DIRS.INFO The most relevant business & tech news

☆ The Trump inflation shock could be worse than the last inflation crisis, Larry Summers warns
▼ + stars: | 2024-11-13 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —Larry Summers has some unsolicited advice for President-elect Donald Trump: Don’t keep your campaign promises — unless you want to send prices skyrocketing once again. “If he carries through on what he said during his campaign, there will be an inflation shock significantly greater than the one the country suffered in 2021,” Summers told Kate Bolduan on CNN News Central on Wednesday. “I hope that he will get the message from this election and adjust his programs so that it’s not inflationary,” Summers told CNN. “In his first term, President Trump instituted tariffs against China that created jobs, spurred investment, and resulted in no inflation,” Karoline Leavitt, a Trump transition spokesperson, said in a statement. They just didn’t want the consequences that came with it in terms of increased inflation,” Summers said.

Persons: Larry Summers, Donald Trump, Summers, Clinton, ” Summers, Kate Bolduan, That’s, Trump, Obama, “, ” Karoline Leavitt, ” Scott Bessent, ” Bessent, Axios, Trump “, Kamala Harris, Biden, I’ve, ” Organizations: New, New York CNN, Treasury, Federal Reserve, CNN News Central, CNN, Trump, Wall Street Journal Locations: New York, China, Ukraine

☆ Morgan Stanley fund manager picks 3 stocks to buy following Trump's win
▼ + stars: | 2024-11-13 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Aaron Dunn, portfolio manager at Morgan Stanley's U.S. Value Fund , noted the "great deal of volatility" in markets following the election result, as markets reprice "what had been a 50/50 election." Speaking to CNBC's "Squawk Box Asia" on Tuesday, Dunn, who's also co-head of value equity at Morgan Stanley, identified three stocks he is betting on following the election result. It's a diversified play in this, [that] you're getting it for just above the market multiple, with a solid runway of growth," Dunn added. According to FactSet data, of 30 analysts covering the stock, 26 give it a buy or overweight rating. He added that the company should increase its long-term growth rate guidance, given the growth in AI data centers.

Persons: Donald Trump's, Aaron Dunn, Dunn, who's, Morgan Stanley, you've, —, Trump, They're Organizations: Morgan, Value, Biden Administration, Trump, U.S ., MAA, NextEra Energy Locations: Morgan Stanley's, U.S

☆ An under-the-radar Trump trade that will benefit from pro-crypto stance and deregulation
▼ + stars: | 2024-11-13 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

"But SQ has also come under regulators' scrutiny (FinCen, CFPB) recently around its Cash App and Afterpay businesses. The president-elect has taken a pro-crypto stance during his time on the campaign trail , pledging to ensure that the federal government does not sell off its bitcoin holdings. A more favorable regulatory environment could also spell gains for Visa , which has rallied around 19% this year, according to Bernstein. "While it is unlikely that the DOJ pulls the case, it's possible that President-elect Trump names a more pro-business Head, who might be more amenable to a weaker settlement with Visa." That stock has seen the biggest year-to-date gains of the three, rising around 24%.

Persons: Donald Trump's, Bernstein, Harshita Rawat, Rawat, Trump, Gary Gensler Organizations: U.S . Securities, Exchange, Visa, Department of Justice, DOJ, Trump, Mastercard, Discover Financial

☆ Trump victory may provide TikTok a lifeline to remain in the U.S.
▼ + stars: | 2024-11-13 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

In April, President Joe Biden signed a law that requires China's ByteDance to sell TikTok by Jan. 19. Although both Republicans and Democrats supported the Biden TikTok ban in April, Trump voiced opposition to the ban during his candidacy. Since his election, Trump hasn't publicly discussed his plans for TikTok, but Trump-Vance transition spokeswoman Karoline Leavitt told CNBC that the president-elect "will deliver." "The American people re-elected President Trump by a resounding margin giving him a mandate to implement the promises he made on the campaign trail," Leavitt said in a statement. That month it was also reported that Yass was a part owner of the business that merged with the parent company of Trump's Truth Social.

