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trump promises pro crypto policies following election night victory

Donald Trump, celebrating a potential election victory, made significant promises to the crypto industry, including maintaining U.S. bitcoin holdings and firing SEC Chairman Gary Gensler. He proposed a presidential advisory council for crypto and emphasized the importance of U.S.-based bitcoin mining, asserting that his administration would support the industry against regulatory challenges. With a Republican-controlled Senate, Trump aims to create a more favorable environment for digital assets.

musk and trump allies acknowledge short-term consumer pain from tariff plans

Elon Musk and other allies of Donald Trump acknowledge that the former president's tariff plans could lead to short-term economic challenges, including higher consumer prices. They argue, however, that these policies may yield long-term benefits, such as increased wages. Critics, including Vice President Kamala Harris, label the tariffs as a "Trump sales tax," while Trump’s campaign deflects concerns by blaming the opposition for economic issues.

Adani Enterprises poised for revenue and EBITDA growth in Q2 results

Adani Enterprises is set to report a 17% year-on-year revenue increase to Rs 26,345 crore for Q2, with EBITDA expected to rise to approximately Rs 4,900 crore. The firm raised Rs 4,200 crore from institutional investors through a QIP, with Quant Mutual Fund as the largest investor. Cantor Fitzgerald has initiated coverage with an "overweight" rating and a price target of Rs 4,368, highlighting the benefits of its diversified business model.

norway wealth fund warns of stock market risks amid economic uncertainty

Norway's $1.8 trillion sovereign wealth fund, managed by Norges Bank Investment Management, has issued a cautionary warning about stock market risks, citing heightened uncertainty in the economic outlook. Deputy CEO Trond Grande emphasized the need for realism amid concerns over the U.S. political climate, China's economic recovery, and stagnant growth in Europe. Despite a strong performance, with a third-quarter return of 4.4%, the fund acknowledges that risks are skewed to the downside in equity markets.
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