A 'red wave'--where Republican candidate Donald Trump becomes president and Republicans control Congress--would be the most positive result for the US dollar

A Kamala Harris victory in November’s U.S. presidential election is viewed as more favorable for Treasuries and less beneficial for stocks compared to a win for Donald Trump, according to a Bloomberg Terminal subscriber survey. Half of the survey participants indicated they would increase their equity exposure if

SMCI current auditor E&Y has just resigned over “governance and transparency concern”

Super Micro Computer (NASDAQ: SMCI) shares plummeted by nearly 30% in premarket trading on Wednesday after the company’s auditor, Ernst & Young LLP (EY), resigned. According to a regulatory filing, EY submitted a letter of resignation to the members of the audit committee on October 24. In its filing,

"Trump tariffs could increase laptop prices by $350+, other electronics by as much as 40%," per Tom's Hardware

If Donald Trump wins the 2024 U.S. presidential election, you might find your next laptop significantly more expensive. As part of his campaign, the former president and GOP candidate has pledged to impose hefty tariffs of 10% to 20% on goods from all countries, with a special 60% rate

Trump has accused Taiwan of stealing US chip business

Former President Donald Trump expressed his frustration with Taiwan over the weekend during an appearance on The Joe Rogan Experience podcast, accusing the country of "stealing" the U.S. chip industry. Trump criticized the U.S. CHIPS Act and announced that if elected, he would impose tariffs on

Joe Rogan turned down Kamala Harris interview over Kamala's campaign demands

J.D. Vance, running mate to former President Donald Trump, will be interviewed by Joe Rogan on Wednesday, following Rogan's decision to decline an interview with Vice President Kamala Harris due to her campaign's conditions. The Harris campaign had requested that Rogan travel to her location

Boeing, BA, has overcharged the Air Force by nearly 8,000% for soap dispensers

Boeing (BA.N) overcharged the U.S. Air Force for spare parts for C-17 transport planes, including marking up the price of soap dispensers by 7,943%, according to a report from a Pentagon watchdog. On Tuesday, the Department of Defense Office of Inspector General revealed that the Air Force

Donald Trump has his largest ever lead on Polymarket, with a 67% chance to win the US Presidential election, compared to Kamala Harris' 33%.

Election betting has taken a prominent role in the 2024 campaign, with mainstream publications now featuring odds alongside polls and other election models. Millions are watching these betting markets closely, speculating on whether market dynamics are revealing genuine probabilities for the election outcome. This level of attention is a recent

Goldman Sachs, GS, says that S&P 500 will post an annual return of 3% over the next decade down from 13% over the last decade

Goldman Sachs, $GS, says that S&P 500 will post an annual return of 3% over the next decade down from 13% over the last decade. According to Goldman Sachs, the exceptional stock market performance of the past decade could be followed by a period of significantly lower returns

JPMorgan Chase, JPM, has begun to file lawsuits against people that withdrew hundreds of thousands of dollars using a so-called “infinite money glitch” that went viral on social media last summer

JPMorgan Chase, $JPM, has begun to file lawsuits against people that withdrew hundreds of thousands of dollars using a so-called “infinite money glitch” that went viral on social media last summer. JPMorgan Chase is taking legal action against customers in the U.S. whom it accuses of exploiting a technical

General Motors, $GM, profit nears a record a year after saying it couldn't afford its workers' pay demands

General Motors (GM) posted much stronger-than-expected third-quarter earnings and provided an outlook suggesting it’s on track for record profits in 2024, just a year after enduring a costly strike by the United Auto Workers (UAW) union. GM reported an adjusted profit of $3.4 billion for the third quarter,

Angel Reese has said, per CNBC: My $73,000 WNBA salary can’t cover my bills—‘I’m living beyond my means’

Angel Reese may be a prominent figure in the WNBA, but her earnings from the league are far from enough to cover her expenses. The Chicago Sky’s All-Star rookie recently revealed that her $73,439 salary doesn’t come close to making ends meet. “I just hope y’all

U.S banks are currently sitting on $750 billion in losses on real estate debt

A particularly alarming aspect of the potential $750 billion in losses is how much is tied to residential mortgage-backed securities (RMBS). Banks heavily invested in RMBS when interest rates were lower, as easy credit made it simpler to acquire large debt tranches and sell the underlying assets. However, these investments

The 30-year fixed-rate mortgage climbed BACK above 7% today, reaching its highest point since early July

