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☆ Trump tax plans could exempt 93 million Americans from income taxes
▼ + stars: | 2024-10-21 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

As part of his economic pitch to voters, Trump has floated a sweeping tax overhaul, including a slate of income tax breaks. So far, the Republican presidential nominee has officially proposed eliminating income tax on tips and Social Security benefits, along with overtime pay. This total excludes the many more people who would be exempt from part of their income taxes if Trump executed his proposed elimination of taxes on overtime pay. It didn't have an income tax," Trump said at a sit-down with voters in New York on Friday for "Fox & Friends." The Harris campaign did not immediately respond to CNBC's request for comment about Trump's proposed tax plans.

Persons: Donald Trump, Donald Trump's, Trump, Harris, Trump's, Kamala Harris Organizations: U.S, Republican, Security, Social Security, Social Security Administration, Yale University's, U.S . Department of Veterans Affairs, Department of Defense, Fox &, Representatives Locations: Lancaster , Pennsylvania, U.S, New York

☆ Mark Cuban says 'It's the Harris campaign vs. Elon,' not Trump
▼ + stars: | 2024-10-21 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

Vice President Kamala Harris is campaigning for president against Elon Musk at least as much as she is against former President Donald Trump, Mark Cuban said Monday, as he advocated for the Democratic nominee as the pro-business choice. "It's the Harris campaign versus Elon, not even versus Trump," the billionaire investor and former "Shark Tank" host said on CNBC's "Squawk Box." Cuban's remarks were the latest volley between the two billionaires, who have taken on increasingly prominent campaign roles while ramping up attacks against each other. Asked for his view on the latest polls, which broadly show a neck-and-neck race between Harris and Trump, Cuban said, "Nobody really knows, and so really it comes down to get out the vote." "And the crazy thing is, it's the Harris campaign versus Elon, not even versus Trump," said Cuban.

Persons: Kamala Harris, Elon Musk, Donald Trump, Mark Cuban, Harris, Cuban, Cuban's, Musk, Trump, wasn't, Donald Trump hasn't, Stephen Miller Organizations: Elon, Democratic, Trump, Tesla, SpaceX, PAC, GOP, Cuban, CNBC, America PAC, Cost Locations: Cuban, Pennsylvania, Taiwan

☆ Trump will provide a more friendly environment for crypto, says Galaxy Europe CEO
▼ + stars: | 2024-10-21 | 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 EmailTrump will provide a more friendly environment for crypto, says Galaxy Europe CEOLeon Marshall, CEO of Galaxy Europe, talks about the resurgence of cryptocurrencies and the impact Republican presidential nominee Donald Trump could have on the asset class.

Persons: Leon Marshall, Donald Trump Organizations: Trump, Galaxy Locations: Galaxy Europe

☆ Fact check: Trump repeats debunked lies about FEMA’s hurricane response during North Carolina visit
▼ + stars: | 2024-10-21 | by ( Daniel Dale | ) edition.cnn.com time to read: +5 min

Washington CNN —Former President Donald Trump used a Monday visit to North Carolina to repeat debunked lies about the federal response to Hurricane Helene. They’ve spent it on illegal migrants,” Trump said. Second, it’s not true that FEMA disaster assistance money was improperly reallocated to migrants. But here’s the key: this $650 million pot is entirely distinct from FEMA’s much larger pot of disaster relief funds. As of last Tuesday, its Disaster Relief Fund had about $8.5 billion remaining, FEMA told CNN’s Ella Nilsen.

Persons: Donald Trump, Hurricane Helene, Trump, “, They’ve, ” Trump, Biden, it’s, they’re, Congress –, Chuck Edwards of, Edwards, CNN’s Ella Nilsen, Helene –, Alejandro Mayorkas, Helene, ” Organizations: Washington CNN, Federal Emergency Management Agency, Republican, FEMA, Trump, US Customs, Department of Homeland Security, White, Republicans, Congress, Disaster Relief, Homeland Locations: North Carolina, Asheville, Greenville, Chuck Edwards of North Carolina, Hurricane, Helene

☆ The election could be less of a market catalyst than people think, some investors say
▼ + stars: | 2024-10-21 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The U.S. presidential election is fast approaching, but it may not have as much an impact on markets as people may think, some investors say. History suggests the strong performance bodes well for a post-election pop into year's end. When Trump was elected in the 2016 presidential election, investors expected energy would perform well — but the subsequent two years proved unfavorable for the sector. During the 2000 election, volatility lasted for more than 30 days, through December. "We encourage investors to keep their long-term objectives in mind during periods of uncertainty and position for election related volatility," Guerra wrote.

