sonia Sotomayor, Joe Biden, Donald Trump, “ She’s, ”, Sotomayor, Biden, Trump, Vermont Sen, Bernie Sanders, doesn’t, “, ” Sanders Organizations: CNN, Democrats, Press, Supreme, GOP, Harvard University, University of California, School of Law Locations: Vermont, Berkeley

Sanders added it is “problematic” if schedule F is being used to reinforce and maintain political loyalty. The spoils system was replaced by the current merit-based system where career employees serve multiple administrations, carrying out their jobs independent of politics. The Biden administration erected temporary roadblocks at the federal Office of Personnel Management – rules aimed at protecting federal workers from retaliatory mass firings. The District of Columbia itself has the largest individual chunk of federal workers in any state or territory, with more than 162,000. But it could also be devastating to employment in states that went to Trump, where roughly 967,000 federal workers live.

Persons: Donald Trump, Trump, ”, Ronald Sanders –, Trump’s, –, Sanders, Max Stier, “, ” Stier, didn’t, Karoline Leavitt, Biden, Will Lanzoni, Elon Musk, Mandy Gunasekara, Everett Kelley –, Joyce Howell, “ They’re, Marie Owens Powell, Sunlen Serfaty, Tierney Sneed Organizations: CNN, Trump, Energy Department, Environmental Protection Agency, Partnership for Public Service, Management, DC, of Columbia, Convention Center, Land Management, EPA, Unions, American Federation of Government Employees, AFGE, ”, American Civil Liberties Union, Democracy Locations: Maryland, Virginia, Beach, West Palm Beach , Florida, Washington, Colorado

☆ We asked Americans what they’d heard about Trump and Harris throughout the campaign. Here’s what they told us
▼ + stars: | 2024-11-10 | by ( Ariel Edwards-Levy | ) edition.cnn.com time to read: +6 min

Georgetown University, University of Michigan and s3mc.orgGeorgetown University, University of Michigan and s3mc.orgWhat also stands out in the charts over time is the lack of a sustained narrative about either candidate. On average, over the 20 weeks The Breakthrough survey was fielded this year, roughly 76% of US adults said weekly they’d heard at least some news about Trump. In the 15 full weeks of data following Harris’ entry into the race, a slightly smaller share – about 71% on average – said they’d heard something about her. Sentiments expressed by political independents when talking about the news surrounding Trump were negative throughout the campaign. Their sentiment when discussing what they’d heard about Harris, which was close to neutral at the start of her candidacy, declined modestly throughout the fall, undercutting her advantage over Trump on that metric.

Persons: Donald Trump, Kamala Harris, Trump’s, Joe Biden, Harris, ”, Harris –, SSRS, Trump, Gallup’s Frank Newport, “, …, Hillary Clinton, they’d, Biden, –, undercutting, Jennifer Agiesta, Edward Wu Organizations: CNN, Trump’s, Trump, Georgetown University, University of Michigan Locations: Puerto Rico

☆ Inside Mar-a-Lago, the chaotic Trump epicenter: patio pitches, transition meetings and rogue guests
▼ + stars: | 2024-11-10 | by ( Kristen Holmes | ) edition.cnn.com time to read: +4 min

And some Mar-a-Lago members have been offered money by those seeking to be taken to the club as a guest and rub elbows with Trump, three sources familiar with the situation told CNN. There are no restrictions on who members can bring as guests, and outsiders are trying to take advantage of that while it still holds. Advisers insist that Trump’s transition is much more orderly this time around, and by all accounts, the transition itself has steered clear of the chaos. Trump advisers have held formal meetings with the transition team and the president-elect during the day at the resort, presenting him with plans for policy and personnel. Mar-a-Lago, the stone-walled oceanfront estate that Trump labeled the “Winter White House,” has long been a source of headaches for national security and intelligence professionals.

