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☆ European markets expected to open in mixed territory after Fed, Bank of England cut interest rates
▼ + stars: | 2024-11-08 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Skyscrapers on the skyline in the financial district of Frankfurt, Germany, on Monday, Nov. 4, 2024. European markets were expected to open in mixed territory on Friday, as investors awaited corporate results and reacted to quarter-point interest rate cuts from the U.S. Federal Reserve and Bank of England. It comes as market participants continue to take in political upheaval in Germany and Donald Trump's historic presidential election victory this week. Elsewhere, Asia-Pacific markets were mixed on Friday, with investors closely monitoring the final day of China's National People's Congress, which is expected to announce fiscal stimulus measures. On Wall Street, U.S. stock futures gained marginally after the S&P 500 and Nasdaq Composite notched fresh records in a post-election rally.

Persons: Germany's DAX, Donald Trump's, Chancellor Olaf Scholz, Christian Linder, Scholz Organizations: U.S . Federal Reserve, Bank of England, France's CAC, IG, People's Congress, Nasdaq Locations: Frankfurt, Germany, Asia, Pacific, U.S

☆ I recruit for VC firms. Here's what they're looking for in candidates — and how to stand out in interviews.
▼ + stars: | 2024-11-08 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

Emma Halls, a Stem7 Executive Search recruiter, shares what VC firms are looking for in candidates. We work with VC firms in London, Palo Alto, Paris, Berlin, Stockholm, Munich, and New York. But they're also looking for candidates whose CVs show they're actually passionate about the whole VC ecosystem. This shows VC firms that the candidates were always doing things that created some kind of disruption. VC firms want to know if applicants have been able to network themselves into some kind of startup role or internship.

Persons: Emma Halls, —, they're, They'd, we've, it's Organizations: Service, Business Locations: London, Palo Alto, Paris, Berlin, Stockholm, Munich, New York

☆ Top trader Vitol eyeing metals market as global oil demand set to peak in 10 years, CEO signals
▼ + stars: | 2024-11-08 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

SINGAPORE — Vitol is eyeing the metals market with global petroleum demand expected to peak in a decade, signaled Russell Hardy, CEO of Vitol, the world's largest independent energy trader. In contrast to the eventual decline of the crude industry, metals business is going to witness a "great deal of growth through the electrification phase," he added. "So we quite like the idea of being involved in the bigger metal markets. And the three bigger metal markets are steel and iron ore, copper and aluminum," he said. In August, Vitol announced its acquisition of Noble Resources, a Hong Kong-based trader specializing in oil, coal and metallurgical coke, which is used to make iron.

Persons: Russell Hardy, Hardy, Vitol Organizations: Vitol, Financial Times Commodities, Noble Resources, Reuters Locations: SINGAPORE, Singapore, Hong Kong, Mercuria

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Home Depot, Domino's, Wingstop, Warby Parker, Rivian, Bank of America & more
▼ + stars: | 2024-11-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Jefferies reiterates Nvidia and Marvell as buy The firm says the two chipmakers still have the most upside. Citi upgrades Bank of America to buy from neutral Citi says the bank could be a beneficiary of lighter regulation. Bank of America downgrades Rivian to neutral from buy Bank of America said it sees regulatory risk under a Trump administration. Bank of America upgrades Teledyne Technologies to buy from neutral The firm says it sees upside ahead for the industrial conglomerate. Goldman Sachs upgrades Wingstop to buy from neutral The firm says the wings restaurant has "best-in-class" growth.

Persons: William Blair, Warby Parker, Bernstein, Apple, Lowe's, Jefferies, Goldman Sachs, Sweetgreen, Goldman, outperformance, it's bullish, BNTX, Oppenheimer, Piper Sandler, Wells, Airbnb, Gross, Trump, TDY Organizations: Apple, Apple Intelligence, Nvidia, Marvell, Enterprise, JPMorgan, China EV, Catalyst, Holdings, Barclays downgrades, Body, Citi, U.S, Deutsche Bank, UBS, Molson Coors, OW, Bank of America, Trump Administration, " Bank of America, Teledyne Technologies Locations: AVGO, 4Q24, DPZ, UW

☆ Stocks making the biggest moves premarket: Pinterest, Monster Beverage, Bath & Body Works, Trump Media & more
▼ + stars: | 2024-11-08 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Trump Media & Technology Group — Shares of President-elect Donald Trump's media company fell another 4.6% in premarket trading following a 23% plunge in the previous session. The company saw $162 million in revenue, topping the consensus expectation for $150 million. Analysts polled by FactSet penciled in 43 cents in earnings per share and $1.91 billion in revenue. Affirm lost an adjusted 31 cents per share, narrower than the consensus forecast of 35 cents, according to LSEG. Bath & Body Works — The fragrance retailer slid 2.7% in the wake of a Barclays downgrade to underweight from equal weight.