Persons: Donald Trump, Kamala Harris, Trump, Harris, Sam Stovall, Stovall, Joe Biden's, Dan Chung, John Stoltzfus, Morgan Stanley, Morgan Stanley Wealth Management's Monica Guerra, Guerra, Ross Mayfield, Baird Organizations: U.S, NBC News, Republican, Dow Jones Industrial, CFRA, Oppenheimer Asset Management, Presidency, Senate, Republicans, Trump, Morgan Stanley Wealth

☆ Trump leads economically in presidential race, former House Speaker Kevin McCarthy says
▼ + stars: | 2024-10-21 | 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 EmailTrump leads economically in presidential race, former House Speaker Kevin McCarthy saysFormer House Speaker Kevin McCarthy says he would give former President Donald Trump the "advantage" if the election was today, as debate heats up over whether financial markets are starting to price a Trump election win.

Persons: Kevin McCarthy, Donald Trump Organizations: Email Trump, Trump

☆ Elon Musk's $1 million giveaway may not be legal
▼ + stars: | 2024-10-21 | by ( Bryan Metzger | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Elon Musk is giving away $1 million each day to a voter who signs a petition. AdvertisementElon Musk's latest gambit to help elect former President Donald Trump may be illegal, according to election law experts. — Elon Musk (@elonmusk) October 20, 2024In this instance, the problem may be that giveaway participants are required to be registered voters. Other election law experts also said that Musk is either barely toeing the line or has outright broken the law. Rick Hasen, an election law professor at the University of California, Los Angeles, wrote on his blog that the giveaway constitutes "clearly illegal vote buying."

Persons: Elon Musk, —, Elon, Donald Trump, It's, Musk, Richard Briffault, Briffault, I'm, he's, Rick Hasen, Josh Shapiro, Tim Walz Organizations: Service, America, Trump, America PAC, Department, Justice Department, Columbia Law School, Department of Justice, University of California, Musk's America PAC, Pennsylvania, Gov Locations: Harrisburg , PA, Pennsylvania , Georgia, Nevada , Arizona , Michigan, Wisconsin, North Carolina, Los Angeles

☆ Trump vs. Harris: The 2024 Election Has Taken Over TikTok
▼ + stars: | 2024-10-21 | by ( Sapna Maheshwari | Madison Malone Kircher | ) www.nytimes.com time to read: +11 min

Austin Nasso, a 29-year-old comedian in New York City, regularly posts impressions of both Mr. Trump and President Biden. Eight of the 10 most viewed TikTok videos about the September debate were from mainstream news sources, according to Zelf data. But Ms. Harris and Mr. Trump take decidedly different approaches to their content. @realdonaldtrump Mr. Trump also finds moments for levity, often on his separate campaign account, @TeamTrump, to keep viewers paying attention. @teamtrumpLike Mr. Trump, Ms. Harris and her campaign also have two distinct accounts, one with a more formal feel and a second, @KamalaHQ, where her campaign lets loose.

Persons: Kamala Harris, Donald J, Trump, Chappell Roan, Taylor Swift, she’ll, Harris, Republican Swifties, “, Donald Trump, JD Vance, Trump's, Swift, Austin Nasso, Biden, “ I’m, Mr, Nasso, ” Sam Wiles, Vance, hadn’t, Wiles, ”, Allison Reese, Ms, she’s, Reese, Hamilton ”, David Chalian, TikTok, “ Harris, Phil Harvey, Link Lauren, Robert F, Kennedy Jr, ’, Spehar, Ross, Jake, Logan Paul, Bryce Hall, Bryson DeChambeau, DeChambeau, “ Bro, Cori Bush, Vivek Ramaswamy, Lindsay Gorman Organizations: New York Times, Republican, Trump, Times, Hamilton Liberals, Broadway, The Daily Mail, CNN, NBC, cnn, Daily Mail, Obama, MSNBC, Fox News, YouTube, Missouri Democrat, German Marshall Fund Locations: New York City, Los Angeles, United States, TikTok, Plenty, San Francisco, ”, Missouri

☆ Housing affordability: Kamala Harris wants to take on corporate landlords and rent increases
▼ + stars: | 2024-10-21 | by ( Samantha Delouya | Rachel Wilson | ) edition.cnn.com time to read: +6 min

While rent prices are undoubtedly rising, it’s unclear how much of the jump is due to corporate investors who buy up multiple properties. “Community after community feels taken advantage of by Wall Street investors and corporate landlords who have bought thousands of single-family homes during recent downturns,” Harris’ policy platform reads. A CNN analysis found that rent increases recently outpaced wage growth in cities with a meaningful presence of big investors. Ownership by corporate landlords, which CNN calculated by combining limited liability entities, real estate corporations and real estate investment trusts, stood at 16%. The number of single-family homes under construction dramatically decreased after the 2008 financial crisis, and construction never really returned to pre-recession levels.

