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☆ Robinhood jumps into election trading, giving users chance to buy Harris or Trump contracts
▼ + stars: | 2024-10-28 | by ( John Melloy | ) www.cnbc.com time to read: +2 min

This combination of pictures created on October 25, 2024 shows US Vice-President and Democratic Presidential candidate Kamala Harris in Houston, Texas on October 25, 2024 and former US President Republican presidential candidate Donald Trump in East Del Valle, Austin, Texas on October 25, 2024. Upstart broker Robinhood is jumping into the prediction betting game, announcing Monday users can begin trading the 2024 presidential election that is eight days away. Shortly after, Interactive Brokers launched various political contracts, including on the election. The election markets have generated some controversary this year with some concerned about light volume allowing the markets to be skewed. For now, only the presidential election contracts will be available to trade on the system.

Persons: Kamala Harris, Donald Trump, Robinhood, Kalshi, Polymarket Organizations: Democratic, Republican, Interactive Brokers, Commodity Futures Trading Commission, CFTC, Interactive, Trump Locations: Houston , Texas, East Del Valle, Austin , Texas, U.S

☆ It's getting easier for Americans to bet on the 2024 election
▼ + stars: | 2024-10-28 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Robinhood is the latest platform to allow traders to wager on the 2024 election. A recent federal court ruling opened the door to wider betting on US elections. For now, only the 2024 election contracts will be available. Until a September federal court ruling, betting on US elections was largely limited to a narrow set of academics and students. Related storiesCFTC Chairman Rostin Behnam has strongly opposed election betting, previously testifying to Congress that allowing such wagers would turn his agency into "an election cop."

Persons: Robinhood, —, Donald Trump, Rostin Behnam, Sen, JD Vance, Trump's, Theo Von's, Vance, we've Organizations: Service, Court, Commodity Futures Trading Commission, GOP Locations: New York

☆ Sportradar's betting segment sounds enticing, says Jim Cramer
▼ + stars: | 2024-10-28 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Sportradar's betting segment sounds enticing, says Jim Cramer'Mad Money' host Jim Cramer looks to see if Sportradar is worth adding to your portfolio.

Persons: Jim Cramer

☆ Trump Media shares surge up to 20% after Trump rally in New York City
▼ + stars: | 2024-10-28 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Republican presidential nominee former President Donald Trump holds a rally at Madison Square Garden in New York, NY on Sunday, October 27, 2024. Trump Media stock rose above $46.80 per share in the first hour of trading — eclipsing its recent peak in mid-July, when the company's market value soared after Trump was nearly assassinated at a rally in Pennsylvania. Shares of Donald Trump 's social media company rocketed up as much as 20% on Monday morning, on the heels of the Republican presidential nominee's Sunday campaign rally in New York City. During that time, Trump Media has rolled out a separate streaming app, Truth+, and announced the resignation of its chief operating officer. $DJT," one Truth Social user wrote Monday morning in a Trump Media shareholder group.

Persons: Donald Trump, Trump, Kamala Harris, Critics, Polymarket Organizations: Madison, Trump Media, Republican, Sunday, Trump, Democratic, Rally Locations: New York, NY, Pennsylvania, New York City, Manhattan's Madison

☆ Apple’s iPhone AI debuts today. Here’s what to expect
▼ + stars: | 2024-10-28 | by ( John Towfighi | ) edition.cnn.com time to read: +7 min

Apple’s AI features for iPhones will be available for free to users with any iPhone 16, iPhone 15 Pro and Pro Max, who update to iOS 18.1. Apple Intelligence is also available for iPad and Mac models that support iPadOS 18.1 and macOS Sequoia 15. The AI features rolling out with iOS 18.1The Apple Intelligence features rolling out Monday include improvements to writing and editing, Siri and the Photo app. “Some market participants are optimistic that Apple Intelligence could dramatically boost iPhone shipments soon,” Kuo said in the blog post. Following Apple's new product announcements, customers can pick up the new iPhone 16, 16 Plus, 16 Pro and 16 Pro Max, Apple Watch Series 10, AirPods 4, AirPods Pro 2 and AirPods Max from UK Apple Stores today.