Persons: CNN —, Donald Trump’s, Trump, “, ”, Susie Wiles, —, Melania Trump, Elon Musk, Robert F, Kennedy Jr, glitzy, CNN’s Kevin Liptak, Casey Tolan, Isabelle Chapman, Nelli Black Organizations: CNN, Mar, Trump, Service, Tech, Republican Locations: Palm Beach , Florida, Palm Beach, Lago

☆ Still-stunned Democrats begin to squint toward their future
▼ + stars: | 2024-11-10 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +14 min

CNN —Pick one word to describe Republicans and Donald Trump, the focus group moderator asked, and one word to describe Democrats and Kamala Harris. “Donald Trump is a uniquely more popular figure, but what is it about him that makes him that way? Former President Donald Trump gestures during a campaign rally in Waco, Texas, on March 25, 2023. But what Democrats face is much deeper than the usual finger-pointing by a losing campaign or speculation about the next set of presidential primary candidates. It goes beyond easy comments about talking more to the working class when Democrats lost ground among nearly every demographic in the presidential race.

Persons: Donald Trump, Kamala Harris, “, ”, hadn’t, Harris, Joe Biden, she’d “, what’s, Hillary Clinton, JB Pritzker, “ Donald Trump, Barack Obama, Obama, Leah Millis, Vermont Sen, Bernie Sanders, David Plouffe, Biden, Jen O’Malley Dillon, Stephanie Cutter, ’ ”, Pat Ryan, Marie Gluesenkamp Perez, Republican she’d, “ It’s, ” Gluesenkamp Perez, ” Harris, Hannah McKay, weren’t, Joe Rogan, Rogan, Trump, Sanders, – Pritzker, Tim Walz, Gavin Newsom, Hakeem Jeffries, Angie Craig, we’ve, Craig, She’s, ’ ” Craig, Gluesenkamp Perez, Joe Morelle, Josh Shapiro’s, Chris Deluzio, Democratic Sen, Bob Casey, ” Deluzio, David Goldman, Bill Clinton, Jimmy Carter, hasn’t, George W, Bush’s, Levi Strauss, Daniel Lurie, London Breed, Harris ’, Oprah Winfrey, Ryan Organizations: CNN, Trump, Democratic, Gov, Biden, Lone Star, Electoral, Reuters, New York Democrat, Republican, Howard University, Tuesday, Trumpism, California Gov, Minnesota, Twin, Democrats, New York Rep, Pennsylvania Gov, Pennsylvania, London, Democratic Party Locations: Pennsylvania, Illinois, Michigan, Lone Star State, Washington, ”, Texas, Waco , Texas, Vermont, Hudson Valley, “, Wilmington , Delaware, America, Minnesota, Twin Cities, Pittsburgh, Dearborn , Michigan, Grant Park, New York

☆ Palmer Luckey and other defense tech leaders see Trump's victory as a win for the industry
▼ + stars: | 2024-11-10 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Defense tech startups are anticipating growth under Trump's second term. AdvertisementSome leaders in the defense tech industry, including Anduril cofounder Palmer Luckey, think that defense tech startups are poised for success during president-elect Donald Trump's second term. Over the last decade, Silicon Valley has made waves in the defense tech industry. Some of the defense tech industry's optimism for Trump's victory lies in SpaceX founder Elon Musk's proximity to the president-elect and his vice president, JD Vance, Forbes reported. Luckey told Bloomberg that Musk has "outperformed every reasonable expectation."

Persons: Palmer Luckey's Anduril, Elon Musk's, Vance, —, Palmer Luckey, Donald Trump's, Luckey, Anduril, Biden, Elon, JD Vance, Forbes, Nathan Mintz, Musk, it's, Donald Trump, Brian Schimf Organizations: Defense, Trump, Service, Meta, Teledyne, Defense Department, Bloomberg, SpaceX, Elon, Forbes, Republican, United Locations: United States

☆ Trump's plan for Social Security will help baby boomers in the short term and cut benefits for anyone younger
▼ + stars: | 2024-11-10 | by ( Allie Kelly | ) www.businessinsider.com time to read: +6 min

The president-elect promised on the campaign trail to cut taxes on Social Security benefits in his second term. For some baby boomers, lower Social Security taxes could mean larger monthly checks in the short-term. But experts predict that the Social Security tax cuts, along with other campaign promises made by Trump, could quickly drain the national Social Security fund. More than 72 million Americans receive Social Security and the estimated average monthly check is $1,907 a month, per the Social Security Administration. Social Security tax cuts would hurt low-income retirees, younger generationsUS Social Security will be depleted in the next decade without Congressional action.