Persons: Kamala Harris, Harris, ” Harris, Michael Seiler, College of William & Mary, “, we’re, ” Seiler, Laurie Goodman, ” Goodman, Donald Trump, ” Jared Kushner, Trump’s, CoreLogic, Goodman, “ There’s, ” Organizations: CNN, White House, Wall Street, College of William &, Urban Institute, Bureau of Labor Statistics, Housing Finance, Center, SSRS, Republican, Census Locations: United States, Atlanta, Jacksonville , Florida, Charlotte, North Carolina, Zillow

☆ A Trump presidency would drain Social Security's finances faster, budget group warns
▼ + stars: | 2024-10-21 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

Trump's proposals would dramatically worsen Social Security's finances, a nonpartisan budget group is warning. The group predicts Trump's agenda would push up Social Security insolvency by 3 years. Harris' proposals would have little impact on Social Security's insolvency timeline, the group says. AdvertisementThe Social Security and Medicare Boards of Trustees estimated that the fund would run out a year later, in 2035. President Trump delivered on his promise to protect Social Security in his first term, and President Trump will continue to strongly protect Social Security in his second term," Leavitt said in the statement.

Persons: Harris, —, Trump, Trump's, wouldn't, nominee's, that's, Karoline Leavitt, Leavitt, Kamala Harris, CRFB's, Marc Goldwein, Xers, they're Organizations: Social, Service, Federal, Social Security, Congressional, Office, Security, Trump, Republican, Business, Democratic, Washington Post

☆ McDonald's is the latest election battleground for Trump and Harris
▼ + stars: | 2024-10-21 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

It was the latest in a long tradition of presidential candidates invoking the fast-food chain. On Sunday, former President Trump reportedly served fries and handed them out at the drive-thru window of McDonald's in Feasterville, Pennsylvania, for about 15 minutes. Visitors to the drive-thru had to be screened by the Secret Service and didn't get to choose what Trump handed them, the Post reported. AdvertisementIn response, Harris' campaign has confirmed her early job at McDonald's — and questioned Trump's familiarity with the middle class. Candidates like Harris and business leaders like Jeff Bezos have often mentioned their work at McDonald's as a formative experience.

Persons: Donald Trump, McDonald's, —, Donald Trump's, Trump, Mitt Romney, Bill Clinton's, didn't, Kamala Harris, Harris, Ian Sams, Jeff Bezos, Paul Ryan, Mitt Romney's, Ryan, Derek Giacomantonio Organizations: Service, Washington Post . Visitors, Secret, Trump, Hobart, SEC Locations: Pennsylvania, Arkansas, Feasterville , Pennsylvania, McDonald's, America

☆ McDonald's tells U.S. restaurants it's not a 'political brand' after Trump visit
▼ + stars: | 2024-10-21 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Republican presidential nominee and former U.S. President Donald Trump works behind the counter during a visit to McDonalds in Feasterville-Trevose, Pennsylvania, U.S. October 20, 2024. Though President Donald Trump visited a Pennsylvania McDonald's location on Sunday, the fast-food giant is trying to stay neutral in the presidential race. Trump often accuses Harris of lying about working at McDonald's for a summer in her twenties, but has offered no proof backing up the claim. "Though we are not a political brand, we've been proud to hear former President Trump's love for McDonald's and Vice President Harris's fond memories working under the Arches," McDonald's said. To quell the controversy, McDonald's U.S. President Joe Erlinger wrote an open letter and released fact sheets about the company's pricing.

Persons: Donald Trump, we've, Trump, Kamala Harris, Harris, Trump's, McDonald's, Derek Giacomantonio, Davidson, Joe Erlinger, CNBC's Kate Rogers Organizations: McDonalds, CNBC, Corporate America, Ford, Gallup, University of Bentley Locations: Feasterville, Trevose , Pennsylvania, U.S, Pennsylvania, , Pennsylvania, McDonald's, Connecticut

AdvertisementElon Musk's latest gambit to help elect former President Donald Trump may be illegal, some election law experts say. — Elon Musk (@elonmusk) October 20, 2024In this instance, the problem may be that giveaway participants are required to be registered voters. According to the America PAC website, the giveaway program is "exclusively open to registered voters in Pennsylvania, Georgia, Nevada, Arizona, Michigan, Wisconsin and North Carolina. Other election law experts also said that Musk is either barely toeing the line or has outright broken the law. Rick Hasen, an election law professor at the University of California, Los Angeles, wrote on his blog that the giveaway constitutes "clearly illegal vote buying."

