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☆ 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, .

Hello Kitty made her commercial debut the next year, appearing on a line of vinyl coin purses alongside several other new characters. There’s not much that doesn’t suit her… I think that when everyone talks to Hello Kitty, she probably answers them in some way.”Sales of Hello Kitty products flourished in Japan between the 1980s and mid-1990s. A North Korean child wears a Hello Kitty hairpin at a primary school in the country's capital, Pyongyang, in 2011. Hello Kitty superfan Asako Kanda shows CNN a room in her home that is dedicated to Hello Kitty. Daniel Campisi/CNNAfter more than 36 years of collecting, Kanda still buys around two Hello Kitty items every month.

Persons: Sanrio, Kitty White, Kitty, Pokémon, Mickey Mouse, Yuko Shimizu, ”, Bob Levey, Yuko Yamaguchi, Shimizu, Setsuko Yonekubo, Yamaguchi, Yoshikazu Tsuno, Kitty —, Tiny, “, Feng Li, Kanda, Daniel Campisi, Kitty’s, Beyblade —, Atsuo Nakayama, Astrid Stawiarz, —, ” Atsuo, Eduardo Verdugo Organizations: CNN, UNICEF, Japan’s Foreign Ministry, George Bush Intercontinental Airport, Sanrio’s, Getty, ”, New York Times, America, Wall Street, Netflix Locations: London’s, Kitty’s, Houston , Texas, Sanrio’s Tokyo, Tokyo, AFP, San Francisco, Japan, Korean, Pyongyang, San Jose, New York City, London, American, America, Mexico City

☆ Who will be the next president? News outlets are running out of ways to communicate the uncertainty
▼ + stars: | 2024-10-30 | by ( Brian Stelter | ) edition.cnn.com time to read: +4 min

New York CNN —“Jump ball.” “Coin flip.” “Toss up.” “Dead heat.” “Deadlocked.” On TV and online, political analysts are running out of ways to say the presidential race is effectively tied. As CNN’s Dana Bash said on “Inside Politics” Tuesday, “this race could not be closer.”In this final week of the campaign, the most important thing for the news media to communicate is uncertainty. On the right, former President Donald Trump and many of his right-wing media allies are expressing unbridled confidence that the Republican is going to win next week. “I spend more hours figuring out ways to say this race is close than New Yorkers spend in traffic,” Enten quipped. Even after all the polls are closed, there may still be uncertainty about the outcome since different states tabulate votes in different ways.

Persons: ”, ” “, CNN’s Dana Bash, Rick Klein, Donald Trump, Laura Ingraham, Jesse Watters, Trump, Matt Lewis, Donie O’Sullivan, “, Kamala Harris, they’re, Michelle Obama, Harry Enten, ” Enten, Enten, Harris, “ I’ve, ” Anthony Salvanto, ” Salvanto Organizations: New, New York CNN, ”, ABC News Washington, CNN, Republican, Fox News, Trump, MSNBC, Fox, Journalists, CBS News Locations: New York, “ MAGA, New

☆ I was laid off and forced to retire in my 50s. I wish I'd started planning sooner, but my investment portfolio helped — and life is good.
▼ + stars: | 2024-10-30 | by ( ) www.businessinsider.com time to read: +7 min

They have IRAs, savings accounts, and an investment portfolio to help during retirement. Like most people, I didn't really start thinking about retirement until I was past my mid-40s. With no house or vehicle payments, utilities, or property taxes, our investment income exceeds our budgeted monthly living expenses. Outside of that, we have our IRAs, savings accounts, and a small self-directed investment portfolio. Life Is What You Make ItLooking back, I wish I'd started sooner, but I was fortunate.

Persons: Chris Mott, couldn't, Mott, —, I'm, Chris, Kim, Dodge, I've, It's, we've, I'd, Gigi, Papa, Manseen Logan Organizations: Service, Western, Social Security Locations: California, Western United States, Canada, Orange County, Yorba Linda, Vancouver , Washington, Orange, Lake Havasu, mlogan

☆ Coinbase shares tumble as muted crypto trading leads to a third-quarter miss
▼ + stars: | 2024-10-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Monitors display Coinbase signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Coinbase Wednesday reported weaker-than-expected third-quarter results, weighed down by muted trading in the cryptocurrency market. Coinbase has been an active lobbyist for the crypto industry this year, spending millions backing pro-crypto political action committees. While crypto price action has been tepid, the market cap for stablecoins reached new highs, helping push Coinbase's third-quarter stablecoin revenue to $246.9 million. That revenue could be challenged in the current quarter with interest rates expected to continue coming down.

