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Bitcoin is on track to hit the $100,000 price milestone by the end of the year after President-elect Donald Trump's election victory, according to analysts. Bitcoin at $100,000 "doesn't sound so unreasonable" given it equates to "just 10% of gold's market share," Butterfill told CNBC in emailed comments. BTC to hit $100K by Trump's inauguration A $100,000 bitcoin price is likely to be reached by the time Trump is inaugurated president on Jan. 20, 2025, according to Fadi Aboualfa, head of research at crypto custodian Copper.co. Still, with bitcoin exchange-traded funds currently holding roughly 1.1 million bitcoins, momentum is likely to be positive in the coming months, Aboualfa added. It cuts in half the supply of bitcoin issued to miners who successfully produce new bitcoins.
Persons: Donald Trump's, James Butterfill, Butterfill, Trump, Kamala Harris, Gary Gensler, CoinShares, Kooner, Fadi Aboualfa, Aboualfa Organizations: Republicans, CNBC, Wednesday, U.S . Securities, Exchange Commission, SEC, Federal Reserve, BTC, Trump's Locations: America, bitcoin, U.S
Donald Trump's second presidency could help supercharge small cap stocks further, according to Fundstrat managing partner and head of research Tom Lee. "Since 1987 small caps traded on a median price-to-earnings [ratio] at a premium basis to the S & P 500, and the S & P 500 is at 17 times. I think small caps could over the next couple of years outperform by more than 100%," Lee told CNBC's " Squawk Box " on Friday. Lee is also bullish on equities more broadly, and doesn't limit his optimistic outlook to only small caps. He also forecast the S & P 500 could break above 6,000 before the end of the year and top 6,700 in 2025.
Persons: Donald Trump's, Tom Lee, Lee, CNBC's, Russell, Stocks, Trump's, haven't, FundStrat Organizations: Trump, U.S, Granny Shots, Tesla, Oracle
Several homes were evacuated as a wildfire spread through the Colliers Mills Wildfire Management Area in Ocean County, New Jersey. Lokman Vural Elibol/ | Anadolu | Getty ImagesDry and unseasonably warm conditions in the Northeast have plunged much of the region into drought, fueling wildfires in New Jersey, Connecticut and Massachusetts. "To have such persistent periods of really intense drought conditions is not very common." The Drought Monitor's latest map, released Thursday, showed drought conditions expanding from Virginia, Pennsylvania and New York up into Massachusetts and Maine. Dry conditions have intensified in some states, with parts of New Jersey, Pennsylvania, West Virginia and Maryland now in "extreme" drought.
Persons: Lokman Vural, Benjamin Cook, Lamont, Brian Fuchs, " Fuchs, Fuchs, rainier Organizations: Colliers, Management, Anadolu, Getty, National Oceanic, Atmospheric Administration, Regional Climate Center, D.C, U.S . Drought Monitor, University of Nebraska, U.S, Drought Monitor Locations: Ocean County , New Jersey, New Jersey , Connecticut, Massachusetts, U.S, Philadelphia, Newark , New Jersey, Wilmington , Delaware, Norfolk , Virginia, Washington, Palisades , New York, Virginia , Pennsylvania, New York, Maine, New Jersey , Pennsylvania, West Virginia, Maryland, Lincoln, New York , New Jersey, Pennsylvania, Great Lakes, Northeast
CNN —Ancient DNA has revealed surprises about the identities of some people who perished in the ancient Roman town of Pompeii after a volcanic eruption, overturning misconceptions about their genetic relationships, ancestry and sex. Ash and volcanic rock called pumice then covered Pompeii and its residents, preserving scenes of the victims of the city’s destruction like an eerie time capsule. While the Greeks, Etruscans and Samnites attempted to conquer it, Pompeii became a Roman colony, the study authors noted. In 2015, the Archaeological Park of Pompeii began efforts to restore 86 of the 104 casts originally made by Fiorelli. Together, park scientists and the study authors are working on a larger project to better understand the genetic diversity present in Pompeii during the Roman Empire.