Persons: Elon Musk, —, Elon, Donald Trump, It's, Musk, Richard Briffault, Briffault, he's, Rick Hasen, Hasen, Matthew Alvarez, Tucker, Alvarez, Trump, We're, Josh Shapiro, Shapiro, Tim Walz Organizations: Service, America, Trump, America PAC, Department, Justice Department, Columbia Law School, Department of Justice, University of California, Rutan, DOJ, Musk's America PAC, Pennsylvania, Business, Gov Locations: Harrisburg , Pennsylvania, Pennsylvania , Georgia, Nevada , Arizona , Michigan, Wisconsin, North Carolina, Los Angeles

☆ Harris taps Cheney for ‘blue wall’ tour as she courts undecided independents, moderate Republicans
▼ + stars: | 2024-10-21 | by ( Eric Bradner | Ebony Davis | ) edition.cnn.com time to read: +10 min

Harris looks to ‘paint a picture’ for undecided votersSuburban moderates are far from the only group Harris’ campaign is targeting in the race’s closing days. As the Harris campaign tries to make inroads with men, podcasts like Joe Rogan’s are still under consideration, a source familiar with the matter said. “No matter your party, no matter who you voted for last time, there is a place for you in this campaign,” Harris said last week. She appealed to moderate voters and women in their 2024 primary — including many of the same voters Harris’ campaign is targeting in the race’s late stages. Trump’s campaign has been touting Haley’s endorsement in battleground states.

Persons: Kamala Harris, Liz Cheney, Harris, Donald Trump, ’, Nikki Haley, Trump, Haley, ”, Adam Kinzinger, “ It’s, Cheney, Sarah Longwell, Charlie Sykes, Ohio Sen, JD Vance, ” Vance, Joe Rogan’s, “ We’re, ” Harris, David Plouffe, Donald Trump —, Joe Biden’s, Trump’s, Biden, ” Trump, “, ” “, ” Haley, he’d, Alabama Sen, Katie Britt, Roe, Progressives shrug, Harris ’, Dick Cheney’s, —, Vermont Sen, Bernie Sanders, Leah Greenberg, Kamala, ” Greenberg, ” CNN’s Daniel Strauss, Priscilla Alvarez, Gregory Krieg, Kristen Holmes, Alayna Treene, Steve Contorno, Kit Maher Organizations: CNN, Republicans, Wyoming, South Carolina Gov, Illinois Rep, Republican, Trump, Democratic, White House, Suburban, Black, “, Republican National Convention, Fox News, Alabama, Progressives, Union, House Locations: Michigan , Pennsylvania, Wisconsin, Pennsylvania, Chester County , Pennsylvania, Oakland County , Michigan, Waukesha County , Wisconsin, Wyoming, ”, Georgia, Puerto Rican, Arizona, Nevada, Washington Crossing , Pennsylvania, Bucks County, Philadelphia, Milwaukee, Green Bay , Wisconsin, America, Iraq, Vermont, “ State

☆ It's hard not to be enthusiastic about this macro economy, says Harvard's Jason Furman
▼ + stars: | 2024-10-21 | 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 EmailIt's hard not to be enthusiastic about this macro economy, says Harvard's Jason FurmanJason Furman, Harvard Kennedy School professor and former CEA chair under President Obama, and Kevin Hassett, Hoover Institution distinguished visiting fellow and former CEA chair under President Trump, join 'Squawk Box' to discuss the state of the economy, 2024 presidential election, whether Trump or Harris has the better economic agenda, and more.

Persons: Harvard's Jason Furman Jason Furman, Obama, Kevin Hassett, Trump, Harris Organizations: Harvard Kennedy School, Hoover Institution, Trump

☆ Video: Former Trump aide thinks there might be a strategy behind Trump’s vulgar comments
▼ + stars: | 2024-10-21 | by ( Allison Love | ) edition.cnn.com time to read: 1 min

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☆ Bank stocks are trouncing the market in October on Trump optimism
▼ + stars: | 2024-10-21 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Bank stocks have outperformed in recent weeks as investors see an improved regulatory environment if former President Donald Trump returns to the White House, according to Bank of America. The Invesco KBW Bank ETF (KBWB) , which tracks the KBW Bank Index, has climbed more than 6% since the start of October. By comparison, the S & P 500 has added less than 2% during the same period. "A Republican win would likely be viewed most positive for bank stocks in terms of returning to balance the regulatory environment." Either a Trump win with a split government or a Republican sweep would be seen as bullish for this group of stocks, Poonawala said.