Persons: Bitcoin, Coinbase, Stablecoins, stablecoins Organizations: Nasdaq, Coinbase, LSEG, Revenue Locations: New York, U.S

☆ U.S. dollar rally pauses before jobs data, Aussie droops on RBA outlook
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: +4 min

An Australian one dollar coin sits atop a United States one dollar bill in this illustration photo taken February 12, 2016. The dollar hovered close to a three-month peak on Wednesday in a big week for macroeconomic data that could reveal the path for U.S. monetary policy. The Australian dollar edged closer to a three-month trough after some stickiness in inflation suggested a Reserve Bank of Australia interest rate cut is unlikely this year. The ADP employment report is due later in the day, ahead of the potentially crucial monthly payrolls report on Friday. "The U.S. dollar continues to garner strong support as markets adjust their rate path expectations," said James Kniveton, senior corporate FX dealer at Convera.

Persons: James Kniveton, Kniveton, Donald Trump, Rachel Reeves, Keir Starmer, Liz Truss Organizations: Reserve Bank of Australia, Federal Reserve, U.S ., Reserve Bank, Australia's, U.S, Treasury, Republican, European Central Bank, Sterling, Labor Locations: States, U.S, Australia, Europe

Former President Donald Trump’s promises that he’ll win New York are more empty bluster than evidence-based prediction. Two statewide Siena polls have also shown Trump performing better than his 2020 vote share in New York State as a whole. But overall, these races include the most competitive around New York State, and all but the 18th are currently represented in Congress by a Republican. Democrats are not concerned about the top of the ticket, but for those down ballot — where Democrats lost five competitive House races here in 2022 — this election is a chance to earn back what was once theirs. “Progressive state issues like bail reform and congestion pricing remain challenging for Democrats in the New York suburbs,” longtime New York Republican operative Matt Coleman said.

Persons: Donald Trump’s, Trump, Kamala Harris, Harris, Joe Biden’s, Biden, Siena, Elise Stefanik, “ Kamala Harris, Joe Biden, ” Stefanik, He’s, Eric Adams ’, Kathy Hochul’s, Hakeem Jeffries, ” Jeffries, Matt Coleman, Hochul ‘, “ Hochul, “, that’s, Mike Lawler, Anthony D’Esposito, ” Coleman, ” Organizations: Empire, New York Times, Siena College, Trump, New York State, New, NBC News, National Republican, Committee, District, Republican, New York, Democrat, ”, Democratic, Garden, Democrats, NBC, Republicans, New York Republican, Madison, Puerto Ricans, GOP Locations: New York, New York City, Siena, Long, Hudson, Syracuse, New, ” New York, Madison, Brooklyn, Manhattan

☆ This is a coin flip election, says Axios' Mike Allen
▼ + stars: | 2024-10-29 | 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 EmailThis is a coin flip election, says Axios' Mike AllenAxios co-founder Mike Allen joins 'Squawk Box' to discuss the state of the 2024 election, closing messages from Vice President Harris and former President Trump, Washington Post's decision not to endorse a candidate, and more.

Persons: Axios, Mike Allen Axios, Mike Allen, Harris, Trump Organizations: Washington

☆ Rare dime hidden in bank vault for decades fetches $500,000 at auction
▼ + stars: | 2024-10-28 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

TOLEDO, Ohio — An extraordinarily rare dime whose whereabouts had remained a mystery since the late 1970s has sold for just over $500,000. Three sisters from Ohio inherited the dime after the death of their brother, who had kept it in a bank vault for more than 40 years. The coin sold for $506,250 in an online auction that concluded Sunday, according to Ian Russell, president of GreatCollections, an auction house based in Irvine, California. The only other known example of the “1975 ‘no S’ proof dime” sold at a 2019 auction for $456,000 and then again months later to a private collector. The mint in San Francisco made more than 2.8 million special uncirculated “proof” sets in 1975 that featured six coins and were sold for $7.