Persons: Donald Trump, Tim Cook, Meta, Mark Zuckerberg, Jeff Bezos, Shou Zi Chew, Joe Biden, Jan, Trump's, Trump, CNBC's, Kamala Harris, We're, Trump hasn't, Vance, Karoline Leavitt, Leavitt, TikTok, Jeff Yass Organizations: U.S, Apple, U.S ., Google, White, Democrats, Biden, Trump, CNBC, Republican, Susquehanna International Group, NBC Locations: Communist China, U.S, Smithton , Pennsylvania, Chew, TikTok, ByteDance, Yass

As bitcoin shoots to new heights, some stocks that trade closely with the digital currency could also see their fortunes rise. Against that backdrop, CNBC Pro screened for stocks that have the highest positive correlation with bitcoin over the past 60 days, meaning they could rise in tandem. Fellow crypto miner Riot Platforms was also on the list with an 81% correlation to bitcoin. Lesser-known names that could see a boost on further bitcoin appreciation include crypto miners Bitdeer Technologies and Hut 8 . Bitdeer has a 67% correlation to the digital currency, while Hut 8's correlation coefficient is nearly 0.7.

Persons: Bitcoin, Donald Trump, Trump, bitcoin, Mark McLaughlin, Cryptocurrency, Mara Holdings, Cantor Fitzgerald, Mara, Brett Knoblauch, MARA, Bitdeer Organizations: cryptocurrencies, CNBC Pro, New York Stock Exchange, Nasdaq, Bank of America, Bitdeer Technologies

Traders work on the floor at the New York Stock Exchange (NYSE), after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. U.S. stocks slid on Thursday, as fresh comments from Federal Reserve Chair Jerome Powell signaled that economic strength could warrant some patience with future rate cuts. The Dow Jones Industrial Average slipped 189 points, or 0.4%, after falling more than 250 points at the lows of the session. "The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully," Powell said. Those moves come after the October producer price index released Thursday rose 0.2%, matching forecasts from economists polled by Dow Jones.

Persons: Republican Donald Trump, Jerome Powell, Stocks, Powell, Tesla, Dow Jones, Donald Trump's, Jay Woods Organizations: New York Stock Exchange, Republican, U.S, Federal, Dow Jones, Nasdaq, Trump, Russell, PPI, Dow, Freedom Capital Locations: New York City, U.S, Dallas

☆ 5 areas outside the battlegrounds that show how Trump expanded his coalition: From the Politics Desk
▼ + stars: | 2024-11-12 | by ( The Politics Desk | ) www.nbcnews.com time to read: +10 min

In today’s edition, national political correspondent Steve Kornacki breaks down the blue areas across the country where Donald Trump expanded his coalition. These five jurisdictions help tell the story of where and how Trump expanded his coalition the most dramatically. When Trump ran in 2016, he was crushed in Lawrence, an old mill city on the Merrimack River, by 66 points. Trump transition watchPresident-elect Donald Trump is continuing the process of building out his administration, tapping allies for key posts. DeSantis does not have to listen to Trump, after the two men saw their relationship fray amid DeSantis’ national rise and his failed 2024 presidential campaign.