Persons: Donald Trump, Ebrahim Poonawala, Trump, Poonawala, Kamala Harris, Harris, October's Organizations: White, Bank of America, KBW Bank, Republican, Department of Justice, Consumer Financial Protection Bureau, Citigroup, TD Bank, New York Community, Trump . Bank, Trump, Justice Department Locations: Wells Fargo

☆ Bitcoin at 3-month high as Trump odds drive currencies
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: +3 min

Cryptocurrency bitcoin hit a three-month high in early Asia trading on Monday and the dollar looked set to extend its gains in markets counting down to the U.S. presidential election in two weeks. Bitcoin got a lift from Trump's improving prospects since his administration is seen as taking a softer line on cryptocurrency regulation. The clearest way to express the Trump tariff risk was to be long dollars versus the euro, Swiss franc and Mexican peso , he said. Brad Bechtel, global head of FX at Jefferies, also noted that rising real interest rates were helping the dollar along, particularly against those three currencies. "We expect this trend to continue straight into the election and if Trump wins, likely well after the election as well," Bechtel wrote.

Persons: Cryptocurrency bitcoin, Donald Trump, Bitcoin, Chris Weston, Pepperstone, Weston, Brad Bechtel, Bechtel Organizations: U.S, Trump, China, BTC, Swiss, FX, Jefferies Locations: Asia, U.S

☆ McDonald’s didn’t give Trump permission to serve fries. It didn’t need to
▼ + stars: | 2024-10-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —McDonald’s has been thrust into in the 2024 election, gaining particular attention over the weekend when former President Donald Trump served fries at a Feasterville-Trevose, Pennsylvania, location. Although franchise owners have to abide by certain guidelines in their agreements with the parent company, they are free to invite political candidates to serve fries without McDonald’s buy-in. We are not red or blue – we are golden.”The letter was signed by McDonald’s President Joe Erlinger. Still, some McDonald’s customers and employees spoke out against the company after Trump’s visit, criticizing McDonald’s for allowing the Republican presidential candidate to campaign at a restaurant. “He was proud to highlight how he and his team serve their local community and make delicious food, like our World-Famous French Fries,” the company said.

Persons: New York CNN — McDonald’s, Donald Trump, McDonald’s, Trump, we’ve, “, Joe Erlinger, Harris, Derek Giacomantonio, Giacomantonio, Fries, ” Organizations: New, New York CNN, CNN, McDonald’s, Howard University, Republican, Starbucks Locations: New York, Trevose , Pennsylvania, Washington, Israel

☆ Billionaire Ripple founder has given more than $11.8 million to Harris campaign
▼ + stars: | 2024-10-21 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Including Larsen's August contribution of $1 million worth of XRP tokens, the billionaire has given more than $11.8 million to PACs supporting the Harris campaign, making him one of the crypto industry's largest individual donors this cycle. He's part of an industry that's become suddenly prominent in political fundraising, though more heavily in support of Republicans. The Trump PAC has raised about $7.5 million crypto donations since early June. The committee gave out nearly $29 million in September. They've received $1.3 million and $1 million, respectively.

Persons: Chris Larsen, James Delmore, Harris, Larsen, who's, he's, Biden, " Larsen, isn't, that's, Fairshake, Southern California Republicans David G, Valadao, Michael Garcia, They've Organizations: Harris, Fund, CNBC, Biden, Democratic, Fund PAC, Forbes, Public Citizen, The Trump PAC, —, American Jobs PAC, Republicans, Southern, Southern California Republicans Locations: Bay, Fairshake, New York , Nevada, California, Southern California

☆ Flight logs show Elon Musk's private jets are busy hitting swing states as he campaigns for Trump
▼ + stars: | 2024-10-21 | by ( Grace Kay | Taylor Rains | ) www.businessinsider.com time to read: +5 min

Elon Musk's private planes made eight flights to Pennsylvania this past week, flight logs show. Elon Musk's private planes took eight flights to and from Pennsylvania over the past week as the billionaire rallied voters. Elon Musk's private jet in Harrisburg on October 19. In the weeks leading up to Musk's Pennsylvania rallies, SpaceX launched its fifth Starship test flight, successfully catching the spacecraft's Super Heavy booster for the first time. While Musk has been campaigning for Trump, Tesla has been preparing for its third-quarter earnings call on Wednesday.