Persons: Franklin D, Roosevelt, Ian Russell, Russell Organizations: U.S . Mint Locations: TOLEDO , Ohio, San Francisco, Ohio, Irvine , California

☆ Bitcoin briefly tops $70,000 for the first time since June as investors await earnings, Election Day
▼ + stars: | 2024-10-28 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

In regular trading on Monday, crypto exchange platform Coinbase gained 5% and bitcoin proxy MicroStrategy jumped nearly 9%. The price of bitcoin was last higher by about 3% at $69,925.00, according to Coin Metrics. Bitcoin briefly climbed above $70,000 as investors braced themselves for MicroStrategy earnings and counted the days to the U.S. presidential election. The outcome is widely viewed as a key catalyst for the price of bitcoin, but investors have watching and waiting as the election approaches. Last week, bitcoin surged toward $70,000, but it ultimately fell short of the threshold.

Persons: Stocks, MicroStrategy, bitcoin, Bitcoin, Donald Trump, Kamala Harris Organizations: Metrics, U.S, Republican, Democratic

☆ This crypto business just acquired a Swiss asset manager to take their business to the next level
▼ + stars: | 2024-10-28 | by ( ) www.businessinsider.com time to read: +4 min

The acquisition of Crypto Finance Asset Management by Matrixport is taking the crypto financial services hub into new markets. The new acquisition is an entry point to the European crypto asset management marketKeen to maximize what it offers its investors, Matrixport has gone one step further through the 100% equity acquisition of Crypto Finance (Asset Management) AG (CFAM), a licensed Swiss crypto asset manager. Previously part of the Deutsche Börse Group-owned Crypto Finance Group, following the all-cash acquisition, CFAM will be renamed to Matrixport Asset Management (MAM). Through the acquisition, Matrixport gains entry into the European crypto asset management market. With such an array of services available, the acquisition enables clients access to innovative crypto asset management products.

Persons: Matrixport, Keen, CFAM Organizations: Crypto Finance, Management, Asset Management, Deutsche Börse, Matrixport Asset, Swiss Financial Market Supervisory Authority, MAM, US Securities, Exchange, underwriters, APEX Group, Insider Studios Locations: Swiss, Europe, Hong Kong, Matrixport

“A complete jump ball,” said Dennis Lennox, a Republican strategist who works in Michigan. “Nobody really knows what will happen.”Beyond the suburbs, Republicans see opportunities to peel off traditionally Democratic voters, like Black men. Now, many Lebanese American and Palestinian American voters in Michigan say they will not vote for Harris under any circumstance. And she signaled that she believes support for Harris from Republicans like Upton could be key to the race. “This is the center of the political universe, here in Michigan.”Alex Seitz-Wald reported from Camden, Maine; Henry Gomez reported from Detroit, Michigan.

Persons: Kamala Harris, Haley Stevens, Harris, Donald Trump, “, ”, she’s, Sen, Mitt Romney, It’s, Liz Cheney, Fred Upton, Trump, Ron Robinson, “ I’ve, ” Robinson, Biden, it’s, Dennis Lennox, “ Trump, ” Lennox, Barack Obama, Pamela, Harris canvasser, —, Obama, I’ve, Liz Cheney's, Alabas, Lyin ’ Kamala Harris, ” Trump, Dick Cheney, Massad Boulos, Tiffany Trump, Boulos, Lara Trump, Trump’s, Jill Stein, ‘, Gretchen Whitmer, Upton, Tim Walz, ” Whitmer, Republicans don’t, Jennifer Conlin, Ann Arbor, “ I’m, ” Conlin, …, ’, Paul Hudson, Hillary Scholten, ” Hudson, ” Alex Seitz, Wald, Henry Gomez Organizations: DETROIT, Democratic, Democrat, Democratic Party, Republican, Utica City, Michigan House, Trump, Michigan Arab, U.S, Lebanese, Palestinian American, Lebanese American Democrat, Dearborn, Renaissance, Republican National Committee, NBC News, Republicans, ” Locations: Michigan, Gaza, Oakland County, Detroit, Bloomfield Hills, R, Utah, ”, Detroit’s Macomb County, Utica, “, LaSalle Washington, Washington, Lebanon, Dearborn, Iraq, Lebanese American, Rochester, Ann, Grand, Camden , Maine, Detroit , Michigan