Persons: Donald Trump's, platform's, DraftKings, Sweetgreen, LSEG, Toast, StreetAccount penciling, Versace, Michael Kors, FactSet, BioNTech, Goldman Sachs, Goldman, — CNBC's Sean Conlon, Yun Li, Pia Singh, Samantha Subin Organizations: Trump Media & Technology, LSEG, Arista Networks, Arista, Capri Holdings, Capri, Beverage, Revenue, Barclays Locations: LSEG, BioNTech —

☆ How the Fed's rate cut and this week's election made for record-breaking market rallies
▼ + stars: | 2024-11-07 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Market moves: The stock market tacked on some additional gains after the Federal Reserve on Thursday afternoon cut interest rates by 25 basis points. Bond yields, which move inversely to bond prices, have been on the rise since the Fed cut rates in September. Stick to discipline: The stock market especially liked the idea of a pro-business environment and de-regulation expected in the future Trump administration. It's not surprising to see Wells Fargo down 3% after the Club stock surged more than 13% on Wednesday. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Thursday's, Jerome Powell, hasn't, Bond, Donald Trump, Trump, industrials, It's, Wells, Mogan Stanley, Morgan Stanley, Bloomin, Jim Cramer's, Jim Organizations: CNBC, Federal Reserve, Fed, Treasury, Bond, NBC News, Club, DraftKings, Arista Networks, Azon Enterprise, Trade, Baxter International, NRG Energy, Jim Cramer's Charitable Locations: Wells Fargo, Wells

Trump defeated Democratic candidate Vice President Kamala Harris, and Republicans claimed a majority of the Senate in elections this week. "We know kind of where the world is headed in a Trump environment because we've seen it before," said Jeffrey Solomon, president of TD Cowen, on CNBC's "Money Movers" Wednesday. One M&A advisor, who also spoke to CNBC anonymously, noted that Trump's disdain for Big Tech companies — historically active deal-makers — might keep them on the sidelines. Apparent GOP opposition to the CHIPS Act means that semiconductor consolidation might be challenging, the advisor noted, while cautioning it is still too early to know what a Trump presidency would mean. That advisor noted that smaller banks had been getting gobbled up for "some time," but that the pace and size of those acquisitions would likely ramp up under a Trump presidency.

Persons: Donald Trum, Ronda Churchill, Donald Trump, Kamala Harris, Jeffrey Solomon, TD Cowen, Solomon, Trump, Lina Khan, Khan, Howard Gutman, Jonathan Miller, —, Jared Holz, Mizuho, Sen, Elizabeth Warren, David Zaslav, David Grogan Organizations: Republican, Nevada GOP, Afp, Getty, Trump, Democratic, Republicans, Biden administration's Department of Justice, Federal Trade Commission, CNBC, Dow Jones, MorganFranklin Consulting, Big Tech, Qualcomm, Intel, Integrated Media, Pharmaceutical, Biotech, Illumina, FTC, Maze Therapeutics, Sanofi, Senate, DOJ, Allen & Company Sun Valley Conference Locations: Florida, Nevada, Las Vegas , Nevada, Ronda, Trump, Sun Valley , Idaho

☆ What Trump's win could mean for student loan forgiveness
▼ + stars: | 2024-11-07 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

St. Louis-based U.S. District Judge Matthew Schelp, a Trump appointee, issued the latest preliminary injunction against Biden's revised student loan forgiveness plan. Student loan forgiveness likely to dry up under TrumpU.S. President Joe Biden speaks as he announces a new plan for federal student loan relief during a visit to Madison Area Technical College Truax Campus, in Madison, Wisconsin, U.S, April 8, 2024. Kevin Lamarque | ReutersBiden has forgiven more federal student debt than any other president. It has done so mostly by improving existing student loan relief programs that had long been plagued by problems. "The Biden administration has been making periodic announcements about loan forgiveness," Kantrowitz said.