Persons: Pro Max, Siri, Angelo Zino, Dan Ives, ” Ives, didn’t, Chi Kuo, Kuo, ” Kuo, Max, Peter Nicholls, “, Wedbush’s Ives, CFRA Research’s Zino, ” Zino, Apple’s Organizations: CNN — Apple Intelligence, Apple Intelligence, Pro, Microsoft, Google, Apple, Developers Conference, Big Tech, Apple Apple, CFRA Research, CNN, Wedbush Securities, TF International Securities, Regent, AirPods, Apple Stores Locations: London, England

☆ Kalshi CEO Tarek Mansour on the election betting market
▼ + stars: | 2024-10-28 | 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 EmailKalshi CEO Tarek Mansour on the election betting marketKalshi CEO Tarek Mansour joins 'Squawk Box' to discuss the betting market for the 2024 presidential election, election betting competition, and more.

Persons: Tarek Mansour

☆ Trump’s social media company has tripled in value in five weeks
▼ + stars: | 2024-10-28 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Trump Media & Technology Group is losing money, generating very little revenue and its main product Truth Social remains a relatively small player in social media. And yet Wall Street is valuing former President Donald Trump’s social media company at nearly $8 billion, a price tag that has tripled in the span of just five weeks. Since plunging to record lows on September 23, Trump Media’s share price has skyrocketed. Trump Media’s share price saw a sharp decline in July after President Joe Biden ended his reelection bid. “If this were called Joe’s Media Company, we wouldn’t even be talking about it and it wouldn’t have a value anywhere close to this.

Persons: New York CNN —, Donald Trump’s, “ I’ve, ” Gene Munster, Munster, Trump, ” Munster, “, it’s, ” Trump, George Kailas, ” Kailas, Kailas, “ There’s, Joe Biden, Kamala Harris, Harris, ”, Steve Sosnick, Sosnick, ” Sosnick, he’s Organizations: New, New York CNN, New York CNN — Trump Media & Technology Group, Trump, White, Trump Media, Republican, Asset Management, CNN, Democratic, Interactive Brokers, Munster, “, Joe’s Media Company Locations: New York, Munster, Trump’s

The Madison Square Garden event follows a precedent set by campaigns past. President Franklin Roosevelt makes a campaign speech at Madison Square Garden in New York City on October 31, 1936. APRepublican presidential candidate Herbert Hoover is seen at Madison Square Garden on October 22, 1928. APThe crowd responds with a Hitler salute as uniformed members of a German American Bund color guard march at a gathering in Madison Square Garden on February 20, 1939. None of them, however, are on the speaker’s list released by the Trump campaign for the Madison Square Garden rally.

Persons: Donald Trump, Trump, Kamala Harris, “, ”, Grover Cleveland, Herbert Hoover, Franklin D, Roosevelt, John F, Marilyn Monroe, Franklin Roosevelt, George Wallace, It’s, Billy Joel, Elton John, Ronald Reagan, George Pataki, Elise Stefanik –, Republican –, Elise Stefanik, Elizabeth Frantz, Ohio Sen, JD Vance, Elon Musk, Robert F, Kennedy Jr, Mike Johnson, Stefanik, Rudy Giuliani, Tucker Carlson, Danya Gainor Organizations: CNN, Madison, Garden, New, Democratic, Republican, GOP, AP Republican, German, German American Bund, AP, Nazi, Communist Party, Trump, New York, Fox News Radio, New York GOP, Nassau Coliseum, Trump and New York, Fox News Locations: New York City, Coachella, Long, Chicago, America, Las Vegas, Madison, German American, Alabama, Midtown Manhattan, New York, Trump and, Concord , New Hampshire, – Arizona, Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, “ It’s, York City

