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☆ Home prices may fall 20% as the housing market thaws — and help get baby boomers moving, research legend says
▼ + stars: | 2024-11-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

AdvertisementMeredith Whitney expects home prices to fall by 10% to 20% as the frozen housing market starts thawing. The veteran researcher said baby boomers aren't selling, restricting the number of homes available. Home prices are poised to fall by up to a fifth as the frozen housing market thaws — and that could help baby boomers sell at last and younger people to become homeowners, Meredith Whitney says. Advertisement"The problem is the baby boomers own 60% of the housing stock," she said, referring to single-family, owner-occupied homes. AdvertisementSeveral economists have predicted a "silver tsunami" as baby boomers sell their homes to downsize or move into care homes, increasing the available supply of single-family homes and reducing prices.

Persons: Meredith Whitney, It's, Price, Whitney, millennials Organizations: Meredith Whitney Advisory Group, Homeowners, Federal Reserve, National Association of Realtors, CNBC

☆ Meet the Jersey Mike's founder now worth $7.5 billion after selling his sandwich chain to Blackstone
▼ + stars: | 2024-11-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

AdvertisementMeet Peter Cancro, the Jersey Mike's founder who's selling the sandwich chain to Blackstone. The founder and CEO of Jersey Mike's is now worth an estimated $7.5 billion, propelling him into 390th place on the Bloomberg Billionaires Index. Blackstone said Tuesday it had agreed to buy a majority stake in Jersey Mike's. Jersey Mike's is the second-largest sandwich chain after Subway. Justin Sullivan/Getty ImagesCancro changed the company's name to Jersey Mike's when he began franchising in 1987.

Persons: Peter Cancro, Cancro, that's, Netflix's Reed Hastings, eBay's Jeff Skoll, Giorgio Armani, Mark Cuban, Blackstone, Jersey Mike's, It's, Danny DeVito, Justin Sullivan, — Organizations: Bloomberg, Jersey, —, Hilton Locations: Jersey, Blackstone, Jersey Mike's, Jersey Shore

CNN —United States envoy Amos Hochstein is due to visit Beirut “imminently” after Lebanon responded “positively” to a US-backed proposal to stop the Israel-Hezbollah war, Lebanese Prime Minister Najib Mikati said on Monday. US ambassador to Lebanon Lisa Johnson relayed the proposal to the Lebanese government via Nabih Berri, the parliament speaker, on Thursday night, a Lebanese official told CNN earlier. According to the official, Hezbollah reviewed the proposal and submitted their response to Lebanese authorities on Sunday evening. The Israeli source added that Hochstein has not yet confirmed when he will arrive in the region. Another Lebanese source familiar with the ceasefire talks told CNN earlier that President-elect Trump has endorsed Hochstein’s ceasefire negotiations track, increasing the chances of its success.

Persons: Amos Hochstein, imminently, “, Najib Mikati, Al Araby, Mikati, Lebanon Lisa Johnson, Ed Ram, Netanyahu, Hochstein, Bezalel Smotrich, ”, Nabih Berri, Mohamed Azakir, Reuters Berri, Amal, Hassan Nasrallah, Donald Trump’s, Trump, Israel Organizations: CNN, United, Lebanese, UN, Getty, Reuters, Saudi, Al, Hezbollah, US Locations: Beirut, imminently ”, Lebanon, Israel, Lebanese, Nabih Berri, Lebanon’s, Israeli, Gaza, Al Awsat

☆ Warren Buffett's company just bought into Domino's Pizza and Pool Corp. Here's why both bets make sense.
▼ + stars: | 2024-11-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

AdvertisementWarren Buffett's Berkshire Hathaway bought Domino's Pizza and Pool Corp. stock last quarter. Warren Buffett's Berkshire Hathaway added Domino's Pizza and Pool Corp. to its stock portfolio last quarter, a regulatory filing revealed on Thursday. The famed investor's conglomerate bought nearly 1.3 million shares of Domino's, a 3.7% stake worth $549 million at the end of September. The result is that Pool Corp. sits firmly within Buffett's "circle of competence," which he keeps in mind to ensure that he only invests in things he understands. Neither Domino's nor Pool Corp. classify as cheap on a price-to-earnings basis.

