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☆ 'Animal spirits': 7 market strategists share how to ride the red wave as US stocks surge to new records
▼ + stars: | 2024-11-10 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Here are eight top places to invest, based on insights from seven market strategists. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A robust, multi-year bull market rally for US stocks reached another gear after the businessman-turned-politician won the presidential election. Traders are convinced that the bulk of Trump's economic policies, which include tax cuts and fewer government regulations, will create a business-friendly backdrop that drives stocks higher. AdvertisementThe world is awash with cash, making scarce assets like gold and bitcoin more valuable, and Thorne also noted that global economic growth is slowing.

Persons: Donald Trump's, —, Donald Trump, David Bahnsen, Kamala Harris, Jeff Schulze, John Maynard Keynes, Anthony Saglimbene, Keynes, Schulze, Saglimbene, Jim Baird, Plante, Sébastien, Rowe Price, Page, Sean Gallagher, Gallagher, Ameriprise, Bahnsen, Jim Thorne, who's, Thorne, Trump Organizations: Investors, Service, Business, Street Global Advisors, ClearBridge Investments, Trump, Financial, Tech, Federal Trade Commission Locations: Trump's, ClearBridge, Canada, Wellington, Altus

☆ Northern Gaza at imminent risk of famine, WHO says
▼ + stars: | 2024-11-09 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +6 min

Northern Gaza is at risk of imminent famine, the World Health Organization said on Friday, as Israel continues its bombardment across Gaza amid threats by the Biden administration to limit military assistance to Israel if it did not allow more humanitarian aid into the enclave. It also said that 713 aid trucks were brought into northern Gaza since the beginning of October. A Palestinian man carries a child injured in an Israeli strike on the Jabalia refugee camp in the northern Gaza on Thursday. Tens of thousands of people have fled northern Gaza to nearby Gaza City in the latest wave of displacement within the besieged territory. A Palestinian child fleeing Beit Lahia in northern Gaza on Tuesday, walks down Salah al-Din road toward Gaza City.

Persons: Biden, Joe Biden, Donald Trump’s, Israel, Benjamin Netanyahu, Trump, Israel's, ”, Netanyahu, EYAD BABA, Scott Paul, Matthew Miller, Fawaz, Itzik Cohen, Beit, Salah al, OMAR AL, Giora Eiland Organizations: World Health Organization, Israel, Getty, WHO, Israel Defense Forces, International Rescue, UNRWA, United Nations, Oxfam America, NBC News, ”, State, London School of Economics, United Nations Human Rights Office, AFP, IDF, NBC News ’, Sky News, Israeli National Security Council Locations: Northern Gaza, Israel, Gaza, Palestinian, AFP, NBC News ’ British, Gaza City, Beit Lahia, OMAR

☆ Hackers are stealing tickets from Ticketmaster customers' accounts. For many, the troubled platform is their only option.
▼ + stars: | 2024-11-09 | by ( Dan Latu | Palmer Haasch | ) www.businessinsider.com time to read: +9 min

It was a reminder for an Usher concert in Dallas on October 5, synced with her Ticketmaster account. Live Nation, worth about $28 billion as of November 8, has a tight grip on the live-entertainment industry. The Live Nation executive recommended Ticketmaster account holders have a unique password not used for any other platforms. AdvertisementShe figured she would have to rebuy tickets, she added, so was surprised and pleased when Ticketmaster reinstated the tickets. People protesting outside the US Capitol the morning of a Senate Judiciary Committee hearing about the merger of Ticketmaster and Live Nation in 2023.