Persons: Steve Kornacki, Donald Trump, Matt Dixon, Trump's, Sen, Marco Rubio, Trump, Steve Kornacki Donald Trump, Biden, Harris, Loudoun, Democrats ’, Kristi Noem, Noem, Rubio, Mike Huckabee, Mike Waltz, Waltz, Christopher Wray, Wray, Kash Patel, Ron DeSantis, Lara, wouldn’t, Lara Trump, Trump’s, James Uthmeier, Commerce Wilbur Ross, Uthmeier, Read Organizations: NBC, White House, Capitol, Trump, Puerto Ricans, Puerto Rico, GOP, Democrats, Democratic, Republican, South Dakota Gov, Department of Homeland Security, Foreign Relations, Intelligence, Arkansas Gov, Russia, CIA, Trump’s Cabinet, Florida Gov, Senate, State Department, Commerce Locations: Florida, Osceola County , Florida, Orlando, Puerto, Trump’s, Trump’s Puerto Rican, Lawrence , Massachusetts, Massachusetts, Lawrence, Merrimack, Loudoun County , Virginia, Rockland County , New York, New York City, Rockland, America, McKinley County , New Mexico, McKinley, New Mexico, Marco Rubio of Florida, U.S, Israel, China, Ukraine, Matt Dixon TALLAHASSEE, Fla

DeSantis does not have to listen to Trump, after the two men saw their relationship fray amid DeSantis' national rise and his failed 2024 presidential campaign. “I think that pick makes a lot of sense, and would be great for Florida,” said a Trump ally who acknowledged there is interest from Trump world in seeing DeSantis appoint Lara Trump. "I have heard that too," a DeSantis ally said of Lara Trump getting in the mix for the Senate appointment. Two DeSantis advisers told NBC News that it is very unlikely DeSantis would appoint himself, even though the option remains open. “She would avoid a really nasty primary in two years.”“I’m giving her my full backing” she continued of Lara Trump, who is a North Carolina resident.

Persons: Ron DeSantis, Sen, Marco Rubio, Donald Trump, Lara, Rubio, Trump, wouldn't, Lara Trump, ”, DeSantis, “, James Uthmeier, Trump's, Commerce Wilbur Ross, Uthmeier, James, it's, Gov, Jeanette Nunez, General Ashley Moody, Paul Renner, Jose Oliva, Laurel Lee, Susie Wiles, Wiles, Ron, I’ve, Florida Sen, Rick Scott, Marco Rubio’s, Anna Paulina Luna, Benny Johnson, “ I’m Organizations: Florida Gov, Senate, State Department, Trump, Florida Republicans, NBC, Commerce, NBC News, Republican, Florida, Gov Locations: TALLAHASSEE, Fla, Florida, U.S, North Carolina

The report adds to some other examples of hateful rhetoric spreading after Trump’s victory. Gender played a central role in this year’s election as Vice President Kamala Harris’ presidential campaign emphasized reproductive rights. Even before his election, Trump and his supporters had targeted Harris with misogynistic comments throughout her campaign. On platforms like TikTok, women posted about the misogynistic comments they had received parroting Fuentes’ remarks, with many also rebuking the sentiment. A TikTok spokesperson confirmed that phrases like “your body, my choice” violates community guidelines, except for instances of counterspeech.

Persons: Donald Trump, Nick Fuentes —, —, Fuentes, “, Isabelle Frances, Wright, Kamala Harris ’, Trump, Harris —, Joe Biden, Harris, Donald Trump’s, ” Fuentes ’, parroting Fuentes ’ Organizations: Strategic, Institute for Strategic, Institute, Strategic Dialogue’s, Black, FBI, NBC, Elon Musk’s America PAC, Communist, Trump Locations: London

Amid a presidential loss and hand-wringing over the wreckage, congressional gains for Democrats in New York state are one of the small bright spots shining out from the party’s bleak results. The Democratic Party lost five competitive House races in this blue state two years ago — the exact margin by which they lost the House majority. One key ingredient isn’t available everywhere: Democrats redrew the state political maps early this year, though that move gave some Democrats heartburn at the time. In the aftermath of 2022, three top New York Democrats — Gov. Internal polling from the House GOP campaign arm across the seven competitive House districts showed Harris trailing Biden’s margins – and even giving Trump an edge.

