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The social media ads have flooded platforms including Facebook, Instagram and X. One advertisement — viewed more than 900,000 times on Facebook and Instagram since Oct. 28 — depicts Trump winning in the Polymarket odds, according to the Meta Ad Library. A separate sponsored campaign from the right-wing social media personality Shaneyy Richh included nine advertisements promoting Polymarket forecasts. Based on user bets, Polymarket says Trump’s odds of winning are roughly 65.5% and Harris’s odds of winning are 34.5% as of Oct. 31. The company has also used social media to promote election betting, spending over $140,000 on Meta ads, according to the company's ad library.

Persons: Donald Trump’s, Kamala Harris, isn’t, Shayne Coplan, Trump, Harris, Shaneyy Richh, pollsters, ”, Elon, Polymarket, “ Trump, ” Claudio Vallejo, They’re, “, ” Polymarket, Coplan, we’ve, I’ve, ” Trump, “ Polymarket, that’s, Musk, ” John Fortier, “ It’s, you’re, Fortier, “ I’m Organizations: ”, Facebook, Trump, Meta Ad, “, Polymarket, United, Commodity, U.S, NBC, American Enterprise Institute Locations: California , New York, Texas, United States, U.S, Michigan

☆ Bank of America's Trump-Harris playbook: How the stock market will react to the various election scenarios
▼ + stars: | 2024-11-04 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Here's how Bank of America suggests trading a variety of Election Day outcomes. Split Republican control A Trump White House with a largely Democratic Congress is overall neutral for equities, Kwon said. Split Democratic control The status quo would be maintained with a Harris White House and a Republican Congress, Kwon said. Over the past seven election cycles, the two-week price direction for stocks was identical to one day after election day every single time. Outside of the election, Kwon said that the Fed could have ample reason to cut further.

Persons: Ohsung Kwon, Kwon, Donald Trump, Trump, Kamala Harris, Harris Organizations: Bank of America, Trump, Republican, Trump White House, Democratic, Harris White, Federal

☆ Buy steel stocks if Trump wins or clean energy plays if it's Harris, says JPMorgan
▼ + stars: | 2024-11-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

Steel stocks would likely outperform under if former President Donald Trump returns to the White House, while clean energy providers might rally if Vice President Kamala Harris captures the presidency, according to JPMorgan. Clean Energy In the same 14-page report, JPMorgan shared the name of specific companies that are likely to benefit should either candidate prevail. Steel and aluminum Conversely, Peterson is bullish on steel and aluminum companies if former President Trump gets a second term. Shares of steel producer Nucor have tumbled nearly 18% in 2024 but could bounce back under a Trump victory, according to JPMorgan. Other potential winners under a Trump presidency include aluminum producer Kaiser Aluminum and rare-earth materials processor MP Materials , said JPMorgan.

Persons: Donald Trump, Kamala Harris, Harris, Bill Peterson, Peterson, EBITDA, William Grippin, Trump, Morgan Stanley, Carlos De, Martin Englert Organizations: White, JPMorgan, Trump, EV, Department of Energy's, Office, Democratic, UBS, DOE, Power, Energy, Republican, Steel, Nippon Steel, U.S . Steel, Seaport Research Partners, Aluminum Locations: Los Angeles, adj, 2H25, Charlotte, Cleveland

☆ Trump’s stock surges on the last day before the election
▼ + stars: | 2024-11-04 | by ( David Goldman | ) edition.cnn.com time to read: +2 min

CNN —Shares of former President Donald Trump’s social media company roared higher on the final day before the US presidential election. Traders have used Trump’s stock as a kind of barometer for the former president’s perceived reelection chances. Similarly, when Harris began to make a comeback in online betting markets, Trump’s media stock began to implode. The Trump stock is a “meme stock,” a speculative trade that can vary wildly for just about any reason. The broader stock market Monday was also bouncing around a bit, although it was far less volatile than Trump’s media stock.