Persons: Warren, Berkshire Hathaway, Buffett, Warren Buffett's Berkshire Hathaway, Ted Weschler, Todd Combs, —, Kraft Heinz, McLane Organizations: Corp, Domino's, Pool Corp, Kraft, Company, Berkshire, Clayton Homes, Acme Locations: Berkshire

☆ Deloitte, EY, KPMG, and PwC make up the Big 4 — here's how they compare
▼ + stars: | 2024-11-15 | by ( Polly Thompson | ) www.businessinsider.com time to read: +8 min

The Big Four — EY, Deloitte, KPMG, and PwC — are the world's largest accounting and consulting firms. AdvertisementDeloitte, EY, KPMG, and PwC are the world's largest accounting and consulting firms, known as the Big Four. The Big Four offer companies services such as workforce transformations, reshaping corporate finance portfolios, assurance, valuation, and optimizing the use of technology. AdvertisementThough not as stark a slowdown as Deloitte or EY, growth at PwC still dropped noticeably compared to the 9.9% rise reported for the previous 12 months. In February 2024, it unveiled a tax AI assistant for 2,300 PwC tax professionals in the UK to use.

Persons: PwC, —, Antonia Wade, EY, Ernst & Young, Janet Truncale, Carmine Di Sibio, Jack Taylor, Joe Ucuzoglu, Jim Spellman, Price Waterhouse, Mohamed Kande, Bill Thomas, Liam McBurney Organizations: Deloitte, KPMG, Service, EY, Ernst, Getty, Revenue, Assurance, PwC, Deloitte Deloitte, Deloitte Global, Equity, Nvidia, Google, AWS, Coopers, Street Journal, Big Locations: London, PwC, Asia, Pacific, Amsterdam

☆ Jamie Dimon says bankers are 'dancing in the street' because they expect Trump to cut red tape
▼ + stars: | 2024-11-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Jamie Dimon says bankers are "dancing in the street" because they expect Donald Trump to cut regulations. President-elect Trump has tasked Elon Musk and Vivek Ramaswamy with eliminating government waste. AdvertisementJamie Dimon says Wall Street is whooping with joy at the prospect of Donald Trump tearing up regulations and revitalizing the banking industry in his second term. AdvertisementExcessive regulation in the US is "a shame, and we're doing this to ourselves, and it's a mistake," Dimon said. The president-elect wrote that DOGE's goal would be to "dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies."

Persons: Jamie Dimon, Donald Trump, Trump, Elon Musk, Vivek Ramaswamy, —, they've, Dimon Organizations: JPMorgan, Service, APEC, Summit, Bloomberg, of Government Locations: Lima , Peru

☆ Warren Buffett's Berkshire Hathaway reveals new bets on Domino's Pizza and Pool Corp.
▼ + stars: | 2024-11-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett's Berkshire Hathaway purchased stakes in Domino's Pizza and Pool Corp. last quarter. AdvertisementWarren Buffett's Berkshire Hathaway took a bite of the pizza business and jumped into the swimming pool industry last quarter. The famed investor's conglomerate bought a slice of Domino's Pizza worth $549 million at the end of September, a portfolio update revealed Thursday. Buffett and his team also purchased just over 1% of Pool Corp. — a wholesale distributor of swimming pool supplies and related products. Buffett owning a piece of Domino's Pizza seems fitting given his insatiable appetite for fast food and the companies that produce it such as Berkshire-owned Dairy Queen.

Persons: Warren, Berkshire Hathaway, —, Buffett, Kraft Heinz, Todd Combs, Ted Weschler Organizations: Berkshire, Corp, Apple, Bank of America, Service, Pool Corp, Nu Holdings, Charter Communications, American Express, Kraft Locations: Berkshire

☆ 'Big Short' investor Michael Burry boosts Alibaba, Baidu, and JD.com bets as he doubles down on China
▼ + stars: | 2024-11-14 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The "Big Short" investor raised his stakes in Alibaba, Baidu, and JD.com but also hedged the wagers. Burry didn't add any new names to his stock portfolio but exited a couple in the period. AdvertisementMichael Burry doubled down on three of China's biggest technology companies last quarter, boosting his stakes while carefully hedging his bets. The investor of "The Big Short" fame bolstered his Alibaba position by 29% to 200,000 shares worth around $21 million at the end of September, a quarterly portfolio filing revealed on Thursday. The Scion Asset Management boss doubled his JD.com stake to 500,000 shares worth $20 million at quarter end, and purchased put options on the same number of shares.

