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☆ Tourists get a bird’s eye view of Trevi Fountain during restoration works
▼ + stars: | 2024-11-09 | by ( Antonia Mortensen | Barbie Nadeau | ) edition.cnn.com time to read: +3 min

Rome CNN —Rome’s baroque Trevi Fountain opened Saturday morning with selfie-takers lining a newly installed metal walkway, as workers start the painstaking process of carefully cleaning the 18th-century masterpiece. But a warning to those visiting the attraction because tossing a coin into the fountain, a long-standing tradition, is now banned. The $330,000 cleaning and restoration project will last until December, Rome Mayor Roberto Gualtieri told CNN in an interview Saturday morning. He said that will also make the experience better for tourists, many of whom seem happy to pay the price. The mayor has promised that the Trevi Fountain will be ready in just five weeks this time.

Persons: Rome, Rome CNN —, Trevi, Roberto Gualtieri, ”, “, Andreas Solaro, Gualtieri, Arlene Speling, Christoph Sator Organizations: Rome CNN, Rome, CNN, Catholic, Caritas Locations: AFP, Florida, Rome, Eternal

☆ These stocks have major upside because of potential Trump policies, analysts say
▼ + stars: | 2024-11-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

CNBC Pro combed through the most recent Wall Street research to find companies analysts really like heading into 2025 based on potential Trump policies. They include General Motors, Ford Motor, Robinhood , Coinbase , GE Aerospace and Goldman Sachs. "We see F and GM as the main beneficiaries from the Trump administration," analyst John Murphy wrote. GE Aerospace The aerospace company has pricing power, according to Deutsche Bank analyst Scott Deuschle, who says GE can benefit under a Trump administration. "Additionally, we think GE could be among the largest beneficiaries of this potential trend within our aerospace coverage," Deuschle said.

Persons: Donald Trump's, Goldman Sachs, Trump, John Murphy, Murphy, Robinhood Needham, John Todaro, Todaro, Coinbase, Scott Deuschle, Deuschle, Coinbase – Needham, – Needham, HOOD, Wells Organizations: White, CNBC, General Motors, Ford Motor, GE Aerospace, Ford, General Motors Bank of America, Trump, GM, Senate, Deutsche Bank, GE, GOP White House, GM – Bank of America, SEC, GE Aerospace – Deutsche Bank, GS Locations: Mexico

☆ How prediction markets saw something the polls and pundits didn’t
▼ + stars: | 2024-11-08 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

The basic theory behind prediction markets is that a lot of people with money on the line can better predict an outcome than any one expert. “Financial markets are generally pretty efficient, and the evidence suggests that the same is true of prediction markets,” Eric Zitzewitz, an economics professor at Dartmouth, tells me. The shares trade between $0 and $1, and once the event is resolved, shares tied to the correct outcome pay out a dollar. If you bought Trump shares on Monday, when they were 58 cents, you can expect to make 42 cents on the dollar. Later that fall, the popular betting market PredictIt gave Hillary Clinton an 82% chance of beating Donald Trump.

Persons: CNN Business ’, pollsters, Donald Trump’s, Trump, Kamala Harris, PredictIt, Eric Zitzewitz, “, aren’t, Taylor Swift, Travis Kelce, You’re, Shayne Coplan, Harris, Coplan, ” Zitzewitz, ”, “ Brexit, Hillary Clinton, Donald Trump, Clinton, Nate Silvers, Ann Selzers, FiveThirtyEight Organizations: CNN Business, New York CNN, Wednesday, “, Dartmouth, Chiefs, Lions, Ravens, Trump, Bloomberg, CNBC, European Union Locations: New York, America, United Kingdom

☆ 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

☆ 'I got it wrong': Anthony Scaramucci tells BI 4 key reasons why Donald Trump won
▼ + stars: | 2024-11-08 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

He won the popular vote, he won the Electoral College vote, and so he's going to be president of the country." However, Scaramucci still believes Harris made some mistakes on messaging. 4 reasons why Trump won back the White HouseCandid as ever, Scaramucci settled on a quartet of reasons as to why Trump defeated Harris. Now that Trump appears to have won the popular vote, as well as the Electoral College, Scaramucci believes there are no more excuses for Democrats. He believes Trump critics, including himself, must take a hard look in the mirror before the next election.