Persons: Trump, —, Donald Trump, Taylor Lee, Lee Organizations: Social Security, Service, Social, White, Fox, Belmont Capital Advisors, Trump's Social, Social Security Administration, Security, Federal Budget, Congressional, Congress, Republican, Trump Locations: Belmont

In his last term, Trump paused some work visa programs used by tech firms to hire skilled talent. This order left many tech workers stranded outside of the US in 2017. The H-1B visa program is the nation's largest temporary work visa program, with over 600,000 workers across 50,000 employers. Vice President-elect JD Vance has a venture capital background, and Musk is an immigrant himself who has said he was on an H1-B visa previously. Shin Yi Chong, who received her H1-B visa in 2019, was recently laid off from her tech job as a product manager.

Persons: Donald Trump's, Trump, —, Donald Trump, Michael Greeley, What's, Hiba Mona Anver, Anver, Jenny Fielding, Biden, Palo, Sophie Alcorn, Anna Rathbun, Aaron Levie, Elon Musk, Levie, Elon, Alcorn, JD Vance, Anna Moneymaker, Chris Farmer, Vance, Musk, Shin Yi Chong, Shubhangi Goel, Riddhi Kanetkar Organizations: Service, Flare Capital Partners, Trump, Ventures, Hire, Experts, Business Locations: Cleveland, It's

☆ The 2 things that will drive the stock market after last week's Trump-Fed rally
▼ + stars: | 2024-11-10 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Stock Chart Icon Stock chart icon Performance since Nov. 1 closeThe stock market reaction Wednesday to Republican Donald Trump's victory over Democrat Kamala Harris was swift and powerful, sending the Dow , the S&P 500 and the Nasdaq to all-time highs. For the week, consumer discretionary, energy, industrials, financials, and information technology were the top five sectors. Only time will tell how the balance of power will play out and whether it's good or bad for the stock market. Barring anything catastrophic, President Joe Biden and Vice President Harris will hand Trump the baton of a healthy economy with moderating inflation and a strong stock market. Stock Chart Icon Stock chart icon Disney YTDDisney reports before the bell Thursday, and its experiences business will be in focus as it has softened recently due to the recent hurricane activity that forced closures at Florida theme park locations and inflation-weary consumers.

Persons: Donald Trump, Jerome Powell, Drew Angerer, Republican Donald Trump's, Kamala Harris, Dow, Jim Cramer, Wells Fargo Morgan Stanley, Trump, Joe Biden, Harris, FactSet, Helene, Milton, we're, Disney's, Tyson, JD.com Organizations: Federal, White House, Republican, Dow, Nasdaq, Staples, Honeywell, White, Capitol, Republicans, NBC News, Trump, Depot, Disney, CPI, PPI, Home Depot, Summer, IAC, Hertz, Tyson Foods, TSN, AstraZeneca, Occidental Petroleum, Rocket Companies, Cisco, Parts Locations: Washington ,, financials, Washington, inflect, Florida, Paris

☆ S&P 500 futures are little changed following broad index's best week of the year: Live updates
▼ + stars: | 2024-11-10 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Traders work on the floor of the New York Stock Exchange during the morning trading on Nov. 7, 2024. Stock futures are near flat Sunday night as Wall Street looks to what's next after a post-election rally propelled the market to record highs. Futures tied to the Dow Jones Industrial Average added 19 points, trading slightly above breakeven. S&P 500 futures were also little changed, while Nasdaq 100 futures climbed 0.2%. Last week's rally was considered broad, with both the tech-heavy Nasdaq Composite and small cap-focused Russell 2000 also advancing.