Persons: Michael Burry, —, bearish, Trump, aren't, He's, Burry Organizations: Baidu, Service, Scion Asset Management, Molina Healthcare, Shift4, Hudson Pacific Properties, American Coastal Insurance, GameStop, Nasdaq, Apple, Nvidia Locations: Alibaba, BioAlta, TheRealReal

☆ Elon Musk is close to breaking his $340 billion wealth record as Tesla stock keeps rising
▼ + stars: | 2024-11-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Elon Musk is close to setting a new wealth record following a Tesla stock surge since the election. Musk's net worth hit roughly $342 billion in Tuesday's premarket, exceeding his 2021 peak. AdvertisementElon Musk is close to breaking his wealth record following Tesla's postelection rally. The world's richest person gained almost $21 billion on Monday as Tesla stock jumped 9%, boosting his net worth to $335 billion, per the Bloomberg Billionaires Index. AdvertisementTesla stock was up 41% for the year at Monday's close, leaving it some way off its record close of $410 on November 4, 2021.

Persons: Elon Musk, —, Tesla's, Jeff Bezos, Donald Trump's, Mark Malek, Siebert, Trump, Warren Buffett's, Berkshire Hathaway Organizations: SpaceX, Service, Bloomberg, PAC, Associated Press Locations: premarket, Monday's, Berkshire, Musk's

☆ Matthew McConaughey says chasing wealth can leave you lost and alone — and he'd be happy with 1/50th of his fortune
▼ + stars: | 2024-11-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Devoting your life to making money can leave you lonely and aimless, Matthew McConaughey says. The actor warned against chasing cash at the cost of relationships and other valuable parts of life. AdvertisementPeople who spend their whole lives trying to get as rich as possible risk winding up lost and alone, Matthew McConaughey says. The actor said he loves money and what it lets him provide for his family, his wife, and himself. AdvertisementMany rich people have said there's more to life than accumulating wealth and material possessions, and have warned against losing sight of what truly matters.

Persons: Matthew McConaughey, Warren Buffett, —, McConaughey, he's, Elon Musk, It's, Trump, Camila Alves McConaughey, Rick Kern, Berkshire Hathaway Organizations: Service, Dallas Buyers, Berkshire

CNN —More than 80 people have been killed in Israeli strikes in Lebanon and northern Gaza since late Saturday, according to reports. A man walks on rubble near damaged buildings, in the aftermath of Israeli strikes on Beirut's southern suburbs, during a Hezbollah media tour on November 9, 2024. Separately in northern Gaza, at least 41 people died when Israeli strikes hit two homes early on Sunday morning, according to the director general of the Ministry of Health in the enclave. International NGO Save the Children said in a post on X that parents, children and grandchildren were among those killed in Israeli strikes on the Jabalya residence. Dawoud Abu Alkas/ReutersPalestinians check the rubble of the Alloush family's house, levelled in an Israeli strike in Jabalya in the northern Gaza Strip on Sunday.

Persons: Simon Abi Ramia, Israel, Mohamed Azakir, Nael Chahine, NNA, Deir Qanoun, Tair Harfa, ”, Muneer Alboursh, Hossam Abu Safiya, Kamal Adwan, ” Safiya, Alboursh, Dawoud Abu Alkas, Omar Al, Biden Organizations: CNN, National News Agency, Lebanon’s Health Ministry, Rissala Scouts Association, Israel Defense Forces, IDF, Sunday, Ministry of Health, NGO, Kamal, Getty, Health Locations: Lebanon, Gaza, Almat, Debaal, Tyre, Khiam, Beirut, AFP, Deir, Hanawaih, Majdal, Baalbek ., “, Jabalya, Gaza City, Al, Ahli, United States, Israel

☆ Israel’s Netanyahu acknowledges pager attack, says he sees ‘eye-to-eye’ with Trump on Iran
▼ + stars: | 2024-11-10 | by ( Eugenia Yosef | ) edition.cnn.com time to read: +5 min

Israeli media interpreted the phrasing as implicit criticism of Israel’s military leadership and intelligence establishment, as well as then-Defense Minister Yoav Gallant, whom Netanyahu fired on Tuesday. The Israeli government is facing multiple criminal probes, including over allegedly leaking falsified intelligence reports to the international media. ‘Very good’ talks with TrumpThe acknowledgment of the pager attacks came as Netanyahu said he had spoken three times in recent days with US President-elect Donald Trump. Mohamed Azakir/ReutersNetanyahu also referred to events in the Netherlands last week, when Israeli football fans were subjected to antisemitic abuse and violence. Israelis have also been warned to stay away from protests and demonstrations and to “take extra care to conceal identifying Israeli/Jewish symbols.”