☆ 14 earnings reports and major economic data will be the stock market movers this week
▼ + stars: | 2024-10-27 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

The Street is looking for Stanley Black & Decker sales of $3.8 billion in the third quarter and earnings per share (EPS) of $1.05. The Street is looking for Linde sales of $8.35 billion in the third quarter and EPS of $3.89. In addition to the headline results and forward guidance, overall organic sales growth and data center energy power demand will be focus items for investors. The Street is looking for sales of $94.47 billion in its fiscal fourth quarter and EPS of $1.55. The Street is looking for Coterra sales of $1.3 billion in the third quarter and EPS of 34 cents.

Persons: That's, It's, Stanley Black, Decker, we're, We're, Eli Lilly, Lilly, Amy Hood's, Brian Niccol, Wednesday's, Linde, it's, we'll, Phillips, Horton, Kraft Heinz, SIRI, Estee Lauder, BUD, Cardinal Health, Jim Cramer's, Jim Cramer, Jim, Stephanie Keith Organizations: Nasdaq, Dow, Fed, PCE, YouTube, Justice, AMD, GE Healthcare, Reality Labs, Microsoft, Management, Starbucks, U.S, Presidential, Linde, Apple Intelligence, Amazon, Services, Coterra Energy, WM, Cadence Design Systems, Labor, PayPal, BP, Pfizer, Royal Caribbean Cruises, JetBlue, HSBC, Devices, Grill, Electronic Arts, EA, Gross, Caterpillar, Brinker International, AFortive Corporation, Illinois Tool, Coinbase, eBay, EBAY, Booking Holdings, MGM Resorts, MGM, Bausch Health, LIN, Merck, ConocoPhillips, Mastercard, Altria, Cruise, Myers Squibb, Comcast, Mobileye, Cheniere Energy, Regeneron Pharmaceuticals, Anheuser, Busch InBev, Intel, United States Steel, Juniper Networks, Chevron, Exxon Mobil, Dominion Energy, Charter Communications, LyondellBasell Industries, Cardinal, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Eaton, Corning, Illinois, Bristol, New York City

“Victory runs through Philly and it runs through Pennsylvania.”Over the course of the day, the vice president also attended a church service at a predominantly Black church, stopped at a barbershop, and popped into a Puerto Rican restaurant — all part of a concerted effort to court Black and Latino voters. The Commonwealth sits at the base of the Democrats’ “blue wall,” along with Michigan and Wisconsin — states that Donald Trump swept in 2016 before Joe Biden did the same four years ago. Besides stopping at local businesses, Harris visited with a youth basketball team and rolled out a new campaign ad. “Here’s the thing that people like Donald Trump don’t understand: We’re Philly. “We can, and we must seize this opportunity to end this war and bring the hostages home,” Harris said.

Persons: Kamala Harris, Harris, Cherelle Parker, “ We’re, ” Harris, Donald Trump, Joe Biden, Trump, ”, —, “, Donald, We’re, Liz Cheney Organizations: CNN, Hakim’s, “, Commonwealth, Eagles, Trump, ” Locations: Philadelphia, Pennsylvania, West Philadelphia, Philly, Puerto Rican, Michigan, Wisconsin, Wyoming, America, Gaza

☆ Big Tech CEOs are calling up Trump, seeking to rekindle their relationship with former president ahead of Election Day
▼ + stars: | 2024-10-27 | by ( Steve Contorno | Alayna Treene | ) edition.cnn.com time to read: +8 min

The stepped-up push by some of the world’s most influential Big Tech leaders to speak with the former president ahead of Election Day comes amid an exceptionally tight race between Trump and Vice President Kamala Harris. And it’s the latest sign of the greater business community seeking to rekindle a relationship with the former president in anticipation of a potential second term. I don’t want to have him, his administration, going after us,’” a person close to Trump told CNN. “If you look at Google lately, I think you’re going to see they’ve become much more inclined towards Trump,” the former president told conservative radio host Hugh Hewitt. “Let me tell you: All of those companies will be set free, if you have the right president,” Trump said.

