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☆ Jim Cramer's top 10 things to watch in the stock market Wednesday: Trump victory edition
▼ + stars: | 2024-11-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Donald Trump, Tesla, Elon Musk, Trump, Gary Gensler, Jim Cramer's, Jim Cramer, Jim Organizations: NBC, Senate, Treasury, Federal Reserve, Trump, Tesla, Club, Justice Department, Apple, DOJ, FTC, Microsoft, Taiwan Semiconductor Manufacturing Company, SEC, Jim Cramer's Charitable, CNBC Locations: China, Taiwan, Mexico

☆ History says US stocks have a 95% chance of finishing the year strong — no matter who gets elected
▼ + stars: | 2024-11-06 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

The S&P 500 has an outstanding track record after major rallies in the first 10 months. Here's why history and other key catalysts are on the market's side, according to Truist. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMore than seven decades' worth of data suggest that US stocks will end 2024 on a high note. Drawdowns are inevitable, as Lerner noted that the S&P 500 typically pulls back by 5% or more three times per year.

Persons: Stocks, —, that's, Keith Lerner, Truist, Lerner Organizations: Service, Bank of America, Federal, Fed

☆ I forced my kids to go on a 70-mile hike with me in California. It taught them what they're capable of.
▼ + stars: | 2024-11-06 | by ( Wendy Altschuler | ) www.businessinsider.com time to read: +6 min

Wendy Altschuler brought her three sons on a 70-mile hike along California's John Muir Trail. Her oldest son put his first aid course to good use while helping his little brother. On our JMT backpacking trip, we cooked meals together, filtered and treated water, set up our tents, and marveled over the day's explorations. Altschuler's oldest son caught, gutted, and cooked a fish. Wendy AltschulerLessons learnedIn the backcountry, after a long time spent casting and hoping, my oldest son caught, gutted, and cooked a fish.

Persons: Wendy Altschuler, John, —, California's John Muir, you've, Conan O'Brien Organizations: Service Locations: John Muir, California's

☆ We're pocketing a gain in a disappointing stock — and would be buyers in another
▼ + stars: | 2024-11-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Following the trade, Jim Cramer's Charitable Trust will own 325 shares of HON, decreasing its weighting to 2% from 2.45%. With Honeywell shares rallying Wednesday alongside other industrials as part of the "Trump Trade," it's an opportunity to sell into strength a stock that has disappointed. We will realize a small gain of about 2% on stock purchased in late 2021. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jim Cramer's, Donald Trump, Morgan Stanley, Jim Cramer, Jim, Republican Donald Trump, Andrew Kelly Organizations: Honeywell, Republican, U.S, NBC, Trump Trade, CNBC, Home Depot, New York Stock Exchange Locations: Wells Fargo, Depot, U.S, New York City

☆ Elon Musk's Grok AI was pretty excited Trump won the 2024 election. Here's what else AI chatbots had to say.
▼ + stars: | 2024-11-06 | by ( Helen Li | ) www.businessinsider.com time to read: +7 min

AdvertisementThe 2024 presidential election has been called, and this year voters had the option to follow along with AI-enabled search tools. AdvertisementOpenAI's ChatGpt-4o, Perplexity AI, Google Search and Google Gemini, Microsoft's consumer CoPilot, and X's Grok were prompted with the following questions:Who will win the presidential election? Who won the presidential election? The top of the AI search results included the latest news articles about the election and a ticker for the Electoral College. Perplexity AI's election tool answers a question about the 2024 Presidential election.

