{
}
The US presidential election campaign is projected to cost $5.5 billion, with significant contributions from billionaires like Elon Musk and Timothy Mellon supporting Trump, while Kamala Harris has backing from more billionaires, including Michael Bloomberg and Bill Gates. Fundraising tactics have raised concerns, particularly regarding misleading practices that have exploited elderly donors, leading to substantial unintentional contributions. Despite Trump's billionaire support, Harris has outpaced him in fundraising, especially from small donors, highlighting a stark financial contrast between the two campaigns.
Israel's recent airstrikes on Iranian missile production and air defense systems mark a significant escalation, with the Israeli military asserting its capability for further action. Despite avoiding critical energy infrastructure, the attacks signal vulnerability in Iran's defenses, particularly as Tehran's missile production faces disruption. Iranian leaders have vowed retaliation, raising concerns about the potential for intensified conflict in the region.
UnitedHealth and CVS Health face significant challenges ahead of the US elections, with rising costs and pressure on Medicare Advantage impacting their earnings. A potential Trump victory could ease regulatory burdens, while a Harris win may maintain strict controls, further straining these companies. Both firms are investing in value-based care, but the complexity and costs involved are hindering profitability, leaving their futures uncertain.
Robinhood has entered the prediction betting market, allowing users to trade contracts for Kamala Harris and Donald Trump ahead of the 2024 presidential election. This move follows a recent ruling favoring election outcome trading, despite ongoing concerns about market manipulation and low trading volumes. The platform aims to democratize access to real-time decision-making through event contracts.
Bitcoin faces high tension ahead of the US election, with key focus on upcoming non-farm payrolls (NFPs) and price data. Current predictions show Trump leading Harris, which could positively impact the crypto industry if his promises of less regulation are realized.The market eyes the critical $70,000 mark to confirm an upward trend, with a potential record high of $73,800 in sight. However, short-term setbacks below $66,000 or $64,000 remain possible as investors await significant economic indicators.
Switzerland seeks a free trade agreement with the US to enhance market access for its exporters, especially amid rising trade barriers. While the Biden administration favors collaboration, the potential return of Trump could reignite tariffs, impacting Swiss businesses reliant on the US market. Harris's approach may favor negotiations with allies, which could benefit Switzerland amidst US-China tensions.
UBS has initiated coverage of Standard Aero Inc (NYSE: SARO) with a Neutral rating and a price target of $34.00, citing growth potential from aging aircraft fleets and key engine platforms, despite concerns over high valuation multiples. The company recently completed an IPO, raising $1.201 billion, while RBC Capital and JPMorgan have given more optimistic ratings, projecting significant sales growth in the engine maintenance sector. However, Standard Aero faces financial challenges, including a negative EPS and weak gross profit margins, which contribute to UBS's cautious outlook.
Global finance leaders expressed deep concerns over the potential return of Donald Trump in the upcoming U.S. presidential election, fearing it could trigger a U.S.-EU trade war with significant tariff increases and increased debt. Discussions at the IMF and World Bank meetings highlighted worries about the impact on the global financial system and setbacks in climate change efforts due to a shift towards fossil fuels.
AUD/USD is poised for its largest monthly decline since September 2022, with an expected drop of about 4.8% in October, closing last week at 0.6604. The upcoming US election could further impact the currency pair, with a potential Republican sweep likely to strengthen the USD, while a divided Congress may support AUD/USD. Technical analysis indicates a bearish trend, with key support levels at 0.6500 and 0.6380 - 0.6350.
Donald Trump held a rally at Madison Square Garden, where he emphasized his plans for immigration reform and criticized Kamala Harris, calling her a "very low IQ individual." The event featured controversial remarks from speakers, including racist and misogynistic comments, which drew backlash. Meanwhile, Harris continues to rally support, highlighting her commitment to investing in Puerto Rico and contrasting her campaign's message with Trump's divisive rhetoric as polls show a tight race ahead of the election.
Kamala Harris
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
US election campaign costs soar amid questionable fundraising practices and billionaire support
United States Dollar
Wall Street Journal
Wesleyan Media Project
Microsoft Corporation
USA
Bill Gates
Elon Musk
Donald Trump
Michael Bloomberg
Kamala Harris
Show more
18:34 28.10.2024
israel strikes iranian missile sites signaling potential escalation in conflict
United States Dollar
International Institute for Strategic Studies
Apple Inc.