Persons: Kamala Harris underperformed, Joe Biden, heartburn, Hochul, Harris, Josh Riley, It’s, they’re, Biden, ” Riley, “ We’ve, ” It’s, Kathy Hochul, Sen, Kirsten Gillibrand, Hakeem Jeffries —, Coke, Syracuse University —, —, “, ”, you’d, aren’t Organizations: Democratic Party, redrew, Democratic, ”, NBC, Congressional, Democrats, New York Democrats — Gov, NBC News, Syracuse University, Pepsi, Republicans, Republican, stoke, GOP, Trump Locations: New York, Riley’s, “, York, Wisconsin, New York City

☆ Israeli minister draws criticism for saying Trump's win is an opportunity to annex parts of West Bank
▼ + stars: | 2024-11-12 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +2 min

A call from Israel’s ultranationalist finance minister to use Donald Trump’s election win as an opportunity to annex parts of the occupied West Bank has drawn international condemnation and fueled fears about the U.S. ally’s plans. Bezalel Smotrich said Monday that “the time has come” to extend Israeli sovereignty over settlements in the area — land recognized by the international community as belonging to Palestinians in their quest for a future state. The Israeli minister welcomed the president-elect’s victory and said that he would seek Trump's support for the move. Discussions on plans to annex parts of the West Bank were held between Israel and Washington during Trump’s first term, and Smotrich said that he would push his government to engage with the incoming administration to gain support. Smotrich added that he would seek international recognition for sovereignty over the West Bank, but his announcement quickly drew global condemnation.

Persons: Donald Trump’s, Bezalel Smotrich, “, God’s, Trump, ”, Trump’s, Smotrich, Biden, Steffen Seibert Organizations: West Bank, State Department, Israel Locations: Israel, Judea, Samaria, Washington, United States

President-elect Donald Trump is planning to nominate South Dakota Republican Gov. Kristi Noem to serve as the secretary of the Department of Homeland Security, according to four sources familiar with the decision. As Homeland Security secretary, Noem would oversee a number of key federal agencies including U.S. Immigration and Customs Enforcement, U.S. Customs and Border Protection, the Federal Emergency Management Agency (FEMA), the U.S. Secret Service, TSA and the Coast Guard. Noem has criticized President Joe Biden's handling of the border, echoing arguments made by Trump that violent criminals are flooding into the country. Similar to Trump's other allies, Noem had signaled support for his efforts to overturn the 2020 election results.

Persons: Donald Trump, Kristi Noem, Noem, Joe Biden's, Jan, Mike Pence Organizations: South Dakota Republican Gov, Department of Homeland Security, Homeland, . Immigration, Customs, . Customs, Federal Emergency Management Agency, FEMA, Secret Service, TSA, Coast Guard, Oglala Sioux Tribe, Trump, Press, White, CNN Locations: U.S, Mexico, Texas, Oglala, South Dakota

The judge overseeing Donald Trump's New York criminal trial delayed a key ruling Tuesday on whether the president-elect's conviction should be set aside, according to correspondence between the parties. The court has granted them a week's delay to provide their position, the clerk informed both sides in a court filing. Donald Trump outside the courtroom as jurors began deliberating at his criminal trial at Manhattan Criminal Court on May 29, 2024 in New York City. Trump was convicted in May on 34 felony counts related to hush money payments made to adult film actress Stormy Daniels. The Justice Department is now winding down the two federal criminal cases against the former and future president.

Persons: Donald Trump's, Trump, Judge Juan Merchan, Matthew Colangelo, Donald Trump, Doug Mills, Alvin Bragg's, Stormy Daniels, Merchan, Fani, Willis Organizations: Manhattan Criminal, The, Trump, Justice, department’s, Trump : Fulton, NBC News Locations: York, New York City, Manhattan, New York, Trump : Fulton County, Georgia

WASHINGTON — The Supreme Court on Tuesday dealt a setback to former White House chief of staff Mark Meadows in his defense against 2020 election interference charges in Georgia, turning away his attempt to transfer his case from state to federal court. His lawyers argued that the case should be moved because he was acting as a “federal officer” at the time and could therefore argue for immunity from prosecution. Circuit Court of Appeals concluding that because Meadows is no longer a federal official, the provision that would allow the case to be moved to federal court does not apply to him. The appeals court also found that even if he was deemed to be a federal officer, "the events giving rise to this criminal action were not related to Meadows' official duties." Meadows faces two counts in the sprawling Georgia election interference case over his role in efforts to keep Trump in power after he lost the 2020 election.