Persons: Donald Trump, Trump's, Trump, Mark Kantrowitz, Joe Biden's, Biden, Matthew Schelp, Biden's, Kantrowitz, Joe Biden, Kevin Lamarque, Reuters Biden, George W, Bush, Mike Pierce, Mario Tama Organizations: U.S . Department, Trump, Biden, District, Center for American, Congressional Research Service, Trump U.S, Madison Area Technical, Truax, Reuters, Education Department, Public, Senate, Protection Center, University of Southern, USC, Getty Locations: Racine , Wisconsin, Louis, U.S, Madison , Wisconsin, University of Southern California, Los Angeles , California

☆ Nissan plans 9,000 job cuts, slashes annual profit outlook
▼ + stars: | 2024-11-07 | by ( ) www.cnbc.com time to read: +2 min

A Nissan badge is attached to the grill of a 2013 Nissan Pathfinder on December 3, 2012 in Niles, Illinois. Nissan Motor Co is recalling more than 300,000 SUVs in the United States over an issue in which the hood suddenly opens, obstructing the driver's view and increasing the risk of a crash. Nissan Motor said it would slash 9,000 jobs and cut global production capacity by a fifth, while revising its annual profit outlook sharply lower as it battles headwinds in China and the United States. Japan's third-largest automaker cut its annual operating profit forecast by 70% to 150 billion yen ($975 million), marking its second downward revision after a 17% cut earlier this year. Together, the two markets account for nearly half of Nissan's global sales by volume.

Persons: Makoto Uchida, Uchida Organizations: Nissan, Nissan Pathfinder, Honda Locations: Niles , Illinois, United States, China, U.S, Japan's

☆ The Federal Reserve gives Americans another interest-rate cut
▼ + stars: | 2024-11-07 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The Federal Reserve cut interest rates by 25 basis points on Thursday. AdvertisementAnother interest-rate cut is headed Americans' way. On Thursday, the Federal Open Market Committee announced a 25-basis-point interest-rate cut after a 50-basis-point cut in September. AdvertisementGiven the lag in monetary policy, the interest-rate cuts won't give Americans immediate relief on their credit cards, housing, or car loans. Still, some Democratic lawmakers urged the Fed to implement another 50-basis-point cut to give Americans more financial relief.

Persons: —, Donald Trump, Trump, Matthew Ryan, Jerome Powell, Milton, Helene —, Elizabeth Warren, John Hickenlooper, Powell Organizations: Reserve, Service, Federal, Market, Trump, Boeing, Fed Locations: Sens

But the balance of the evidence from the NBC News Exit Poll suggests that Trump owes his victory to more common, less polarizing factors that drive many elections year in and year out. That included a striking shift of Latino voters into the GOP column compared with 2020 — they backed Trump by 13 points more. Women broke for Harris, 54%-44%, while men favored Trump, 54%-44% — a gap in support amounting to 22 percentage points. But in 2020, Trump performed even worse among women, losing them to Biden 57%-42%. A final factor favoring Trump: his appeal among Americans who are less attached to politics and elections:

Persons: Donald Trump, Kamala Harris, Trump, Barack Obama, Joe Biden, —, Trump’s, ” Trump, Dobbs, coy, Harris, George W, Bush Organizations: NBC, Democratic, Voters, Trump, Biden Locations: United States

☆ Jim Cramer says the market for mergers and acquisitions will be back under Trump
▼ + stars: | 2024-11-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Wednesday told investors the Trump administration is more likely to allow mergers and acquisitions to go through, processes largely stymied under Biden. "I am very confident in the idea that, under President Trump, M&A's about to come back and come back bigly," he said. Beyond M&A, Cramer said the President-elect is likely to relax antitrust regulations, whereas Biden appointees have scrutinized Big Tech outfits like Apple . But while Cramer suggested these companies are likely safer from regulatory interference under Trump, he said some of that depends on Trump's own attitude towards them. "So, it's not a surprise to see most of America's big name tech CEOs come out today with enthusiastic, public messages of congratulations for President-elect Trump," he said.