Persons: Giuseppe Fiorelli, , David Reich, restorers, David Caramelli, Massimo Osanna, Gabriel Zuchtriegel, Valeria Amoretti, ” Caramelli, Reich, Steven Tuck, Tuck, ” Tuck, Caitie Barrett, Barrett, Homer’s “, Bacchus, Alissa Mittnik, , ” Barrett, Michael Anderson, Anderson, ” Anderson Organizations: CNN, Harvard Medical School, Harvard University, University of Florence, Villa, Miami University in, Cornell University, Max Planck Institute, Evolutionary Anthropology, Harvard, San Francisco State University Locations: Pompeii, Naples, what’s, Italy’s Campania, Roman, Italy, Miami University in Ohio, archaeogenetics, Britain, North Africa, Alexandria, Egypt, Bay
Hong Kong CNN —No United States leader has handled relations with North Korea quite like Donald Trump. But the second Trump administration will face an emboldened and arguably more dangerous North Korean leader. The North Korean leader has met with his “closest comrade” Russian President Vladimir Putin twice since last September and inked a major defense pact in June. Russian President Vladimir Putin and North Korean leader Kim Jong Un meet in Pyongyang this past June. That means the North Korean leader may look for benefit in Trump’s return.
Persons: Donald Trump, Kim Jong, , Kim, Trump, Kim “, Kim –, extinguishes, Vyacheslav Madiyevskyy, , Rachel Minyoung Lee, ” Kim, ” He’s, Biden, Vladimir Putin, Lee, Dmitry Azarov, , Robert O’Brien, , ” O’Brien, Chul Lim, “ Trump, Duyeon Kim, Putin –, Yoon Suk, Edward Howell Organizations: Hong Kong CNN, North Korean, Reuters, Trump, Stimson, North, South, AP, CNN, North Korea Research Center, University’s Institute, Far Eastern Studies, Center, New, New American Security, US, Korea's, Chiefs, Staff, NATO, North Korea, University of Oxford Locations: Hong Kong, States, North Korea, Pyongyang, Russia, Moscow, Ukraine, United States, South Korea, Kharkiv, Singapore, Hanoi, North, Washington, North Korean, Japan, ” Russian, China, Iran, Korea, Russian, Seoul, New American, Korean, Beijing, United Kingdom
In honor of National Fried Chicken Sandwich Day, we've listed Yelp's top fried-chicken spots. AdvertisementWith National Fried Chicken Sandwich Day coming up on November 9, there's no better time to celebrate this crispy, savory sandwich. However, if you're on the hunt for some local fare, Yelp's list of the top fried chicken shops in every state is worth checking out. Fried chicken remains a favorite in the US, both for dining out and for enjoying at home. AdvertisementFor Yelp's list, which it released in August, it rounded up the best spots to get fried chicken by identifying businesses in its "chicken shop" category and ranking them based on ratings and the number of five-star reviews.
Persons: Organizations: Service, Research
CNN —Investigators in Wisconsin used genetic genealogy to solve a 50-year-old cold case this week, charging an 84-year-old Minnesota man with killing a woman who was found dead in 1974, authorities said. “This is a huge victory for our agency,” Bygd said at a Friday news conference. It’s the first time the agency has used genetic genealogy to solve a case, the sheriff said. Forensic genetic genealogy can generate leads for unsolved cases by analyzing DNA on top of traditional genealogy research, according to the US Department of Justice. So, I think he was done fighting it, personally,” said Sheriff Bygd.
Persons: Mary K, Jon Miller, , Schlais, Kevin Bygd, He’s, Bygd, ” Bygd, Miller, Sheriff Bygd, Dan Westland, Jason Stocker, , Stocker, it’s, It’s, “ … I’ve, that’s Organizations: CNN — Investigators, Ramapo College, US Department of Justice Locations: Wisconsin, Minnesota, Spring Brook , Wisconsin, Dunn, Chicago, Owatonna , Minnesota, Dunn County, Steele County , Minnesota, New Jersey, Westland
Kent Nishimura | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Powell, in yesterday's press conference, maintained that "the election will have no effect on our policy decisions." "By December, we'll have more data, I guess one more employer report, two more inflation reports and lots of other data," Powell said. — CNBC's Jeff Cox, Lisa Kailai Han, Hakyung Kim, Jesse Pound and Alex Harring contributed to this report.
