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☆ Traders see good chance the Fed cuts again in December then skips in January
▼ + stars: | 2024-11-07 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Federal Reserve Chair Jerome Powell speaks during a news conference following the Nov. 6-7, 2024, Federal Open Market Committee meeting at William McChesney Martin Jr. Federal Reserve Board Building in Washington, D.C., on Nov. 7, 2024. ET, market pricing pointed toward a 67% chance of another quarter-point cut in December and a 33% chance of a pause that month, according to the CME FedWatch Tool. The probability of a quarter-point December rate cut rose to more than 70% following the meeting, while the chances of a pause slipped to nearly 29%. Future rate probabilities found in the CME FedWatch Tool are derived from trading in 30-day fed funds futures contracts. Meanwhile, the odds that the Federal Reserve would skip an interest rate cut in January was around 71%.

Persons: Jerome Powell, William McChesney Martin Jr, —, Jeff Cox Organizations: Federal Reserve, Washington , D.C, Federal Locations: Washington ,, U.S

☆ How the Fed's rate cut and this week's election made for record-breaking market rallies
▼ + stars: | 2024-11-07 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Market moves: The stock market tacked on some additional gains after the Federal Reserve on Thursday afternoon cut interest rates by 25 basis points. Bond yields, which move inversely to bond prices, have been on the rise since the Fed cut rates in September. Stick to discipline: The stock market especially liked the idea of a pro-business environment and de-regulation expected in the future Trump administration. It's not surprising to see Wells Fargo down 3% after the Club stock surged more than 13% on Wednesday. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Thursday's, Jerome Powell, hasn't, Bond, Donald Trump, Trump, industrials, It's, Wells, Mogan Stanley, Morgan Stanley, Bloomin, Jim Cramer's, Jim Organizations: CNBC, Federal Reserve, Fed, Treasury, Bond, NBC News, Club, DraftKings, Arista Networks, Azon Enterprise, Trade, Baxter International, NRG Energy, Jim Cramer's Charitable Locations: Wells Fargo, Wells

☆ Trump trades: Using the 2016 Trump rally stocks as a playbook for what to buy now
▼ + stars: | 2024-11-07 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Wondering what stocks might do well the rest of this year as America awaits Donald Trump take office for a second time in January? Others were high-beta growth stocks that can ride a broad market rally and benefit from corporate tax rates. Most analysts surveyed by LSEG hold buy ratings, but they expect KeyCorp shares to slide by more than 5% after their rally this year. Between Nov. 7 and the end of that year, KeyCorp shares ran up more than 25%. CarMax is a cyclical stock that should benefit from both deregulation and the rising tide for high-beta stocks.

Persons: Donald Trump, —, Ebrahim Poonawala, financials, Poonawala, Bernstein, Bob Brackett, there's, Citigroup's Andrew Kaplowitz, Kaplowitz, Wednesday's, LSEG, Keycorp, Keith Horowitz, KeyCorp, CarMax Organizations: CNBC, Trump, White, Bank of America, Energy, Dow, Targa Resources, Citigroup Locations: Cleveland

☆ Why you shouldn't get caught up in the post-election stock-market frenzy: Morningstar
▼ + stars: | 2024-11-07 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Investors boosted stocks after Donald Trump won a second term. But investors shouldn't depart from their long-term investing plan, Morningstar's Dave Sekera says. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But even as prices soar, it's important not to get caught up in the mania beyond your normal risk tolerance, warns Morningstar Senior US Market Strategist Dave Sekera. "The small-cap space, even with today's bump, it's still the most undervalued part of the market in our view," he said.

Persons: Donald Trump, shouldn't, Dave Sekera, —, Morningstar, Sekera, Trump, aren't, Goldman Sachs, shouldn't overreact, John Rekenthaler, Joe Biden, That's, it's Organizations: Service, Dow Jones, White Locations: bullishness

☆ Federal Reserve cuts interest rates by a quarter point
▼ + stars: | 2024-11-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

watch nowThe Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to rightsize monetary policy. Among them was an altered view in how it assesses the effort to bring down inflation while supporting the labor market. The statement slightly downgraded the labor market, saying "conditions have generally eased, and the unemployment rate has moved up but remains low." Generally, the labor market has held up well. An acceleration in economic activity under Trump could persuade the Fed to cut rates less, depending on how inflation reacts.