☆ How to dance the earnings two-step: Recognize initial stock distortions and then act
▼ + stars: | 2024-10-27 | by ( Jim Cramer | ) www.cnbc.com time to read: +18 min

For all we know, the yield curve may simply be going through the birthing of an un-inverted yield curve. GOOGL YTD mountain Alphabet YTD Search used to be so simple. META YTD mountain Meta Platforms YTD Meta Platforms has run big ahead of the quarter. AMZN YTD mountain Amazon YTD Let's get to the two toughest of the week, Amazon and Apple. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: let's, Eli Lilly, nonfarm payrolls, Carl Quintanilla, batty, Jeff Marks, Waymo, Elon Musk, Donald Trump, Kamala Harris, Department's, Mark Zuckerberg, Jensen Huang, Marc Benioff, Trump, Warren Buffett, Jim Cramer's, Jim Cramer, Jim Organizations: CNBC, Microsoft, Apple, Treasury, Federal Reserve, charlatans, Honeywell, Twitter, Club, Gemini, YouTube, Google, Donner Party of cannibalization, AMD, Nvidia, Intel, Merck, Pfizer, Tech Titans, Meta, Amazon Web Services Locations: Wall, cyclicals, California, Philly

☆ The crypto industry has spent millions this election. Here's what it hopes to get in return.
▼ + stars: | 2024-10-27 | by ( Katie Balevic | Kenneth Niemeyer | ) www.businessinsider.com time to read: +6 min

The crypto industry has spent tens of millions on pro-crypto candidates this election cycle. Crypto companies, executives, and super PACs have spent huge sums this election cycle, outspending even perennial big spenders like the Koch family, according to Federal Election Commission filings. The crypto industry has outspent every other industry, injecting almost $120 million into federal races as of August, according to OpenSecrets, a nonprofit that tracks campaign spending. AdvertisementTrump, who once called crypto a scam, has more recently fueled hope that he'd be good for crypto entrepreneurs. Richardson said Exodus also donated $1.3 million to Stand With Crypto, an advocacy organization that focuses on voter registration and informing people about political candidates who support crypto.

Persons: Donald Trump, Kamala Harris, —, Koch, Faireshake, OpenSecrets, Fairshake, — Sen, Katie Porter, Jamaal Bowman, Cori Bush —, Democratic Sen, Sherrod Brown, Republican Bernie Moreno, Crypto, Moreno, JP Richardson, Trump, there's, Gary Gensler, Gensler, Richardson, Harris, Barry DiRaimondo, DiRaimondo, we're, Exodus Organizations: Service, Democratic, Republican, Industry, Business, Securities and Exchange Commission, Trump, SEC, Crypto, New York Stock Exchange Locations: Ohio, America, Nashville

☆ Gold prices have surged in 2024. Here’s how to get in on the gold rush
▼ + stars: | 2024-10-27 | by ( Erika Tulfo | ) edition.cnn.com time to read: +4 min

“Buying gold has never been easier and more accessible.”While gold, typically invested in as a hedge against inflation, has shined this year, there are plenty of things to know before investors join the gold rush. How do you actually go about buying gold? Another consideration when buying gold in the retail market is how the sticker price of the bullion compares to the spot price of gold. But Cavatoni advises having a “round-trip mentality” when purchasing physical gold, emphasizing the importance of the selling stage as much as the purchase process. On the other hand, gold-backed ETFs free consumers from the considerations that need to be made when purchasing physical gold.

