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☆ In leaked internal meeting, Amazon retail chief says sales of cheaper items are surging
▼ + stars: | 2024-11-07 | by ( Eugene Kim | ) www.businessinsider.com time to read: +5 min

Amazon's sales of cheap items are surging, driven by faster delivery speeds, executive says. Over 50% of those everyday essentials are now delivered on the same or next day, he added. "And these are especially the low-priced everyday essentials, the things that most households purchase every week." The goal has been to not only speed up deliveries, but also make it less expensive for the company to offer faster delivery. 'Real positive'During last month's analyst call, Jassy added that the growth of cheaper items is a "real positive" because it is predicated on faster delivery speeds.

Persons: —, Doug Herrington, Herrington, Amazon's, Andy Jassy, Jassy, Brian Olsavsky, Mark Mahaney, Mahaney Organizations: Service, Business, Reuters, Amazon, HH

☆ Trump unlikely to roll back CHIPS Act, says technology expert
▼ + stars: | 2024-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump unlikely to roll back CHIPS Act, says technology expertPaul Triolo, partner for China and technology policy lead at Albright Stonebridge Group, discusses what Trump 2.0 could mean for U.S. chip policy.

Persons: Paul Triolo Organizations: Trump, Albright, Group Locations: China

☆ Nvidia robotics executive tells BI how the company is predicting the future of robotics by building it
▼ + stars: | 2024-11-07 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

Lebaredian is vice president of omniverse and simulation technology at Nvidia, reporting directly to CEO Jensen Huang. "AI is essentially bridging this computing to physical world divide, and that essentially is robotics," Lebaredian told Business Insider. The Nvidia veteran is building a virtual world faithful to the real world so that robots can use it to practice tasks and learn. "The key here is that the simulation that we use has to match the real world as closely as possible so that what it learns inside that virtual world is transferable to the real world. If it learns inside a cartoon world with cartoon physics, it's not going to behave properly when it gets into the real world," he said.

Persons: Lebaredian, —, Joe Young, Stuart, Jensen Huang, NVLM, Sweta Patel, it's, ChatGPT, I've, Jensen, We're Organizations: Service, Nvidia, Graphics, Business

☆ From coffee beans to milk, this Singapore-based startup uses AI to determine ingredient quality
▼ + stars: | 2024-11-07 | by ( Shafi Musaddique | ) www.cnbc.com time to read: +3 min

Using its patented digital fingerprint technology, ProfilePrint can rapidly analyze the identity and quality of ingredients, helping agribusinesses save money and time. The problem, he explained, is a system of multiple rounds of physical food samples exchanged between buyer and sellers, replicated across "every part of the supply chain." Machine learning means the technology analyzes food samples at a molecular level and recognizes food quality within seconds. As well predicting the quality and flavor profiles, the company's ingredient quality platform can offer their client various options when it comes to balancing quality with price. Profile Print is not alone within the still embryonic pool of food quality and AI startups.

Persons: Alan Lai, Lai Organizations: CNBC Tech, Traders Locations: Singapore, California

☆ Economic upheaval and political opportunity – what Trump’s return could mean for China
▼ + stars: | 2024-11-07 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

“Trump’s return to power will certainly bring greater opportunities and greater risks for China,” said Shen Dingli, a foreign policy analyst in Shanghai. AFP/Getty ImagesChallenges and opportunitiesBut Trump’s “America First” agenda and transactional worldview may also play in Beijing’s favor, experts say. “Although Beijing is deeply concerned about the unpredictability of Trump’s China policy, it reminds itself that challenges also bring opportunities,” said Tong Zhao, senior fellow at the Carnegie Endowment for International Peace. “If the US and Russia ease relations, it could create greater daylight between Russia and China, effectively driving a wedge between them.” Liu said. “From everything he has said, it’s clear that Trump considers China, not Russia, as the main adversary.”