Persons: Michelle Bowman, Jerome Powell, nonfarm, Donald Trump, Trump, Powell, Pace Organizations: Federal Reserve, Federal, Committee, Gross, Atlanta Fed, Trump Locations: Tuesday's

To lower housing costs, Trump has said he would allow homes to be built on federally protected land, something that could help increase the supply of homes in places like Nevada and Arizona. TaxesTrump has proposed a number of tax cuts, including a complete elimination of the federal income tax. Those cuts lowered the corporate tax rate to 21% from 35%, reduced individual income tax rates, and increased the standard deduction. That could create havoc for workers and consumers and reduce the amount of income taxes the federal government brings in. About 40% of Social Security recipients pay federal income taxes, typically because they have other sources of income that raise them above a certain threshold where they are required to pay income tax, according to the Social Security Administration.

Persons: Donald Trump, Trump, —, ” Trump, “, Decker, Matt Priest, ”, Priest, It’s, He’s, hasn’t, Immigration Trump, Jim Tobin, Trump’s Organizations: Trump, Chicago Economic, Companies, National Bureau of Economic Research, Footwear Distributors, Retailers, U.S, Federal Reserve, Immigration, Business, Pew Research Center, NBC News, National Association of Home Builders, NBC, University of New, University of Pennsylvania, Social Security, Social, Social Security Administration Locations: U.S, China, Nevada, Arizona, Alaska, Saudi Arabia, Russia, University of New Hampshire

Major stock indexes soared Wednesday morning in the wake of Donald Trump's decisive victory in Tuesday's presidential election. The last time the Dow, which represents larger, more established firms, saw a 1,000-point jump in a single day was November 2022. NBC News is projecting that Trump will finish with 276 Electoral College votes in his defeat of Vice President Kamala Harris, his Democratic opponent. Trump has promised to extend or enact sweeping tax cuts and deregulatory policies that are widely supported across the business community. That represents market pushback on one of Trump's key policy planks: A weaker dollar that would support U.S. exports.

Persons: Donald Trump's, Kamala Harris, Trump, David Bahnsen, Wells, Russell, Isaac Boltansky, Boltansky Organizations: Nasdaq, Dow Jones Industrial, Dow, NBC, Trump, Electoral, Democratic, Senate, Bahnsen, JPMorgan, Bank of America, U.S Locations: Wells Fargo, BTIG, U.S

☆ Goldman CEO Solomon reacts to Trump's win, vows to work with the new administration 'in support of sound policies'
▼ + stars: | 2024-11-06 | by ( Reed Alexander | ) www.businessinsider.com time to read: +4 min

Goldman Sachs CEO David Solomon on Wednesday commented on Donald Trump's election victoryIn a memo to staff, he said that the bank looks forward to working with Trump on "sound policies." AdvertisementGoldman Sachs CEO David Solomon spoke out Wednesday on the election of Donald Trump as the 47th president of the United States. In a memo to the firm's workforce, Solomon congratulated Trump, who defeated Vice President Kamala Harris in a decisive victory. He said the firm was looking "forward to working with the new administration in support of sound policies that enhance economic growth and financial stability." Related Video How Twitter panic took down Silicon Valley BankMayo also expects a Trump administration to boost dealmaking, including M&A and IPOs — potentially to record levels.

Persons: Goldman Sachs, David Solomon, Donald Trump's, Trump, —, Donald Trump, Solomon, Kamala Harris, Mike Mayo, Mayo, Read, –, David, Emmalyse Brownstein, Reed Alexander Organizations: Trump, Service, Valley Bank Mayo, Global Banking, Markets, Asset, Wealth Management Locations: United States, Wells Fargo, Valley

☆ Brits brace for higher mortgage payments despite Bank of England seen cutting rates
▼ + stars: | 2024-11-06 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Oversnap | E+ | Getty ImagesLONDON — Britons are facing the prospect of higher mortgage rates for longer after the government's tax-and-spend budget threw off expectations for a series of near-term interest rate cuts. Mortgage rates also took a hit from the uncertainty, with a number of smaller and mainstream lenders raising mortgage rates on the expectation that interest rates may stay higher for longer. watch nowVirgin Money became the first major lender to raise mortgage rates after the budget, lifting them by 0.15%. "This isn't the radical spike in rates that have blighted mortgage rates in the last couple of years. He added that interest rates could now remain 50-basis-points higher than previously expected at the end of the cutting cycle.