Persons: Jerome Powell, Kent Nishimura, Jim Reid, Trump, Scott Helfstein, Powell, we'll, that's, , Jeff Cox, Lisa Kailai Han, Hakyung Kim, Jesse Pound, Alex Harring Organizations: FTSE, Federal, CNBC, Deutsche, Tech, Apple, Nvidia, Nasdaq, Dow Jones, Global, Congress, Fed Locations: GDAXI, Washington, Washington , DC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect further restrictions on chipmaking equipment and AI in second Trump term: Wolfe's Chris CasoChris Caso, Wolfe Research senior analyst, joins 'Squawk Box' to discuss what the incoming Trump administration could mean for the chips sector, effectiveness of the CHIPS and Science Act, and more.
Persons: Chris Caso Chris Caso, Trump Organizations: Trump, Wolfe Research
One US company, just two days after Trump’s reelection, says it isn’t wasting time getting out of China. Steve Madden, a $3 billion shoe company, announced Thursday that it would rapidly halve its Chinese production to avoid Trump’s tariffs. But here’s the catch: Steve Madden isn’t moving its production to the United States. ‘There for a reason’The retail industry has been crying foul over Trump’s tariffs for quite some time – apparel and shoe companies in particular. Trump’s tariffs could cost the typical middle-income US household more than $2,600 per year, according to research from Peterson Institute for International Economics.
Persons: Donald Trump, Steve Madden, Steve Madden’s, Edward Rosenfeld, , ” Rosenfeld, Rosenfeld, Trump, Joe Biden, Madden, Laura Champine, ” Champine, it’s, Douglas Holtz, Eakin, Steven Mnuchin, Donald Trump’s, CNN’s Jake Tapper, ” Mnuchin, Mnuchin Organizations: CNN, Trump, Wall Street, National Retail Federation, Companies, Wall, American, Peterson Institute for International Economics Locations: United States, China, USA, Cambodia, Vietnam, Mexico, Brazil, America
Former U.S. President Donald Trump's victory over Vice President Kamala Harris in this week's election has raised questions about how Asia will be impacted. "When passed, the [tariffs] will sweep across Asia, particularly China [and] should spike volatility and compress multiples as uncertainty prevails." Even so, the analysts say the region is "more prepared than in 2016" and investment opportunities remain, especially given the weaker yen and stimulus in China. This will bring about "structural shifts in global supply chain ... [and] could boost infrastructure spending in ASEAN and South Asia," he added. The currency has fallen versus the dollar following Trump's win, hitting 154.7 per dollar on Wednesday — its weakest level since July 30.
Persons: Donald Trump's, Kamala Harris, India's, Hong, Tai Hui, Hui, Stocks, — CNBC's Lim Hui Jie Organizations: U.S, Trump, Macquarie Research, Nikkei, Dow Jones, Nasdaq, Morgan Asset Management, Congress, Mitsubishi Electric, Mitsubishi, Japanese pharma, Chugai Pharmaceutical, SK Hynix Locations: Asia, China, ASEAN, South Asia, U.S, Macquarie, Japan
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementVenki Ramakrishnan, a Nobel laureate and former president of the world's oldest scientific academy, the Royal Society, has been watching as aging science and the hype around it has exploded. There have been some real scientific breakthroughs, deepening our understanding of the fundamental causes of aging, Ramakrishnan told Business Insider. AdvertisementCycling everydayExercise has all kinds of benefits for healthy aging, Ramakrishnan said. Research suggests that getting enough good quality sleep could add a few years to your life.