Persons: Donald Trump, Kamala Harris, Harris, Scaramucci, —, Anthony Scaramucci didn't, Trump, he's, Elon Musk, I'm, Joe Biden, Barack Obama's, Stephen Colbert, she's Organizations: Service, House, Electoral, Trump, Biden's, FCC, MSNBC, CNN, Electoral College Locations: Pennsylvania, American, America

☆ BTIG's list of biggest Trump winners and losers
▼ + stars: | 2024-11-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

In addition, he has floated plans to reduce corporate tax rates to as low as 15% from 21%, and eliminate income tax on tips, Social Security and overtime pay. Those include reduced individual income tax rates and increased alternative minimum tax (AMT) exemption amounts. These stocks are among those BTIG sees as the biggest winners and losers from Trump's victory. Winners M & A and consolidation A Trump presidency likely means a more supportive environment for corporate consolidation, Boltansky said. That would be positive for names like HealthEquity, which BTIG rates a buy, and Webster Financial , he noted.

Persons: Donald Trump, BTIG, Isaac Boltansky, Trump, Boltansky, CoreCivic, MicroStrategy, Webster Organizations: White, ACA, Social Security, Trump, Discover Financial, Discover, Republican White, Geo, United States Marshals Service, Federal Bureau of Prisons, Geo Group, Webster Financial, HealthEquity, Everest Group Locations: United States, China

☆ Dogecoin and other memecoins surge as crypto traders position for a Trump election victory
▼ + stars: | 2024-11-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Memecoins surged early Wednesday on the back of election results that showed former President Donald Trump in a strong position to gain a second term. "Certain sectors that have buoyed prices, such as the renewed interest in memecoins, may experience major price movements as individual states report election results." In the lead-up to Election Day, memecoins and AI-related crypto tokens outperformed the overall crypto market. The sector of the crypto market is used as a measure of retail investors' risk appetite. The crypto market seemed to be positioning for a Trump victory Wednesday as investors monitored the results of the U.S. presidential election.

Persons: Memecoins, Donald Trump, Dogecoin, Shiba Inu, Chris Chung, Ryan Rasmussen, I'm, Trump, Chung, Elon, Nic Puckrin Organizations: Elon, Metrics, Titan, Solana, Bitwise Asset Management, CNBC, lotto, Trump, U.S, Securities, Exchange, of Government, Department of Government Locations: memecoins, bitcoin

Nobody was a bigger winner than Coinbase CEO Brian Armstrong. Coinbase shares soared 31% on Wednesday, their best day on record, as investors celebrated the company's victorious efforts to get pro-crypto candidates into office. "I am so grateful to Ohioans for their resounding support in this race," Moreno said in a statement Tuesday night. "I look forward to working with the new Republican Senate majority to fix our economy, secure our border, and return to American strength at home and abroad." "In the beginning, a lot of people didn't know what crypto was," Armstrong said of his earlier trips.

Persons: Brian Armstrong, Bryan van der Beek, Coinbase, Armstrong, Ohio Republican Bernie Moreno, Sherrod Brown, Bitcoin, Brown, Moreno, Donald Trump's, Ohioans, Gary Gensler, vociferously, Bernie Moreno, Stephen Maturen, Paul Grewal, Grewal, rulemaking Organizations: Coinbase Inc, Singapore Fintech, Bloomberg, Getty, Ohio Republican, Senate, Committee, Crypto, NBC News, Republicans, Republican, Republican Senate, Armstrong, Securities, Exchange, U.S, Brecksville, Center, CNBC, Trump, SEC Locations: Singapore, Washington, Brecksville , Ohio, United States

☆ These stocks are soaring off the Trump victory
▼ + stars: | 2024-11-06 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

That would mark a reversal from the Biden administration, which allowed migrants seeking asylum to legally work in the country while awaiting trial. A Trump administration is expected to approve Capital One's proposed merger with Discover Financial Services. Andrew Caballero-Reynolds/AFP/Getty ImagesGenerally, a Trump administration is expected to be more supportive of mergers and acquisitions compared to the Biden administration, which has sought to block many. Retail and green energy stocks falterWednesday wasn’t all good news for stocks, though. Trump is widely expected to repeal tax credits and other incentives President Joe Biden pushed for in the Inflation Reduction Act.