Persons: what's, Russell, Donald Trump, Jerome Powell, Katie Nixon Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Dow, Traders, Trust, Ticketmaster

During Trump’s first term, for example, he was blocked by the Senate from using recess appointments to replace then-Attorney General Jeff Sessions. Florida Sen. Rick Scott on Sunday quickly posted on X endorsing Trump’s post : “100% agree. The question of recess appointments will now throw a major wrench in the Senate GOP’s leadership election when senators return to Washington this week. Recess appointments were once controversial, last-ditch efforts for presidents to install their nominees after facing long confirmation odds in the Senate. When senators left town, the Senate held a “pro forma” session to prevent any recess appointments.

Persons: Donald Trump, Trump, –, “, ”, ” Trump, —, Jeff Sessions, Florida Sen, Rick Scott, Elon Musk, Dakota Sen, John Thune, who’s, Schumer, ” Thune, Sen, John Cornyn of, Biden’s, George W, Bush, John Bolton, Harry Reid, Mitch McConnell, Barack Obama, CNN’s Ted Barrett, Sarah Ferris Organizations: CNN, GOP, Trump –, Republican, United States, Capitol Hill, Sunday, Florida Republican, Republicans, Democratic, United Nations, Democrat, Senate, Supreme Locations: Florida, ”, Dakota, John Cornyn of Texas, Washington, United

☆ Large group of Russian and North Korean forces prepared to retake Russia’s Kursk region from Ukraine
▼ + stars: | 2024-11-10 | by ( Alex Marquardt | ) edition.cnn.com time to read: +4 min

Ukrainian President Volodymyr Zelensky said Thursday that about 11,000 North Korean soldiers are in the region, where Ukraine’s three-month military incursion into Russian territory has stalled. The New York Times reported Sunday that some 50,000 Russia and North Korean troops are set to take part in the assault. Reports that North Korea was sending troops to Russia began appearing last month, though both countries dismissed the allegations at the time. Russia and North Korea, both pariahs in the West, have forged increasingly friendly ties since Moscow’s 2022 invasion of Ukraine. Ukraine invaded the Kursk region over the summer, shocking Russia, in the first invasion of the country since World War II.

Persons: Volodymyr Zelensky, hasn’t, Donald Trump, Trump, Ohio Sen, JD Vance, Vladimir Putin, ” Trump, Zelensky, Elon Musk, Biden, CNN’s Jack Forrest, Helen Regan, Svitlana Vlasova, Tara John, Victoria Butenko, Nic Robertson, Kristen Holmes, Natasha Bertrand, Haley Britzky, Oren Liebermann Organizations: CNN, Russia, Sunday, The New York Times, Ukraine, US, NATO, Republican, Pentagon Locations: Russia’s Kursk, Russia, North, Korea, North Korea, Ukraine, Kursk, Moscow, Budapest, Kyiv, “, Ukrainian

☆ January 6 rioters and judges digest the impact of Trump’s victory
▼ + stars: | 2024-11-10 | by ( Devan Cole | ) edition.cnn.com time to read: +5 min

Attorneys for some defendants also suggested Trump’s victory was unfair in light of the fact that rioters are still being prosecuted and sentenced. Talk of potential presidential pardons permeated at least one violent rioter’s sentencing Thursday, when Zachary Alam told a judge he had no remorse for his actions. I want a full pardon.”“Instead of pardons of innocence, some January 6ers should receive pardons of patriotism,” Alam added. US District Judge Dabney Friedrich, a Trump appointee, later said Alam was “delusional” to think that his actions on January 6 were patriotic. Alam was convicted on multiple felony and misdemeanor counts stemming from his participation in the Capitol attack.