Persons: ChatGPT, Copilot, —, OpenAI's, X's Grok, Elon, Grok, Douglas Adams, Elon Musk, Helen Li, Perplexity, Kento Morita, Morita Organizations: Google, Service, Associated Press, Reuters, Business, Trump, Microsoft, Gemini, Electoral College

☆ Elon Musk wins big by betting on Trump
▼ + stars: | 2024-11-06 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

Elon Musk used his money, power, and influence to help reelect former President Donald Trump. Musk has spent months strengthening his ties to Trump, using his platform on X to advocate for him and investing over $130 million in pro-Trump efforts. Some suggested Musk's actions might be a risk-hedging strategy to secure Trump's backing if he wins. AdvertisementWhat a Trump win means for Musk's business empireAside from direct influence within the government, a Trump presidency could lead to a lot of wins for Musk's business empire, which includes Tesla, SpaceX, The Boring Company, Neuralink, and X. Coglianese said Musk was also "banking on a president who will want to or be willing to repay Musk for his loyalty."

Persons: Elon Musk, Donald Trump, Trump, Musk, —, Elon, Cary Coglianese, Erik Gordon, Gordon, Francesco Trebbi, Karoline Leavitt, Coglianese, it's, Carl Icahn, Icahn, Joan MacLeod Heminway, Heminway Organizations: Service, Trump, Business, Penn, University of Pennsylvania, University of Michigan's Ross School of Business, Department of Government, Securities and Exchange Commission, Twitter, SpaceX, The Boring Company, Tesla, University of California, Department of Defense, Environmental Protection Agency, University of Tennessee Locations: Pittsburgh, Pennsylvania, Texas, California, University of California Berkeley

☆ Capitol riot defendants are asking judges to halt their cases, saying Trump promised them pardons
▼ + stars: | 2024-11-06 | by ( Katie Balevic | Kenneth Niemeyer | ) www.businessinsider.com time to read: +5 min

Donald Trump said he'd pardon January 6 rioters if he won the presidential election. Carnell is one of those arrested in the aftermath of the Capitol riot who is now hoping Trump will follow through on a promise of a pardon. Advertisement"President-elect Trump made multiple clemency promises to the January 6 defendants, particularly to those who were nonviolent participants," the filing said. Related storiesThroughout his campaign, Trump described imprisoned January 6 defendants as "political prisoners" who were "ushered in" to the federal building by Capitol Police. "In the beginning, if he does something like that to a couple of defendants, yeah, you'll see a trend," Shapiro said.

Persons: Donald Trump, he's, —, Christopher Carnell, Carnell, Trump, Jaimee Avery, Avery, Mike Pence, Nadia Shihata, Kelly, Shihata, David Shapiro, John Jay, Shapiro Organizations: Service, Capitol, Justice Department, Capitol Police, National Association of Black Journalists, John, John Jay College of Criminal Locations: New York

☆ What a second Trump term means for Intel
▼ + stars: | 2024-11-06 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

He's also expressed opposition to the CHIPS Act, which Intel is counting on. Related Video How to invest in AI stocksTrump is a vocal supporter of US manufacturing, and Intel could benefit from this. Trump has been a vocal opponent of the Biden administration's CHIPS and Science Act and Intel insiders have noticed. With a Trump win, could the company miss out on a potential $8.5 billion in financial support from this legislation? Related stories"This country can become rich with the use, the proper use of tariffs," Trump told podcaster Joe Rogan recently.

Persons: Donald Trump's, He's, —, Trump, It's, Pat Gelsinger, Gelsinger, Biden, podcaster Joe Rogan, Ben Thompson, TSMC, Rogan Organizations: Intel, Service, Trump, Trump Administration, Biden, Act, Bloomberg, Commerce Department, Apple Locations: China, Taiwan

☆ I'm a divorce attorney for the rich and famous. Here are the biggest mistakes I've seen clients make.
▼ + stars: | 2024-11-06 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +5 min

Kristina Royce, a divorce attorney, says marriage should be treated like a business transaction. I've been a matrimonial lawyer for 23 years, representing high-net-worth individuals, including celebrities and entrepreneurs, who are navigating marriage or divorce. I help my clients navigate this process as smoothly as possible during the divorce, but their most impactful divorce decisions were made before they even got married. AdvertisementBefore marriage: create financial intimacyI believe a successful marriage requires three types of intimacy: sexual, emotional, and financial. Speaking to a divorce lawyer can help break down the communication barrier and ensure each person is educated about their rights and what they own.