Persons: concertgoers, —, Jasmine McKenzie, McKenzie, who's, Taylor Swift, Mika City, Don Toliver's, Floyd George, Floyd George ", City, Usher, didn't, hadn't, it's, Swift, Drew Angerer Organizations: Ticketmaster, BI, Service, Justice Department, DOJ, Live, Business, CBS News, Better Business Bureau, BBB, Capitol, Oasis, City Locations: Vashti, Dallas, Los Angeles, Nashville, Charlotte, North Carolina, Grand Prairie , Texas, Houston, North America, United Kingdom

☆ Longevity doctors are scrambling to get patients to stop taking flashy, expensive supplements
▼ + stars: | 2024-11-09 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +8 min

Bischof and other longevity medicine practitioners say the trend toward overdoing it has been supercharged in recent years by more aggressive and flashy online marketing of longevity supplements. Overdoing supplements can hurt your healthMore isn't always more when it comes to taking supplements Strauss/Curtis/Getty ImagesIn the past, patients typically hadn't invested in healthy aging supplements on their own. Eventually, Bischof was able to convince the patient to stop taking his longevity supplements. AdvertisementDietician Naras Lapsys, chief clinical officer at Chi Longevity, a private clinic in Singapore, says many people are piling these newer pills on top of older, popular longevity supplements. For patients who are excited about longevity supplements, Bischof recommends cycling them, taking one for a few months, and then pausing instead of taking them continuously throughout the year.

Persons: —, Dr, Andrea Maier, Maier, it's, Evelyne Bischof, isn't, Strauss, Curtis, Bischof, Pharmacologist Myriam Merarchi, Merarchi, pare, Bryan Johnson, Lapsys Organizations: Service, National University of Singapore, Facebook, McKinsey, Hollywood, Chi Longevity Locations: Singapore, China, Switzerland, Israel, Shanghai, Tel Aviv, Swiss

AdvertisementSome venture capitalists expect US President Donald Trump to dial back regulation, potentially making it easier to develop new technologies and do business in Silicon Valley. Related VideoWhile many in Silicon Valley dislike Trump, many VCs and startup founders crave more freedom to pursue riskier new technologies unburdened by regulation. E-acc," referring to the recent Silicon Valley movement that wants technological advancements in AI to move as fast as possible, without any guardrails. Regulation has held Silicon Valley back in recent yearsVCs during Biden's presidency have complained about how tough it's been to get deals done. AdvertisementVCs anticipate an innovation boomAmerica is a country of entrepreneurs, and that's especially true in Silicon Valley.

Persons: —, Donald Trump, Elon, Ben Narasin, we've, Trump, Musk, cheekily, Vance, Augustus Doricko, Kamala Harris, Aaron Levie, Harris, Mark Pincus, Biden's, Louis Lehot, Foley, Lardner, Lina Khan —, it's, Biden, JD Vance, Khan, Mason Angel, who's, he's, Narasin, Ben Thompson, Rainmaker's Doricko, Angel Organizations: Service, Elon, Venture, White, Department of Government, Zynga, acc, Google, Microsoft, Nvidia, Federal Trade Commission, Department of Justice, Trump, Republican, Big Tech, FTC, SpaceX, Space Force Locations: Silicon Valley, Silicon

☆ Why Russia's brain drain is the biggest problem facing its economy
▼ + stars: | 2024-11-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Russia's brain drain has become its economy's biggest problem, an economist told Business Insider. The long-lasting nature of brain drain makes the issue more serious than, say, inflation, which could be remedied by central bank maneuvering. Over the next decade, Russia's economy could devolve into one dependent mainly on its natural resources rather than on the most innovative industries, Portes speculated. That's similar to what other economic forecasters have predicted, with some warning Russia's economy could become de-industrialized as its resources are siphoned off by the war. Advertisement"It will be reduced to a resource economy, a natural resource economy," he said of Russia's future.

Persons: —, Richard Portes, they've, Portes Organizations: Service, London Business School, Russia, French Institute of International Relations, Business, Institute of Economics, Russian Academy of Sciences, Labor, Russian, UC Berkeley Locations: Russia, Ukraine

☆ Beyoncé and rising female pop stars lead the 2025 Grammy nominations: See the full list
▼ + stars: | 2024-11-08 | by ( Olivia Singh | ) www.businessinsider.com time to read: +1 min

The 67th Grammys will take place on February 2 at the Crypto.com Arena in Los Angeles. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The nominees were announced on Friday and include Beyoncé, Chappell Roan, Charli XCX, Billie Eilish, and Sabrina Carpenter in major categories. Keep reading to see who's nominated in the major categories and check out the complete list of nominees here.