Persons: Rachel Reeves, Reeves, —, David Hollingworth, Hollingworth, Allan Monks, BOE Organizations: Bank of England, Wednesday, Virgin Money, Santander, Morgan's Locations: London's, Oversnap

☆ We're locking in profits on 2 stocks that are surging on Trump's election win
▼ + stars: | 2024-11-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Shortly after the opening bell, we will be selling 150 shares of Morgan Stanley at roughly $128.81 and 240 shares of Wells Fargo at roughly $71.02. There's strength across the board in premarket trading, with Wells Fargo ripping 10% higher, Morgan Stanley up more than 8%, and fellow Club holding BlackRock jumping more than 4%. Wells Fargo is one of the biggest winners in the group because there are greater odds its Federal Reserve-imposed asset cap will be removed. That's very positive for the future earnings of investment banks like Morgan Stanley and Goldman Sachs . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Morgan Stanley, Jim Cramer's, Donald Trump, Wells, Trump, Wells Fargo, Goldman Sachs, There's, —, Trump's, Jim Cramer, Jim Organizations: WFC, Republican, NBC, Trump, Club, BlackRock, White House, Federal, CNBC Locations: Wells Fargo, Wells

☆ Top analyst Mayo says Trump 'is regulatory game changer,' names one bank to benefit most
▼ + stars: | 2024-11-06 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Donald Trump 's decisive victory to regain the White House could serve as a "regulatory game changer" for Wall Street banks, according to Wells Fargo. Equity analyst Mike Mayo wrote early on Wednesday that a second Trump administration could yield "more free markets, less harsh oversight," while also reducing regulatory risk. GS YTD mountain Goldman Sachs stock. "More free markets imply that investment banking revenues have a chance at exceeding 2021 levels over the next few years," Mayo said. Shares of Goldman Sachs surged more than 12%, while peers Citigroup , Bank of America and Wells Fargo all gained more than 7% each.

Persons: Donald Trump, Mike Mayo, Trump, Trump's, Goldman Sachs, Mayo, Wells Fargo Organizations: Equity, Goldman, Citigroup, Bank of America, Wells Locations: Wells Fargo, Goldman Sachs, Wisconsin, Pennsylvania

☆ Regional banks are expected to pop under a Trump administration. The Street loves these dividend payers
▼ + stars: | 2024-11-06 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

President-elect Donald Trump is returning to the White House , and shares of regional banks are surging on his Election Day victory. Western Alliance Bancorp turned up on the list, with a dividend yield of 1.8% as of Tuesday's close. BPOP YTD mountain Popular shares in 2024 Provident Financial Services turned up on CNBC Pro's screen. Provident posted a profit of 36 cents per share, versus analysts' call for 47 cents a share, per FactSet. Shares are up more than 21% in 2024, and as of Tuesday's close, it had a dividend yield of 5%.

Persons: Donald Trump, Scott Siefers, Piper Sandler, Davidson's Gary Tenner, Tenner, Frank Schiraldi, Piper Sandler's Mark Fitzgibbon, Fitzgibbon, —, Fred Imbert Organizations: White, Republicans, Regional Banking, CNBC, Western Alliance Bancorp, Western Alliance, Financial Services, Provident

☆ Financial stocks are leading Wednesday's market rally. We're buying the one left behind
▼ + stars: | 2024-11-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Following Wednesday's trade, Jim Cramer's Charitable Trust will own 45 shares of BLK, increasing its weighting to 1.3% from 0.86%. We're taking some of the sale proceeds from our morning trims of Wells Fargo and Morgan Stanley to buy more BlackRock shares, which curiously were not participating in Wednesday's broad rally in financial stocks. Wells Fargo and Morgan Stanley shares surged more than 14% and 11%, respectively, after Donald Trump won the presidential election. And yet, BlackRock stock has given back all its gains from earlier in the session. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Morgan Stanley, Wells Fargo, Donald Trump, Financials, Mike Mayo, Jim Cramer, Jim Organizations: BlackRock, BLK, Trump, CNBC Locations: Wells Fargo, Wells, BlackRock