Persons: Donald Trump, Trump, Jack Smith, Elizabeth Mullin, Jaimee Avery, Zachary Alam, ” Alam, Alam, ”, Dabney Friedrich, Ashli Babbitt, Friedrich, Nicholas Fuller, ” Michelle Peterson, Fuller, Peterson, “, ” Peterson, Colleen Kollar, Bill Clinton, “ Mr, Joe Biden, Christopher Cooper, Cooper, Obama Organizations: CNN, Capitol, Trump, Prosecutors, US, US Justice Department, DC Locations: Washington ,, Minnesota

☆ Three China stocks that analysts are watching for longer-term opportunities
▼ + stars: | 2024-11-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

For many, the reaction among investors only reinforced the need to look at longer-term opportunities in individual stocks that haven't changed. About half of Xpeng's 20,000-plus deliveries in each of the past two months have come from its lower-priced Mona M03 car. In the consumer sector, Macquarie's top pick is Yum China , which operates Pizza Hut and KFC in China. Yum China on Nov. 4 reported third-quarter earnings, showing operating profit grew by 15% year-on-year to $371 million. "You have to be very willing to suffer the negative sentiment to invest in China," Ren said.

Persons: Donald Trump, Shanghair, Liqian Ren, Ren doesn't, Ren, Anta, Fila, CNBC's Michael Bloom Organizations: Finance, U.S, CSI, Adidas, Fila, Baidu, Macquarie, KFC Locations: China, Hong Kong, WisdomTree, U.S

☆ Bitcoin hits $80,000. Why Trump is boosting crypto
▼ + stars: | 2024-11-10 | by ( David Goldman | ) edition.cnn.com time to read: +2 min

After briefly touching the $80,000 milestone, bitcoin was trading just below it Sunday mid-morning. The crypto industry believes Trump’s victory is a bullish sign for bitcoin and other digital currencies. Although Trump was once a bitcoin skeptic, once saying it “was based on thin air,” he has fully embraced crypto in recent months — unlike the Biden administration, which has sought to rein in crypto. A big reason Trump has changed his tune on crypto: He now has a financial stake in it. In September, Trump and his children started a new crypto business called World Liberty Financial.

Persons: CNN — Bitcoin, Donald Trump, Bitcoin, Trump, “, ” Trump, ”, Biden, Gary Gensler, ” Gensler’s, Sam Bankman, Gensler, Gensler’s, cryptocurrencies, Elon Musk Organizations: CNN, Biden, Liberty, . Securities, Exchange, ” Gensler’s SEC, SEC, Department of Justice, cryptocurrencies Locations: USA

☆ Trump offers Rep. Elise Stefanik role of UN ambassador, sources say
▼ + stars: | 2024-11-10 | by ( Kaitlan Collins | ) edition.cnn.com time to read: 1 min

CNN —President-elect Donald Trump has offered Republican Rep. Elise Stefanik the job as US ambassador to the United Nations, two sources familiar told CNN on Sunday. The New York congresswoman, the fourth-ranking House Republican, has been a strong ally of the president-elect and a major fundraiser for the GOP. CNN has reached out to Stefanik for comment. This story is breaking and will be updated.

Persons: Donald Trump, Elise Stefanik Organizations: CNN, Republican, United Nations, Sunday, The New, GOP Locations: The New York

☆ 'Animal spirits': 7 market strategists share how to ride the red wave as US stocks surge to new records
▼ + stars: | 2024-11-10 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Here are eight top places to invest, based on insights from seven market strategists. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A robust, multi-year bull market rally for US stocks reached another gear after the businessman-turned-politician won the presidential election. Traders are convinced that the bulk of Trump's economic policies, which include tax cuts and fewer government regulations, will create a business-friendly backdrop that drives stocks higher. AdvertisementThe world is awash with cash, making scarce assets like gold and bitcoin more valuable, and Thorne also noted that global economic growth is slowing.

Persons: Donald Trump's, —, Donald Trump, David Bahnsen, Kamala Harris, Jeff Schulze, John Maynard Keynes, Anthony Saglimbene, Keynes, Schulze, Saglimbene, Jim Baird, Plante, Sébastien, Rowe Price, Page, Sean Gallagher, Gallagher, Ameriprise, Bahnsen, Jim Thorne, who's, Thorne, Trump Organizations: Investors, Service, Business, Street Global Advisors, ClearBridge Investments, Trump, Financial, Tech, Federal Trade Commission Locations: Trump's, ClearBridge, Canada, Wellington, Altus

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