Persons: ”, Joseph Cavatoni, “, Cavatoni, “ It’s, ” Cavatoni, prudently Organizations: CNN, Costco, World Gold, of Labor Statistics Locations: China, India, Turkey

☆ The biggest pressing market questions with two months to go in rewarding year
▼ + stars: | 2024-10-26 | by ( Michael Santoli | ) www.cnbc.com time to read: +10 min

And how should investors be thinking about future equity returns as the bull market enters its third year riding stellar multi-year performance and facing demanding valuations? So, expansionary policies that would quicken the economy's metabolism and produce more inflation was exactly what the market craved then – but now? Right now, the S & P 500 is up 42% from 18 months ago and fetches 22-times expected earnings. No reliable augurs of a coming bear market are in evidence: S & P up 10 of 11 months, making a new high in September, credit spreads resolutely narrow, all point to an upside bias over a span of months, at least. .SPX YTD mountain S & P 500, YTD Which leaves the question of just how much upside, if any, a bull should reasonably expect from here.

Persons: Warren Pies, Pat Tschosik, Ned Davis, Donald Trump, payrolls, Harris, Goldman Sachs, Goldman Organizations: Federal Reserve, Treasury, Fed, 3Fourteen Research, Trump, Ned, Ned Davis Research, Dow, Leuthold, quicken, Wall Locations: U.S, China, Wells

Mortgage rates for October 26, 2024, are hovering in the mid-6% range, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. High mortgage rates pushed many hopeful buyers out of the market, slowing homebuying demand and putting downward pressure on home prices. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: they'll, you'll, they've, Freddie Mac, it's, Fannie Mae Organizations: Federal, Fed, Traders, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Mortgage, Association Locations: Chevron

☆ Why these Republicans think voting against Trump could save the GOP
▼ + stars: | 2024-10-26 | by ( John King | ) edition.cnn.com time to read: +11 min

A Nikki Haley voter in the April GOP primary who will be a Kamala Harris voter a week from Tuesday. “If Trump loses, then I think Republicans will start coming back to what they were,” Pesce said. But London is voting for Harris – the first time she will vote Democrat for president. As she ponders hers, she shares this: “I think Trump is going to win.” That, she said, is based on betting lines, not the polls. “They think at the 11th hour people will have such reservations about Trump that it will cause them to vote for Harris.

Persons: Pennsylvania CNN — Michael Pesce, Pesce, ” Pesce, “, Nikki Haley, Kamala Harris, Donald Trump, Harris, Trump, I’m, Michael Pesce, Haley, Joe Biden, ”, Joan London, Harris –, John King, Biden, Pat Toomey, ‘, Hillary Clinton, Harris Cynthia Sabatini, Sabatini, “ Trump, ” Sabatini, ” Cynthia Sabatini meditates, CNN Sabatini, Harris aren’t, meditates Organizations: Pennsylvania CNN, Coast Guard, Reagan Republican, White, CNN, Republicans, South, Democratic, Trump, Republican, GOP, Biden, Media, Pennsylvania Locations: Tripoli, Pennsylvania, New Tripoli , Pennsylvania, Philadelphia, South Carolina, New Tripoli, Lehigh County, Bucks County, Berks, battlegrounds . Berks, London, Philly, Montgomery County, Wyomissing, Wyomissing , Pennsylvania, Ukraine, ”, …, Berks County, Delaware County, Media , Pennsylvania, “, Trump

☆ Madison Square Garden versus the White House Ellipse: where Trump and Harris are making their final pitches
▼ + stars: | 2024-10-26 | by ( Eric Bradner | ) edition.cnn.com time to read: +9 min

The former president is returning to his hometown on Sunday for a rally in one of New York City’s most iconic landmarks, Madison Square Garden. Harris and Trump have made clear the issues they’re highlighting in the campaign’s last days. That argument illustrates what a Harris administration would look like compared with the threat Harris says Trump poses, the official said. The vice president continued that celebrity-fueled push Friday night in Texas – a rare visit to a state that is not a presidential battleground. The Madison Square Garden rally will be one of the most-covered moments of the race – with media coverage reaching into all seven swing states.

