November 9, 2024

Elon Musk could become world’s first trillionaire

Elon Musk is on track to become the world’s first trillionaire by 2027, according to a recent report from Informa Connect Academy. Of the world’s billionaires, Musk is the closest to that 13-figure mark, and his wealth is growing. At the start of 2020, Musk was worth about $28.5 billion, according to the Bloomberg Billionaires Index. By the end of that year, he was worth around $167 billion, and as

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November 9, 2024

Wall Street drafts Trump wish lists over bank capital, SEC regulation By Reuters

By Pete Schroeder and Chris Prentice WASHINGTON/NEW YORK (Reuters) -The banking and finance industries are rapidly drawing up wish lists for lighter regulation under President Donald Trump’s incoming administration as Wall Street sees a window of opportunity to influence policy. Numerous financial trade groups are working on detailed lists to hand to Trump’s transition team, according to four industry sources who asked not to be identified.  That follows weeks of

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November 9, 2024

French Regulator Says It’s ‘Examining’ Polymarket

The scrutiny comes after a French national, known only by his first name, Theo, profited handsomely on Polymarket by placing large, and ultimately correct, bets that Donald Trump would win the U.S. presidential election, despite polls that indicated the contest with Kamala Harris would be a toss-up. According to the Wall Street Journal, Theo is set to make $50 million on his trades. Source link

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November 9, 2024

BTC Touches $77K, CRO Soars 17%, GOAT Crashes 10%

Cryptocurrency prices today have again sparked market discussions globally, illustrating mixed trajectories. Bitcoin (BTC) price again touched a new ATH at the $77K mark, whereas Ethereum (ETH) and Solana (SOL) traded in the green territory. However, XRP price faced considerable volatility over the past day, trading in the red currently. Simultaneously, the meme coins sector also showcased mixed actions, sparking market speculations. The global crypto market cap rose 1.25% from

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November 9, 2024

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November 9, 2024

What his election means for EVs

Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – President-elect Donald Trump’s victory over Vice President Kamala Harris is expected to send the U.S. electric vehicle industry into a period of uncertainty.

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November 9, 2024

5 ways Trump’s next presidency could affect the U.S. economy — and your money

President-elect Donald Trump’s victory in the November 5 election highlights the frustrations of millions of voters, with many Americans noting in exit polls on Tuesday that they’re still hurting from the highest inflation in 40 years and dissatisfied with the nation’s economic trajectory.  Trump ran on a campaign that vowed to tackle those issues, pledging to end the “inflation nightmare” and to bring prices down “very quickly.” He also offered a myriad

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