Persons: CNN — Israel, Benjamin Netanyahu, Hassan, Nasrallah, Israel, –, Yoav Gallant, Netanyahu, pagers, Gallant, “, Shin, ”, ‘, Trump, Donald Trump, Israel –, Mohamed Azakir, —, ” Netanyahu Organizations: CNN, Minister’s, Ramat, David Air Force, Israel, American University of, American University of Beirut Medical Center, International Court of Justice, Criminal, National Security Council, NSC, Israel soccer Locations: Lebanon, Israel, United States, American University of Beirut, Netherlands, of Israel, The Hague, Amsterdam, Belgium, United Kingdom, France, Paris

☆ Voters worldwide are angry about higher prices and keep punishing those in power
▼ + stars: | 2024-11-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Incumbent governments have been punished in Britain, France, India, Japan, South Korea, and elsewhere. The near-universal shift away from Democrats echoes voters' rejection of incumbent political parties across the world this year. South Africa's African National Congress (ANC) party lost its majority. Similarly, Deutsche Bank's Reid wrote that voters are disappointed by how slowly their lives are improving amid cooler economic growth. He said they don't buy that incumbents can tackle immigration, some incumbent governments have had scandals, and voters have become "much more willing to change their vote from election to election."

Persons: Donald Trump's, Kamala Harris, —, Donald Trump, Biden, Harris, Narendra Modi, Korea's Democrat Party snagged, Jim Reid, Tina Fordham, Louis Perron, Deutsche Bank's Reid Organizations: Service, Democratic, Britain's Labour Party, Conservative Party, Rally, Japan's Liberal Democratic Party, Indian, Korea's Democrat Party, National Congress, ANC, Deutsche Bank, Fed, Bank of England, European Central Bank, CNN, Win, Deutsche Locations: Britain, France, India, Japan, South Korea, London, Tokyo, Seoul, Cape Town, Washington, Gaza, country's, South, Ukraine

☆ Why the election felt like the 2021 meme stock rally — but way bigger
▼ + stars: | 2024-11-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

The US election showed shades of the meme stock mania of early 2021. Ron DeSantis' Presidential Announcement with Elon MuskSimilarly, in February 2021, Cuban thanked members of Reddit's WallStreetBets forum for "changing the game" and "taking on Wall Street." Wall Street traders watched the swings in election betting markets to assess the state of the presidential race and inform their investments, Malek added. Trump Media & Technology Group, the parent company of Truth Social which counts the president-elect as its majority shareholder, unites several of these ideas. AdvertisementThere are clear parallels between the meme stock mania of early 2021 and the social-media chatter and betting-platform activity going into the election.

Persons: Elon Musk, Mark Cuban, —, Musk, Trump, Ron DeSantis, Cuban, Reddit's, dogecoin, Kamala Harris, It's, Neil Wilson, Keith, Gill, Young, Joe Rogan, Mark Malek, Siebert, Malek, Naeem Aslam, Tesla, Dan Coatsworth, AJ Bell Organizations: Service, GameStop, Florida Gov, Elon, Democratic, Trump, WSB, Wall Street, titans, Wall, Zaye, Markets, Trump Media & Technology Group, Truth, White Locations: America, Florida, Polymarket, WallStreetBets, . Washington

☆ The best writing online about why Trump won, why Harris lost, and what it all means
▼ + stars: | 2024-11-08 | by ( Theron Mohamed | Erin Snodgrass | ) www.businessinsider.com time to read: +20 min

Commentators and academics have been weighing in on why Donald Trump won the US election. The images of him bleeding after a failed assassination attempt became the symbol of what supporters saw as a campaign of destinyHow Mr. Trump won is also the story of how Ms. Harris lost. Laurel Duggan, UnHerdWhy white women stuck with TrumpAdvertisementThe abortion issue had seemingly little impact on Republicans's performance with white women in this cycle. Nate Silver, founder of FiveThirtyEight and author of the Silver Bulletin newsletterSilver republished a lengthy blog post from late October with the new title "24 reasons that Trump won." Nate Silver offered up 24 reasons why Trump won.