Persons: WASHINGTON —, Mark Meadows, ”, Meadows, Trump Organizations: White House, Circuit, Trump Locations: Georgia, U.S

☆ 'SNL' cast member Chloe Fineman says Elon Musk made her cry when he hosted the show
▼ + stars: | 2024-11-12 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

Saturday Night Live” cast member Chloe Fineman appeared to solve a mystery Monday about which recent “SNL” host made someone cry: She said that the host was tech billionaire Elon Musk and that she was the one in tears. In August, fellow cast member Bowen Yang said on a podcast that a male “SNL” host made multiple cast members cry because the host hated their ideas for sketches. “I’m gonna come out and say, at long last, that I’m the cast member that he made cry and he’s the host that made someone cry,” she said in the video. Musk didn’t immediately respond to a request for comment late Monday about Fineman’s video. Fineman didn’t say which sketch it was, but she said it made it onto the show and turned out well.

Persons: Chloe Fineman, Elon Musk, Bowen Yang, Yang didn’t, John Nacion, Fineman, I’m, ”, Wario, ” Fineman, “, Musk wasn’t, Musk, Donald Trump, Kamala Harris, Dana Carvey’s, ” Musk, “ You’re Organizations: SNL, Getty, SpaceX, NBC, “ SNL Locations: New York City

☆ Santa Monica mother urges officials to provide more security amid racist texts
▼ + stars: | 2024-11-12 | by ( Nbc Los Angeles | ) www.nbcnews.com time to read: +2 min

A racist text message was sent to thousands of Black individuals nationwide the day after the election. Among those who were targeted by the text were Black Santa Monica students. Ericka Lesley has been talking about the post-election racist text messages for five days now. Lesley is calling for increased security for Black children in Santa Monica schools. Neither Santa Monia Police nor SMMUSD indicated any plans to increase school security in light of the text messages.

Persons: Ericka Lesley, ”, Lesley, she’s, Black, ” Lesley, Antonio Shelton, NBC4, Erika Aklufi, Aklufi Organizations: Santa Monica, Santa Monica High School, Santa Monica College, Washington DC, FBI, Malibu Unified School, Santa Monica Police, Santa Monia Police Locations: Southern California, Southland, California, Kentucky, Florida, Washington, Santa Monica, Santa

☆ U.S. climate envoy says work will continue despite Trump’s return
▼ + stars: | 2024-11-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

The annual U.N. climate summit began on Monday in Baku, Azerbaijan, with many country delegations concerned that Trump’s victory in the U.S. presidential election on Nov. 5 will hinder progress to limit planetary warming. Trump has promised to again remove the United States, the world’s most significant historic greenhouse gas emitter, from international climate cooperation and maximize the country’s already record-high fossil fuel production. “For those of us dedicated to climate action, last week’s outcome in the United States is obviously bitterly disappointing,” Podesta said at the summit. “Let’s dispense with the idea that climate finance is charity,” he said at the Baku stadium. “An ambitious new climate finance goal is entirely in the self-interest of every nation, including the largest and wealthiest.”This year is on track to be the hottest on record.