The average rate on a 30-year mortgage in the U.S. increased again this week, reaching its highest level in nearly three months. Freddie Mac reported Thursday that the rate rose to 6.54%, up from 6.44% last week. Despite the recent rise, the average rate remains lower than

NPR has reported that over 8%, or ~200,000 people, of Washington Post's subscribers have canceled their subscriptions after not endorsing Kamala Harris after being blocked by Amazon $AMZN's Jeff Bezos

NPR has reported that over 8%, or ~200,000 people, (!!!) of Washington Post's subscribers have canceled their subscriptions after not endorsing Kamala Harris after being blocked by Amazon $AMZN's Jeff Bezos. By midday Monday, over 200,000 people had canceled their digital subscriptions to the paper,

Volkswagen plans to close at least three manufacturing plants in Germany and lay off tens of thousands of workers

Volkswagen is planning to shut down "at least" three factories in Germany, lay off tens of thousands of employees, and scale down operations at other domestic plants, according to the company’s employee group on Monday. These closures would mark the first time in Volkswagen’s 87-year history

Robinhood, HOOD, has launched U.S. presidential election derivatives

Robinhood, $HOOD, has launched U.S. presidential election derivatives. Upstart broker Robinhood is diving into prediction markets, announcing on Monday that users can now trade on the outcome of the 2024 presidential election, which is just eight days away. Robinhood users can trade contracts tied to Kamala Harris or Donald

Hedge funds are creating portfolios for a Trump presidential win, JPMorgan, JPM, has said

Hedge funds are creating portfolios for a Trump presidential win, JPMorgan, $JPM, has said. Global hedge funds are showing "a strong preference" for stocks that could thrive if Republican candidate Donald Trump wins the upcoming election, according to a note from JPMorgan. The bank analyzed hedge fund positioning

“I’m tired of hearing this is the biggest election in your lifetime. The reality is over time it doesn’t matter," Larry Fink of BlackRock, BLK, has said

Larry Fink believes the U.S. election won't have a significant impact on the markets. The BlackRock CEO reiterated his stance that the outcome of the upcoming U.S. election, set to be decided in two weeks, won't matter much in the long term. "I&

New York Stock Exchange plans to extend weekday trading on its NYSE Arca equities exchange to 22 hours a day

The New York Stock Exchange announced on Friday its plans to extend weekday trading on its NYSE Arca equities exchange to 22 hours a day. As part of Intercontinental Exchange, the NYSE stated that the new trading hours would run from 1:30 a.m. to 11:30 p.m.

"The lucky few Gen Z and millennials who broke into the housing market feel trapped in their starter homes"

Many members of Gen Z and millennials today are either renting or still living with their parents due to the high cost of purchasing a home. Even those fortunate enough to have bought a starter home are now finding themselves stuck in it. According to new research by Edelman Financial

Donald Trump interview with Joe Rogan is now live on Youtube

Joe Rogan interviewed former President Donald Trump on Friday, marking the first time that Rogan's popular podcast, The Joe Rogan Experience, featured a former president. The nearly three-hour interview was recorded in Austin, Texas, and published on Rogan's social media channels Friday night. This comes as

Israel has launched its retaliatory strikes against Iran

Israel launched an offensive against Iran in retaliation for a large-scale ballistic missile attack by Iran on October 1. U.S. and Israeli officials anticipate a military response from Iran but hope it will be contained, allowing the two countries to avoid escalating into a prolonged conflict. However, the Biden

Man who accidentally threw hard drive containing 8,000 bitcoins worth half a billion dollars in landfill sues local city council for not excavating the site

James Howells, known for mistakenly discarding a hard drive containing Bitcoin now valued at over half a billion dollars, has taken a significant step in his quest to recover it. In a last-ditch effort, the Wales-based software engineer has filed a lawsuit against Newport City Council, seeking around £495.31

The US gov is investigating Tether $USDT however Tether denies and says old news

Tether, the issuer of USDT, is reportedly under investigation by U.S. federal authorities for potential violations of sanctions and anti-money-laundering laws. Tether CEO Paolo Ardoino quickly dismissed the Wall Street Journal report, calling it a rehash of “old noise.” The investigation is led by prosecutors from the U.S.

Donald's Trump odds of winning the presidential election have increased to 65.6% on Polymarket

This week, Donald J. Trump shared a bold graphic on social media, suggesting that his path to victory in the upcoming presidential election looks stronger than ever. According to the graphic, Mr. Trump now has a 65.6% chance of winning against Vice President Kamala Harris, who stands at 34.