Persons: Donald Trump, —, There's, Donald Trump's, They've, Kamala Harris, Frank Bruni, Let's, Harris, aren't, Hannibal Lecter, Trump, Allysia Finley, Taylor Swift, Taylor, Swift, they'd, I'd, Sarah Baxter, Mueller, Francis Fukuyama, Ankush Khardori, Politico Trump, Shane Goldmacher, Maggie Haberman, Jonathan Swan, MAGA, Biden's, John Burn, Alexandra Ulmer, Gram Slattery, Elon Musk, Jim VandeHei, Mike Allen, Axios, David Weigel, Annie Lowrey, Biden, Gerard Baker, Hitler, Laurel Duggan, UnHerd, Sen, Chuck Schumer, Todd Landman, Evan Vucci Steve Hanke, Ronald Reagan, Steve Hanke, Reagan, Steve Hanke Nate Cohn, Tina Fordham, Trump's, Nate Silver, FiveThirtyEight, AP Matthew Yglesias, Yglesias, overperform electorally, Dominic Sandbrook, Sandbrook, Hillary Clinton, Tom Williams, Eric Cortellessa, Musk, Eric Cortellessa's Organizations: Service, Democratic, The New York Times Democrats, Trump, Street, Democrats Get, demeaned, Democrats, Financial, Republican, Biden, The New York Times, Trump Won, Republican Party, Britain's, Reuters Trump, White, Republicans —, Trump Republicans, Semafor, The Atlantic Voters, The, Democrat, Republicans, University of Nottingham, AP, Johns Hopkins University, Silver Locations: Trump, Ukraine, White, London, Florida, South Dakota, Arizona, Pennsylvania, Philadelphia, Ohio, Illinois, Wisconsin, Washington, New York City, San Francisco, Israel, California

☆ What the world’s largest tech event told us about the innovations of tomorrow
▼ + stars: | 2024-11-07 | by ( ) edition.cnn.com time to read: +7 min

From AI healthcare solutions to groundbreaking mobility and cybersecurity tech, GITEX GLOBAL 2024 showcased innovations and industry shifts set to shape the future digital landscape. Hassan Alnaqbi, CEO of Khazna Data Centers, joins a panel discussion at GITEX GLOBAL 2024. Xpeng Aeroht's flying car prototype and Zapata's Airscooter on display at GITEX GLOBAL 2024. Confronting global challengesWith global cybercrime damage projected to hit $10.5 trillion annually by 2025, cybersecurity was a hot topic at GITEX GLOBAL 2024. Find out more about GITEX GLOBAL 2024 here.

Persons: GITEX, Hassan Alnaqbi, Denis Ledenkof, Robosculptor, ”, Shameer Khader, Salahaldeen AlMarzooqi, cybersecurity, Cybersecurity, Mohamed Al Kuwaiti, “, ” Todd Conklin, Siyuan Liu, Peng Xiao Organizations: Dubai World Trade, Khazna Data, GITEX, Oracle Health, Precision Medicine, Sanofi, Mobility, Transport Authority, Metro, Department, RTA, UAE Government, UAE, US Department of, Treasury, IoT, Strategy, Nissan Hyper Force Locations: cybersecurity, China

☆ 2 crypto tycoons are almost $15 billion richer after Trump's election victory
▼ + stars: | 2024-11-07 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Two crypto moguls' joint wealth rose by about $15 billion on the back of Trump's election victory. Binance's Chaopeng Zhao and Coinbase CEO Brian Armstrong added about $12 billion and $2.6 billion each. AdvertisementTwo cryptocurrency tycoons saw a near-$15 billion boost to their combined wealth on Wednesday as Donald Trump won the presidential election. One result was the world's 12 richest people grew more than $70 billion richer in a single day, per Bloomberg's wealth rankings. Exclude him and his 11 peers have grown a combined $505 billion richer this year — a figure that exceeds the market value of Oracle ($502 billion).