Persons: Donald Trump, “, ”, Shen Dingli, Xi Jinping, Trump, Xi, “ Trump, Liu Dongshu, Jim Watson, Larry Hu, Kamala Harris, Daniel Russel, Russel, Barack Obama, Tong Zhao, Joe Biden, Arleigh Burke, Halsey, Ismael Martinez, China’s, he’s, ” Zhao, Vladimir Putin, Liu, ” Liu Organizations: Hong Kong CNN, Foreign, Chinese Foreign Ministry, City University of Hong, Getty, Huawei, Investment, Macquarie, Republican, Asia Society Policy Institute, Shipping, Carnegie Endowment, International, NATO, Asian Nato, Trump, US Navy, U.S . Navy, AP, Russia Beijing, Communist Party, Industry, Wall Street Locations: Hong Kong, China, United States, Beijing, Shanghai, America, City University of Hong Kong, Lago, Florida, AFP, Asia, Lianyungang, China's Jiangsu, Europe, Western, Russia, Asian, Taiwan Strait, AP Taiwan, Taiwan, Washington, Ukraine

☆ Trump said he will divide Russia from China. It's a tough bromance to break.
▼ + stars: | 2024-11-07 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

President-elect Donald Trump claims he can split the alliance between Russia and China. "The one thing you never want to happen is you never want Russia and China uniting," Trump said. These are potentially all things that Trump could use to drive a wedge between Russia and China." The Trump effectAnother factor likely to draw Russia and China closer together is Trump himself. In East Asia, Trump has accused allies of freeloading off the US, a source of tension Beijing will likely seek to exploit.

Persons: Donald Trump, —, Tucker Carlson, Trump, Biden, Vladimir Putin of, Xi, China's, Putin, Stefan Wolff, Carlson, Wolff, Paul Cormarie, Jonathan Ward, Vladimir Putin, they'd, Robert Dover, Zhiqun Zhu, Cormarie Organizations: Service, Trump, University of Birmingham, Pentagon, Trade, Anadolu, Getty, Central, RAND Corporation, BI, Hudson Institute, Kremlin Press, Anadolu Agency, International Security, Hull University, NATO, Bucknell University Locations: Russia, China, Ukraine, Glendale , Arizona, Vladimir Putin of Russia, Moscow, Beijing, Taiwan, Russian, Bering, European, East Asia

Trump's first 100 days are likely to be a rollercoaster, especially given his affinity for headline-grabbing moves. These structured channels helped ensure open dialogue on issues like tariffs, technology restrictions, and financial stability. A potential role for Elon Musk as a geopolitical go-between China might look to alternative channels to manage relations with Trump's administration. National security and AI, autonomous vehicles National security considerations will also be front and center in Trump's early China policy, especially regarding technology restrictions. Expect tariffs, technology restrictions, and Trump's unique brand of diplomacy to push the relationship to its limits.

Persons: Donald Trump, Xi Jinping, Kevin Lemarque, Donald Trump's, Trump, Mao Ning, Trump's, Biden, Elon Musk, Tesla, he's, Robin Ren, Ying Yong, Wu Qing, hasn't, Steve Wynn, Musk, — Organizations: Reuters, White, U.S ., Foreign, Treasury, Commerce, Tesla Inc, Bloomberg, Getty, European Union, Trump Locations: Osaka, Japan, U.S, China, Beijing, Shanghai, Washington, Taiwan, European, South Korea, Trump's

☆ Investors accuse the ex-CEO of the company that helped take Trump Media public of stiffing them out of millions of shares
▼ + stars: | 2024-11-07 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +6 min

Investors accuse Florida businessman Patrick Orlando of diverting millions of Trump Media shares from them. Orlando was the CEO of the blank check firm that helped take Trump Media public. AdvertisementInvestors have accused the ex-CEO of the blank check firm that helped take the parent company of President-elect Donald Trump's social media site public of stiffing them out of million of shares. Orlando, his attorneys, and attorneys for ARC Global did not immediately respond to requests for comment from Business Insider on Thursday. "Specifically, as Managing Member of ARC, Orlando conveyed roughly 46% of ARC's membership interest to Franlu in a secret transaction for zero consideration in exchange."

