Reuters
November 06, 2024 / 15:13 IST
US presidential elections are all about “the economy, stupid”, said Bill Clinton’s strategist James Carville in 1992.
And for American voters who cared more about the economy than other issues –
Tesla Inc. TSLA shares surged by over 12% in overnight trading on brokerage firm Robinhood over a likely Donald Trump victory in the U.S. Presidential elections.
What Happened: According to The New York Times, Trump currently has over 95% chance of victory given he already has 267 of the 270 electoral votes needed to win.
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Shenzhen aims to build over 1,200 take-off and landing platforms by 2026,
» Read more about: Shenzhen to invest US$1.7 billion in economy for flying cars, drones by 2026 »
The fashion giant said that it had seen a strong start to the sales of its autumn and winter ranges, despite wetter weather washing out those of summer shoes and beachwear.
Primark saw a 6% growth in sales in the year overall and saw shirts and leisurewear items do well among men.
» Read more about: Primark considers investing outside UK due to Budget »
The legacy chipmaker faces another challenge.
Intel (INTC 3.55%) stock popped Friday after it reported ugly third-quarter results but its outlook for the fourth quarter was better than expected. However, the celebration was short-lived, as S&P Global announced after hours that rival Nvidia would replace Intel in the Dow Jones Industrial Average (^DJI 1.02%).
Short Term Elliott Wave View on S&P 500 (SPX) suggests rally from 8.5.2024 low is in progress as an impulse. Up from 8.5.2024 low, wave 1 ended at 5651.6 and pullback in wave 2 ended at 5402.6. Index then extended higher in wave 3 towards 5878.4 as 45 minutes chart below shows. Wave 4 pullback unfolded as a Flat Elliott Wave structure.
» Read more about: Elliott Wave view calling for S&P 500 to extend higher [Video] »
President Joe Biden’s administration says it’s finalizing rules to curb investments in AI and other tech sectors in China, Reuters reports.
The rules, which were first proposed in June by the U.S. Treasury and directed by an executive order President Biden signed in August 2023, cover certain AI systems,
» Read more about: US finalizing rules to ban certain investments in AI tech in China »
Make sure you’re prepared if you’re thinking of going back to work.
Retirement is a period of life many people look forward to. And some people save super aggressively to get there early.
But frankly, retirement isn’t for everyone. A lot of people find themselves bored and unfulfilled once they’re no longer holding down a job.
» Read more about: Coming Out of Retirement? 3 Hidden Costs You Might Encounter. »