Persons: Elon, Donald Trump, —, Musk, Trump, I've, Musk's Trump, Tesla, Mary Barra Organizations: Service, Business, Elon Musk's, New York Times, Trump, Pittsburgh, SpaceX, State College ,, Elon, Keystone Intel, State College , Pennsylvania, PAC, America PAC, Federal, General Locations: Pennsylvania, Butler , Pennsylvania, Philadelphia, Pittsburgh, State College , Harrisburg, Harrisburg, Savannah , Georgia, Hawthorne , California, Austin, California, Texas, Nevada

☆ ‘Central Park Five’ members sue Trump for defamation after his debate comments on 1989 case
▼ + stars: | 2024-10-21 | by ( Devan Cole | ) edition.cnn.com time to read: 1 min

☆ Defense Secretary Austin arrives in Ukraine amid Russian gains and imminent US election
▼ + stars: | 2024-10-21 | by ( Natasha Bertrand | ) edition.cnn.com time to read: +6 min

Kyiv, Ukraine CNN —Secretary of Defense Lloyd Austin arrived in Kyiv early Monday morning, as the future of US aid to Ukraine hangs in the balance of the imminent US presidential election and as Russia continues to make small but steady gains on the battlefield. “It’s been absolutely remarkable that Ukraine has been able to do what it’s done,” Austin told reporters. Ukraine has prevented Russian President Vladimir Putin from achieving “one single strategic objective” during the war, Austin said Sunday. China also continues to be a “critical enabler” of Russia’s war effort, the NATO official said. Ukraine has more sophisticated weaponry thanks to the West, which could give the country a strategic edge, the defense official said.

Persons: Defense Lloyd Austin, Volodymyr Zelensky, Rustem Umerov, Biden, Austin, “ It’s, ” Austin, we’ve, Donald Trump, ”, Trump, Zelensky, “, ” Zelensky, Vladimir Putin Organizations: Ukraine CNN —, Defense, CNN, Ukraine Defense, European Union, Pentagon, Capitol, Ukraine, NATO, Russia Locations: Kyiv, Ukraine, Russia, Austin, ”, Europe, Russian, Iran, North Korea, China, Moscow

It's a good time to increase exposure to bitcoin as stocks continue hitting new records and as the U.S. presidential election draws nearer, according to Bernstein. Bitcoin is again testing $70,000, something it's done several times this year after reaching a new record above $73,000 in March. Bitcoin ETF inflows, crypto equity markets and retail trading sentiment [are] screaming 'risk-on.'" Earlier attempts led to brief forays above $70,000, but over the weekend bitcoin rose as high as $69,480, according to Coin Metrics. Their outperformance "reflects underlying bullish sentiment for the bitcoin asset class vs. the compute/energy thesis, which investors have favored so far."

Persons: Bernstein, Bitcoin, Gautam Chhugani, Harris, Trump, bitcoin, Chhugani, Mara, — CNBC's Michael Bloom Organizations: U.S, bitcoin, Metrics, Mara Holdings Locations: U.S

☆ Trump sued by Central Park Five for defamation over claims made during Harris debate
▼ + stars: | 2024-10-21 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Republican presidential nominee, former U.S. President Donald Trump delivers remarks during a campaign rally at the Cobb Energy Performing Arts Centre on October 15, 2024 in Atlanta, Georgia. Five men who were wrongfully convicted as teenagers in the so-called Central Park Five jogger rape case sued Donald Trump on Monday, saying the Republican presidential nominee defamed them by claiming they killed someone and pleaded guilty. The lawsuit, filed in federal court in Philadelphia, cites several statements Trump made about the men during his Sept. 10 debate with Democratic nominee Kamala Harris. "Defendant Trump falsely stated that Plaintiffs killed an individual and pled guilty to the crime. Further, the victims of the Central Park assaults were not killed," the complaint said.

Persons: Donald Trump, Trump, Kamala Harris, Defendant Trump, Plaintiffs, Yusef Salaam, Raymond Santana, Kevin Richardson, Antron Brown, Korey Wise Organizations: Cobb Energy Performing Arts Centre, Democratic, New, New York City Council, CNBC Locations: Atlanta , Georgia, Philadelphia, New York

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