Persons: John Podesta, Donald Trump, Trump, ” Podesta, ”, Joe Biden’s, Simon Stiell, Rich, “, Marc Vanheukelen, Ilham Aliyev Organizations: Azerbaijan —, U.S, United, Trade, Reuters, Finance, Fund Locations: BAKU, Azerbaijan, Azerbaijan — U.S, Baku, United States, Ukraine, Gaza, ”, Africa, Spain, U.S ., North Carolina, America, Mexico, China, U.S

PHOENIX — Democratic Rep. Ruben Gallego will be Arizona’s first Latino senator next year, NBC News projects, after he defeated Republican Kari Lake amid a protracted vote count in one of the key swing states. Trump won the state in 2016 and won it again this year by what appears to be his biggest margin in any of the core swing states. But he kept his message homed on the issues behind those identities, linking them to border security, comprehensive immigration reform and expanded mental health services for veterans. Gallego focused on his party’s strengths, like reproductive rights, but he also tried to tackle his party’s weaknesses head-on, advertising on issues like border security. Lake tried to tie Gallego to Biden and his administration on a host of issues, but especially border security, a key focus of hers during their lone debate in October.

Persons: Ruben Gallego, Republican Kari Lake, Gallego, Sen, Kyrsten Sinema, Donald Trump, Trump, Joe Biden, Bernie Sanders, MAGA, Juntos Con Gallego, Biden, “ Trump, ”, Phoenix Mayor Kate Gallego Organizations: PHOENIX — Democratic, NBC News, Republican, Democratic, Congressional Progressive Caucus, Senate, Trump, Marine, Veterans, Juntos, Phoenix Mayor Locations: Arizona

President-elect Donald Trump is expected to nominate Sen. Marco Rubio of Florida for secretary of state in his administration in the coming days, according to three sources familiar with the selection process. Foreign policy is one of the few areas in which there is a deep philosophical disagreement among Trump's base. But there remains a different strain of foreign policy thinking among even prominent Trump supporters. Even though Rubio is an avowed Trump supporter, the perception is that he was one of the "less MAGA" options, a Trump ally told NBC News. Trump had considered Rubio as a running mate before he ultimately chose Sen. JD Vance, R-Ohio.

Persons: Donald Trump, Sen, Marco Rubio, Trump, wouldn't, Rubio, ”, Marco, he’s, “ He’s, “, Ric Grenell, Trump’s, Grenell, JD Vance, Ron DeSantis, Lee Zeldin, Mike Waltz, Susie Wiles, Tom Homan Organizations: New York Times, Trump, NBC News, Foreign Relations, State, State Department, Florida Gov, White Locations: Marco Rubio of Florida, China, Ukraine, Germany, R, Ohio, Florida

Journalist Christ Wallace is leaving CNN after almost three years, the network said Monday. But CNN+, a streaming service, was not to last. Wallace had a CNN show, "Who’s Talking to Chris Wallace?" "Chris Wallace is one of the most respected political journalists in the news business with a unique track record across radio, print, broadcast television, cable television and streaming," CNN CEO and Chairman Mark Thompson said in a statement Monday. "This is the first time in 55 years I‘ve been between jobs,” Wallace told the outlet.

Persons: Christ Wallace, Wallace, ” Wallace, Chris Wallace, Max, Mark Thompson, he’s, Thompson, I‘ve, ” Organizations: CNN, Daily, Fox, Fox News

☆ Morning-after pill sales surge online, telehealth companies say, as women prepare for second Trump term
▼ + stars: | 2024-11-12 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +6 min

At Wisp, which offers two types of emergency contraception online, sales of those medications went up about 1,000% in just one day after Tuesday’s election. “We are seeing women actually stockpile emergency contraception pills,” Cepak said. “When you attack one piece of reproductive health care, it really has a ripple effect,” Friedrich-Karnik said. “People who need abortion care often also at some point need contraception, and people who need contraception might eventually need maternal health care,” she said. “People’s lives are fluid like that, and this care is fluid, and you can’t attack one piece of reproductive health care without really impacting the whole range of care that people need.”