Persons: , Venki, Ramakrishnan, He's, Michael Pollan's Organizations: Service, Royal Society, Business, Allied Market Research, FDA, British, of Sports Medicine, American College of Cardiology's Locations: Cambridge
Treasury yields have ripped higher of late, even as the Federal Reserve continues to cut rates. The benchmark 10-year Treasury note yield has soared nearly 70 basis points to 4.3% since mid-September, when the Fed cut rates by a half-point. Despite the Fed's latest action, the incoming Trump administration is likely to keep yields elevated, according to Ned Davis Research. Dimitrova noted that rising debt-to-GDP ratio has been closely linked with higher bond yields. The question for investors now is: How long until higher yields start putting pressure on equities?
Persons: Trump, Ned Davis, Veneta, Dimitrova, Goldman Sachs, BNTX Organizations: Federal Reserve, Ned Davis Research
Bitcoin is just getting started after its postelection rally, according to Fundstrat's Tom Lee, and is still on track to hit six figures by the end of the year. "I think because [it's] post-halving and now bitcoin is becoming a lot more relevant ... the regulatory overhang is diminishing — that there's a lot of upside from here." The flagship cryptocurrency climbed to fresh records this week after President-elect Donald Trump' s victory, which was widely anticipated as a bullish catalyst for the crypto industry at large. During Trump's campaign for reelection he promised the crypto industry a more favorable regulatory environment that would include appointing a more crypto-friendly leader to chair the Securities and Exchange Commission. Bitcoin is up 79% this year, compared with the S & P 500's 25% gain.
Persons: Bitcoin, Tom Lee, Donald Trump, It's, Lee, JD Vance, Vivek Ramaswamy, Cantor Fitzgerald, Howard Lutnick, Robert Kennedy Jr, it's, Sen, Elizabeth Warren, Biden, Gary Gensler Organizations: Treasury, Securities and Exchange Commission, SEC
Watch CNBC's full interview with BCA Research's Marko Papic
  + stars: | 2024-11-08 | 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 EmailWatch CNBC's full interview with BCA Research's Marko PapicMarko Papic, chief strategist at BCA Research, joins CNBC's 'The Exchange' to discuss what a second Trump term will mean for investing overseas, how it will impact the U.S. dollar, and more.
Persons: Marko Papic Marko Papic Organizations: BCA Research, Trump, .
The Nissan ARIYA on the EV test track at the New York International Auto Show on March 28, 2024. Nissan released its second-quarter results ended September on Thursday, which showed that it recorded a 9.3 billion yen (about $62 million) net loss, a reversal from the 190.7 billion yen net profit it made in the same quarter last year. Operating profit in the second quarter plunged almost 85% year-on-year to 31.9 billion yen, while revenue dropped 5% to 2.99 trillion yen. Nissan also sharply lowered its full-year outlook, cutting its revenue projection to 12.7 trillion yen from 14 trillion yen, while also reducing its operating profit forecast to 150 billion yen from 500 billion yen. It aims to reduce fixed costs by 300 billion yen and variable costs by 100 billion yen, compared to its 2024 financial year.
Persons: Makoto Uchida Organizations: Nissan, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect a wild ride in Trump's 2nd term as he structurally breaks away from traditional U.S. policiesMatt Gertken from BCA Research says Trump's economic policies could push inflation higher, which is the very issue that caused the Democrats' defeat in this election.
Persons: Matt Gertken Organizations: BCA Research Locations: Trump's, U.S
Austin, the state capital of Texas, can add another title to its name: best college town in the U.S., according to a recent ranking by WalletHub. The city is home to a number of schools, including the University of Texas at Austin, which is one of the largest research universities in the U.S. and has a student population of over 51,000. The city itself is located in central Texas and home to nearly 980,000 people, with a median household income of $86,556, per the latest available U.S. Census data. To generate its list of best college towns, WalletHub used data from a number of sources, including the U.S. Census Bureau and the Bureau of Labor Statistics, to analyze 415 cities and towns of various sizes across America. Plus, the cities tend to come with a lower cost of living than larger cities like New York or Los Angeles.
