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☆ Who Wall Street thinks will win the election
▼ + stars: | 2024-11-04 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

A survey of 119 investors found that 53% think former president Donald Trump will defeat Kamala Harris. Investors believe fossil fuel and industrial companies should do well under Trump, the survey said. AdvertisementMany of the bigwigs of finance have picked their sides, but Wall Street seems to believe one candidate has the upper hand in this year's presidential election. Betting markets have leaned toward former President Donald Trump, and the financial markets have already priced in a Trump win, according to billionaire investor Stan Druckenmiller. One of the world's most accurate economists, Christophe Barraud, for instance, is putting his credibility on the line for a Trump win.

Persons: Donald Trump, Kamala Harris, Stanley Druckenmiller, —, Stan Druckenmiller, Emmanuel Cau, Trump, SumZero, Divya Narendra, Ken Griffin, Griffin, Druckenmiller, Hillary Clinton, Elon Musk, Christophe Barraud Organizations: Investors, Trump, Republican, Service, Barclays London, Billionaire Citadel, Future Investment Initiative, Tesla Locations: Saudi Arabia, Riyadh

AdvertisementSpeed and ease — that's how generative AI is changing the game for finance professionals. In a survey of 780 banking and capital-markets employees by Accenture Research, 62% of respondents expect generative AI to increase people's stress and burnout. "Employees with AI skills will replace people without AI skills," Andrew Chin, the chief AI officer at the $759 billion money manager AllianceBernstein, told BI. AdvertisementA data scientist at a midsize hedge fund told BI that generative AI models are a "superpower for coders." The firm's ultimate aim is to use generative AI to replicate the success of its best bankers for all advisors.

Persons: Christina Melas, Rowe Price's Sébastien, Eric Burl, Alyssa Powell, Thomas H, Lee, Keri Smith, Smith, Ken Griffin, They've, Goldman Sachs, Marco Argenti, Argenti, It's, I've, drudge, Andrew Chin, AllianceBernstein, Lisa Donahue, Donahue, Jobs, who's, He's, he'd, ChatGPT, Accenture's Smith Organizations: Bain Capital Ventures, Management, Business, Bain Capital, Man Group, Accenture Research, Finance, Wall Street, Blackstone, Sigma, Citadel, Milken Institute Global Conference, Excel, Accenture, Northern Trust, Citibank, Citi, JPMorgan Locations: New York City, New York

☆ JPMorgan boss Jamie Dimon warns it's too early for a Fed victory lap, as inflation 'may not go away that quickly'
▼ + stars: | 2023-11-15 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Markets are probably overreacting to the October inflation data, according to Jamie Dimon. The JPMorgan CEO told Bloomberg that he's "afraid inflation may not go away that quickly". AdvertisementThe Federal Reserve shouldn't call time on its inflation fight just yet, according to Jamie Dimon. "I'm afraid inflation may not go away that quickly," Dimon added. AdvertisementThe JPMorgan boss isn't the only big name on Wall Street telling markets not to put too much stock in Tuesday's CPI print.

Persons: Jamie Dimon, —, Stocks, Dimon, El Financiero, that's, Dimon –, they've, isn't, Ken Griffin Organizations: JPMorgan, Bloomberg, Service, JPMorgan Chase, El Financiero Bloomberg, CPI, Billionaire Citadel

☆ The dream economic scenario might be back on the table, as inflation cools and growth surges
▼ + stars: | 2023-11-15 | by ( George Glover | ) www.businessinsider.com time to read: +5 min

It's a sign the dream economic scenario – where the Fed reins in inflation without crushing growth or driving up unemployment – is still on the table. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . After a difficult few months, there are signs the central bank's dream economic scenario is back on the table once again. The dream economic scenarioSome big-name investors sounded cautious in their responses to the latest data, warning that inflation may prove stickier than expected. Some might call this a "Goldilocks" scenario – where inflation, growth, and the job market all look "just right".

Persons: Stocks, —, PIMCO, Paul McCulley, Jamie Dimon, Ken Griffin, Matt Turner, Taylor, it's Organizations: Service, Bank of America, Federal Reserve, Reuters, Nasdaq, JPMorgan, Citadel, optimist, country's Locations: –

☆ Citadel chief Griffin weighs backing Haley in Republican primary
▼ + stars: | 2023-11-14 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

Billionaire Citadel CEO Ken Griffin is "actively contemplating" financially supporting former U.S. ambassador to the United Nations Nikki Haley in the Republican primary for president. Yes or no," Griffin said in an interview Tuesday with Bloomberg TV, when asked whether he planned to financially support Haley. Griffin is the latest of several wealthy, Republican donors who have said in recent days that they plan to support Haley over Trump and the rest of the primary field. But on Monday he told CNBC that following Scott's announcement, he planned to support Haley exclusively from now on. Until Sunday, Sabin had been fundraising for Scott's primary effort.