Persons: Beyoncé, —, Chappell Roan, Charli XCX, Billie Eilish, Sabrina Carpenter, who's Organizations: Service, Beyoncé, CBS, Paramount Locations: Los Angeles

☆ 'Disclaimer' has a shocking twist ending that centers on an intense sex scene. Star Leila George breaks down filming 2 very different versions of it.
▼ + stars: | 2024-11-08 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +8 min

Star Leila George spoke to BI about filming two versions of the pivotal scene. Leila George in "Disclaimer." AdvertisementThe 'Disclaimer' ending's twist hinges on dual versions of one sex scene, both performed by Leila GeorgeLouis Partridge and Leila George in "Disclaimer." For George, it was important to know that any sex scenes she was doing were essential to the story and not gratuitous. Advertisement"Everyone is safe as long as you're following the moves that you've pre-planned," George said, likening coordinated sex scenes to fight scenes or dance scenes.

Persons: Alfonso Cuarón, Star Leila George, —, Oscar, Cate Blanchett, Catherine Ravenscroft, she's, Stephen Brigstocke, Kevin Kline, Jonathan, Stephen's, Nancy, Catherine, Nicholas, Stephen, Rather, she'd, Leila George, we'd, Leila George Louis Partridge, George, Cuarón, Louis Partridge, Samantha Murray, Partridge, he'd, I've Organizations: Apple, Service Locations: Renée, Italy

☆ I went on an ultra-luxury cruise that sails with up to 68 passengers at a time. I loved it, but it's not for everyone.
▼ + stars: | 2024-11-08 | by ( Jill Schildhouse | ) www.businessinsider.com time to read: +6 min

Scenic Luxury Cruises & Tours delivered just that on my recent nine-day Mekong River cruise through Vietnam and Cambodia on the Scenic Spirit. Jill SchildhouseOne of the biggest trade-offs when sailing on an ultra-luxury small ship is the limited variety of venues and amenities compared to megaships. On my Mekong River cruise, Scenic brought in local performers to share traditional dance and music, offering a close-up view of the region's culture. After just one day on our river cruise, staff knew the names, preferences, and go-to drink orders of many guests. AdvertisementAlthough I received this cruise complimentary from Scenic Luxury Cruises & Tours, the rate for my sailing would have been about $7,075.

Persons: I've, —, who's, riverboats —, Jill Schildhouse, There's, I'd Organizations: Service, Cruises, Tours, Luxury Cruises Locations: Vietnam, Cambodia

☆ Donald Trump's pledge to 'never ban' TikTok will be tough to fulfill, legal experts say
▼ + stars: | 2024-11-08 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

During his 2024 presidential campaign, Donald Trump said he would "never ban TikTok." Business Insider asked legal experts what Trump could do to rescue the app, if he chooses to. In June, the president-elect told the app's users he would "never ban TikTok." Legal experts told Business Insider that TikTok's future in the US is still very much in question despite Trump's election win. Cornell's Hans said any tactic a future Trump administration might take to keep TikTok around would be "uncharted territory."