Persons: Donald Trump, Tim Cook chatted, Trump, Sundar Pichai, “, ” Trump, Joe Rogan’s, Andy Jassy, Mark Zuckerberg, Kamala Harris, Elon Musk, Musk, ’, Evan Vucci, Jassy, Jeff Bezos, Michael M, Zuckerberg, he’s, Joe Biden’s, ”, Hugh Hewitt, “ They’re, Cook, ” CNN’s Clare Duffy, Kate Sullivan Organizations: CNN —, Trump, Apple, Las, Google, Republican, Amazon, CNN, Meta, Big Tech, Mar, Department of Justice, Silicon, Washington Post, Getty, Associated Press, titans, Facebook, Biden’s Department of Justice, Economic, of Chicago, European Union Locations: Europe, Las Vegas, Pennsylvania, Butler , Pennsylvania, New York City, Austin , Texas, Menlo Park , California, Harris

☆ Kamala Harris calls Trump a 'fascist' as she argues he's 'dangerous' and unfit for office
▼ + stars: | 2024-10-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +5 min

Vice President Kamala Harris called former President Donald Trump a “fascist” at a CNN town hall Wednesday in Pennsylvania — echoing his onetime chief of staff's criticism as she makes a more vocal pitch to voters that he is unfit for office. “Do you think Donald Trump is a fascist?” host Anderson Cooper asked Harris. Come on!”Vice President Kamala Harris during a CNN Presidential Town Hall at Sun Center Studios, in Aston, Pa., on October 23, 2024. In his social media post, Trump did not directly respond to Harris' calling him a "fascist." Later in the town hall, Harris opened up about her religious faith in a way she rarely does.

Persons: Kamala Harris, Donald Trump, John Kelly, “, Trump, Adolf Hitler's, Harris, ”, Anderson Cooper, Andrew Harnik, Kelly's, Liz Cheney, ” Trump, Adolf Hitler, Hitler, Trump's, wasn't, Tim Walz, Harris ’, it’s, I’ve, Robert F, Kennedy Jr, Tulsi Gabbard Organizations: CNN, Marine, White House, Trump, United, CNN Presidential, Sun Center Studios, Minnesota Gov Locations: Pennsylvania, United States, Aston, Pa, Oakland , California, Traverse City , Michigan, Detroit, Michigan, “, America

☆ Meet the millionaires next door who grew their wealth without a superstar job or get-rich-quick tricks
▼ + stars: | 2024-10-22 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +11 min

"We aren't flashy with our wealth because money isn't our ultimate goal," one said. Gary said they had an "incredibly average" path to wealth, emphasizing prudent investments and modest living. Some stories of people striking it rich and retiring early include unrelatable circumstances, such as family wealth, entrepreneurship, or a superstar career at the top of the corporate ladder. Lawrence Delva-Gonzalez and his wife grew their net worth from $150,000 in debt in 2012 to $1.3 million in 2024. AdvertisementJustin Hall and his wife now live a nomadic lifestyle after retiring early.

Persons: —, Anthony Drew Gary, Gary, could've, Xiao Yu, Xiao Yu Yu, It's, Yu, they're, it's, Lawrence Delva, Gonzalez, Delva, Justin Hall Organizations: Service, Indiana, Aldi, Federal, Federal Reserve, Marine Corps, Justin Hall Hall, Air Force Locations: Indianapolis, China, Washington, DC, Port, Prince, Haiti, Tallahassee, Virginia

☆ World Series predictions: Our experts make their picks
▼ + stars: | 2024-10-22 | by ( The Athletic Mlb Staff | ) www.nytimes.com time to read: +7 min

The World Series is here and the Goliaths are set to battle for the trophy. This World Series match-up of coastal behemoths may have seemed inevitable but it has, in fact, been a rarity in the expanded playoff era. And their relievers will be needed even more in this World Series. GO DEEPER Yankees, Dodgers to square off in World Series: 5 storylines to watchC. Trent Rosecrans (Dodgers): It’s the depth of the lineup. season in the Bronx will end — with him raising the World Series MVP trophy.