Persons: Austin, Austin Ann, Ann Arbor, Tempe Gainesville , Florida — University of Florida Atlanta — Georgia Institute of Technology It's Organizations: WalletHub, University of Texas, U.S . Census, Bureau of Labor Statistics, America ., Austin , Texas — University of Texas, Austin Ann Arbor , Michigan — University of Michigan, Ann Arbor Orlando , Florida — University of Central, Ann Arbor Orlando , Florida — University of Central Florida Tampa , Florida — University of Tampa, Ann Arbor Orlando , Florida — University of Central Florida Tampa , Florida — University of Tampa Raleigh , North Carolina —, Carolina State University Scottsdale, Scottsdale Community College, Virginia — University of Virginia, Virginia — University of Virginia Tempe , Arizona — Arizona State University, Tempe, Tempe Gainesville , Florida — University of Florida, Tempe Gainesville , Florida — University of Florida Atlanta — Georgia Institute of Technology Locations: Texas, U.S, Austin, America, Austin , Texas, Austin Ann Arbor , Michigan, Ann Arbor Orlando , Florida, Ann Arbor Orlando , Florida — University of Central Florida Tampa , Florida, Ann Arbor Orlando , Florida — University of Central Florida Tampa , Florida — University of Tampa Raleigh , North Carolina, Carolina State University Scottsdale , Arizona, Scottsdale Community College Charlottesville, Virginia, Virginia — University of Virginia Tempe , Arizona, Tempe Gainesville , Florida, Tempe Gainesville , Florida — University of Florida Atlanta, New York, Los Angeles
Emma Halls, a Stem7 Executive Search recruiter, shares what VC firms are looking for in candidates. We work with VC firms in London, Palo Alto, Paris, Berlin, Stockholm, Munich, and New York. But they're also looking for candidates whose CVs show they're actually passionate about the whole VC ecosystem. This shows VC firms that the candidates were always doing things that created some kind of disruption. VC firms want to know if applicants have been able to network themselves into some kind of startup role or internship.
Persons: Emma Halls, , they're, They'd, we've, it's Organizations: Service, Business Locations: London, Palo Alto, Paris, Berlin, Stockholm, Munich, New York
Tinder cautioned investors it expected another drop in paying users in the fourth quarter. A Forbes Health survey this year reported 78% of Americans felt exhausted by dating apps. AdvertisementSingles aren't the only ones feeling the ache from dating app fatigue — Wall Street is too. AdvertisementDeflating investor energy around dating apps mirrors a national outcry of "swipe fatigue," following a decade of the apps' meteoric rise. As users grow frustrated with dating app fees and algorithms, new startup founders are entering the space.
Persons: Bumble, Tinder, , influencer Serena Kerrigan, Whitney Wolfe Herd, Lidiane Jones, Sitch Organizations: Forbes Health, Service, Match, Inc, Bloomberg's Technology Summit Locations: Geneva
The news on Home Depot Telsey Advisory Group, a leader in retail industry analysis, upgraded Home Depot stock to a buy-equivalent outperform on Friday. The news on Best Buy Citi lowered its Best Buy price target to $109 per share from $115 on Friday while maintaining its buy-rating on the stock. BBY YTD mountain Best Buy stock performance year-to-date. Bottom line Despite Citi's concerns, we're sticking with Best Buy. Best Buy should be well-positioned to benefit from falling interest rates if home sales pick up again.
Persons: , Telsey, Jim Cramer, Jim, they're, Donald Trump's, Jim Cramer's, Ting Shen Organizations: Advisory, Depot, Federal, Home Depot, Home, Citi, Trump, CNBC, Home Depot Inc, Bloomberg, Getty Locations: China, Washington , DC
Still, Kennedy said that if tapped, he would advise communities on fluoridated water. Major public health groups, including the American Dental Association, the American Academy of Pediatrics and the CDC, soon supported the use of fluoridated water. Cavity prevention, experts say, is a major public health coup. “There’s not any evidence that fluoride has lowered the IQ of kids,” said Dr. David Margolius, Cleveland’s director of public health. Experts maintain that there’s no credible evidence proving fluoride has lowered kids’ IQ levels.