Persons: Donald Trump’s, Trump, Kamala Harris, Harris, Dow Organizations: CNN, Trump Media & Technology, Truth, Traders, Trump, Nasdaq Locations: Harris

☆ Warren Buffett's Berkshire Hathaway hoarded cash, sold stocks, and halted buybacks ahead of the election
▼ + stars: | 2024-11-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Warren Buffett signaled in Berkshire Hathaway's third-quarter earnings that he was being cautious. The investor built a record cash pile, slashed his two biggest stock bets, and halted buybacks. The legendary investor and his team sold $36 billion of shares and only made purchases worth $1.5 billion, marking their eighth straight quarter as net sellers. Related storiesNotably, Berkshire pared its bets on Apple and Bank of America, its two largest stock positions going into the quarter. Buffett has said that buybacks only make financial sense when a stock is trading at a discount to its intrinsic value.

Persons: Warren Buffett, —, Donald Trump, Kamala Harris, he's, Trump, aren't, Bershire, Buffett, Russ Mould, AJ, Mould Organizations: Berkshire Hathaway's, Service, Treasury, Apple, Bank of America Locations: Berkshire, payables

☆ As the election winds down, worries of 'bond vigilantes' and inflation hit markets
▼ + stars: | 2024-11-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

Specifically, he warned about traders taking the 10-year Treasury yield , a bond market benchmark, above 5% — a level it hasn't seen since mid-2007. To be sure, there are myriad reasons why the bond market has been in a state of tumult since mid-September, political considerations of a second Trump term being just one of them. "The bond market could easily nullify the impacts of another rate cut. That's because the bond market believes the Fed is cutting rates by too much, too soon, and is therefore raising long-term inflation expectations. It could carry "higher tariffs and mass deportations, which triggers stagflation in the US including a second inflation spike," the bank said.

Persons: Donald Trump, Chip Somodevilla, Kamala Harris, Ed Yardeni, Yardeni, Trump, Harris, Kumar, it's, Karen Dynan, Trump's, Peterson, Morgan Stanley Organizations: Fiserv, Republican National Convention, Treasury, Trump, Reserve, Bond, Yardeni Research, Sri, Kumar, Peterson Institute for International Economics, Federal Reserve, JPMorgan, Republicans Locations: Milwaukee , Wisconsin, United States

☆ Schonfeld is leading its peers a year after the $11.6 billion firm ended tie-up talks with Millennium. How the industry's biggest funds did in October.
▼ + stars: | 2024-11-04 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Schonfeld is up by 15.5% for the year in its flagship fund. They said the flagship fund had been up in 17 of the past 18 months. AdvertisementOctober was a strong month generally for the large multistrategy managers that have dominated industry headlines in recent years. Ken Griffin's Citadel was up by 1.2% last month in the firm's flagship Wellington fund, a person close to the Miami-based fund told Business Insider. AdvertisementMillennium, meanwhile, made 0.4% last month, pushing its annual return to 10%, a person close to Izzy Englander's firm said.

Persons: Schonfeld, —, Ken Griffin's, Izzy Englander's Organizations: Citadel, Service, Schonfeld Strategic Advisors, Partners, Equity, Microsoft, Business, Ken Griffin's Citadel Locations: York, Wellington, Miami

Traders work on the floor at the New York Stock Exchange on Oct. 24, 2024. Brendan McDermid | ReutersStocks typically rise after a presidential election — but investors need to be prepared for some short-term choppiness first, history shows. The three major benchmarks on average have seen gains between Election Day and year-end in the presidential election year going back to 1980, according to CNBC data. However, investors shouldn't be expecting a straight shot up in the market after polls close. This means investors shouldn't be anticipating an immediate pop on Wednesday or the next few days after.

Persons: Brendan McDermid, shouldn't, Stocks Organizations: New York Stock Exchange, Reuters, CNBC, Dow, Nasdaq Locations: America

☆ China gears up for a big week as markets await U.S. elections and stimulus details
▼ + stars: | 2024-11-04 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Investors expect Beijing to announce details on fiscal support Friday. He expects Trump has a greater chance of winning, which he said would increase downward pressure on the Chinese yuan versus the U.S. dollar. While the People's Bank of China has cut interest rates, the Ministry of Finance has yet to release details on widely anticipated fiscal stimulus. China is considering more than 10 trillion yuan in debt issuance over a few years, Reuters reported Tuesday, citing sources. Whether it is 10 trillion yuan over three to five years, or 2 trillion yuan in one year, the average is about 2 trillion yuan in support a year, she pointed out.