Persons: CNBC's Jim Cramer, Trump, Biden, Cramer Organizations: Wednesday, M, Trump, Time Warner, CNN

☆ Elon Musk bet big on Trump. Here’s what he stands to gain — and lose — from his win
▼ + stars: | 2024-11-06 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

New York CNN —No single business leader did more to support former President Donald Trump’s candidacy than Elon Musk. Musk has donated nearly $119 million so far to a political action committee he set up to support Trump, according to Federal Election Commission filings. Elon Musk steps onto stage as Republican presidential nominee, former President Donald Trump addresses a campaign rally in Butler, Pennsylvania on October 5. It will only help Tesla,” Musk posted on X in July. It’s not likely Trump would want to cut that support, and the promise of jobs in those states, even if they will eventually provide competition for Musk and Tesla.

Persons: Donald Trump’s, Elon, Trump, Musk, He’s, ”, Daniel Ives, Tesla, Kamala Harris, “, Biden, Elon Musk, Donald Trump, Anna Moneymaker, he’s, ” Musk, Ives, ” Ives, It’s, Jim Farley, Jeff Schuster, we’re, Jade Gao Organizations: New, New York CNN, Trump, Wedbush Securities, SpaceX, —, Treasury Department, Republican, EV, Tesla, EPA, Industry, Getty, Boeing, NASA, International Space Locations: New York, Tuesday’s, America, United States, Butler , Pennsylvania, Trump’s, Europe, Asia, California, China, Shanghai, Beijing, AFP, Tesla

Younger votes tilted red, Latino voters increasingly backed Trump, and spending hit record highs. Democrats' lead with young voters fell by 11 pointsAmerica's younger voters shifted to the right in 2024, exit poll data released by the major news networks indicated. The exit poll found that Latino men drove Trump's gain, as they voted for him over Harris by 10 points. Related storiesAbout two-thirds of voters felt the economy was either "not good" or "poor," exit poll data showed. Advertisement45% said their financial situation is worse than at the last election, compared to 20% of 2020 voters who felt they were worse off than in 2016.

Persons: Donald Trump, Kamala Harris, Trump, —, we've, Joe Biden, Harris, Gen X, Biden, Biden — Organizations: Service, Democratic, Trump, Latina, Biden, Georgia, Cities, The New York Times, Financial Times Locations: Rural, Wisconsin , Michigan, Pennsylvania, Nevada, Arizona, North Carolina, Trump

☆ The NLRB filed a complaint against Apple. The former engineer who cofounded #AppleToo explains why it's important.
▼ + stars: | 2024-11-06 | by ( Helen Li | ) www.businessinsider.com time to read: +9 min

The NLRB filed a complaint against Apple, alleging labor law violations and retaliation. AdvertisementA culture of silenceScarlett's case is among other ongoing unfair labor practice complaints by former Apple employees. The future of labor organizing in Silicon ValleyThe NLRB has received an uptick in unfair labor practice filings from tech workers. "When we talk about labor law, we're really talking about unions and hourly labor, like retail, front line, and service workers," Scarlett said. Movements like #AppleToo reflect a greater push from tech workers, who expect more employer transparency.

Persons: Cher Scarlett, Scarlett, —, I'm, Bernie Sanders, Howard Schultz, Apple, Slack, – they're, Evan Starr, we're, Matthew Bodie, They're Organizations: NLRB, Apple, Service, Labor Relations, National Labor Relations, SEC, University of Maryland, Employees, Microsoft, Google, The New York Times, University of Minnesota Law School, Activision Blizzard, Mozilla Locations: Oakland, California, Silicon Valley, USA

☆ Stock futures are little changed after major post-election rally as focus shifts to Fed: Live updates
▼ + stars: | 2024-11-06 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

US election news on a screen on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Nov. 6, 2024. Stock futures are near flat Wednesday night after a huge market rally following Donald Trump's decisive victory in the presidential election. Futures tied to the Dow Jones Industrial Average added 25 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures both traded marginally above flat. The Dow, S&P 500 and Nasdaq Composite all notched new all-time highs in the session, while the small cap-focused Russell 2000 jumped more than 5%.