Persons: Binance's Chaopeng Zhao, Brian Armstrong, —, Donald Trump, Changpeng Zhao, Zhao, Elon, Binance, Elon Musk, Anthony Harvey, Kamala Harris, Musk, Larry Ellison, Berkshire Hathaway's Warren Buffett, Jeff Bezos, Bernard Arnault Organizations: Service, Bloomberg, Trump, Ethereum, Republican, Democratic, Oracle Locations: Solana, Berkshire

☆ The best writing we're finding around the web on why Trump won, Harris lost, and what it all means
▼ + stars: | 2024-11-06 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

Experts have been weighing in on why Donald Trump won the US election. AdvertisementThere's been an avalanche of analysis following Donald Trump's victory in the US presidential election on Wednesday, as experts sought to explain how the former president won a second term. They've offered a variety of reasons, ranging from a populist revolt against the elites to Vice President Kamala Harris' shortcomings as the Democratic candidate. Nate Silver, founder of FiveThirtyEight and author of the Silver Bulletin newsletterSilver republished a lengthy post from late October titled "24 reasons that Trump won." AdvertisementNate Silver offered up 24 reasons why Donald Trump won.

Persons: Donald Trump, —, There's, Donald Trump's, They've, Kamala Harris, Steve Hanke, Johns Hopkins University Hanke, Ronald Reagan, Reagan, Steve Hanke Nate Cohn, Trump, Tina Fordham, Nate Silver, FiveThirtyEight, Harris, AP Matthew Yglesias, Yglesias, overperform electorally, Dominic Sandbrook, Sandbrook, Hillary Clinton, Eric Corellessa, Musk Organizations: Service, Democratic, Johns Hopkins University, The New York Times, Silver, Trump, America, AP Locations: Washington, New York City, San Francisco, Israel, California

☆ The market is 'excited' about growth and productivity prospects, says Allianz's Mohamed El-Erian
▼ + stars: | 2024-11-06 | 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 EmailThe market is 'excited' about growth and productivity prospects, says Allianz's Mohamed El-ErianMohamed El-Erian, Allianz chief economic advisor, discusses Republican control of the Senate, Trump's momentum, and more.

Persons: Allianz's Mohamed El, Erian Mohamed El Organizations: Erian, Allianz, Senate

☆ Billionaire Ray Dalio says people should budget for the basics — and the US faces 3 huge threats
▼ + stars: | 2024-11-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Ray Dalio says identifying your basic needs and ensuring they're covered is key to a happy life. Dalio told a podcast that the national debt, political infighting, and foreign rivals threaten the US. AdvertisementRay Dalio says figuring out your fundamental needs and setting aside enough cash to cover them is key to solving money troubles. Higher inflation and interest rates have made the economy a key concern for voters ahead of the presidential election. Failing to unite the country could result in revolution and subpar management, which Dalio deemed the "greatest risk" from a political standpoint.

Persons: Ray Dalio, Dalio, —, Tom Bilyeu's, you've, They've, Donald Trump, Kamala Harris, who's Organizations: Service, Bridgewater Associates, Bloomberg, Republican, Democratic Locations: China, Russia

☆ Prepare for market volatility but don't panic trade, analysts say ahead of Election Day
▼ + stars: | 2024-11-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Market analysts predicted choppy trading and sharp swings going into the US presidential election. AdvertisementMarket analysts are braced for volatility ahead of Tuesday's presidential election as traders shuffled their bets on a Donald Trump or Kamala Harris victory. The drivers of market performance — economic growth, corporate earnings, and innovation — ultimately outshine the impact of political changes. The Trump trade is a stronger dollar, weaker bonds/ higher bond yields and stronger crypto. With one day left of this campaign, the dollar is falling, and the dollar index is at a two-week low.

Persons: Donald Trump, Kamala Harris, —, who'll, Naeem Aslam, Joshua Mahony, Harris, Hal Cook, Hargreaves, Kathleen Brooks, Trump Organizations: Service, Republican, Democratic, Federal Reserve, Zaye, Trump, FX Locations: Iowa, United States

☆ Warren Buffett's Berkshire Hathaway hoarded cash, sold stocks, and halted buybacks ahead of the election
▼ + stars: | 2024-11-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Warren Buffett signaled in Berkshire Hathaway's third-quarter earnings that he was being cautious. The investor built a record cash pile, slashed his two biggest stock bets, and halted buybacks. The legendary investor and his team sold $36 billion of shares and only made purchases worth $1.5 billion, marking their eighth straight quarter as net sellers. Related storiesNotably, Berkshire pared its bets on Apple and Bank of America, its two largest stock positions going into the quarter. Buffett has said that buybacks only make financial sense when a stock is trading at a discount to its intrinsic value.