☆ Trump claims presidential win. Here is what he promised the crypto industry ahead of the election
▼ + stars: | 2024-11-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +6 min

Former President Donald Trump arrives for his campaign rally at the Trump National Doral Golf Club in Doral, Florida, on July 9, 2024. Getting that money required him to make big promises pertaining to the crypto industry. "For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin," Trump said during his keynote speech. Trump pledged to maintain the current level of bitcoin holdings that the U.S. has amassed from seizing assets from financial criminals. "On day one, I will fire Gary Gensler," Trump said, referencing the Joe Biden-appointed SEC chairman who has taken an aggressive approach to crypto regulation.

Persons: Donald Trump, Joe Raedle, Elon Musk, Robert F, Kennedy, Jr, Cantor Fitzgerald, Howard Lutnick, Trump, MicroStrategy, Gary Gensler, Joe Biden, Gensler, Crypto, haven't, Sen, Elizabeth Warren, Bitcoin, Jerome Powell Organizations: Trump National Doral Golf Club, Getty, Republican, Strategic, White, U.S . Marshals Service, U.S . Securities, Exchange, SEC, Trump, Lago Club, Riot, Marathon Digital Holdings, Radical Communist, Federal Reserve Locations: Doral , Florida, Nashville, United States of America, Germany, America, Palm Beach , Florida, China, Russia, USA

☆ The Fed is expected to cut interest rates again Thursday. Here's everything you need to know
▼ + stars: | 2024-11-06 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

The Federal Reserve likely will stick to the business at hand when it wraps up its meeting Thursday with another interest rate cut, but will have its eye on the future against a backdrop that suddenly has gotten a lot more complicated. The focus, though, will turn to what's ahead for Chair Jerome Powell and his Fed colleagues as they navigate a shifting economy — and the political earthquake of Donald Trump's stunning victory in the presidential race. So while the immediate action will be to stay the course and enact the cut, which equals 25 basis points, the market's attention likely will turn to what the committee and Powell have to say about the future. The fed funds rate, which sets what banks charge each other for overnight lending but often influences consumer debt as well, is currently targeted in a range between 4.75%-5.0%. Market pricing currently favors another quarter-point cut in December, followed by a January pause then multiple reductions through 2025.

Persons: Jerome Powell, Donald Trump's, Powell, Krishna Guha, Guha Organizations: Federal Reserve, Evercore ISI

☆ Bank stocks advance in overnight trading as traders bet on less regulation in a Trump presidency
▼ + stars: | 2024-11-06 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Shares of major banks climbed in overnight trading as investors expected Donald Trump's victory in the presidential election. Citigroup jumped about 5% in special late trading on the Robinhood brokerage for well-known stocks. Former President Donald Trump is currently leading by NBC News' count, though several key states have yet to be called. Bank stocks are expected to benefit under GOP control given the party's posture toward deregulation. "Donald Trump is the candidate where you ignore what he says and focus on what you expect him to do," Seiberg wrote in a note to clients recently.

Persons: Donald Trump's, Goldman Sachs, Donald Trump, Cowen, Jaret Seiberg, Seiberg Organizations: Citigroup, Bank of America, White House, NBC News, NBC, Trump, North Carolina . Bank, GOP, Consumer Financial, financials Locations: Wells, North Carolina

☆ These 2 stocks beat the S&P 500 in election Novembers no matter who won
▼ + stars: | 2024-11-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Two stocks have outperformed the S & P 500 every November when elections have been held over the past three decades — regardless of the outcome, according to a CNBC Pro study. Electrical and industrials giant Eaton Corporation and Sweden's second-largest lender, Svenska Handelsbanken , are the two stocks that beat the U.S. benchmark in November every election year. CNBC Pro screened for stocks currently in the MSCI World Index that gained more than the S & P 500 — or lost less than the index — in November of every election year since 1988. Every time is different Historical performance is never a guarantee of future performance, and stocks often move for idiosyncratic reasons. This year, for instance, the Federal Reserve is expected to announce a decision on interest rates on Thursday, which could also influence the trajectory of stocks.