Persons: Donald Trump, Kamala Harris, Harris, Trump, Roe, Wade, She’s, Trump’s, ” Trump, –, ”, Harris ’, Tim Walz, “ She’s, He’s, ” Walz, Georgia –, Barack Obama, Harris detoured, Willie Nelson, ” Harris, Michelle Obama, It’s, Ronald Reagan, “ Kamala, she’s, Ohio Sen, JD Vance, They’re, ” Vance, “, ” CNN’s Priscilla Alvarez, Kit Maher, Aaron Pellish, Terence Burlij, Kate Sullivan, Kevin Liptak, Samantha Waldenberg Organizations: CNN, White, Capitol, CNN’s, Madison, Garden, Minnesota Gov, Sun, Houston, Lone Star State, Trump, New York City, Republican, GOP, New York, Fox News Radio, State, Democratic, The New York Times, Siena College, Oakland County GOP Locations: New York, Madison, “, America, Las Vegas, ”, North Carolina, Georgia, Texas, Michigan , Pennsylvania, Wisconsin, Arizona , Georgia, Nevada, Michigan, Madison Square, New, Austin , Texas, Austin, Oakland County, Detroit

☆ Q3 Earnings: Welcome to the ‘show me the money’ quarter
▼ + stars: | 2024-10-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

In what some analysts are calling the “show me the money” quarter, most of the major US tech titans will report earnings during Halloween week. “Tech companies have been spending billions on AI like kids in a candy store,” said David Laut, chief investment officer at Abound Financial. “Now investors want to see what they’re getting for their money.”Earnings season for tech got off to a strong start Wednesday evening when Tesla surprised Wall Street with better-than-expected earnings. The results sent Tesla’s shares surging more than 11% in after-hours trading, potentially setting a positive tone for next week’s parade of tech earnings. But there’s more spooking Wall Street than just tech earnings.

Persons: ”, David Laut, Tesla, Tesla’s, Jim Reid, Dan Ives Organizations: New, New York CNN, Google, Microsoft, Meta, Apple, Nvidia, “ Tech, “, ChatGPT, Reserve, Deutsche, Wedbush Securities Locations: New York, Canada, France

☆ The world's most accurate economist predicts the election outcome and its potential shock impact on the 10-year Treasury
▼ + stars: | 2024-10-26 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Right now, he has his sights set on the US election, with its high stakes and wide range of economic possibilities. AdvertisementThe third scenario is a Trump win with a Republican sweep, which Barraud believes is the most likely outcome. In the short term, it would have a positive impact on US economic growth, creating a GDP boost in 2025 between 2.1% and 2.3%, he said. If Harris wins with a dividend Congress, yields could drop further from where they are, he said. This time, election forecasting includes monitoring multiple poll-betting markets with the highest volume of users to gauge election outcomes.

Persons: Christophe Barraud, —, Barraud, Kamala Harris, Donald Trump, Trump, there's, Harris Organizations: Service, Bloomberg, Market Securities Monaco, Trump, Republican Locations: Washington

☆ Meet the billionaires battling it out in the 2024 World Series
▼ + stars: | 2024-10-26 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

The Dodgers and Yankees will face off in the MLB 2024 World Series. AdvertisementWhen the Dodgers and Yankees take the field to battle it out for the 120th World Series championship, the players won't be the only ones with trophies on the line. The financier is worth $6 billion, according to Forbes. Now, the team is owned by George's kids, Hank Steinbrenner, Jessica Steinbrenner, Hal Steinbrenner, and Jennifer Steinbrenner Swindal. Related storiesThe bulk of the Steinbrenners' fortune is tied up in the Yankees, which is MLB's most valuable franchise, worth $7.93 billion, according to Sportico.