Persons: Donald Trump’s, Biden, It’s, Trump, Tesla Elon, Tesla, Donald Trump's, Elon Musk, Trump . Thibaut Durand, Hans Lucas, JPMorgan Chase, Jamie Dimon, Michael Barr, Goldman Sachs, Andrew Caballero, Reynolds, bitcoin, Joe Biden Organizations: New, New York CNN, Prisons, GEO Group, SpaceX, Trump ., Getty, Bank, JPMorgan, Federal, Citigroup, Discover Financial Services, Capital, Republican, JetBlue, Spirit Airlines, Trump, Mattel, Hasbro Locations: New York, AFP

Bitcoin, an asset tied to a Trump victory given the candidates courtship of the industry, soared to a record $75,000 . Heading into the election, investors and analysts pointed to several stocks and sectors that could benefit from a Trump win. Here's a roundup of some of those: Steel stocks If Trump regains the presidency, JPMorgan expects steel stocks to outperform . Related stocks that could outperform under a Trump victory include Nucor , Cleveland-Cliffs , Kaiser Aluminum and MP Materials , according to Peterson. Supporters of Trump have also used the stock as a way to invest in a Trump victory.

Persons: Donald Trump ., Trump, Kamala Harris, Here's, Bill Peterson, Peterson, UBS's, Goldman Sachs, Strategas, Lazard, Wolfe, Tesla, Elon Musk's, Marion Laboure, bitcoin, Nic Puckrin, David Zerzos, Zerzos, Marcelli, Seth Seifman, Russell, Joe Biden, IWM, —, Halliburton, Trump's, ULTA, Michael Bloom, Sean Conlon, Alex Harring, Fred Imbert, Pia Singh Organizations: U.S, NBC, Stock, Dow Jones Industrial, Trump, JPMorgan, Aluminum, Financials Bank of America, of America, UBS's Trump, UBS, Swiss, Citigroup, Citizens, Wolfe Research, GOP, Trump Media & Technology, Trump Media, ISI, Deutsche Bank, Investors, Jefferies, Military, Strategas, Gas Energy, Evercore ISI, Exxon Mobil, Halliburton, Companies Locations: Nucor, Cleveland, U.S, China, U.S . Southern

☆ 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

☆ The trader guide to the election: Which stocks Wall Street expects to benefit under Trump or Harris
▼ + stars: | 2024-11-05 | by ( Fred Imbert | ) www.cnbc.com time to read: +10 min

Generally, a Trump win is seen as positive for financials given a higher likelihood of deregulation for companies in the space. Traditional oil and gas names are also likely to benefit under a second Trump presidency. One is made up of stocks that benefit after a Harris win; the other would outperform under a second Trump presidency. However, a Harris win is expected to keep current regulation measures in place, and possibly introduce new ones. Private equity giants KKR and Blackstone would also benefit under a Trump win.

Persons: Kamala Harris, Donald Trump, Paul Gallant, Cowen, Gallant, Harris, Goldman Sachs, Daniel Clifton, Strategas, Andrew Garthwaite, Trump, Garthwaite, TAN, we've, Biden, Wells, Ike Boruchow, Boruchow, —, Russell, Joe Biden, Morgan Stanley, Crypto, isn't, Nic Puckrin, bitcoin, Marcelli, Financials, Wolfe, Chris Senyek, Lazard Organizations: Congress, U.S ., Trump, U.S . Trump, GOP, Democratic, CNBC Pro, Wall, Strategas, Enterprise, of America, Ford, UBS, Apple, Enphase Energy, Technologies Enphase, Exxon Mobil, Chevron, Trump Media & Technology, Trump Media, Cadence Bank, Viking Therapeutics, Bureau, CNBC, Wolfe Research, Lazard, Private, KKR, Blackstone, Evercore Locations: Washington, of America Cleveland, Cleveland, China

☆ Coinbase's big election bet is about to be tested
▼ + stars: | 2024-11-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +9 min

BlackRock's ETF chief Samara Cohen told CNBC that 75% of its bitcoin buyers are crypto investors who are new to Wall Street. Grewal told CNBC that he's had "many conversations" behind closed doors with both the Trump camp as well as Democratic Vice President Kamala Harris' campaign. Fairshake, one of the top spending PACs this cycle, told CNBC it's raised around $170 million this election and disbursed approximately $135 million. Ripple's head of U.S. public policy, Lauren Belive, told CNBC at a fintech conference in Las Vegas that the company was motivated by the SEC's overreach. WATCH: Bitcoin slumps to $67,000 level on eve of U.S. election: CNBC Crypto World