Persons: Donald Trump’s, Robert F, Kennedy Jr, Kennedy —, ” Kennedy, Kennedy, , Meg Lochary, “ There’s, David Margolius, Richard Besser, Robert Wood Johnson, ” Besser Organizations: MSNBC, Centers for Disease Control, American Dental Association, American Academy of Pediatrics, CDC, Pediatrics, U.S . Environmental, Agency, Robert Wood Johnson Foundation Locations: Waxhaw , North Carolina, U.S, Colorado Springs , Colorado, Grand Rapids , Michigan, California
Millions of Americans risk losing subsidies next year that help them pay for health insurance following President-elect Donald Trump’s election win and Republicans’ victory in the Senate. Even Democratic control of the House likely won’t save the subsidies, he added. As of Thursday afternoon, House Republicans had won 209 seats, just nine short of the majority, according to an NBC News tracker. In 2024, more than 20 million people got health insurance through the ACA, according to the Centers for Medicare and Medicaid Services. “This means fewer people will know their rights under the law and many will not sign up for ACA health care plans.
Persons: Donald Trump’s, , Trump, Chris Meekins, Raymond James, , , Meekins, Cynthia Cox, Cox, ” Cox, Lawrence Gostin, ” Gostin, Gostin Organizations: Republicans ’, Senate, American, Republicans, White House, GOP, HHS, NBC, Centers, Medicare, Services, Congressional, Trump, CBO, Congress, O’Neill Institute for National, Global Health Law, Georgetown University, ACA Locations: Southern, KFF
The chart below shows the difference between Trump’s vote percentage in 2020 and his percentage in 2024 in Pennsylvania precincts. Dots above the dotted black line are precincts where Trump out-performed his vote percentage four years ago. Most precincts in Pennsylvania shifted toward Trump, with the biggest shifts coming in areas where he won 20% to 30% of the vote in 2020. While Harris and Biden both won this region comfortably, Harris’ vote margin was nearly 120,000 votes smaller than Biden’s. The map on the left shows Philadelphia precincts according to who won that precinct.
Persons: Donald Trump’s, Trump, Trump’s overperformance, Harris, Harris ’, Biden Organizations: NBC, Republicans, Democrats, Trump Locations: Pennsylvania, Trump, Philadelphia, Harris, That’s, Center City
Trump picked up a larger portion of voters under 30 than any Republican presidential candidate since 2008, according to NBC News exit polling, improving with both young men and young women. In 2020, President Joe Biden beat Trump by 11 percentage points among young men; this year, Trump beat Kamala Harris by 2 points. Among young women, Biden’s 35-point lead over Trump in 2020 shrunk to a 24-point lead for Harris. Among young white men without college degrees, Trump beat Harris, 56% to 40%. “Every candidate and party had an opportunity to really listen to young voters and hear what they really wanted,” Kawashima-Ginsberg said.
Persons: Donald Trump’s, , Adin Ross, Theo Von, Bussin, Joe Rogan, ” Dana White, Trump, Joe Biden, Kamala Harris, Harris, “ it’s, , Kei Kawashima, Ginsberg, Young, Kawashima, Rogan, influencers, Jake Paul, ” Kawashima, Ryan Jones, Jones, would’ve, Jaiveer Bajwa, Kaeli Bennet, Barron Trump, Joe Rogan’s, Barron, Sobolewski, Von, ” Trump, Von’s, Alex Cooper’s “, Gen, Harris ’, Anil Cacodcar, you’re, ” Cacodcar Organizations: Trump, Republican, NBC, Tufts University’s Center for Information, Research, Civic, Edison Research, Harris ’, Trump ., YouTube, Harvard, Biden Locations: United States, Pennsylvania, Ohio
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