Persons: Patrick Orlando, Orlando, —, Donald Trump's, Donald Trump, Kamala Harris Organizations: Trump Media, Service, Florida, ARC Global Investments, Trump Media & Technology Group, Acquisition Corporation, Orlando, ARC Global, Business, ARC, Belsize Ventures, Franlu, Securities, Exchange Commission, Trump Media & Technology Group Corp, SEC, Trump Locations: Florida, Orlando, Delaware's Chancery, Cayman Islands, Miami

☆ Why a breakout in this software stock may be just beginning, according to the charts
▼ + stars: | 2024-11-07 | by ( David Keller | ) www.cnbc.com time to read: +4 min

But after a strong October, TTWO appears to be setting up for a significant breakout that yields a healthy upside price target. After reaching a peak of around $170 in early February, the stock pulled back to just below its 200-day moving average. We can determine an initial upside target simply by measuring the price range of the basing pattern, in this case from $140 to $170. That 61.8% retracement sits right around $167, forming the upper end of the price range we outlined on the daily chart. So a breakout above $170, while an important signal on the daily chart based on the basing pattern, also represents a significant break above a major Fibonacci retracement level.

Persons: TTWO, Alan Shaw, David Keller Organizations: CMT, CNBC, NBC UNIVERSAL

☆ AppLovin, top tech stock of the year, soars another 45% on earnings beat
▼ + stars: | 2024-11-07 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

AppLovin shares soared 45% on Thursday after the online gaming and advertising company issued guidance that was well above estimates and reported better-than-expected earnings and revenue. For the fourth quarter, AppLovin sees revenue of $1.24 billion to $1.26 billion, representing growth of about 31% at the middle of the range. The company said software platform revenue in the quarter increased 66% to $835 million, driven by improvements in AXON's models. Net income in the quarter increased 300% to $434.4 million, or $1.25 a share, from $108.6 million, or 30 cents a share, a year earlier. "AppLovin continues to impress with outsized revenue growth and incredible EBITDA conversion," analysts at Wedbush wrote in a report on Thursday.

Persons: It's, AppLovin, Wedbush, Adam Foroughi, it's, Foroughi, CNBC's CJ Haddad, Unity Organizations: Revenue

☆ WNS CEO Keshav Murugesh shares how his clients are getting AI ready
▼ + stars: | 2024-11-07 | by ( ) www.cnbc.com time to read: +1 min

Artificial intelligence is the topic de jour for not just the tech industry, but business in general. Artificial intelligence has been around since the 1950s," said Keshav Murugesh, Group CEO of WNS , a global business process management company. "Three years from now, if you are investing significantly in generative AI, you might be disappointed, right? "But, three years from now if you are not investing in generative AI, you are going to be terrified. Watch more of Keshav Murugesh's conversation with Christine Tan in the video above.

Persons: Keshav Murugesh, Murugesh, Christine Tan Organizations: CNBC Locations: Asia, Bangkok, Thailand

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

☆ How atheist chaplains provide spiritual care for nonbelievers
▼ + stars: | 2024-11-07 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +12 min

In these conversations with patients who are wary of religion, Callahan slips in another detail: He’s an atheist himself. Callahan is one of a growing number of openly atheist chaplains working in institutions around the country. Though the term “atheist chaplain” might sound like an oxymoron, he doesn’t see a contradiction between his beliefs and the work of tending to the human spirit. Other atheist chaplains don’t shy away from religion at all, instead helping people explore faith and spirituality in nontraditional ways. There may be few atheist and nonreligious chaplains right now, but as Callahan sees it, their numbers only stand to grow.