Persons: Kristina Royce, Royce, —, It's, I've, doesn't, Tess Martinelli Organizations: Service Locations: Los Angeles, tmartinelli

☆ Googlers poke fun at a policy against making election memes — by making memes
▼ + stars: | 2024-11-06 | by ( Hugh Langley | ) www.businessinsider.com time to read: +3 min

There's just one problem: they aren't allowed to make political posts, so they're being creative. As the 2024 US election unfolded, Googlers have taken to the company's internal message board — a meme generator named Memegen — to express their feelings. One of the top Memegen posts on Wednesday was a picture of a fake newspaper named "The Memegen," with the headline, "Nothing Happened. Related storiesTwo former Googlers built Memegen in 2010 as a way for employees to vent about work, life, and even their C-suite. Earlier this year, after employees used Memegen to share their thoughts on the war in Gaza, Google barred staff from making political posts, several employees told BI.

Persons: There's, Sundar Pichai, —, Raya, Sisu, Googlers, Breitbart, Donald Trump's, Sergey Brin Organizations: Google, Service, Business, BI Locations: Disney's, Gaza

☆ 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

Business leaders have been reacting to Donald Trump's presidential election victory. Silicon Valley was politically divided in the run-up to the election. Throughout the campaign, Silicon Valley has been divided on which candidate to back. Although Silicon Valley has historically leaned left, some of tech's biggest names, including Tesla CEO Elon Musk and venture capitalist David Sacks, tilted right this election season. Here is what some of the wealthiest and most influential business figures have to say about the election outcome.

Persons: Donald Trump's, —, Elon Musk, David Sacks, Harris, VCs, Trump, Joe Biden's Organizations: Service, Fox News, CNN, Trump, Electoral, Tesla, Labor Locations: Silicon, Ukraine

☆ The world prepares for a fresh era of tariffs under Trump 2.0
▼ + stars: | 2024-11-06 | by ( Polly Thompson | ) www.businessinsider.com time to read: +7 min

During his first term, Trump imposed tariffs on key industries in both Europe and China. AdvertisementThis time around, analysts told BI that Trump's policies could have a particular impact on Europe. Related storiesEurope is particularly vulnerable to Trump's aggressive trade policies for two main reasons, said Nigel Green, CEO of financial advisory firm deVere Group. AdvertisementDonald Trump met European Commission President Ursula von der Leyen at the World Economic Forum in Davos in 2020. Steven Kennedy, the most senior civil servant in Australia's Treasury department, said Wednesday he expected Trump's tariffs to impact the country's economy.

Persons: Donald Trump's, Trump, —, Donald Trump, Bilal Hafeez, Nigel Green, Green, Morningstar, Trump's, Michael Brown, Ursula von der Leyen, JIM WATSON, Steven Kennedy, Kennedy, Fitch, Latinvex Organizations: Service, European Union, Macro, Economic, of Chicago, Street Journal, deVere, Pharmaceuticals, Morningstar DBRS, Trump, stoke, European, Getty, European Commission, Treasury, News.com.au Locations: Europe, China, Ukraine, Davos, Australasia, Latin America, America, Mexico

☆ JPMorgan execs call for unity in a memo to staff on Trump's victory
▼ + stars: | 2024-11-06 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

JPMorgan CEO Jamie Dimon congratulated Donald Trump on winning the White House. In a memo to staff, Dimon and other top JPM executives called for "bringing our nation together." On Wednesday, JPMorgan CEO Jamie Dimon weighed in to say the time has come to band together as a nation. In a memo to staff, members of the bank's operating committee, including Dimon, congratulated Trump before recalling Dimon's comments from Election Day about national unity. AdvertisementRead the full contents of the Wednesday memo from JPMorgan's Operating Committee about Trump's victory below.