Persons: Brett Linzey, Mizuho, Eaton, Arctic's Roy Tilley, Henry Allen, Pfizer's, Barack Obama, Allen Organizations: CNBC, Eaton Corporation, Svenska, CNBC Pro, Eaton Corp, Mizuho, Svenska Handelsbanken, Arctic Securities, Federal Reserve, Deutsche Locations: U.S, Industrials, Sweden, Greece, Europe

☆ Stocks making the biggest moves midday: Super Micro Computer, Tesla, Coinbase, Planet Fitness and more
▼ + stars: | 2024-11-06 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Crypto stocks — Cryptocurrency-related names soared after investors bet that a Trump presidency would lead to a more supportive regulatory environment. Cannabis stocks — Shares of cannabis companies dropped after voters rejected a Florida ballot measure to legalize the sale and use of marijuana in the state. Dollar Tree and Dollar General also respectively lost more than 6% and 5%. Steel stocks — U.S.-based steel stocks rallied on the back of Trump's victory. Shares of Nucor and Cleveland-Cliffs respectively rallied 16% and 20%, while United States Steel climbed 8%.

Persons: Donald Trump, Donald Trump's, Trump, Tesla, bitcoin, Goldman Sachs, Wells, Joe Biden's, Sunrun, Wegovy, CoreCivic, Trump's, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Sarah Min, Samantha Subin Organizations: Republican, Trump Media & Technology, Bank, Citigroup, Bank of America, Wells Fargo, CVS Health, CVS, Trump, SolarEdge Technologies, Enphase Energy, Novo Nordisk —, Novo Nordisk, — Geo, White, Aurora Cannabis, —, CNBC, Holdings, Steel, U.S, Cliffs, United States Steel Locations: Novo Nordisk — U.S, Danish, Florida, Tilray, U.S, Canada, China, Cleveland

☆ Trump win will reduce regulation, benefiting healthcare and banks: Payne Capital's Garcia
▼ + stars: | 2024-11-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump win will reduce regulation, benefiting healthcare and banks: Payne Capital's GarciaJosh Brown, Ritholtz Wealth Management co-founder and CEO, Adam Parker, Trivariate Research founder and CEO, Courtney Garcia, Payne Capital Management senior wealth advisor, and Tom Lee, Fundstrat's head of research all discuss each investor's thoughts on the current market performance.

Persons: Payne Capital's Garcia Josh Brown, Adam Parker, Courtney Garcia, Tom Lee, Fundstrat's Organizations: Email Trump, Ritholtz Wealth Management, Trivariate Research, Payne Capital Management

☆ Trump, surrounded by pro-crypto advisors, signals a 'step change' for the industry, says Galaxy's Novogratz
▼ + stars: | 2024-11-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

It's the dawn of a new day for the crypto industry with Donald Trump now the president-elect of the United States, said Galaxy Digital's Michael Novogratz, calling out the numerous crypto advocates that have advised him. "We've got a Congress that is moving our way, we've got a president that's moving our way, and so for Galaxy and the crypto industry, that couldn't be more optimistic," he said on CNBC's "Squawk Box" Wednesday morning. "Those three positions, with someone who's open minded to crypto … changes everything," he said. And all of a sudden we'll start seeing decentralized systems launched and work so this is really a step change." The shift won't happen overnight, Novogratz warned, but as Trump starts to appoint people into various positions of leadership there will be "a substantial shift in the energy of this industry."