Persons: WASHINGTON —, Brian Armstrong shied, Armstrong, Coinbase, Gary Gensler, vociferously, Samara Cohen, Wells, Paul Grewal, Donald Trump, David Sacks, Grewal, Trump, he's, Gensler, Kamala Harris, Harris, Sen, Sherrod Brown, Bernie Moreno, Brown, Moreno, battlegrounds, It's, Shirzad, CNBC it's, Lauren, Alice, merch, Joe Lubin, Wiley Nickel Organizations: WASHINGTON, Capitol, CNBC, SEC, Washington, Trump, Republican, Democratic, Crypto Alliance, House, Ohio Senate, Crypto, Labs Locations: Washington ,, Washington, United States, San Francisco, Nashville, Ohio, Las Vegas

☆ Company executives are speaking out on Election Day: Starbucks' Howard Schultz calls for a peaceful transition of power
▼ + stars: | 2024-11-05 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +9 min

Business leaders are speaking out on Election Day — including Starbucks founder Howard Schultz. AdvertisementElection Day has finally come, and executives at some of the biggest companies are speaking out — with former Starbucks CEO Howard Schultz urging a peaceful transition of power and Elon Musk reiterating his support for Donald Trump to the end. Major players like Musk and Blackstone CEO Stephen Schwarzman have previously endorsed former President Trump. "Once every vote is counted and certified, we must accept the results of the election and ensure the peaceful transition of power," he said. In addition to re-posting several pro-Trump messages from other X users, Musk wrote a few election-related posts of his own.

Persons: Howard Schultz, Schultz, Elon Musk, Reid Hoffman, Harris, —, Donald Trump, Stephen Schwarzman, Trump, Mark Cuban, Kamala Harris, Insider's Bryan Metzger, he's, Howard Schultz Howard Schultz, Spencer Platt, Joe Biden, Hillary Clinton, Reid Hoffman Reid Hoffman, Kimberly White, Hoffman, " Hoffman, Marc Piasecki, Musk, Joe Scarborough, Vinod Khosla Vinod Khosla, Steven Ferdman, Vinod Khosla, Kamala, Khosla, Robert F, Kennedy Jr, Cantor Fitzgerald, Howard Lutnick Howard Lutnick, ANGELA WEISS, Howard Lutnick, Lutnick, Palmer Luckey Palmer Luckey, Oculus, Patrick T, Fallon, Palmer, Luckey, Walz, Andrew Bosworth, JOSH EDELSON, Getty Andrew Bosworth, Bosworth, Eli Lilly, Lockheed Martin, General Mills, Johnson Organizations: Starbucks, Trump, Service, Blackstone, Getty, LinkedIn, Greylock Partners, Liberty, SpaceX, Elon Musk Elon, Tesla, Pennsylvania, Billionaire, Sun Microsystems, Wall Street, Philadelphia Inquirer, Financial Times, Bloomberg, Anduril Industries, Meta, Big Tech, National Association of Manufacturers, General Motors, Penske, Panasonic Locations: Jerusalem, Fortnite, AFP

☆ Cryptocurrencies little changed as investors brace for U.S. presidential election, bitcoin hovers below $69,000
▼ + stars: | 2024-11-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Cryptocurrencies were slightly higher as investors looked forward to results from the U.S. presidential election. We believe bitcoin, being less than 0.1% of global financial assets, has enough headroom for growth regardless of election outcome." "A constructive crypto friendly SEC would open opportunity for all crypto assets beyond bitcoin," he said. And … if either side pushes towards a crypto friendly SEC. The Trump side has promised a crypto friendly SEC, while the Harris side has promised to defend ownership of crypto assets, although the crypto community would have preferred more specific crypto policy from Harris."

Persons: memecoins dogecoin, Shiba, bitcoin, Mara, Coinbase, Kamala Harris, Donald Trump, Harris, Bernstein, Gautam Chhugani, Chhugani, there's, Trump, Gary Gensler, Sen, Elizabeth Warren Organizations: U.S, Metrics, Solana, Mara Holdings, SEC, Trump, Securities and Exchange Commission Locations: bitcoin

☆ Trump’s social media stock spikes as America goes to the polls
▼ + stars: | 2024-11-05 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

Shares of Truth Social owner Trump Media & Technology Group spiked 13% on Tuesday morning. Trump Media is losing money and generates very little revenue. Its main product, conservative social network Truth Social, remains tiny. Trump Media, which trades under the stock ticker symbol “DJT,” has plenty at stake. If Trump loses the election, Trump Media has little to fall back on.

