November 5, 2024
Business - 11/5
💰 U.S. Election Sets Spending Record, 🤖 Palantir Thrives with AI Demand...
💰 U.S. Election Sets Spending Record The U.S. presidential election became the most expensive in history, with $15.9 billion spent on campaigns. 🤖 Palantir Thrives with AI Demand Palantir reported strong financial performance, driven by increased demand for its AI technologies from governments and businesses. đŸŒŋ Renewable Energy Hinges on Election Renewable energy sector faces uncertainty tied to U.S. election outcomes, with policy differences between candidates. đŸ›ĸī¸ Oil Prices Rise Amid OPEC+ Delay Oil prices jumped nearly 3% as OPEC+ delayed plans to increase supply in the market. 📰 NYT Tech Workers Strike on Election Day Tech workers at the New York Times went on strike over stalled contract talks, risking disruptions on Election Day. 📉 Stocks Drop Due to Election Worries Election-related market anxiety led to a dip in stocks, with the S&P 500, Nasdaq, and Dow all losing value on Monday. 🔍 Super Micro Stock Falls Amid Controversy Super Micro Computer's stock fell 47% after their accounting firm, EY, cut ties amid accusations from a short seller. 📉 Investors Eye Fed's Rate Cut Plans Investors are looking to Federal Reserve Chairman Jay Powell to maintain plans for a rate cut. 📈 S&P 500 Typically Rises Post-Election The S&P 500 has historically risen in the year following U.S. elections, regardless of which party wins. 🚴 Peloton Stock Soars After Review Peloton's stock surged after a favorable review from Bank of America, citing potential earnings increases under new leadership. 📉 Stocks Decline Pre-Election Volatility Stocks dipped as investors anticipate Election Day results, with potential market volatility expected in the coming weeks. đŸ’ŧ Berkshire Hathaway Cash Hits Record Berkshire Hathaway's cash reserves surged to a record high of $325 billion. 🏨 Marriott Lowers Profit Forecast Due to China Marriott reduced its profit forecast as weak travel demand in China affected earnings.
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