Persons: Mark Walter, Steinbrenner, —, Walter, Magic Johnson, Stan Kasten, I'm, Johnson, George Steinbrenner, Hank Steinbrenner, Jessica Steinbrenner, Hal Steinbrenner, Jennifer Steinbrenner Swindal, Forbes, I've, Marc Lasry, Sportico, Banks, Goldman Sachs, Ivo Voynov Organizations: Dodgers, Yankees, Sports, Service, Guggenheim Partners, Forbes, Atlanta Braves, Los Angeles, MLB, Los Angeles Times, CBS, franchise's YES, Major League Soccer's New, Major League Soccer's New York City FC, Legends Hospitality, Italian soccer, AC Milan, Professional, Yankee, Milwaukee Bucks, Citi Private Bank Locations: Major League Soccer's New York, Italian

☆ Trump and allies spread false noncitizen voting claims and World Series preview: Morning Rundown
▼ + stars: | 2024-10-25 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +10 min

A World Series matchup for the ages is set to begin. The teams haven’t met in the World Series since 1981, and there are a host of other benchmarks that make this series extra exciting. Sports reporter Rohan Nadkarni explains the significance of this year’s Fall Classic and what to watch for:⚾ What makes the 2024 World Series so exciting? “Nevada” by YoungBoy Never Broke AgainRead more about the 2024 World Series. The report coincidentally comes on the eve of the World Series, one of the biggest sporting events in the U.S.

Persons: Donald Trump, Trump, Chelsea Stahl, Jeff Vega, Brandy Zadrozny, ➡️ Trump, Hitler, Jack Smith, Gen, Harris, Kamala Harris, Barack Obama, Bruce Springsteen, Beyoncé, ➡️ Harris, Harris ’, ➡️ Tim Sheehy, It’ll, Mike Johnson, —, haven’t, Rohan Nadkarni, It’s, Ohtani, Aaron Judge, Mookie Betts, Freddie Freeman, Juan Soto, Giancarlo Stanton, ostseason, ames, S. Organizations: NBC, Trump, Election, Republicans, ➡️, Republican, Navy, Los Angeles Dodgers, New York Yankees, American League, National League, Dodgers, Yankees, New, Los Angeles Locations: Michigan, Wisconsin, U.S, Arizona, Nevada, Trump’s, Atlanta, Houston, Montana, New York, ely

☆ Nestlé and L'Oréal are betting on a longevity supplement made from pomegranate juice
▼ + stars: | 2024-10-25 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +9 min

Urolithin A supplement company Timeline has investments from both Nestlé and L'Oréal. This year, the conversation quickly turned to the supplement du jour, the compound that has drawn investment from both Nestlé and L'Oréal: Urolithin A. Starting in 2008, Rinch's supplement company, Amazentis, funded over a dozen studies on urolithin A, including some relatively large, placebo-controlled trials in people — a rarity in supplement research. Urolithin A has also captured the attention of longevity researchers, who are typically more skeptical about products promising to make you young again. Timeline was on the agenda at this year's ARDD, an annual longevity research conference held in Copenhagen in August.

Persons: —, There's, Urolithin, Hilary Brueck, Chris Rinsch, Rinsch, Johan Auwerx, Amazentis, Auwerx, He's, Mark Hyman, Dave Asprey, Gwyneth Paltrow's, Will Cole, Dominic Denk, Denk, wouldn't, Timeline's, Andrea Maier, it's, Maier Organizations: Service, VC, Business, Frankfurt University Hospital, National University of Singapore Locations: Gstaad, Swiss, skincare, urolithin, Davos, Copenhagen, Germany, Switzerland, Nestlé

☆ The last time markets were this good was 20 years ago. Can we keep it up?
▼ + stars: | 2024-10-25 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

Until this week’s pullback, the market’s recent performance told a remarkable story. The S&P 500 rose for 37 of the last 51 weeks, matching a record reached in both 1989 and 2004. Political uncertaintyWith polls showing a tight race for the White House, investors have been increasingly on edge about the prospect of former President Donald Trump winning the election. While polls remain effectively dead even, political betting markets have swung in Trump’s favor since the start of this month. Deutsche Bank analysts warn that the recent rally may be difficult to sustain given these historically high valuations.