Persons: Donald Trump, Trump, —, it's, Joe Biden, hasn't, I'm, G.S, Hans, Matthew Schettenhelm, TikTok, Aram A, Barack Obama's, Bloomberg's Schettenhelm, Who's, Schettenhelm, TikTok Trump, Gavoor, Alan Rozenshtein, Cornell's Hans Organizations: Business, Service, Appeals, District of Columbia Circuit, DC Circuit, Trump, Congress, Cornell Law School, BI, Bloomberg Intelligence, Department, Foreign, Justice Department, George Washington University Law, Defense, Trump's, Apple, Google, University of Minnesota, Fast Company, TikTok Locations: China

☆ Bestselling author Minda Harts just adapted her book to the screen. Here are her tips for succeeding in Hollywood.
▼ + stars: | 2024-11-08 | by ( Olivia Singh | ) www.businessinsider.com time to read: +7 min

Author Minda Harts said that stars like Issa Rae inspire her as she steps into Hollywood. Harts, whose debut novel was recently adapted into a short film, said that networking is key to her success. That book led to a short film adaptation, an upcoming psychological thriller about the workplace starring "The Proud Family" actor Kyla Pratt as Harts. Like Rae, Harts wants to diversify her portfolio. If we all can ask ourselves that in every part of the production process, then I think we'll have a more equitable Hollywood," Harts said.

Persons: Minda Harts, Issa Rae, Harts, it's, —, Kyla Pratt, Rae, Marla Aufmuth, Valeisha Butterfield, Johnny Nunez, WireImage Harts, Dalvin Adams Harts, Reese Witherspoon, Witherspoon, Daisy Jones, She's, Reese Organizations: Hollywood, Service, YouTube, America, Seed Media, Arts Productions, Texas Conference, Women Locations: Vegas, Hollywood, Harts

☆ Warner Bros. Discovery says it will beef up ads on its Max streaming service
▼ + stars: | 2024-11-07 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Discovery says it will beef up ads on its Max streaming service. Max added 7.2 million subscribers in its third quarter, reaching 110.5 million total subscribers. Discovery's Max streaming service. The newest player in streaming ads, Amazon, recently said it would increase its ad load in Prime Video after rolling out ads to the service in January. Rival Netflix, by comparison, added 5.1 million subscriptions in its most recent quarter and now has 282.7 million subscribers in total.

Persons: Max, —, WBD, JB Perrette, Perrette, Jennifer Halloran Max, we're, David Zaslav, Jon Steinlauf, who's Organizations: Warner Bros, Service, Boston Red Sox, HBO, Media, DC, Paramount, Pluto, Nielsen, Netflix Locations: Max

☆ What Trump's election victory means for job seekers
▼ + stars: | 2024-11-07 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

Executives focused on hiring told Business Insider that the newfound clarity is already making some employers more willing to post jobs. "Our phone was basically ringing off the hook with companies looking to hire," Lief Larson, CEO of Salesfolks, a staffing firm focused on sales roles, told BI. "We're seeing a pretty healthy number of roles planning to be posted in January, probably more than we even expected," Volberg told BI. A postelection rush to hireAaron Cleavinger, a managing partner at Murdoch Mason Executive Search Group, told BI that he's been "inundated" with new search requests from clients since the election. Rahbar said reductions to immigration could hurt industries beyond agriculture and construction, including tech.

Persons: Donald Trump's, —, haven't, Lief Larson, Tim Glowa, Michelle Volberg, who's, Volberg, she's, that's, Kathleen Lin Hurtubise, Hurtubise, Jason Leverant, Leverant, reshoring, Elon Musk, Aaron Cleavinger, they're, Cleavinger, Peter Rahbar, Rahbar Organizations: Service, Aloha Hospitality Professionals, AtWork Group, Tesla, Murdoch

It all started with a summer project when he was 12 and "super into the game Minecraft," Guo tells CNBC Make It. He recently moved from Southern California to Bali, Indonesia, where he splits a villa with friends and spends his free time surfing. The expense is well worth it for high-quality food, Guo says: "One of the best parts about Bali is how clean and healthy the food is. "Most of my expenses go towards food, but if I do spend money, it's typically towards gifts for family or my girlfriend." As far as what he doesn't spend on, "I absolutely refuse to spend money on things that depreciate in value," like luxury goods, Guo says.