Persons: Jason Callahan, Callahan, —, nonbeliever, ”, David, Muhammad Ali, Malcolm X, Tupac Shakur, “, ” Callahan, haven’t, Michael Skaggs, Greg Epstein, ” Epstein, Epstein, he’s, wouldn’t, don’t, Vanessa Gomez, Skaggs, agnostics, Gomez, Brake, “ There’s Organizations: CNN, Pew Research, Virginia Commonwealth University Massey Cancer Center, VCU, “ Chaplaincy, Christianity Chaplaincy, Harvard University, MIT, Harvard, Adobe Stock, Technology, University of Southern, Adobe Locations: Christianity, New York, Flushing , Queens, University of Southern California

☆ How Elon Musk stands to cash in on Trump's presidential victory
▼ + stars: | 2024-11-07 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +10 min

Jim Watson | Afp | Getty ImagesAs Donald Trump celebrated his presidential victory early Wednesday morning, Elon Musk was right there with him. Elon," Trump said onstage at his Mar-a-Lago resort, thanking the world's richest person for spending two weeks campaigning in Pennsylvania. Musk's investment in Trump is already paying off, even though Trump doesn't take office until Jan. 20. Musk was introduced by Cantor Fitzgerald CEO Howard Lutnick, who called the Tesla CEO the "greatest capitalist" in U.S. history. Having a role in a bespoke commission could give Musk power over federal agencies' budgets, staffing and the ability to push for the elimination of inconvenient regulations.

Persons: Elon Musk, Donald Trump, Jim Watson, Elon, Trump, Musk's SpaceX, Musk, surrogates, Tony, Cantor Fitzgerald, Howard Lutnick, Lutnick, Biden, Tesla, Sergio Flores, Geoff Orazem, Orazem, Vladimir Putin, Xi Jinping, Bill Nelson, Putin, Tenet, JD Vance Organizations: Republican, Afp, Getty, Trump, U.S, Tesla, SpaceX, Twitter, Department of Government, SEC, Environmental Protection Agency, Federal Aviation Administration, IRS, Microsoft, Meta, U.S . Army, National Security Agency, FedScout, NASA, U.S . Air Force, Space Force, Federal Emergency Management Agency, National Labor Relations Board, Street Journal, NBC News, Tenet Media, Department of Justice, Putin, Kremlin, PAC Locations: Butler , Pennsylvania, Lago, Pennsylvania, China, Hurricane, New, Puerto Rico, Meta, U.S, Taiwan, Russian, Ukraine

☆ Trump Media shares dive, giving up Election Day gain
▼ + stars: | 2024-11-07 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Shares of Trump Media & Technology Group , President-elect Donald Trump's media company, plunged in premarket trading Thursday, giving back the rally in the previous session triggered by his election victory. Trump Media, which is the operator of Truth Social, was viewed as a proxy for Trump's election odds in the past few months. The stock had shot up as much as 60% early Wednesday as Trump was projected to defeat Vice President Kamala Harris. The media company, majority owned by Trump, went public in March via a blank-check merger and now trades under ticker DJT — Trump's initials. Trump Media released a surprise earnings statement after the bell Tuesday that showed the company lost $19.2 million in the third quarter.

Persons: Donald Trump, Elon Musk, Donald Trump's, Trump, Kamala Harris Organizations: Republican, White House, Trump Media & Technology Group, Trump Media, Trump, Investors Locations: Mar, Palm Beach , Florida, U.S, United States

☆ The market is already indicating the early winners and losers from Trump's win
▼ + stars: | 2024-11-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A pillar of President-elect Donald Trump's campaign was the economy and the work he would do to "fix it." Tesla shareholders: The EV giant took off with news of Trump's win, finishing the day up almost 15%. Bond yields are already soaring, indicating the market expects the cost of borrowing to keep rising. Investors in Europe: European growth stands to take a hit from Trump's proposed tariffs, according to Goldman Sachs.

