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fbi conducts raid on polymarket ceo amid election betting investigation

FBI agents raided the New York home of Polymarket CEO Shayne Coplan, seizing his phone and electronics amid a DOJ investigation into the site for allegedly allowing U.S. users to bet on elections. The raid followed Polymarket's controversial predictions favoring Donald Trump over Kamala Harris, diverging from polls. The company claims the action is politically motivated, while Coplan has not been arrested.

telehealth market projected to reach 577 billion dollars by 2031

The telehealth market is projected to grow from USD 101.17 billion in 2023 to USD 577.27 billion by 2031, achieving a CAGR of 24.32%. This growth is fueled by increased digital health adoption, technological advancements, and significant investments, including a $2.37 billion funding initiative in the UK for enhancing telehealth services. Major tech companies like Amazon, Apple, and Google are entering the space, driving innovation in virtual care and AI-driven healthcare solutions.

Trump's election victory sparks market rally and new policy uncertainties

Following President-elect Donald Trump's election victory, US equities surged, with the S&P 500 achieving its best weekly performance of 2024. The Republicans regained control of the Senate and are likely to secure a majority in the House, raising concerns about potential gridlock.Investors are now focused on Trump's forthcoming policy statements, which may introduce new uncertainties regarding trade, immigration, and fiscal policy. Additionally, the Federal Reserve's interest rate decisions and China's fiscal stimulus measures will be closely monitored as the economic landscape evolves.
01:00 12.11.2024

Bitcoin reaches new high as Trump victory fuels crypto market optimism

Bitcoin has reached a new all-time high of $84,800, fueled by a risk-on sentiment following Donald Trump's election victory. The crypto market has seen significant gains, with Dogecoin rising 60% and Ether and Solana up 30%. However, while optimism surrounds potential regulatory reforms, a correction may be imminent, with support levels around $77,000.
17:25 11.11.2024

insights from the art basel and ubs global collecting survey 2024

The Art Basel and UBS Survey of Global Collecting 2024 reveals insights into the behaviors of high-net-worth collectors amid challenging economic conditions, gathering responses from over 3,500 individuals across 14 markets, including new additions like Switzerland, Mexico, and Indonesia. The report, authored by cultural economist Dr. Clare McAndrew, features discussions with UBS Global Wealth Management's chief economist Paul Donovan and Art Basel CEO Noah Horowitz.
01:00 11.11.2024

democrats face reckoning after kamala harris election defeat and leadership crisis

The Democrats face a crisis after Kamala Harris's election defeat, prompting a search for accountability and leadership. With Biden's presidency transitioning to Trump, internal conflicts and the need for reinvention loom large as the party grapples with losing support among key demographics and swing states. The upcoming mid-term elections in 2026 will be crucial for the party's future direction.

US election outcome and Fed rate hike raise investor concerns

Donald Trump has won the US election against Kamala Harris, raising concerns about a potential protectionist leadership style that could impact Germany's export-driven economy. Meanwhile, the Federal Reserve has tightened interest rates by 25 basis points, now ranging from 4.50 to 4.75 percent, while US consumer sentiment has improved unexpectedly, climbing to 73 points in November. Investors are now focused on upcoming US consumer price data, set to be released on Wednesday.
19:43 08.11.2024

Trump presidency poses risks and opportunities for Swiss pharmaceutical industry

The pharmaceutical and chemical sector constitutes about 40% of Swiss exports, with major companies like Roche and Novartis closely monitoring the implications of a potential second Trump presidency. While there are hopes for biomedical innovation, concerns about public trust in the industry and the impact of proposed healthcare policies loom large, especially regarding drug pricing and the role of scientific research. Trump's administration may also challenge global health initiatives and partnerships, particularly with China, complicating the landscape for Swiss pharmaceutical firms reliant on international trade.

black business leaders navigate challenges and opportunities in a trump administration

Black business leaders are grappling with the implications of a Trump administration following Kamala Harris's presidential loss, attributing her defeat to racism and sexism while acknowledging Trump's economic appeal to Black voters. Some see potential opportunities in his second term, citing past successes in supporting Black businesses. The focus is shifting towards economic resilience and upskilling, emphasizing the importance of financial stability over emotional responses to the political climate.

banking uncertainty looms as election outcome could reshape regulations

Big bank deals may be influenced by the 2024 election, with banks leaning towards Donald Trump's low-regulation approach. However, his potential victory could threaten the stability and norms that banks depend on, while Vice President Kamala Harris is expected to maintain the current regulatory framework.
12:00 08.11.2024
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