ISR
Kamala Harris
Masud Pezeshkian
Herzi Halevi
Rewert Hoffer
Fabian Hinz
Show more
18:19 28.10.2024
healthcare giants face uncertainty ahead of us elections and rising costs
UnitedHealth Group Incorporated
CVS Health Corporation
USA
Kamala Harris
Joe Biden
Donald Trump
Show more
15:11 28.10.2024
robinhood enters election trading with contracts for harris and trump
United States Dollar
Kalshiex LLC
Robinhood Markets, Inc.
Interactive Brokers Group, Inc.
Polymarket
USA
Donald Trump
Kamala Harris
Show more
11:45 28.10.2024
bitcoin price faces uncertainty ahead of us election and labor market data
10:40 28.10.2024
switzerland navigates us trade dynamics amid shifting political landscapes
United States Dollar
World Trade Organization Pension Plan
NATO
Apple Inc.
EU SA
UKR
CHE
USA
CHN
Jacques Pitteloud
Joe Biden
Kamala Harris
Laura von Daniels
Aurèle Cotton
Show more
09:00 28.10.2024
ubs assigns neutral rating to standard aero with cautious growth outlook
UBS AG
RBC Capital Markets
JPMorgan Chase & Co.
Standard Aero Inc
USA
Kamala Harris
Elon Musk
Donald Trump
Ubs
Joe Biden
Show more
08:33 28.10.2024
global finance leaders express concerns over potential trump presidency impacts
United States Dollar
International Monetary Fund FUND
International Bank For Reconstruction And Development - World Bank Trust Funds
USA
DEU
Donald Trump
Kamala Harris
Christian Lindner
Show more
07:09 28.10.2024
aud usd faces largest monthly decline since september 2022 amid economic uncertainties
New Zealand Dollar
United States Dollar
Japanese Yen
Australian Dollar
Reserve Bank of Australia
Apple Inc.
AUS
USA
JPN
CHN
Kamala Harris
Donald Trump
Show more
06:15 28.10.2024
trump and harris clash in high-stakes rallies ahead of election day
United States Dollar
Madison Square Garden Sports Corp.
X social media platform
USA
PRI
CHN
Bruce Springsteen
Kamala Harris
Beyoncé
Donald Trump
Rudy Giuliani
Show more
05:07 28.10.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Finance Mergers & Acquisitions
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Central Bank Actions
Industry Mergers & Acquisitions
Inflation and Monetary Impact
Government Economic Policies
Market Analysis and Predictions
CEO Changes
Domestic Politics
Government Policies
Workplace Trends
GDP Growth & Recession Forecasts
Financial Scams and Security
Countries:
Companies:
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Barclays PLC
Deutsche Bank Money Market PP
The Goldman Sachs Group, Inc.
Banco Santander, S.A.
Credit Suisse Strategic Income I
Berkshire Hathaway Inc.
UBS Group AG
Lloyds Banking Group plc
SpaceXCoin USD
Morgan Stanley
Amazon.com, Inc.
Bank of America Corporation
Wells Fargo & Company
BNP Paribas SA
NVIDIA Corporation
Bank Frick AG
UniCredit S.p.A.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Chinese Yuan
South Korean Won
Canadian Dollar
Vietnamese Đồng
Australian Dollar
Thai Baht
New Taiwan Dollar
Singapore Dollar
Indonesian Rupiah
Mexican Peso
Russian Ruble
Hong Kong Dollar
Offshore Chinese Yuan
New Zealand Dollar
People:
Donald Trump
Elon Musk
Warren Buffett
JD Vance
Sergio Ermotti
Mark Haefele
Robin Leopold
Troy L Rohrbaugh
Jennifer Piepszak
Olivier Calvet
Karoline Leavitt
Ursula von der Leyen
Scott Bessent
Stacey Friedman
George Saravelos
Susan P. Crawford
Francois Xavier Bouvignies
Joseph Spak
Stefan Rauti
Jeff Bezos