Persons: Donald Trump, Michael Novogratz, We've, we've, that's, Novogratz, Joe Biden, Trump, JD Vance, Peter Thiel, Howard Lutnick, Cantor Fitzgerald, Sen, Elizabeth Warren, Biden, Gary Gensler Organizations: Galaxy, Federal Deposit Insurance Corporation, Securities and Exchange Commission, Street, Bank of New, Silicon, SEC Locations: United States, U.S, Bank of New York

☆ Jim Cramer issues a word of caution to euphoric post-election stock investors about bonds
▼ + stars: | 2024-11-06 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Club stock Nvidia rose about 3% Wednesday to an all-time high above $144 per share. Trump will want to champion Nvidia, Jim said, stressing it's an American success story and it makes too much money. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Donald Trump, Dow, Morgan Stanley, We're, Trump, Jim, Trump's, Jim Cramer's Organizations: CNBC, Club, Wells, BlackRock, Nvidia, Taiwan Semiconductor Manufacturing Company, Trump, Jim Cramer's Charitable Locations: —, BlackRock, financials, China

☆ The Federal Reserve as we know it could soon be turned on its head
▼ + stars: | 2024-11-06 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

When officials meet to decide where interest rates should be, they don’t consult the president and other elected officials — and for good reason. That’s because, as one former Federal Reserve chair famously said, central bankers’ job is to remove the punchbowl right when the party is just getting started. I feel that strongly,” Trump said at a press conference in August, referring to the Fed’s interest rate decisions. Lowering interest rates too soon could’ve risked reigniting inflation, which is currently just a tenth of a percentage point higher than the Fed’s 2% target. That’s why countries with independent central banks generally have lower inflation, Fed Chair Jerome Powell told reporters in September after central bankers lowered rates by a half point.

Persons: —, Said, Donald Trump, “, ” Trump, ”, Trump, could’ve, Jerome Powell Organizations: New, New York CNN, Federal Reserve, Federal, Bloomberg, Fed Locations: New York

☆ Outlook for banks from a regulatory standpoint is quite positive, says RBC's Gerard Cassidy
▼ + stars: | 2024-11-06 | 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 EmailOutlook for banks from a regulatory standpoint is quite positive, says RBC's Gerard CassidyGerard Cassidy, RBC Capital Markets large cap bank analyst, joins 'Squawk Box' to discuss Donald Trump's victory in the 2024 election, the impact on bank stocks and the industry at large, and more.

Persons: RBC's Gerard Cassidy Gerard Cassidy, Donald Trump's Organizations: RBC Capital

☆ Jim Cramer says the market for mergers and acquisitions will be back under Trump
▼ + stars: | 2024-11-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Wednesday told investors the Trump administration is more likely to allow mergers and acquisitions to go through, processes largely stymied under Biden. "I am very confident in the idea that, under President Trump, M&A's about to come back and come back bigly," he said. Beyond M&A, Cramer said the President-elect is likely to relax antitrust regulations, whereas Biden appointees have scrutinized Big Tech outfits like Apple . But while Cramer suggested these companies are likely safer from regulatory interference under Trump, he said some of that depends on Trump's own attitude towards them. "So, it's not a surprise to see most of America's big name tech CEOs come out today with enthusiastic, public messages of congratulations for President-elect Trump," he said.

Persons: CNBC's Jim Cramer, Trump, Biden, Cramer Organizations: Wednesday, M, Trump, Time Warner, CNN

☆ These stocks are soaring off the Trump victory
▼ + stars: | 2024-11-06 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

That would mark a reversal from the Biden administration, which allowed migrants seeking asylum to legally work in the country while awaiting trial. A Trump administration is expected to approve Capital One's proposed merger with Discover Financial Services. Andrew Caballero-Reynolds/AFP/Getty ImagesGenerally, a Trump administration is expected to be more supportive of mergers and acquisitions compared to the Biden administration, which has sought to block many. Retail and green energy stocks falterWednesday wasn’t all good news for stocks, though. Trump is widely expected to repeal tax credits and other incentives President Joe Biden pushed for in the Inflation Reduction Act.

Persons: Donald Trump’s, Biden, It’s, Trump, Tesla Elon, Tesla, Donald Trump's, Elon Musk, Trump . Thibaut Durand, Hans Lucas, JPMorgan Chase, Jamie Dimon, Michael Barr, Goldman Sachs, Andrew Caballero, Reynolds, bitcoin, Joe Biden Organizations: New, New York CNN, Prisons, GEO Group, SpaceX, Trump ., Getty, Bank, JPMorgan, Federal, Citigroup, Discover Financial Services, Capital, Republican, JetBlue, Spirit Airlines, Trump, Mattel, Hasbro Locations: New York, AFP

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