Persons: Donald Trump's, Dow, Russell, Scott Helfstein, Jerome Powell's Organizations: New York Stock Exchange, Stock, Traders, Dow Jones, Nasdaq, U.S ., Global, CME Group's, Moderna, Warner Bros Locations: New York

☆ Apple deftly navigated Trump's first term. The second one brings new challenges
▼ + stars: | 2024-11-06 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

The news Trump's decisive victory over Vice President Kamala Harris in the 2024 presidential election comes with varying implications for Apple investors. Apple got exceptions in Trump's first term that muted the impact of tariffs on Apple. Bottom line Apple deftly navigated a first Trump term, but it's way too early to say with certainty what Trump's second term in office will mean for the California tech giant. As for tariffs, Apple has wisely expanded its manufacturing capabilities outside of China in markets like India, and it should continue to do so. In Trump's second term, "Apple is going to need what I call special pleading," Jim Cramer said during the Morning Meeting.

Persons: Donald Trump, Kamala Harris, Trump, Apple —, Apple, Bernstein, Tim Cook, Cook, I've, Hillary Clinton, Rosenblatt, it's, Jim Cramer, they're, Jim, Jim Cramer's, Saul Loeb Organizations: Apple, Big Tech, Bank of America, Justice Department, Management, Nvidia, Microsoft, Club, Trump, Democratic, Rosenblatt, Samsung, DOJ, CNBC, American Workforce Policy, White, AFP, Getty Locations: China, U.S, India, California, Washington , DC

☆ NATO chief warns that the alliance can't afford to not back Ukraine as Trump snatches a White House win
▼ + stars: | 2024-11-06 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Donald Trump won the presidential election Wednesday, clearing the way for his return to the White House. His past rhetoric has raised concerns over the future of US security assistance to Ukraine and support for NATO. But in a new op-ed, the NATO chief said the military alliance can't afford to stop supporting Kyiv. It did not mention Trump, nor did it single out the US over its military support. AdvertisementIn a social media post earlier in the day, Rutte said he congratulated Trump on winning the election.

Persons: Donald Trump, —, Donald Trump's, Mark Rutte, Rutte, Joe, Carolyn Kaster, Putin, Rutte's, Trump, Biden, Volodymyr Zelenskyy, Julia Demaree Nikhinson, logjam, Laurynas Organizations: NATO, Service, Russia, Dutch, POLITICO, AP, Ukraine, Trump, Transatlantic, Kyiv's, Alliance Locations: Ukraine, Kyiv, Washington, China, Iran, North Korea, Russia, Donetsk, Europe, New York

☆ Here's what President-elect Trump's tariff plan may mean for your wallet
▼ + stars: | 2024-11-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Trump's plan would reduce average after-tax incomes by almost 3%, according to the tax think tank. "If we get tariffs, we will pass those tariff costs back to the consumer," Daniele said in September. A back-of-the-envelope calculation suggests a 10% across-the-board tariff would be roughly equivalent to a $320 billion tax on consumers, Cross said. "The administration could take tariff revenue and redistribute to households via tax cuts in some form or another," explained Pugliese of Wells Fargo. However, the typical U.S. household would still lose $2,600 a year from Trump's tariff plan, even after accounting for an extension of the 2017 tax cuts, according to an analysis by the Peterson Institute for International Economics.

Persons: Donald Trump, Scott Olson, Biden, Trump, There's, Mark Zandi, didn't, Mike Pugliese, Moody's, Philip Daniele, Daniele, Olivia Cross, Cross Organizations: Getty, NBC, Trump, CNBC, Tax, National Retail Federation, Wells, Wells Fargo Economics, U.S, AutoZone, Capital Economics, U.S ., Peterson Institute for International Economics Locations: Grand Rapids , Michigan, Mexico, Wells Fargo, U.S, North America

☆ Jim Cramer issues a word of caution to euphoric post-election stock investors about bonds
▼ + stars: | 2024-11-06 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Club stock Nvidia rose about 3% Wednesday to an all-time high above $144 per share. Trump will want to champion Nvidia, Jim said, stressing it's an American success story and it makes too much money. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Donald Trump, Dow, Morgan Stanley, We're, Trump, Jim, Trump's, Jim Cramer's Organizations: CNBC, Club, Wells, BlackRock, Nvidia, Taiwan Semiconductor Manufacturing Company, Trump, Jim Cramer's Charitable Locations: —, BlackRock, financials, China

☆ I was a teen dad on food stamps. Now that I'm a multimillionaire, teaching my kids to appreciate money is really difficult.
▼ + stars: | 2024-11-06 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

I didn't want to be bouncing checks and living paycheck to paycheck, but I didn't know a way out. AdvertisementNow, I'm a millionaire, and I have to take money into consideration when parenting my kids. I buy my kids cars but save the flashy vehicles for meI want all my kids to earn the things they have. I told him that I love him, but there's no way I'm spending $22,000 on a baseball game. Admittedly, we have a long driveway, but there's no way I'm buying him a golf cart.