Persons: Aly Song, That's, —, Donald Trump, Kamala Harris, Harris, Ting Lu, Biden, Zhu Bin, Zhu, Trump, Liqian Ren, Ren, Xi Jinping, Lan Fo'an, Zong Liang, WisdomTree's Ren Organizations: Reuters, U.S, Investors, National People's, Trump, Nomura, Nanhua, CNBC, U.S ., WisdomTree, People's Bank of, Ministry of Finance, Finance, Bank of China Locations: Yiwu, Zhejiang province, China, Reuters BEIJING, Beijing, U.S, United, People's Bank of China

Whoever is elected the 47th president of the United States will start with a rare and clear advantage: a remarkably solid economy. Tuesday’s election will show how much that all matters to voters, who will soon decide which candidate they want to entrust the economy to from here. But to regular American households, it’s more of a “Yes, but” economy: Yes, the job market is strong, but my boss wants me in five days a week, and that doesn’t work for me anymore. Yes, inflation has fallen, but I can’t afford day care. Prices across the rest of the service economy were 4.7% higher overall, and medical care was up 3.9%.

Persons: Kamala Harris, Donald Trump, Spencer Platt, Yuki Iwamura, they’re, Helene, Milton, Patrick T, Fallon, Harris, ”, Greg Valliere, Joe Biden wasn’t, Trump, Karoline Leavitt, “ Kamala Organizations: Investment, Stock, Getty, Consumer, Bloomberg, CNBC, First Street Foundation, NBC, AGF Investments, Biden Locations: United States, Ukraine, Israel

☆ Buy these 39 quality stocks with rising earnings in a market with intriguing but imperfect parallels to the highly volatile fall of 2016
▼ + stars: | 2024-11-03 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Here are 39 quality economically sensitive stocks to buy, according to Morgan Stanley. Economically sensitive stocks, including financials and industrials, took off in anticipation of that result and caught fire after it became official. Several parts of the stock market seem to be preparing for another Trump presidency, according to Morgan Stanley. "Markets generally welcomed a reflationary playbook in 2016," Wilson wrote. AdvertisementRegardless of who's in office, Morgan Stanley outlined a list of 39 economically sensitive stocks that should do well.

Persons: Donald Trump, Morgan Stanley, —, Trump, Kamala Harris, It's, Harris, Mike Wilson, Wilson, that's, it's Organizations: Service, Trump, Consumer, Federal Reserve Bank of St, Louis Locations: Financials

☆ 11 surprising things from this earnings season, including my favorite stock so far
▼ + stars: | 2024-11-03 | by ( Jim Cramer | ) www.cnbc.com time to read: +17 min

Horton makes the most sense as a Kamala Harris stock because of a promised $25,000 toward a first home. I don't know if either candidate can pull off huge tariffs (Trump) or a credit (Harris). Here are eleven surprising things about this earnings season that you can store up and pull out when the election is confirmed. The deficit will begin to hurt the stock market hard next year even if the economy continues to cool. Away from the hyperscalers, I like Marvell , where CEO Matt Murphy bought $1 million worth of stock in the open market.

Persons: beckons, Joe Biden, Biden, Donald Trump, D.R, Horton, Kamala Harris, Harris, let's, Let's, Trump, haven't, Myers, Abbvie, Eli Lilly, Anat Askenazi's, Abbott, neonatologists, Reckitt, Jim Hurst, Danaher, Jason Hollar, It's, Amgen, That's, Estee Lauder, Parker, Pat Gelsinger's, He's, Matt Murphy, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: U.S, NBC News, White, Ford Motor, Trump, Costco, Volkswagen, Bankers, Banco Santander, Apple, Amazon, GE Vernova, U.S ., Treasury, Merck, NEC, FDA, CDC, NIH, GE Healthcare, Cardinal Health, NPC, Nvidia, Caterpillar, Linde, Devices, heaven's, Intel, Marvell, Micron, Arista, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Europe, Germany, China, Portugal, Ireland, Italy, Greece, Spain, It's, Santander, —, Bristol, U.S, Taiwan, Eaton, Dover, Norwegian, Caribbean, San Francisco