Persons: —, Donald Trump's, Elon Musk's, Trump, that's, Goldman Sachs, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Ella Hopkins, Grace Lett, Amanda Yen, Milan Sehmbi Organizations: Business, Service, White, Nasdaq, Dow Jones Industrial, GOP, Tesla, Trump, bitcoin, Treasury, Investors Locations: Europe, New York, London, Chicago

☆ The world’s 10 richest people got a record $64 billion richer from Trump’s reelection
▼ + stars: | 2024-11-07 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

The wealth of the world’s 10 richest people also soared by a record amount, according to Bloomberg’s Billionaire Index. The biggest gainer was Elon Musk, the world’s richest person and one of Trump’s most outspoken and dedicated supporters, whose wealth jumped $26.5 billion to $290 billion Wednesday, according to Bloomberg. Truth Social owner Trump Media & Technology Group, Trump’s social media company, also cashed in with shares skyrocketing in value after CNN and other media outlets projected Trump won. Trump is the dominant shareholder in the conservative social media company, which has scant revenue and is losing money. The president-elect’s 114.75 million shares were worth about $5.3 billion briefly based on those early gains, up from $3.9 billion when trading ended on Election Day.

Persons: Donald Trump, Elon Musk, Jeff Bezos, Kamala Harris, Larry Ellison, Trump, Bill Gates, Steve Ballmer, Larry Page, Sergey Brin, Warren Buffett, ”, Michael Block Organizations: New, New York CNN, Wednesday, Bloomberg, Amazon, Oracle, Microsoft, Berkshire Hathaway, Democratic, Social, Trump Media & Technology Group, CNN, Trump Locations: New York, Washington

The Pixel 9 Pro and Pixel 9 Pro XL are enhanced versions of the excellent Pixel 9. The new camera oval on the Pixel 9 Pro phones juts out more than the rear cameras of previous Pixel phones. The Pixel 9 Pro XL (left) has a 6.8-inch display, while the Pixel 9 Pro (right) has a 6.3-inch display. The Pixel 9 Pro XL, with a 6.8-inch display, is a no-brainer for anyone who prefers larger Google Pixel phones or larger Android phones. See our guides to the best Pixel 9 Pro XL cases and best Pixel 9 Pro cases for extra protection.

Persons: Google's, Antonio Villas, Rose, Hazel, it's, Villas, VRR, I'd, I'm, Max, ultrawide, you've, Gemini, It's, you'd Organizations: Business, Google, Pro XL, Amazon, Verizon, XL, Gemini, Boas, Apple, Samsung, Qualcomm, Samsung Galaxy, Galaxy

☆ The Gen Z Gospel of Wealth: Manifesting on TikTok
▼ + stars: | 2024-11-07 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +8 min

Sarah Perl, who goes by the TikTok handle @hothighpriestess, says she has a successful career and relationship because she manifested both. Many of her recent posts focus on manifesting love, and they're particularly aimed at young women who want romantic relationships with men. She's not just saying that to the universe; she's feeding the TikTok algorithm, which likely sends her content to other young women. "I view manifesting almost like the For You page: Where you put your attention is where your life will end up going." For Gen Z, the divide between the divine and the digital can be razor thin.

Persons: Sarah Perl, She's, journaling, Ariana Grande, Gen, Zers, Z, Gen Zers, Amy Wu, Wu, they're, Sydney Stanback, Stanback, Shanna Watkins, Watkins, affirmations, ChatGPT, Emily McDonald, TikTok, isn't Organizations: Dua, Survey Center, University of Queensland Locations: Los Angeles, Dua Lipa, Dallas, Australia

☆ Raygun, the Olympic breakdancer who became a laughing stock, says she is retiring because of the backlash
▼ + stars: | 2024-11-07 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

Gunn suffered ridicule and false rumors after her Paris Olympics performance. AdvertisementThe Olympic breakdancer Rachael "Raygun" Gunn is retiring from the sport after facing a barrage of online hate and misinformation. The 37-year-old Australian became a laughing stock this summer after her viral Paris Olympics performance, which included moves that were compared to a kangaroo hopping and the dancing of a child. Speaking at her concert in Munich in August, Adele said Gunn's performance was her "favorite thing that's happened in the Olympics." "Having that Olympic stamp for any sport changes the game of play," Born Barikor, the chair of the UK organisation Breaking GB, told Fortune.