Persons: Donald Trump’s, Trump, bitcoin, Matthew Tuttle, It’s, ” Tuttle, ”, it’s, Gene Munster, I’m Organizations: New, New York CNN, Social, Trump Media & Technology Group, Traders, Trump Media, Trump Trade, Geo Group, White, Tuttle Capital Management, CNN, Paramount Global, CBS, Venture, Trump Locations: New York, Trump’s

☆ Bitcoin drifts near $69,000 on election night as crypto investors see choppy trading ahead
▼ + stars: | 2024-11-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

It is currently 5% off its all-time high, after trading near it last week. Stocks tied to the price of the cryptocurrency got a boost in earlier trading during regular stock market hours. Investors are expecting bitcoin trading to be choppy until a clear winner is declared. "Expect bitcoin – and crypto more broadly – to be choppy in the days ahead … until we have definitive election results." "For now, everyone we've spoken to is keeping their powder dry," said James Davies, CEO at crypto futures and options trading platform Crypto Valley Exchange.

Persons: bitcoin, Stocks, Kamala Harris, Donald Trump, Ryan Rasmussen, Rasmussen, Harris, Julio Moreno, James Davies, I've Organizations: U.S, Metrics, Investors, Bitwise Asset Management, Trump, Federal

☆ ‘The saddest thing I’ve seen in Italy’: Tiny Trevi Fountain stand-in pool draws scorn
▼ + stars: | 2024-11-05 | by ( Barbie Latza Nadeau | Antonia Mortensen | ) edition.cnn.com time to read: +3 min

For travel tips, recipes and more insight on Italian culture, sign up for CNN’s Unlocking Italy newsletter. Erected late last week, the pool is adorned with unpainted plywood and sits behind a tall fence covered by transparent plastic, over which tourists throw coins in the hope of hitting the water. An official with Rome City Hall politely refused to comment on either theory. Two coins means you’ll fall in love with an attractive Italian, and three coins means you will marry that person. Coins are removed twice a day and the pool is emptied and refilled every morning.

Persons: Rome CNN —, Trevi, Cecilia Fabiano Organizations: Rome CNN, Rome City Hall, Catholic Locations: Rome, Italy

As the battle for Congress comes to a close, here are five things to watch:1. Republicans have long been concerned about Democrats’ massive fundraising advantage in House and Senate races. Nearly $1.6 billion has been spent on ads in Senate races since Labor Day, with Democrats spending $803 million and Republicans spending $758 million, according to AdImpact. More than $1 billion has also been spent on ads in House races since Labor Day, with Democrats spending $615 million to Republicans’ $448 million, according to AdImpact. In the Maryland Senate race, Republicans have tried to pull off an upset by recruiting former GOP Gov.

Persons: Donald Trump, Kamala Harris, Trump, Jon Tester, Ohio’s Sherrod Brown, Brown, Tim Sheehy, Bernie Moreno, Jim Justice, Sen, Joe Manchin, Joe Biden, Harris, Pennsylvania’s Bob Casey, Wisconsin’s Tammy Baldwin, Nevada’s Jacky Rosen, Maine Republican Susan Collins, Biden, Casey, Dave McCormick, Rosen, Roe, Wade, ’, That’s, Dan Osborn, GOP Sen, Deb Fischer, Fischer, Osborn, Colin Allred, Ted Cruz, they’re, Debbie Mucarsel, Powell, Rick Scott, Allred, Larry Hogan, Hogan, Angela Alsobrooks Organizations: White, Republicans, House, Republican, Navy, West Virginia Gov, Democratic, Trump, GOP, Maine Republican, Senate, Freedom Caucus, Democrats, Labor, ’, Republicans ’, PAC, Maryland Senate, GOP Gov, Hogan Locations: California, New York, Arizona, Michigan, Maine, Pennsylvania, Nevada, Allentown, Harrisburg, Nebraska, Cornhusker, Texas, Florida, Maryland

☆ 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

☆ Presidential election offers opportunities — and risks — for ETF investors, experts say
▼ + stars: | 2024-11-04 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