☆ Top Wall Street analysts are confident about the long-term potential of these 3 stocks
▼ + stars: | 2024-11-03 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Top Wall Street analysts closely follow the key details of a company's quarterly results. (See Fiserv Financials on TipRanks)Boot BarnWe now move to Boot Barn (BOOT), a retailer of western and work-related footwear, apparel and accessories. Despite the beat-and-raise quarter, BOOT stock plunged as investors reacted unfavorably to the company's announcement about the planned departure of CEO Jim Conroy in November. Following the print, Baird analyst Jonathan Komp upgraded his rating for Boot Barn stock to buy from hold, while maintaining the price target at $167. (See Boot Barn Stock Charts on TipRanks)Chipotle Mexican GrillFinally, let's look at this week's third stock, restaurant chain Chipotle (CMG).

Persons: Ivan Feinseth, Feinseth, TipRanks, Jim Conroy, Conroy, Baird, Jonathan Komp, Komp, Chris O'Cull, O'Cull Organizations: Manhattan , New York City . Tech, Wall Street, Tigress, FI, Ross Stores Locations: Manhattan , New York City

☆ How to talk like a banker
▼ + stars: | 2024-11-03 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +9 min

A manager might leave a comment on a page telling the junior banker to "kill this," which just means delete it. A manager might also instruct the junior banker to "take another stab" at it, which means doing the presentation over again and sending it back by email. In stock market talk, "trading with the Street" usually means someone is trading along the lines of majority opinion. It's so much a part of the culture that the term is also used by higher-ups to describe their junior bankers professionally. Each time a banker makes changes to client materials pre-meeting — like a deck — it's standard practice for every round of edits or changes to be saved as a new file.

Persons: —, That's, Momo Takahashi, Morgan Stanley's Ted Pick, it's, drudge, Jane Organizations: Service

☆ Should I pay off my mortgage in retirement? New book tackles big money questions
▼ + stars: | 2024-11-03 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Mortgage rates may affect payoff calculusThe mortgage payoff calculus may change based on whether people can outearn their mortgage rates with safe, guaranteed investments, Benz said. For mortgage rates that are 6% or more, paying that balance off will provide a guaranteed return. Admittedly, the argument over whether to pay off mortgages is "much more emotional and psychological than it is financial," Jenkin said. The big money questions people ask themselves to prepare for retirement are just as important as the emotional ones. What brought you joy while you were working may change in retirement, Michael Finke, a professor of wealth management at The American College of Financial Services, tells Benz.

Persons: Jessica Lautz, Benz, JL Collins, Collins, Robert Daly, Ted Jenkin, Jenkin, Michael Finke Organizations: Joint Center for Housing Studies of Harvard University, National Association of Realtors, Benz, Getty, CNBC, CNBC FA, The American College of Financial Services Locations: Atlanta

☆ The 3 things that will influence the stock market in the most consequential week of the year
▼ + stars: | 2024-11-03 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The major stock benchmarks rallied Friday but were lower last week, with the Nasdaq leading the way lower after reaching new highs. Eight other Club names reported earnings last week, including Eli Lilly and Eaton. Despite indications from Big Tech that Nvidia's AI chips will remain in hot demand, the Club stock fell 4.3% for the week. The S & P 500 , which is less tech-weighted, fell nearly 1.4% for the week, making it back-to-back weekly losses for the broader market index. Earnings After analyzing earnings reports from 14 of our portfolio companies last week, there is only one Club name on the docket this week.