Persons: Sully Sullenberger, Derek Jeter, Dodgers haven’t, Kirk Gibson hobbled, Orel Hershiser, Eno, Ruths, Zack Meisel, Rob Manfred’s, Shohei Ohtani, Sam Blum, they’ve, Jen McCaffrey, Kaitlyn McGrath, Aaron Judge, Trent Rosecrans, Keith Law, Brittany, Dave Roberts, we’ll, Shohei, Juan Soto, Ohtani, Brendan Kuty, Giancarlo Stanton, Andy McCullough, Alex Vesia, Brusdar, Yoshinobu Yamamoto, Tyler Kepner, Sammon, Sahadev Sharma, Chandler Rome, Freddie Freeman, Stephen Nesbitt, Juan Soto’s, Patrick Mooney, Steve Berman, ’, Ken Rosenthal, Noah Furtado, Soto, Mookie Betts, Luis Gil, Jim McIsaac Organizations: Yankees, Dodgers, MLB, New York Yankees, Los Angeles Dodgers, . Dodgers, Dodgers ’, Rosenthal, Dodger, Mets, Cleveland, American League, National League Locations: Hudson, Orel, York, Bronx

☆ Hoard of silver coins dating from Norman Conquest is Britain’s most valuable treasure find ever
▼ + stars: | 2024-10-22 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

London CNN —A hoard of Norman-era silver coins unearthed five years ago in southwestern England has become Britain’s most valuable treasure find ever, after it was bought for £4.3 million ($5.6 million) by a local heritage trust. The coins date from one of the most turbulent periods in English history. “The hoard was buried in around 1067-1068 on an estate in Chew Valley which later belonged to Giso, the Bishop of Wells. We think it was probably buried for safekeeping during the time of rebellions against William in the South West. Finding coins that were in use almost 1,000 years ago is exceptionally rare – this hoard contains twice as many coins from during Harold II’s reign as had previously been found.

Persons: King Edward the Confessor, Harold Godwinson, Earl of Wessex, Harald Hardrada, King of Norway, William, Duke of Normandy, Edward, King Harold II, Harold II, William I, William the, Amal Khreisheh, Wells, “, Harold’s, Khreisheh, Harold II’s Organizations: London CNN, British, South West Heritage Trust, British Museum Locations: London, England, Chew, Bristol, Hastings, Chew Valley, Giso, South, Exeter, Ireland, Somerset

☆ Tudor Jones is long gold and bitcoin as hedge fund titan believes 'all roads lead to inflation'
▼ + stars: | 2024-10-22 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

"I think all roads lead to inflation," Jones told CNBC's "Squawk Box" on Tuesday. "I'm long gold. I'm long bitcoin. I think commodities are so ridiculously underowned, so I'm long commodities. @GC.1 YTD mountain Gold, YTD The CBO expects deficits will hit $2.8 trillion by 2034, up from $1.8 trillion in fiscal 2024.

Persons: Paul Tudor Jones, Jones, CNBC's, That's, Robin Hood, Donald Trump, Bitcoin Organizations: Trump, Nasdaq, Tudor Investment, Robin, Robin Hood Foundation, Congressional, Treasury, Federal, Metrics Locations: U.S

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

☆ A new anti-missile laser downed 100% of its targets while fighting multiple threats at once, UK defense officials say
▼ + stars: | 2024-10-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

The UK says a new anti-missile laser for its aircraft defeated 100% of its targets in a live test. AdvertisementThe UK Defense Ministry said on Sunday that it successfully tested a new air-defense system that tracks missiles midflight and jams them with a precision laser. A new air protection laser defeated 100% of threats during recent live-fire trials. The UK is likely to offer this new technology to its allies, with the ministry statement saying it would be available to "export customers." October 21, 2024: This story was updated to reflect a response from the UK Defense Ministry.

Persons: —, it's, It’s Organizations: Service, UK Defense Ministry, Leonardo, Thales, Royal Air Force, Business, RAF, — Ministry of Defence Locations: Sweden

☆ We are 15 days from the 2024 presidential election. Here's where things stand.
▼ + stars: | 2024-10-20 | by ( Brent D. Griffiths | John L. Dorman | ) www.businessinsider.com time to read: +9 min

The presidential race remains razor close, with control of the White House at a coin-flip. AdvertisementIn just over two weeks, Election Day 2024 will be here — a final cap to a wild, at times unprecedented presidential fight that, for the moment, remains far too close to call. Noted election forecaster Nate Silver's model now shows Trump with an extremely slight lead in what continues to remain a toss-up race. Harris trolled Trump on Friday for being "exhausted," referencing a string of interviews he has reportedly walked away from. In the overwhelmingly conservative state, there's a swing district, the Omaha-based Nebraska 2nd.