Persons: Jamie Dimon, Donald Trump, Dimon, —, Donald Trump's, Kamala Harris, Trump, Jamie, Diana Frost, Kraft Heinz, Judith Kent, Harris, Walz, Kent, Goldman Sachs, David Solomon, JD Vance, Ashley Bacon, Jeremy Barnum, Lori Beer, Tim Berry, Mary Erdoes, Wealth Management Stacey Friedman, Teresa Heitsenrether, Marianne Lake, Consumer & Community Banking Robin Leopold ,, Doug Petno, Global Banking Jenn Piepszak, & Investment Bank Daniel Pinto, JPMorgan Chase Troy Rohrbaugh, & Investment Bank Sanoke Viswanathan, Reed Alexander Organizations: White, Service, Wednesday, JPMorgan, Dimon, Wells, Wall Street, Wealth Management, Consumer & Community Banking, Human, Global Banking, & Investment Bank, International Consumer Locations: Wall, United States, Washington ,, Wells Fargo, Michigan

☆ Many Gen Z voters struggle to sign their names. That's becoming a problem as they cast their ballots.
▼ + stars: | 2024-11-06 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

Gen Z voters who struggle with cursive could slow the vote count, Nevada's secretary of state said. He attributed higher numbers of problematic mail ballots to young voters without signatures. States in the US require a voter's signature on mail and absentee ballots, and several states require additional verifications, including comparing that signature to the voter's signature on file. As the state continues to process mail ballots this week, those figures — which are already higher than in 2020 and 2022 — are expected to increase. Hundreds of thousands of mail ballots, or about 1%, were rejected across the country during the 2022 midterm elections, NPR reported at the time.

Persons: —, State Francisco Aguilar, Aguilar, haven't, Debra Cleaver, Cleaver Organizations: Service, Nevada, State, New York Times, DMV, National Conference of State Legislatures, Times, NPR Locations: Clark, Washoe County, States, Clark County, Nevada, California, Louisiana

☆ Goldman CEO Solomon reacts to Trump's win, vows to work with the new administration 'in support of sound policies'
▼ + stars: | 2024-11-06 | by ( Reed Alexander | ) www.businessinsider.com time to read: +4 min

Goldman Sachs CEO David Solomon on Wednesday commented on Donald Trump's election victoryIn a memo to staff, he said that the bank looks forward to working with Trump on "sound policies." AdvertisementGoldman Sachs CEO David Solomon spoke out Wednesday on the election of Donald Trump as the 47th president of the United States. In a memo to the firm's workforce, Solomon congratulated Trump, who defeated Vice President Kamala Harris in a decisive victory. He said the firm was looking "forward to working with the new administration in support of sound policies that enhance economic growth and financial stability." Related Video How Twitter panic took down Silicon Valley BankMayo also expects a Trump administration to boost dealmaking, including M&A and IPOs — potentially to record levels.

Persons: Goldman Sachs, David Solomon, Donald Trump's, Trump, —, Donald Trump, Solomon, Kamala Harris, Mike Mayo, Mayo, Read, –, David, Emmalyse Brownstein, Reed Alexander Organizations: Trump, Service, Valley Bank Mayo, Global Banking, Markets, Asset, Wealth Management Locations: United States, Wells Fargo, Valley

☆ I renovated my backyard for my son's wedding. The $40,000 investment paid off when we sold the house years later.
▼ + stars: | 2024-11-06 | by ( Chris Mott | ) www.businessinsider.com time to read: +6 min

I spent 11 months fixing up our house so my son could get married in our backyard. The author decided to host his son's wedding in his backyard to save costs. Over the next 11 months, the four of us worked tirelessly to create the perfect wedding venue. The author redid his whole backyard for his son's wedding. AdvertisementThe author's backyard before and during his son's wedding.

