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Nov 07 2024POLITICS

Markets Celebrate Trump's Reelection with Historic Gains

US stocks skyrocketed on Wednesday, following former President Donald Trump's victory in the US presidential election. The Dow Jones Industrial Average jumped by a massive 1, 507 points, or 3. 57%, to hit a new all-time high. This surge was the first time the Dow has gained more than 1, 000 points i

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Nov 07 2024FINANCE

Stocks on the Rise: Crypto, Tech, and Auto Firms Benefit from Trump's Reelection

In the blink of an eye after the election results were out, the stock market jumped up. The Dow Jones Industrial Average was up by more than 3 percent, and the Nasdaq Composite and S&P 500 weren't far behind, rising by nearly 2 percent. Crypto In the crypto world, things got really exciting. The p

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Nov 06 2024POLITICS

Bitcoin and Stocks Go Up as Election Results Come In

Tuesday night was an exciting time for investors. Futures on the Dow and S&P 500 climbed, and Bitcoin hit a new peak as early results from the U. S. presidential election rolled in. The U. S. dollar index also reached its highest level since July. Cryptocurrencies, often linked to former President T

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Nov 06 2024POLITICS

Trump's Win: Profits for Controversial Businesses

Donald Trump's victory in the presidency has led to a surge in stocks for certain businesses, many of which have been controversial. Let's start with Donald Trump's own business, Trump Media & Technology Group. Its stock crashed as the election results were coming in, but it rebounded strongly once

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Nov 06 2024FINANCE

Tech Boom on the Horizon, No Matter Who Wins the Election

ARK Invest's CEO, Cathie Wood, is confident that the next U. S. president will be friendly to tech innovation, regardless of whether it's Trump or Harris. She sees a coming boom due to reduced regulations, a view shared by both candidates, according to Wood. The firm's ARK Innovation ETF (ARKK) is u

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Nov 06 2024POLITICS

Trump's Social Media Stock Surges on Election Day

As the nation cast their votes on Election Day, shares of Trump Media & Technology Group, the company behind social media platform Truth Social, saw a significant boost. On Tuesday, the stock price jumped by 15%, starting the day at $37. 52 and touching a high of $40. 74 before settling around $39.

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Nov 06 2024BUSINESS

Trump's Media Group: A Rocky Election Day and Mixed Earnings

On Election Day 2024, Donald Trump's Trump Media & Technology Group, the owner of Truth Social, had a rollercoaster ride. The company's stock, DJT, was halted three times after unexpected drops. The day ended with the release of the company's third-quarter earnings, showing a decrease in revenue and

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Nov 06 2024BUSINESS

Celestica: Set for major gains driven by AI and data centers, says Barclays

Barclays thinks Celestica, a company that makes custom chips for huge data centers, is in for a big boost. The investment bank started covering the stock with a positive rating and predicts a 26% jump in price. Analyst George Wang thinks Celestica's products for data centers will be a hit, especiall

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Nov 06 2024POLITICS

Stock Prices and Bitcoin Rise as Election Results Uncertain

Investors are on the edge of their seats as the U. S. presidential election results keep them guessing. With vote counting still ongoing, stock prices around the world saw a boost. The S&P 500 was up by 1. 2%, with a similar rise for the Dow Jones Industrial Average. Bitcoin also joined the party, s

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Nov 05 2024FINANCE

Buffett's Favorite Stocks: Holding Strong While Others Sell

Warren Buffett, the chairman of Berkshire Hathaway, has been shedding shares of Apple and Bank of America, but there are three stocks he's holding onto for the long haul. These stocks, which he calls "truly wonderful" businesses, have unique advantages that make them stand out. American Express, a

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