Persons: Warren Buffett, —, Donald Trump, Kamala Harris, he's, Trump, aren't, Bershire, Buffett, Russ Mould, AJ, Mould Organizations: Berkshire Hathaway's, Service, Treasury, Apple, Bank of America Locations: Berkshire, payables

A woman in California is recovering in the hospital after a stranger and two deputies saved her from her burning home. “Soon as I arrived there, I started knocking on the door, knocking on the side,” Mohamed told NBC 7. First responders arrived just in time to find them and help Mohamed lift her out the window and even save one of her cats. I can’t talk. “As a man, you hear a woman — an old woman — screaming, burning, you know?” Mohamed said.

Persons: Nas Mohamed, Uber, Mohamed, ” Mohamed, ‘, ’, ’ ” Nas, ”, “, ’ ” Mohamed, —, Diego Sheriff’s, Matt Carpenter, ” Carpenter Organizations: NBC Locations: California, Vista, San Diego County, ”

☆ Hate crime, terrorism charges filed after Jewish man shot in ‘targeted’ attack
▼ + stars: | 2024-11-01 | by ( Nbc Chicago | ) www.nbcnews.com time to read: +5 min

Hate crime and terrorism charges were announced Thursday after a Jewish man was shot while walking to synagogue in Chicago over the weekend in what police now say was a “targeted” attack. On Thursday, Abdallahi was charged with an additional felony count of terrorism and one felony count of a hate crime, Chicago’s top cop, Supt. “We want everybody to know that we will never tolerate violence that’s rooted in hate and bigotry,” Snelling said during a press conference announcing the charges. “We are all working together to put an end to the hatred of our Jewish siblings.”Foxx noted that terrorism charges in such cases are rare. “Members of the Jewish Orthodox community are the most vulnerable to violent attacks,” Rabbi Sholomo Soroka said.

Persons: Sidi Mohamed Abdallahi, Abdallahi, Larry Snelling, “, ” Snelling, ., Debra Silverstein, Ward, Snelling, “ Allahu Akbar ”, ”, Chicago Mayor Brandon Johnson, Kim Foxx, Silverstein, ” Johnson, ” Foxx, ” Abdallahi, ” Silverstein, Sholomo Soroka, ” David Goldenberg Organizations: Police, West Rogers Park, Chicago Police, Fire, Jewish United Fund, Chicago Mayor, Civilian Office, Defamation League, Chicago Rabbinical Council, ADL, Federal Bureau, Investigation’s Chicago Division Locations: Chicago, . Farwell, West, Cook County, Agudath Israel, Illinois, “

☆ West Ridge synagogue: Chicago man faces multiple charges after officials say he shot a Jewish man
▼ + stars: | 2024-10-30 | by ( Michelle Watson | ) edition.cnn.com time to read: +7 min

The shooting victim was released from the hospital Saturday afternoon, according to Debra Silverstein, the alderman for Chicago’s 50th Ward, where the shooting occurred. Hate crime charges still a question markAs some Jewish leaders call for hate crime charges, police say they still need to interview the suspect and collect evidence before considering such charges. On Monday, Silverstein said she was upset with the lack of hate crime charges in the case. “The police have assured me that they are continuing to gather evidence, and additional charges – including hate crime charges – can still be added,” Silverstein said. Shoshanah Conover, Senior Rabbi of Temple Sholom also said the community is frustrated with the lack of hate crime charges.

Persons: Sidi Mohamed Abdallahi, Abdallahi, Debra Silverstein, Larry Snelling, Silverstein, –, ” Silverstein, ” Snelling, weren’t, “ Allah Akbar ”, Antoinette Ursitti, “, Snelling, “ There’s, ”, “ We’re, Shoshanah Conover, Temple Sholom, I’ve, ” Conover, Chicago Mayor Brandon Johnson, ” Sen, Dick Durbin, ” Durbin, ” CNN’s Dalia Faheid, Bill Kirkos, Whitney Wild Organizations: CNN, ”, Chicago, Ward, Chicago Police, “, Police, Chicago Mayor, Defamation League Locations: Chicago, Chicago’s, Cook, Illinois, ”, America

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