Persons: —, Mikayla, they'd, I'd, we'd Organizations: Service, Bobcat, Craigslist, Army Locations: That's, Southern California, Yorba Linda, Sage, Georgia, Washington state

☆ Trump's first 2 years will be shaped by who wins the House. We may not know the outcome for days.
▼ + stars: | 2024-11-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

We still don't know who will control the House next year, and it could take days to count votes. But we still don't know who controls the House of Representatives, and the outcome will have major implications for the first two years of Trump's second term. "As more results come in it is clear that, as we have predicted all along, Republicans are poised to have unified government in the White House, Senate, and House," said House Speaker Mike Johnson in a statement on Wednesday morning. A Democratic House would be a major constraint on Trump's powerHistorically, newly elected presidents have typically enjoyed unified government at the beginning of their terms. Allowing those provisions to simply expire would cause most Americans to experience a major tax hike.

Persons: Trump, —, Donald Trump, Mike Johnson, George H.W, Bush, Joe Biden Organizations: GOP Senate, Service, Republicans, Representatives, Senate, Democratic, House, Trump Locations: New York, Alabama, Pennsylvania, Michigan, North Carolina, California, Ukraine

Markets: The post-election rally on Wall Street continued into afternoon trading, with the Dow Jones Industrial Average jumping 3.4%, or roughly 1,450 points, and the S & P 500 advancing 2.4%. It's worth noting, the stock market was reacting like Jim Cramer said it would in his Sunday column . The one thing markets hate is uncertainty, and Wednesday's rally can be attributed, in part, to relief that Wall Street professionals and individual investors alike know where they stand and what to expect from the country's next president. Bond yields move inversely to prices, and a basis point is equal to 0.01%. "You have to be very careful to respect the bond market if you do any buying today," Jim said.

Persons: Jim Cramer, Donald Trump, Kamala Harris, Morgan Stanley, Jim, It's, Yun Li, Trump, Harris, Jerome Powell's, we'll, Jim Cramer's Organizations: CNBC, ., Wall, Dow Jones, Trump, Republican, NBC, Senate, NBC News, Wells, BlackRock, Energy, Coterra Energy, Honeywell, Federal, White, Arm Holdings, Qualcomm, Bros, Moderna, Barrick Gold, Halliburton, Hershey, Air Products, Chemicals, Warner Bros ., Jim Cramer's Charitable

☆ Trump's victory shows the flagging influence of mainstream media
▼ + stars: | 2024-11-06 | by ( Lindsay Dodgson | Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

The 2024 election may have shown the mainstream media is losing its grip on political commentary. AdvertisementThe campaigns in this year's presidential election have shone a light on the waning influence of mainstream media. AdvertisementWhile mainstream media outlets are establishing growing audiences on apps like TikTok, young people still tend to get their news from influencers and non-legacy media accounts. Doug Eldridge, founder of Achilles PR agency, told BI that legacy media outlets will use the election to reassess their next steps. "Much like the dinosaurs, the legacy media will either adapt or become extinct."

Persons: —, Brett Spencer, Harris, Trump familiarized, Joe Rogan's, Paul Reilly, Rogan, Trump, Elon Musk, Alex Cooper's, Kamala, Brandon Harris, Edison, There's, Jessica Coen, Jess Rauchberg, Doug Eldridge, Achilles, Eldridge Organizations: Service, City St, University of London, Trump, Newsweek, University of Glasgow, X, Journalism, Creative Media, University of Alabama, Pew Research Center, News Locations: City, City St George's, TikTok

☆ Mark Cuban congratulates Trump — and Elon Musk — on winning the White House before the race is called
▼ + stars: | 2024-11-06 | by ( Alice Tecotzky | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Mark Cuban, a key Harris surrogate, congratulated Trump in a post on X before the race was called. Cuban also congratulated Elon Musk — who's been a major Trump donor and staunch GOP supporter. AdvertisementVote counting is still underway, but Mark Cuban, a key campaign surrogate for Vice President Kamala Harris, has called the race for her opponent, former President Donald Trump. In an X post on Wednesday, Elon Musk, one of Trump's most vocal supporters, said the former president had been given a "crystal clear mandate for change." Representatives for Cuban and the Harris campaign did not immediately respond to requests for comment from Business Insider.