Persons: Donald Trump, Trump, ” Steven Ricchiuto, Henry Allen, it’s Organizations: New, New York CNN, Dow, Nasdaq, White House, Mizuho Securities, –, Deutsche Bank, Apple, Microsoft, Presidential, Federal Locations: New York, Israel

The rise of online betting has led the commercial gambling industry to balloon worldwide, posing a significant threat to public health, according to a new report. The report, published Thursday, comes from a public health commission on gambling convened by the medical journal The Lancet. The report highlighted the role online gambling has played in the rising availability of commercial gambling as a whole. Belgium, the Netherlands and Ontario, for example, have varying restrictions on gambling advertising, including online gambling. A 2015 paper found that online gambling could lead to the emergence or aggravation of gambling problems.

Persons: “ We’re, ”, Louisa Degenhardt, Heather Wardle, “, FanDuel, Alan Feldman, Feldman, Wardle Organizations: University of New, D.C, American Gaming Association, Pew, University of Glasgow, University of Nevada, Las Vegas, Gaming Institute, MGM, Council for Responsible Gaming Locations: University of New South Wales, Sydney, U.S, Washington, Scotland, Belgium, Netherlands, Ontario, Germany, Spain, Sweden, Norway, Massachusetts , Illinois, Virginia, Pennsylvania, Las

☆ French trader bet over $28 million on Trump election win using 4 Polymarket accounts
▼ + stars: | 2024-10-24 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Vice President and Democratic presidential candidate Kamala Harris speaks at a campaign event at the Erie Insurance Arena in Erie, Pennsylvania, on October 14, 2024. A stark shift toward former President Donald Trump on the political gambling platform Polymarket this month stoked scrutiny about four accounts that have collectively spent over $28 million betting on the Republican nominee to win the 2024 presidential election. Polymarket on Thursday confirmed what a number of experts have suspected: All four accounts are controlled by a single trader. The company insisted that it has found no evidence that the trader is trying to juice Trump's odds on the political betting market. The scrutiny on the Polymarket trades comes as political betting markets have taken on a much more prominent role in the 2024 election cycle.

Persons: Kamala Harris, Donald Trump, Polymarket Organizations: Democratic, Erie Insurance, Republican, CNBC, The New York Times, Nardello & Company Locations: Erie , Pennsylvania, U.S

☆ Billionaire investor David Einhorn says buying HP stock is a cheap way into the AI craze
▼ + stars: | 2024-10-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

David Einhorn said computer hardware maker HP could eventually benefit from AI. He said HP stock trading around 10x earnings looks "very reasonable." AdvertisementFamed hedge fund investor David Einhorn is eyeing a tech stock that could be an under-the-radar artificial intelligence play. One of these names is computer hardware firm HP, Einhorn told Bloomberg TV. The stock is trading 10 times earnings, pays a dividend yield of over 3%, and spends 100% of free cash flow paying shareholders, he said.

Persons: David Einhorn, —, Einhorn Organizations: HP, Service, Greenlight, Bloomberg, COVID, Robin Hood Investors Conference

☆ Microsoft CEO Nadella asked for pay reduction after security slip, but total comp still rose 63%
▼ + stars: | 2024-10-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft CEO Satya Nadella speaks at an event on the company's Redmond, Washington, campus on May 20, 2024. Microsoft gave CEO Satya Nadella a pay raise for the 2024 fiscal year of more than $30 million. The board's compensation committee said Nadella asked that the cash incentive portion reflect the security issues. It was originally supposed to be $10.66 million, but the full board approved a $5.2 million cash incentive instead. Microsoft's security business generated over $20 billion in revenue in 2022, more than total revenue for many security companies.

Persons: Satya Nadella, Nadella Organizations: Apple Inc, Microsoft, U.S . Department of Homeland Security Locations: Redmond, Washington

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