Persons: Steven Guo's, Guo, Steven Guo, Roth, frugally, China who's, We're Organizations: CNBC, University of California, Amazon Prime, YouTube, Transportation Locations: Southern California, Bali, Ruda Putra, Indonesia, Irvine, U.S, Philippines, UK, India, California, Canggu, Portugal, Australia, Hawaii, China, Canada

☆ A top mind at JPMorgan Asset Management warns of clear economic red flag after Trump's big win, despite soaring US stocks
▼ + stars: | 2024-11-07 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

US stocks had one of their best days in years and hit new records after Trump's resounding win over Kamala Harris in Tuesday's election. Both of those moves make sense, said David Kelly, the global strategy chief at JPMorgan Asset Management, in an interview on Wednesday. AdvertisementThe strategy chief has been adamant that higher tariffs — one of Trump's key proposals — would cripple the US economy and endanger the global economic expansion. Related storiesMost economists condemn tariffs, which are taxes on imports, because they tend to lead to higher prices and lower economic growth. Sean Gallagher, the global head of Lazard's small-cap equity platform, made a similar point in a recent interview with Business Insider when asked about Trump's tariffs and Kelly's stance.

Persons: Stocks, Donald Trump, David Kelly, Wall, he's, —, Donald Trump's, Trump's, Kamala Harris, Kelly, Trump, Mahatma Gandhi, I'm, I've, Tom Orlik, who's, Chris Murphy, Susquehanna's, Orlik, Sean Gallagher, Gallagher, maven, He's, inflation's Organizations: House . Market, Service, Nasdaq, US, JPMorgan Asset Management, Republican, JPMAM, Bloomberg Economics, Business, Trump Locations: Tuesday's

☆ Best Date Spots in America, From Man Who's Dated in Every State
▼ + stars: | 2024-11-07 | by ( Mykenna Maniece | ) www.businessinsider.com time to read: +3 min

Matt Wurnig is the creator of the online series 50 Dates 50 States. Wurnig, 28, has been on a date in every state at least twice. He told BI his favorite date spots around the country include hot air ballooning in New Mexico. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Wurnig is the creator of the online series 50 Dates 50 States, which, yes, is exactly what it sounds like.

Persons: Matt Wurnig, —, Wurnig, Melissa Hobley Organizations: Service, Pew Research Center, Bismarck Larks, YouTube Locations: New Mexico, Los Angeles , New York, Miami, Dallas, North Dakota, Montana

☆ Wall Street's most famous floor trader recounts election euphoria at the NYSE and explains how to trade an incredibly bullish fourth quarter
▼ + stars: | 2024-11-07 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Upcoming Fed rate cut and holiday season may sustain market momentum, Tuchman predicts. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Markets reacted strongly to former President Donald Trump's victory over Vice President Kamala Harris in Tuesday's election. He then realized that the strong trend could be held up by more than just election results.

Persons: Tuchman, —, Peter Tuchman, who's, Donald Trump's, Kamala Harris, Dow Jones, you've, Tuchman didn't, that's, there's Organizations: Dow, Service, New York Stock Exchange, Markets, AMD, Nvidia Locations: Tuesday's, Santa Claus

If González’s advantage over Dalmau prevails, the pro-statehood New Progressive Party would make history as the first in Puerto Rico to secure a third consecutive term. Back-to-back pro-statehood governors have held office in Puerto Rico since 2016, when Ricardo Rosselló was elected. Local political parties are largely divided based on the issue of Puerto Rico’s territorial status. An unprecedented shiftNo winner has been certified yet, Jessika Padilla, president of the Puerto Rico Elections Commission, said during a news conference early Wednesday. The Puerto Rico Elections Commission is so far reporting a 58% voter turnout in this year’s election.