Bloomberg | Bloomberg | Getty ImagesRegardless of the outcome of the U.S. presidential election, there could be some clear winners for exchange-traded funds, or ETFs, experts say. Potential winners and losersIn the months ahead, some ETFs or funds could outperform depending on the election outlook. Exchange-traded funds have steadily gained popularity among investors, with ETF assets crossing the $10 trillion mark in September — a trend experts say is largely due to advantages like lower tax bills and fees relative to mutual funds. Exchange-traded funds are generally known for passive strategies, but there has also been a surge in actively managed ETFs, with the goal of beating the performance of broader markets. watch nowHowever, most financial advisors caution against making hasty changes to your investment portfolio based on the outcome of this election.

Persons: Donald Trump, Kamala Harris —, Kim Wallace, Anu Ganti, Dow, Kristina Hooper, Harris, Invesco's Hooper, Hooper, Trump, Biden, 22V's Wallace, Wallace Organizations: Bloomberg, Getty, U.S, Democratic, ETF.com, Dow Jones Indices, Big Tech, Trump, Congress, Exchange, Federal Locations: Washington, U.S, —

☆ 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

☆ Bitcoin's November rally could be held up by election volatility
▼ + stars: | 2024-11-03 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

"What's driving price action is undoubtedly the election," Nic Puckrin, CEO and co-founder at crypto education site Coin Bureau, said of the November outlook. BTC.CM= YTD mountain Bitcoin YTD Republican nominee former President Donald Trump has courted the crypto industry this year, presenting himself as the pro-crypto candidate . October and November are historically strong months for bitcoin, finishing higher in seven of the past 11 Novembers. "Volatility has decreased for both gold and bitcoin as traders look forward to the [election] results, although both assets have benefited from positive underlying fundamentals incrementally driving the price up." "The main danger we foresee would be temporary angst around election results affecting sentiment and holding back further development of the ecosystem," Chung added.

Persons: Bitcoin, cryptocurrency, Kamala Harris –, Nic Puckrin, Trump, bitcoin, Donald Trump, Harris, Devin Ryan, there's, Needham's John Todaro, Chris Chung, Chung, Michael Bloom Organizations: Republican, Democratic, Citizens, Trump, bitcoin, JPMorgan, BTC, Solana Locations: Washington, U.S

☆ Generative A.I. Made All My Decisions for a Week. Here's What Happened.
▼ + stars: | 2024-11-01 | by ( Kashmir Hill | Hang Do Thi Duc | ) www.nytimes.com time to read: +5 min

Decisions I would normally agonize over, like travel logistics or whether to scuttle dinner plans because my mother-in-law wants to visit, A.I. Letting your mother-in-law cook can be a great idea, especially if she enjoys it and it gives you a break. And it made good decisions, such as advising me to be nice to my mother-in-law and accept her offer to cook for us. (Generative A.I. Just as we’ve outsourced our sense of direction to mapping apps, and our ability to recall facts to search engines, this explosion of A.I.

Persons: ChatGPT, I’d, couldn’t, Taupe ”, Chive, didn’t, Ms, Jang, ”, Judith Donath, Harvard’s Berkman Klein, “, it’s, Donath Organizations: Harvard’s Berkman Klein Center, chum, The New York Times, OpenAI, Microsoft Locations: A.I, Olive, OpenAI

☆ Wall Street views Coinbase through an election lens and soft pedals weak earnings
▼ + stars: | 2024-10-31 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Coinbase Global's latest earnings were even weaker than expected, but with an eye toward next week's election and its effect on cryptocurrency markets, many analysts on Wall Street say the exchange is still a buy. Coinbase also warned that an October drop in the price of ether could offset growth in nontrading revenue in the current quarter. Coinbase tumbled as much as 8.6% in early trading Thursday, touching a low of $193.56. The election outcome at one point was widely viewed as a key catalyst for the price of bitcoin. On the earnings call, CEO Brian Armstrong said he expects to see "the most pro-crypto Congress ever" next year.

Persons: Coinbase, Joseph Vafi, Genuity, Citigroup's Peter Christiansen, Christiansen, –, Brian Armstrong, Piper Sandler, Patrick Moley, — CNBC's Michael Bloom Organizations: Wall, White House, Citi, Canaccord, Bank of America, SEC Locations: U.S, .

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