Persons: Eli Lilly, Eaton, Jim Cramer, financials Goldman Sachs, Kamala Harris, Donald Trump, Harris, Trump, That's, Jerome Powell, We're, we'll, Archer, Johnson, Jim Cramer's, Jim, Brendan McDermid Organizations: Nasdaq, Devices, Apple, Microsoft, Big Tech, Club, Nvidia, Dow, Intel, AMD, Dow Jones, Visa, American Express, JPMorgan, Bond, Federal Reserve, Boeing, Treasury, White, DuPont, Election, Protection, Electronics, Industrial, Constellation Energy, Marriott, Century Fox, Wynn Resorts, WYNN, Goodyear Tire, Cirrus, Diamondback Energy, Daniels, Midland, Apollo Global Management, Ferrari, Restaurant Brands, Emerson Electric, Devon Energy, Novo Nordisk, CVS Health, Howmet Aerospace, Teva Pharmaceutical Industries, Cedar Fair Entertainment, Toyota, American Electric Power Company, Johnson Controls, Dine Brands, Holdings, AMC Entertainment, Qualcomm, Coty, COTY, Energy, Barrick, Halliburton, HAL, Hershey, Air Products & Chemicals, Warner Bros ., Arista Networks, Rivian Automotive, Trade, Icahn Enterprises, Sony, SONY, Paramount, Jim Cramer's Charitable, CNBC, New York Stock Exchange Locations: BlackRock, Florida, China, Sluggishness, Cleveland, New York City, U.S

☆ 'The reversion will eventually come': A chief strategist says Goldman Sachs and JPMorgan are right to warn of weak returns for the S&P 500 over the next decade
▼ + stars: | 2024-11-02 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Goldman Sachs and JPMorgan predict relatively muted S&P 500 returns over the next decade. AdvertisementMuch has been said about the gloomy outlook for the S&P 500 that some of Wall Street's largest investment banks conveyed in recent weeks. Goldman Sachs said in October that the S&P 500 would return 3% annually, on average, over the next 10 years, underperforming current 10-year Treasury yields. Goldman Sachs"There is little argument that U.S. stock market valuations are elevated compared to historical averages. Investors appeared to do that, with the S&P 500 rising 0.4% on Friday to 5,728, 2.3% below all-time highs.

Persons: Goldman Sachs, Lance Roberts, Roberts, —, It's, Goldman, Sam Kuhn Organizations: JPMorgan, RIA, Service, Bank of America, RIA Advisors, Bureau of Labor Statistics Locations: Wall

☆ Nvidia to replace Intel in Dow Jones Industrial Average
▼ + stars: | 2024-11-02 | by ( Lloyd Lee | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Nvidia is replacing Intel in the Dow Jones Industrial Average, S&P Dow Jones Indices said Friday. AdvertisementNvidia is joining the Dow Jones Industrial Average, the S&P Dow Jones Indices said on Friday, replacing its rival Intel, which held the position for 25 years. AdvertisementThe Sherwin-Williams Company (SHW) will also replace Dow Inc. (DOW) in the index. The Dow Jones Industrial Average, or DJIA, is made up of 30 blue-chip companies, from Amazon to Walt Disney Co., and is often used as a benchmark for the broader US economy. Now, with its entrance into the DJIA, it only underlines the mainstream acceptance of Nvidia as a market leader.

Persons: Dow, —, Sherwin, missteps, Pat Gelsinger, Jensen Huang, Jensen, Dan Ives, JPMorgan Chase, Johnson, Goldman Sachs Organizations: Nvidia, Intel, Dow Jones, Service, Williams Company, Dow Inc, DOW, Walt Disney Co, Amazon Web Services, Corporate Finance Institute, Microsoft, Walmart, JPMorgan, UnitedHealth, Procter, Gamble Company, Cola Company, Chevron Corporation, Merck, Co, Cisco Systems, McDonald's Corporation, Business Machines Corporation, IBM, American Express Company, Caterpillar, Verizon Communications, Walt Disney Company, Goldman, Honeywell International, Nike, Boeing Company, Intel Corporation, 3M Company, Travelers Companies, Dow Locations: Amazon, Silicon Valley, Susquehanna

☆ How a free meal cost an investor his retirement savings
▼ + stars: | 2024-11-02 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

George Wilson learned the hard way that there's no such thing as a free lunch — or, in his case, a free dinner that cost him a chunk of his retirement savings. He also met David Escarcega, one of the hosts and a broker who would eventually advise him to invest in so-called non-correlated, fixed-income alternative products from the now-bankrupt firm GWG. AdvertisementBut those meals aren't really free, Murray said. They're referred to as "free lunch seminars," said Adam Gana, a securities attorney who worked on Wilson's case. In 2017, he decided to renew his investment, according to documents viewed by Insider.