Persons: Jenniffer, Juan Dalmau —, “, ” González, González, Dalmau, Ricardo Rosselló, Pedro Pierluisi, Rosselló’s, Wanda Vázquez, Kamala Harris, Donald Trump, ” Gonzalez, Maria, Jessika Padilla, Jesús Manuel Ortiz, Ortiz, Fernando Rivera, Puerto Ricans, Harris Organizations: New Progressive Party, Puerto Rican Independence Party, Citizens, Puerto Ricans, Puerto, Puerto Rico Elections Commission, Local, Trump Cabinet, Popular Democratic Party, Dalmau, “ Alianza ”, Puerto Rico Research, University of Central, Trump, Democratic, Republican Locations: Puerto Rico, Puerto, González, “ Puerto Rico, Puerto Rican, Dalmau, University of Central Florida, U.S

Trump’s Hispanic vote percentage beat the previous record, set by George W. Bush's in 2004, when Bush won as much as 44% of the Hispanic vote. Pennsylvania voter Regino Cruz, 25, said Tuesday that he voted for Trump, believing the former president could improve the economy. In the battleground state of Pennsylvania, 4 in 10 Latino voters supported Trump, up from 3 in 10 in 2020. Carlos Odio, co-founder of Equis Research, a Democrat-leaning polling and research company, said Latino voters who backed Trump liked his prioritization of the economy. “Trump is going to put an end to that.”Hispanic men were key in propelling Trump to victory and a historic Latino vote share.

Persons: Donald Trump, Kamala Harris, Trump, George W, Bush, Barack Obama, Hilary Clinton, joe Biden, Harris underperformed Biden, underperformed Biden, Regino Cruz, ”, Cruz, John B, Puerto Rico, Harris, Sen, Ted Cruz of, Ethan Miller, Eduardo Gamarra, ” Gamarra, Biden, Carlos Odio, ” Odio, “, Odio, Justin Hamel, Artemio Muniz, Muniz, Kalman Nunez, “ Trump, Fernando Rivera, Danny Martinez, Yahaira Rodríguez, ” Christianea Valentine, Vianca Rodriguez Organizations: House, Republican, NBC, Trump, Stetson Middle School, Puerto, Telemundo, CNBC, Democratic, Republicans, Ted Cruz of Texas, Department, Florida International University, Equis Research, Democrat, National Guard, Border Patrol, Bloomberg, Getty, Federation of Hispanic Republicans, Puerto Rico Research, University of Central, “ Locations: Wisconsin, Michigan, Pennsylvania, Texas, Florida, Puerto Rican, Northern Philadelphia, Starr County , Texas, Miami, Dade , Florida, Clark, Las Vegas, U.S, ”, New York, New Jersey, Mexico, Sasabe, Milwaukee, Puerto Rico, University of Central Florida, Philadelphia

☆ Elon Musk says his super PAC won't go away after the 2024 election
▼ + stars: | 2024-11-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

He says his super PAC will "keep going" after this election and is "preparing for the midterms." Musk said he's interested in combating the influence of George Soros in district attorney races. AdvertisementElon Musk signaled on Tuesday that he plans to remain a major player in American politics, even after the 2024 election. At the end of an X Space on Tuesday evening, Musk told listeners that America PAC, the super PAC that the billionaire businessman has funded with at least $119 million, will "keep going after this election." Musk said that his super PAC was "preparing for the midterms and any intermediate elections, as well as looking at elections at the district attorney level."

Persons: Elon Musk, Musk, he's, George Soros, —, It's, who's, Soros, DAs, Larry Krasner, Koch, Sue Altman Organizations: PAC, Service, America PAC, Soros, GOP, Democrat Locations: Philadelphia, Musk's, New Jersey

☆ A free AI tool can help you apply to hundreds of jobs per day. Users said there are risks, but they're worth it.
▼ + stars: | 2024-11-06 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

An AI tool called AIHawk is helping some job seekers apply for hundreds of jobs a day on LinkedIn. Some users told BI the program added false information into their resumesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementA new AI tool released in August is helping some people quickly apply for roles on LinkedIn. Related Video "We've been using AI all along." AdvertisementAIHawk is free but users found problemsAIHawk is one of many AI job application tools on the market.