Persons: Ken Griffin, Nikki Haley, we're, Griffin, Haley, Forbes, Donald Trump, Trump, Ron DeSantis, Sen, Tim Scott, Scott, Stanley Druckenmiller, Druckenmiller, Andy Sabin, Sabin, Eric Levine Organizations: Citadel, CNBC's, Alpha, Billionaire Citadel, U.S, United, Republican, Bloomberg, Florida Gov, Trump, CNBC Locations: New York, New York City

☆ Billionaire GOP mega-donor Ken Griffin may have a new Republican fave
▼ + stars: | 2023-10-25 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Citadel founder Ken Griffin said his one-time favorite candidate, Florida Gov. Griffin, who has been looking for an alternative to former President Donald Trump, called Nikki Haley a rockstar. Griffin was speaking at the Robin Hood conference in New YorkNEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementBillionaire Citadel founder Ken Griffin may have a new favorite candidate in the GOP presidential primary.

Persons: Ken Griffin, Ron DeSantis, Griffin, Donald Trump, Nikki Haley, Robin Hood, —, Paul Tudor Jones, Haley, DeSantis, Chris Christie —, Steve Cohen, Robin Hood —, Joe Biden Organizations: Citadel, Florida Gov, Robin, Service, Billionaire, South Carolina Gov, New, New York City, Trump, Citadel Securities, SEC Locations: Iowa, New York, New Jersey, New Hampshire

☆ DeSantis donors privately worry about campaign as Florida governor lags in 2024 polls
▼ + stars: | 2023-07-12 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

Presidential candidate and Florida Governor Ron DeSantis waves to a crowd at a campaign event on June 2, 2023 in Gilbert, South Carolina. "He has a tremendous record as governor of Florida, and our country would be well-served by him as president," Griffin said then. Braman's company, Braman Motors, contributed $100,000 to the state-based DeSantis PAC, as well, according to the records. Andrew Romeo, a spokesman for the DeSantis campaign, did not deny any element of this story. "You could wallpaper the governor's residence with the amount of premature political obituaries written about Ron DeSantis.

Persons: Ron DeSantis, Donald Trump, Murdoch, Rupert Murdoch, They're, Trump, DeSantis, Ken Griffin, Mike Pence, Nikki Haley, Chris Christie, Sen, Tim Scott of, Nothing's, Zia Ahmed, Griffin, Semafor, Norman Braman, Clive Fields, Robert Bigelow, Braman, Marco Rubio, Fields, Griffin's, Andrew Romeo, Joe Biden, Romeo Organizations: Florida, Florida Gov, Fox Corp, News Corp, Trump, Citadel, GOP, South Carolina Gov, New, New Jersey Gov, Politico, New York Times, Republican, Philadelphia Eagles, Braman Motors, PAC, CNBC Locations: Gilbert , South Carolina, Florida, New Jersey, Tim Scott of South Carolina

☆ Billionaire Ken Griffin says good programmers' days are numbered. Here's what will make a coder stand out.
▼ + stars: | 2023-06-08 | by ( Paige Hagy | ) www.businessinsider.com time to read: +4 min

Ken Griffin spoke to the newest class of Citadel interns at the Four Seasons on Tuesday. The CEO said generative AI is changing the game and it's harder than ever to stand out as a programmer. Billionaire Citadel founder Ken Griffin says the days of the good programmer are numbered, and generative AI is the reason why. "Programming is going to be a big target for generative AI," Griffin said, according to people who heard him speak. The days of 'I'm a good programmer' are becoming numbered."

Persons: Ken Griffin, Griffin Organizations: Citadel, Citadel . Billionaire Citadel, CNBC, Citadel Securities, NASA, US Army Locations: Fort Lauderdale, Wall

☆ The oldest, most complete Hebrew Bible that went missing for 600 years sells for a record $38 million
▼ + stars: | 2023-05-21 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +3 min

An ancient Hebrew Bible has just sold at Sotheby's auction house in New York for $38 million. The ancient text, written in around 900 AD, is the most complete early copy of the Hebrew Bible. Hence, the auction house says the nearly 800-page Codex Sassoon is "definitively the most significant early biblical manuscript in private hands." It includes 24 books of the Hebrew Bible, divided into the Torah, or "Pentateuch," the Nevi'im, or "prophets," and the Ketuvim, or "writings." The Hebrew Bible is the basis for what Christians call the Old Testament.

☆ Trump has called several GOP donors who contributed money to Ron DeSantis asking them to stop boosting the Florida governor: report
▼ + stars: | 2022-09-25 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Trump has informed some political donors to stop boosting Ron DeSantis, per The Washington Post. During his calls with donors, the ex-president said that DeSantis could be a potential 2024 rival. Trump's endorsement of DeSantis' 2018 gubernatorial bid was a key moment in the governor's political rise. Ron DeSantis — who has emerged as one of the former president's most formidable potential rivals in a GOP presidential primary matchup — according to The Washington Post. Trump was instrumental in shaping DeSantis' political rise in the Sunshine State, endorsing the little-known congressman in the 2018 gubernatorial primary over a more established rival, then-Agriculture Commissioner Adam Putnam.

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