Persons: George Wilson, Wilson, Chris Steak, David Escarcega, Michael Murray, Murray, Adam Gana, Gana, I've, Jean, Escarcega, we're, Wilson wasn't, FINRA, Craig McCann, McCann, he's, Outsized Organizations: GWG, GWG Holdings, Financial, SEC, ADV, CPA, Treasury Locations: GWG

☆ U.S. economy added just 12,000 jobs in October, impacted by hurricanes, Boeing strike
▼ + stars: | 2024-11-01 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Nonfarm payrolls increased by 12,000 for the month, down sharply from September and below the Dow Jones estimate for 100,000, the Bureau of Labor Statistics reported Friday. In what had already been expected to be a downbeat report, October posted the smallest gain since December 2020. A broader measure of unemployment that includes discouraged workers and those holding part-time jobs for economic reasons also was unchanged at 7.7%. In the report narrative, the BLS noted that the Boeing strike likely subtracted 44,000 jobs in the manufacturing sector, which lost 46,000 positions overall. The meager jobs numbers along with wages about in line with expectations help cement another interest rate cut from the Federal Reserve next week.

Persons: Nonfarm, Dow Jones, Helene, Milton, Cory Stahle, Kamala Harris, Republican Donald Trump, Lisa Sturtevant Organizations: of Labor Statistics, BLS, Boeing, Federal Reserve, Republican, Bright MLS Locations: U.S

☆ Election next week holds big implications for stock market, especially the control of Congress
▼ + stars: | 2024-11-01 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

But the true implications for investors monitoring the election may lie in which party controls Congress, rather than who will sit in the White House. .SPX YTD mountain S & P 500 The importance of whichever party controls Congress was highlighted by Trump's recent trips outside battleground states such as New Mexico , a state that hasn't voted for a GOP presidential nominee in roughly 20 years. On the other hand, Evercore ISI's Emanuel expects a Harris victory, with a Democratic sweep of Congress, could result in the S & P 500 falling to roughly 5,700. The S & P 500 slid 1%, while the Nasdaq dipped 0.5%. Earnings season continues with about 100 S & P 500 companies confirmed to report.

Persons: Donald Trump, Kamala Harris, Trump, Nanette Abuhoff Jacobson, I'm, Abuhoff Jacobson, hasn't, Brian Burrell, Jay Hatfield, Harris, Hatfield, Evercore ISI's Julian Emanuel, Evercore ISI's Emanuel, Jerome Powell's, Ralph Lauren, Warner, Alex Harring Organizations: NBC, Congress, House, Democratic, Republican, Hartford Investments, GOP, Thornburg Investment Management, Infrastructure Capital Advisors, Senate, Wednesday, Regional Banking, Treasury, Federal Reserve, Dow Jones, Nasdaq, National, Marriott International, Diamondback Energy, Wynn Resorts, Palantir Technologies, NXP Semiconductors, PMI, PMI Services, Services PMI, Petroleum, Brands, Technology, Computer, CVS, Howmet Aerospace, Gilead Sciences, Labor, Consumer, Moderna, Molson Coors Beverage, Halliburton, Hershey Co, Warner Bros, Expedia, Akamai Technologies, Paramount Locations: New Mexico, Albuquerque, Santa Fe , New Mexico, Hartford, Albemarle, Qualcomm, Michigan

☆ Nvidia to edge out Intel in Dow Jones Industrial Average
▼ + stars: | 2024-11-01 | by ( Lloyd Lee | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Nvidia is replacing Intel in the Dow Jones Industrial Average, S&P Dow Jones Indices said Friday. AdvertisementNvidia is joining the Dow Jones Industrial Average, the S&P Dow Jones Indices said on Friday, replacing its rival Intel, which held the position for 25 years. AdvertisementThe Dow Jones Industrial Average, or DJIA, is made up of 30 blue-chip companies, from Amazon to Walt Disney Co., and is often used as a benchmark for the broader US economy. Since 1999, Intel has held its position on the DJIA to reflect the state of the larger semiconductor industry. AdvertisementNow, with its entrance into the DJIA, it only underlines the mainstream acceptance of Nvidia as a market leader.