Persons: —, Federico Elia, AIHawk, Elia, who's, they've, There's, Anthony Ettinger, Ettinger, he's, Roth, Uber, hasn't, he'll, Tommi hasn't, Alexander Alonso, Alonso, Github — Elia, Guilherme, I've Organizations: LinkedIn, Service, Roth IRA, BI, Society for Human Resource Management Locations: Italy, Silicon Valley, Mexico City, Brazil

☆ Jim Cramer ascribes market rally to Trump's victory and pro-big business policies
▼ + stars: | 2024-11-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer reviewed Wednesday's market action, saying the session was shaped by traders who were relieved that the election was over and were getting ready for President-elect Donald Trump's administration. "The fact that we already know the winner is a huge win for the stock market in itself, which makes it a magnet for new money. The electric vehicle maker's CEO Elon Musk has been one the most vocal Trump supporters among his billionaire peers, and Cramer suggested the president-elect is known to reward his allies. "The ironic bottom line is it'll be tough to exceed the Biden regime when it comes to the stock market. Biden was no friend to stocks, but the market went up anyway," Cramer said.

Persons: CNBC's Jim Cramer, Donald Trump's, we'd, Cramer, Elon Musk, Trump, Musk, Biden Organizations: Dow Jones, Nasdaq, Big Tech, Tech, Trump, Biden, Nielsen Locations: Tesla

☆ 4 major wins for YIMBYs on election night — and one loss
▼ + stars: | 2024-11-06 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

Many of the efforts were focused on allocating more funds for affordable housing. They voted for a slew of measures, most of which will create additional funding for affordable housing. Affordable housing bonds in Rhode Island, North Carolina, and BaltimoreSeveral cities and states along the East Coast voted on Tuesday to fund affordable housing bonds. Proponents of stricter rent control say preventing landlords from price gauging is key to protecting the most vulnerable tenants. Freemark argued that it's unclear what the mixed results on rent control mean for the pro-housing movement.

Persons: —, Donald Trump's, Yonah, Karen Bass, Angelenos, Charlotte, Hill, Anselmo —, Freemark, I'm Organizations: Service, Trump, Republican Party, Urban Institute, LA, East Coast, Orlando In, Denver Locations: Angeles, Los Angeles County, LA, Rhode Island , North Carolina, Baltimore, Rhode Island, homebuyers, North Carolina, Asheville, New Orleans, Orlando, Orlando In New Orleans, Orlando , Florida, Denver, California, Hoboken , New Jersey

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

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

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

While on the campaign trail, Trump threatened retribution against some tech companies, including jailing Meta's chief, Mark Zuckerberg. "That is likely to have devastating consequences for US tech companies that sell in foreign markets as well as crippling domestic consumption." Hay said that while most presidents wouldn't have any say on existing cases, "Trump is a bit more of a wild card." AdvertisementBut still, he said, new guidelines wouldn't have much impact on the biggest tech companies. There are fears that if H1-Bs are restricted under the second Trump administration, the US could lose its competitive edge on the world stage.

Persons: Donald Trump, —, Trump, Elon, marveling, — Musk, jailing, Mark Zuckerberg, Zuckerberg, Mark Lemley, Lemley, GlobalData's Neil Saunders, Chris Walton, Walton, there's, George Hay, Hay, wouldn't, Kamala Harris, Dan Romanoff, Joe Biden, Anna Rathbun, Biden, he's, Rathbun, James Brundage, Saunders, Valerie Wirtschafter, Harris, Romanoff, Wirtschafter Organizations: Trump, Big, Service, SpaceX, Big Tech, Google, Justice Department, Department, Barclays, Stanford Program, Law, Science & Technology, Business, Retail, Target, Apple, Cornell University, Republicans, Morningstar, AT, Time Warner, Republican, Walmart, Brookings, Artificial Intelligence, Emerging Technology Initiative Locations: Americas

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