Persons: John Wetmore, He's, —, didn't, I'd, I'm, I've, they've, Mercedes Organizations: Force, Service, Little, Ohio State University, GMC

☆ This bank stock is losing momentum. How to profit from a pullback using options
▼ + stars: | 2024-11-05 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

A recent mean reversion trade I shared on Alibaba demonstrated this well when I pointed out that Chinese stocks were due for a pullback. Today, I'm looking at a potential mean reversion trade on JPMorgan (JPM) . I cover many of these setups in my book Mean Reversion Trading . For instance, with JPM trading around $220, I'd set up the trade by purchasing a 225 strike put and simultaneously selling a 220 strike put. -Nishant Pant Founder: https://tradingextremes.com Author: Mean Reversion Trading Youtube, Twitter: @TheMeanTrader DISCLOSURES: (Nishant currently holds a JPM 225-220 put spread expiring on 11/22.)

Persons: Morgan Stanley, Alibaba, I've, I'm, I'd, Nishant Pant Organizations: JPMorgan Chase, JPMorgan, CNBC, NBC UNIVERSAL Locations: Wells Fargo, BlackRock

☆ Bernard Marcus, cofounder of The Home Depot and billionaire Republican megadonor, has died
▼ + stars: | 2024-11-05 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Bernard “Bernie” Marcus, the billionaire Home Depot cofounder and a Republican megadonor, who in recent years became an outspoken supporter of former President Donald Trump, has died, the company announced Tuesday. “The entire Home Depot family is deeply saddened by the death of our cofounder Bernie Marcus,” The Home Depot said in a statement. The Home Depot got its start in Atlanta, a city where Marcus was a well-known philanthropist with his wife Billi. Some Trump opponents attempted to launch a boycott of The Home Depot in 2016 and in 2019 because of Marcus’ support of the Republican nominee for president. I don’t want to work — I’m too lazy, I’m too fat, I’m too stupid.’”“We used to have free speech here.

Persons: New York CNN — Bernard “ Bernie ” Marcus, Republican megadonor, Donald Trump, Bernie Marcus, ”, “, Bernie, ” Marcus, Arthur Blank, Marcus, Blank, Handy, Billi, “ He’s, John McCain, Ron DeSantis, Marcus ’, — Organizations: New, New York CNN, Republican, Rutgers University, Depot, Marcus Autism, Emory University, Georgia Aquarium, Trump, Fox News, Fox Business, The, Financial Times Locations: New York, Newark , New Jersey, California, Atlanta, Georgia, Florida, America

☆ The financial ties between China and Saudi Arabia keep getting deeper
▼ + stars: | 2024-11-05 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

China has chosen Saudi Arabia as the site for its next offering of US dollar bonds. Saudi Arabia is leaning on Chinese investment to bankroll large development projects. Saudi Arabia has embraced Chinese investment to help bankroll its juggernaut modernization plans. At the end of October, Saudi Arabia debuted two new exchange traded funds to track markets in Hong Kong and China. Earlier this year, the US offered Saudi Arabia tech and security deals on the condition that Riyadh rejects its new tech alliance with China.

Persons: It's, — Organizations: Service, Ministry, Finance, Saudi Public Investment Fund, Financial Times, Tech, US Locations: China, Saudi Arabia, Riyadh, Beijing, Russia, Neom, Hong Kong, Saudi

☆ U.S. dollar is little changed Tuesday night as presidential election winds down
▼ + stars: | 2024-11-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

The U.S. dollar was little changed against other global currencies on Tuesday evening as voting began to wind down in the presidential election. The foreign exchange market could be one of the first areas of the financial system to react as election results roll in. Traders generally expect that a strong night for former President Donald Trump and Republicans in Congress could push the greenback higher. The dollar has generally strengthened in the runup to Election Day. The ICE U.S. Dollar Index rose more than 3% in October, though it has dipped in recent days.

Persons: David Zervos, Donald Trump, Paul Christopher Organizations: U.S, greenback, U.S ., Jefferies, Traders, Republicans, Wells, Investment Institute, ICE Locations: Mexican, U.S

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