It’s a good time to increase exposure to bitcoin as stocks continue hitting new records and as the U.S. presidential election draws nearer, according to Bernstein. Bitcoin is again testing $70,000, something it’s done several times this year after reaching a new record above $73,000 in March. This time could be different, however, according to Bernstein. The end of “Uptober” (crypto investors’ name for bitcoin’s historically strongest month of the year) is around the corner; the U.S. general election, widely seen as a key catalyst (at least on a short-term basis) for bitcoin, will follow; demand for bitcoin ETFs is…
Author: usaeverydaylife
Vice President Kamala Harris is campaigning for president against Elon Musk at least as much as she is against former President Donald Trump, Mark Cuban said Monday, as he advocated for the Democratic nominee as the pro-business choice.”It’s the Harris campaign versus Elon, not even versus Trump,” the billionaire investor and former “Shark Tank” host said on CNBC’s “Squawk Box.”Cuban took a swipe at the Tesla and SpaceX CEO over Musk’s promise to give $1 million per day to the winner of a swing-state voter sweepstakes, calling it “innovative” and “desperate.”But Cuban later predicted that if Harris wins, she “100%”…
NEW YORK — The 2024 WNBA Finals was one of the most memorable series in league history. Even as they were competing against each other, Minnesota Lynx and New York Liberty players recognized the beauty of their competition and what a great advertisement it was in a season that brought record viewership and enthusiasm to the league.But the finals also brought a spotlight to the WNBA’s officiating. The performance of the referees didn’t rise to the standard of the players, and they compromised the league’s product as a result.“It’s a shame that officiating had such a hand in a series…
JPMorgan sees some near-term catalysts leading to a big rally in Xpeng shares. Analyst Nick Lai, who has an overweight rating on the Chinese electric vehicle maker, added Xpeng to the Wall Street bank’s positive catalyst watch list in a 17-page report out Sunday. His price target of $14 implied roughly 34% upside from the stock’s close on Friday. “In addition to our positive sector stance into the year-end (i.e. 35% QoQ PV growth in 4Q24 vs. seasonality ~20%, click here), XPeng’s upcoming new product strategy, advancing in-house technology and solid 3Q earnings as well as strength in 4Q vehicle…
Republican presidential nominee, former U.S. President Donald Trump delivers remarks during a campaign rally at the Cobb Energy Performing Arts Centre on October 15, 2024 in Atlanta, Georgia. Kevin Dietsch | Getty Images News | Getty ImagesFive men who were wrongfully convicted as teenagers in the so-called Central Park Five jogger rape case sued Donald Trump on Monday, saying the Republican presidential nominee defamed them by claiming they killed someone and pleaded guilty.The lawsuit, filed in federal court in Philadelphia, cites several statements Trump made about the men during his Sept. 10 debate with Democratic nominee Kamala Harris.”Defendant Trump falsely stated…
The Supreme Court is visible on July 29, 2024 in Washington, DC. In an op-ed in The Washington Post, U.S. President Joe Biden laid out his proposed reforms to the Supreme Court including 18 year term limits for Supreme Court Justices and a new code of ethics for the court ahead of a speech tonight at the Lyndon B. Johnson Presidential Library in Austin, Texas. Andrew Harnik | Getty ImagesThe U.S. Supreme Court declined on Monday to hear a conservative challenge to job protections for the leaders of the federal consumer product safety watchdog in a case that would have given…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailSquawk on the StreetCNBC’s Phil Lebeau joins ‘Squawk on the Street’ to report on the latest proposal to end the Boeing machinist worker strike.05:0531 minutes ago Source link
Chris Larsen, the co-founder and chairman of Ripple, contributed nearly $9.9 million to Future Forward in September, in addition to more than $800,000 to the Harris Victory Fund, according to FEC data compiled by Breadcrumbs crypto market and blockchain analyst James Delmore and independently verified by CNBC.Including Larsen’s August contribution of $1 million worth of XRP tokens, the billionaire has given more than $11.8 million to PACs supporting the Harris campaign, making him one of the crypto industry’s largest individual donors this cycle.Larsen, who’s backed candidates across the aisle the last few years, told CNBC in an interview that his comfort level…
Kenvue CEO Thibaut Mongon at the New York Stock Exchange for its initial public offering, May 4, 2023.Source: NYSEActivist investor Starboard Value has a large stake in Kenvue, which spun out of Johnson & Johnson in mid-2023, according to people familiar with the matter.The activist is looking for the company to improve its share price, said the people, who requested anonymity to discuss private information freely. CNBC could not learn the size of the stake nor Starboard’s specific plans. Starboard’s Jeff Smith is expected to discuss the activist’s plans for the company in detail at 13D Monitor’s Active-Passive Investor Summit…
Here are the most important news items that investors need to start their trading day:1. Can stocks keep rising?U.S. stocks have carved out a winning streak. The S&P 500 and Dow Jones Industrial Average have posted six straight positive weeks. Both indexes closed at record highs on Friday. A busy week of earnings, along with the approaching presidential election, will help to determine where stocks go in the days ahead. Follow live market updates.2. Earnings in transitModel Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul…