Persons: Donald Trump, Trump, Monica Cepak, “, ” Cepak, ”, Cynthia Plotch, it’s, ” Plotch, That’s what’s, It’s, ’ ”, Clayton Alfonso, ‘ I’ve, ’ ” Alfonso, Court’s Dobbs, Roe, Wade, Dr, Sanjay Gupta, Amy Friedrich, Karnik, ” Friedrich Organizations: CNN —, “, Winx, Duke Health, American College of Obstetricians, Trump, Heritage Foundation, Republican, CNN, CNN Health, Guttmacher Institute Locations: United States, North Carolina

☆ Mark Meadows: Supreme Court rejects former Trump aide’s request to move Georgia election subversion case to federal court
▼ + stars: | 2024-11-12 | by ( John Fritze | ) edition.cnn.com time to read: +3 min

CNN —The Supreme Court declined Tuesday to let Mark Meadows move his Georgia election subversion case to federal court, effectively barring the former chief of staff during Donald Trump’s first term from claiming immunity from those charges. Meadows wanted to have his case heard in federal – rather than state – court, where he would be able to raise immunity claims. The Atlanta-based 11th US Circuit Court of Appeals ruled last year that the Georgia prosecution against Meadows should continue in state court, concluding that former federal officials are not covered by that statute “removing” state cases against government officials to federal court. The Georgia case has been at a standstill while an appeals court considers ethics allegations against Fulton County District Attorney Fani Willis. Meadows has also sought to move his criminal case related to the 2020 election in Arizona to federal court but failed to convince a judge in September.

Persons: Mark Meadows, Donald Trump’s, Trump, Meadows, William Pryor’s, ”, Fani Willis, Willis, CNN’s Tierney Sneed Organizations: CNN, White, Trump, Fulton, Democrat Locations: Georgia, Meadows, North Carolina, Fulton County , Georgia, Atlanta, ” Meadows, United States, Fulton County, Arizona

☆ Financials’ post-Trump rally has room to run, KBW CEO Tom Michaud suggests
▼ + stars: | 2024-11-12 | 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 EmailFinancials’ post-Trump rally has room to run, KBW CEO Tom Michaud suggestsThomas Michaud, KBW CEO, joins 'Fast Money' to discuss what to expect from tomorrow's CPI report and Bitcoin’s post-election rally.

Persons: Tom Michaud, Thomas Michaud Organizations: Trump, CPI

☆ Market is overvalued post-election & mild correction would be welcome event, says Hugh Johnson
▼ + stars: | 2024-11-12 | 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 EmailMarket is overvalued post-election & mild correction would be welcome event, says Hugh JohnsonHugh Johnson, chairman and CIO of Hugh Johnson Economics, joins CNBC's 'Power Lunch' to discuss market outlooks post-election, whether there's too much optimism in the market, and more.

Persons: Hugh Johnson Hugh Johnson, Hugh Johnson

☆ Trump's policies could usher in stagflation and send stock prices plummeting, 'Dr. Doom' economist says
▼ + stars: | 2024-11-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Such a scenario would entail higher inflation, higher rates, and falling stock prices, Roubini predicted. "That's going to crowd economic growth, and bond yields above 5% would imply a correction of stock prices and negative impacts on the economy." AdvertisementOther experts have warned some of Trump's policies could lead to higher inflation and interest rates, with his tariff plan attracting significant criticism from economists. Some of Trump's policies — like his plans to loosen regulation — could prop up business activity and fuel growth, Roubini noted. "I think markets are still in a wait-and-see to figure out whether the policies are going to be hurting the economy," Roubini said.

Persons: Nouriel Roubini, Roubini, —, Donald Trump's, Doom, prognostications, Trump, Trump's, Taylor Rogers, hin, Stocks Organizations: Service, Bloomberg, stoke, Republican National Committee, Trump, Fed, Bank of America, Dow Jones Industrial Locations: China

Search resuls for: "Election"

25 mentions found