Persons: Mark Cuban, Trump, Harris, Cuban, Elon Musk, —, Kamala Harris, Donald Trump, Joe Biden's, Elon, Cedric Richmond, Walz campaign's, Richmond Organizations: Trump, GOP, Service, Democratic, White, Howard University, Cuban, Business Locations: Arizona , Michigan, Wisconsin, America

☆ I ditched my car and hopped on a train to the Grand Canyon. Getting there took twice as long, but the $80 ride was worth it.
▼ + stars: | 2024-11-05 | by ( Monica Humphries | ) www.businessinsider.com time to read: +1 min

Last year, I was sick of driving during a road trip, so I hopped on the Grand Canyon Railway. The train departs from Williams, Arizona, and drops travelers off at the park's South Rim. The ride took twice as long as driving would've, but it was a new way to explore a national park. AdvertisementBy the time I reached Williams, Arizona, my hands felt permanently bound to my van's steering wheel. It was only day four of my 13-day road trip.

Persons: —, ProMaster van Organizations: Railway, Service Locations: Williams , Arizona, Williams, Arizona

☆ How Kamala Harris' style has changed throughout her career
▼ + stars: | 2024-11-05 | by ( Amanda Krause | ) www.businessinsider.com time to read: +2 min

Kamala Harris has a lengthy political career accompanied by a professional style evolution. Designers have said that the vice president's fashion speaks to her strong will and consistency. When Harris was elected district attorney of San Francisco in 2003, she was seemingly still finding her style. "Her style is reflective of her leadership: strong, polished, and always intentional," designer LaQuan Smith, who has dressed Harris, told The Washington Post about the vice president. Related Video Kamala Harris called a 'diversity hire' and an 'escort' by Republicans after Biden's endorsementHere's a look at her earlier fashion moments, what she's been wearing on the campaign trail, and how her style has evolved.

Persons: Kamala Harris, She's, —, Harris, LaQuan Smith, she's Organizations: Service, Washington Post, Republicans Locations: United States, San Francisco, California

☆ US embassies are holding off on election watch-night parties, fearing they could get awkward
▼ + stars: | 2024-11-05 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

Some US embassies in Europe are skipping traditional election-night viewing parties. Similarly, Politico spoke to then-Ambassador Anthony Gardner, who hosted a 2016 viewing party at the US Embassy in Brussels. A senior diplomat in Europe, who was not named, told Politico that the 2016 embassy events had been "calamitous." There's another, more practical reason some embassies may be forgoing a traditional viewing party. AdvertisementSimply put, the outcome may not be clear on election night — it could drag on for days or possibly weeks.

Persons: —, Kamala Harris, Donald Trump, Samantha Power, Madeleine Albright, Gloria Steinem, Hillary Clinton, Anthony Gardner, Trump, There's Organizations: Service, Politico, United Nations, UN, HBO, Trump, White Locations: Europe, London, Paris, Brussels, Berlin, Rome

☆ Palantir CEO says the company 'eviscerated' sales so hard execs have stopped talking about how 'crazy' he is
▼ + stars: | 2024-11-05 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

CEO Alex Karp said revenue growth was driven by AI demand in the US. AdvertisementPalantir CEO Alex Karp took a victory lap on Monday as the company reported big third-quarter earnings. "We absolutely eviscerated this quarter, driven by unrelenting AI demand that won't slow down," Karp, who co-founded Palantir in 2003, said in an earnings release. In a letter to shareholders that accompanied the earnings report, Karp said the US market was still the core of Palantir's business. The CEO added that Europe was being "left behind" in AI innovation and needed to adapt or "risk ruin."

Persons: Alex Karp, Karp, —, " Karp, unravels ChatGPT, it's Organizations: Service Locations: US, Palantir, New Hampshire, Silicon Valley, Europe

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