Persons: Dow, —, missteps, Pat Gelsinger, Jensen Huang, Jensen, Dan Ives Organizations: Nvidia, Intel, Dow Jones, Service, Walt Disney Co, Amazon Web Services, Corporate Finance Institute Locations: Amazon, Silicon Valley, Susquehanna

Following Friday's trade, Jim Cramer's Charitable Trust will own 30 shares of BLK, increasing its weighting to 0.85% from 0.5%. Our CNBC Investing Club Reporter Morgan Chittum took a look at a few catalysts on the horizon that can keep BlackRock's earnings momentum going. Elsewhere, BlackRock's GIP deal also shows investors that the firm "got back on the front foot" in private markets growth, Evercore ISI said in a recent note. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, Morgan Chittum, Larry Fink, Fink, Biden, there's, Sudhir Nair, BlackRock's, Morgan Stanley, Jim Cramer, Jim Organizations: BlackRock, BLK, Devices, CNBC Investing, Catalyst, Global Infrastructure Partners, Biden Administration, Club, Microsoft, Preqin, Money, Federal Reserve, Boeing, CNBC Locations: BlackRock, U.S, Florida, Riyadh, Saudi Arabia

☆ Losing GPS could cost billions, so the Space Force is having companies like Astranis build a backup network
▼ + stars: | 2024-11-01 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

Pentagon leaders believe those losses are a conservative estimate, leading the U.S. Space Force to kick off a roughly $2 billion satellite program known as the Resilient Global Positioning System. Called R-GPS for short, the program is intended to provide an alternative, backup network for the current satellite system. Last month, the branch awarded four companies with contracts for R-GPS design concepts: Astranis, Axient, L3 Harris and Sierra Space. The R-GPS planSpace Force used a novel Pentagon funding authority, called "Quick Start," to get the R-GPS program going. A rendering of a Nexus satellite in orbit.

Persons: Justin Deifel, Deifel, Harris, We've, John Gedmark, Astranis, Gedmark, they've, … We've Organizations: U.S . Air Force, GPS, Commerce Department, Pentagon, U.S . Space Force, Force's, Systems Command, CNBC, Space Force, Sierra Space, U.S, Department of Defense, Force, of Defense Locations: U.S, Russia, China, Sierra

☆ Biden is beating Trump on stocks. History shows markets do better under Democrats
▼ + stars: | 2024-11-01 | by ( Matt Egan | ) edition.cnn.com time to read: +8 min

The S&P 500 enjoyed a compound annual growth rate of 12.1% from Trump’s surprise election in November 2016 through Biden’s 2020 victory, according to CFRA. “The Trump market was so strong because of a combination of very low inflation, very low interest rates and tax cuts,” said Stovall. The S&P 500’s growth rate under Democrats is 10% compared with 6.7% under Republicans, according to CFRA. In those six years since 1945, where such a dynamic has been in place, the S&P 500 has enjoyed a sizzling growth rate of 16.8%. In fact, the market has generally performed better during times of higher, not lower, tax rates across changes in all three categories, BMO found.

Persons: Donald Trump, Joe Biden, ” Trump, Biden, Sam Stovall, Stovall, Bill Clinton, Kamala Harris, “ Biden, ” Stovall, Trump, Clinton, “, ”, Barack Obama, Hillary Clinton, CFRA, ” Brian Belski, Richard M, Nixon, George W, Bush, . Bush, –, Richard Nixon, Bush –, ” Belski, Gridlock, Harris, BMO’s Belski Organizations: New, New York CNN, Biden’s, CFRA Research, Biden, Trump, Wall, “, Democrats, Republicans, Gross, Democratic, BMO Capital Markets, Clinton, Congress, Investors, Republican, White, BMO Locations: New York

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