Persons: Rachael, Raygun, Gunn, —, France's Syssy, Lithuania's Nicka, she'd, 2DayFM, it's, Samuel Free, AUSBreaking, Harry Langer, Adele, Jimmy Fallon, Fallon, I've, you've, Mark Kolbe, Joycelyn Wilson, Fortune, Gunn didn't Organizations: breakdancing, Olympics, Angeles, Service, Paris Olympics, Angeles Olympics, International Olympic, Getty, Georgia Institute of Technology, Breaking, Macquarie University, Nova, Business Locations: Sydney, Munich, Australian

☆ Payments giant Adyen reports 21% jump in third-quarter sales
▼ + stars: | 2024-11-07 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Adyen reported a big miss on first-half sales Thursday. Adyen reported a jump in sales in the third quarter as the Dutch payments firm gained wallet share and added new customers, diversifying its merchant mix. The company, whose technology allows businesses to accept payments online and in-store, reported third-quarter net revenue of 498.3 million euros ($535.5 million), up 21% year-on-year on a constant currency basis. Payments firms saw a boost from an increase in online shopping during the height of the Covid-19 pandemic. But in recent years, companies such as Adyen have faced pressure from lower consumer spending.

Persons: Adyen Organizations: North Locations: U.S, Canada, Europe, East, Africa, North America

☆ Lyft CEO David Risher on Q3 results: Customer obsession drives profitable growth
▼ + stars: | 2024-11-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLyft CEO David Risher on Q3 results: Customer obsession drives profitable growthLyft CEO David Risher joins 'Squawk Box' to discuss the company's quarterly earnings results, stronger-than-expected fourth-quarter outlook, pricing strategies, strength of the consumer, autonomous partnerships, and more.

Persons: David Risher

☆ Capitalize larger corporation’s food technology for consumer trends: TheBorn Korea’s CEO
▼ + stars: | 2024-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCapitalize larger corporation’s food technology for consumer trends: TheBorn Korea’s CEOPaik Jong Won, CEO of TheBorn Korea, says small-scale stores should build upon technology developed by larger corporations to narrow down consumer consumption patterns.

Persons: Jong Won Organizations: TheBorn Locations: TheBorn Korea

Leading the way was Trump Media and Technology Group (TMTG), the company that owns the Truth Social media platform. Shares of Tesla, the electric automaker owned by Elon Musk, also saw a sizable gain — up 12%. Finally, the price of bitcoin saw an increase of 6.5%, briefly touching an all-time-high of more than $75,000. Trump served as keynote speaker at this year's annual Bitcoin conference in Nashville. Trump has generally pledged to extend or enact major tax cuts while loosening regulations, something that the business community is set to embrace.

Persons: Donald Trump —, Trump, Elon Musk, Musk, Kamala Harris, Isaac Boltansky Organizations: Trump Media, Technology, Social, TMTG, Tesla, Elon, Democratic, Trump Locations: Nashville

☆ Why inflation could rise and interest rates remain elevated under a Trump presidency
▼ + stars: | 2024-11-06 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

(Higher interest rates tend to boost the value of a currency by attracting more capital from abroad as investors seek bigger returns.) “Investors are bracing for tariffs… which will push up the price of imported goods for American shoppers,” she wrote in a note Wednesday. The pain of Trump’s tariffs will be felt far beyond US borders. “We also believe that Trump could decide to implement even higher tariffs on economies that run large trade surpluses with the US,” BMI analysts wrote in a note Wednesday. “Donald Trump’s economic course will pose major problems for Germany and the European Union,” the institute said.

Persons: Donald Trump, Matthew Ryan, Susannah Streeter, Hargreaves, ”, Trump’s, Trump, ” Nomura, Philip Shaw, Ellie Henderson, Streeter, Anthony Kettle, “, Spencer Platt, “ Donald Trump’s Organizations: London CNN, Republican, Senate, CNN, Federal Reserve, Trump, “, RBC Global Asset Management, BMI, Fitch Solutions, Port, Getty, European Union, Ifo Institute for Economic Research Locations: United States, Mexico, China, Germany, Canada, Japan, South Korea, Newark, New Jersey, Munich

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