Persons: —, Joe Biden, Kamala Harris, Donald Trump's, pollster Kristen Soltis Anderson, iecuUVyJ5e, Kristen Soltis Anderson, Harris, Mark Robinson, Nate Silver's, Harris trolled Trump, Trump, Barack Obama, Hillary Clinton, She's, Mark Cuban, Liz Cheney, Obama, Bruce Springsteen, Clinton, Bon Jovi, He's, It's, Melania Trump, night's Al Smith, Mike Pence, cohosts, Nikki Haley, Elon Musk, Musk, Spencer Platt, Mary, there's, There's, Biden, Trump's, Warren Buffett's Organizations: Service, White, Labor, RCP, Trump, Gov, The New York Times, Democrats, GOP, Capitol, Fox, Tesla, PAC, Getty, Pennsylvania, North Carolina —, Democratic, Electoral, Nebraska, Nebraska Republicans Locations: North Carolina, Wisconsin , Michigan, Pennsylvania, Michigan, Siena, Georgia, Des Moines , Iowa, Philadelphia, New York, Michigan , Pennsylvania, Wisconsin, Nebraska, Maine , Nebraska, Omaha, Minnesota , New Hampshire, New Mexico, Arizona

“The polls — public and private — are closer in this election than any I have ever seen,” said Dan Pfeiffer, a former aide to Barack Obama. Republican pollster Frank Luntz summed up the election with a single gif: A coin flip. The Trump era brought a return of uncertainty after most pollsters and prognosticators missed his 2016 victory, and 2024 is the narrowest polling election of all three of his runs. In 2020, the data correctly predicted Joe Biden’s victory, but Trump came much closer than many expected. “This race is remarkable for its closeness but also the insane stability of polls here in the closing weeks,” said Republican pollster Kristen Soltis Anderson.

Persons: James Carville, ”, “, Kamala Harris, Donald Trump, Dan Pfeiffer, Barack Obama, Jeff Horwitt, Bill McInturff, Tim Malloy, ” “ It’s, ” Nate Silver, Republican pollster Frank Luntz, Matt Gorman, “ It’s, Bush, Gore, Gorman, “ There’s, Hope, decamping, Ronald Reagan, Barack Obama’s, John McCain, Trump, prognosticators, Hillary Clinton, Joe Biden’s, Monmouth University pollster Patrick Murray, ” Murray, Obama, underestimating Harris, gaffes, pollster Kristen Soltis Anderson, Harris, Carville Organizations: Democratic, NBC, Republican, Quinnipiac University, Supreme, Trump, Monmouth University, Electoral College Locations: Manhattan, Florida, Erie County, Pennsylvania

☆ Military leaders who served under Trump sound the alarm about him winning a second presidency
▼ + stars: | 2024-10-19 | by ( Peter Bergen | ) edition.cnn.com time to read: +5 min

And it is senior military leaders who served under him that have most clearly sounded the alarm about Trump. When he became president, Trump staffed his cabinet with senior generals. Despite Trump’s bromance with the military, senior retired generals and admirals haven’t loved him back. We found that five times more flag officers, 255, were critical of Trump, while 54 supported the Trump administration. Given his longstanding loyalty to Trump, Kellogg will likely return to some senior role if Trump wins in November.

Persons: Donald Trump’s, Mark Milley, Bob Woodward, “, Woodward, Jim Mattis, Milley, Trump, ” Trump, George Patton, Douglas MacArthur, Mattis, John Kelly, Michael Flynn, Trump’s, haven’t, ”, Donald Trump, Kelly, CNN’s Jake Tapper, McMaster, …, Gen, Stanley McChrystal, Osama bin Laden, Kamala Harris, ” Unstated, McChrystal, Bill McRaven, —, Mike Mullen, George Floyd “, Keith Kellogg, Mike Pence, Kellogg, Benjamin Netanyahu, ” Kellogg, didn’t, wouldn’t Organizations: CNN, Trump, Joint Chiefs of Staff, Pentagon, McMaster, Trump White House, Operations Command, The New York Times, Washington Post, Joint Chiefs, Israeli, “, Fox News Locations: ”, New York, Vietnam, Washington , DC, Washington, New America

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