November 4, 2024
Business - 11/4
📈 Buffett's Berkshire Cash Hits Record, 📉 Fed Expected to Cut Interest Rates...
📈 Buffett's Berkshire Cash Hits Record Warren Buffett's Berkshire Hathaway has increased its cash pile to a record $325.2 billion and sold a significant portion of its Apple stake. 📉 Fed Expected to Cut Interest Rates The Federal Reserve is expected to cut interest rates by 25 basis points in its policy decision on November 7. 📊 S&P 500 Has Strong Election Year The S&P 500 experienced a record start to an election year with a 20% return through October. 💰 $2.3 Trillion Hinges on Tax Policy More than $2.3 trillion is at stake in tax policy differences depending on the control of Congress. 🔧 Boeing Machinists Vote on New Contract Boeing's striking machinists will vote on a new contract proposal amidst a seven-week labor dispute. 📈 Treasury Yield Reaches 4.36% High The 10-year Treasury yield reached 4.36%, its highest level since July. 📅 Earnings Reports from Palantir and More Earnings season continues with reports from Palantir, Super Micro Computer, and Moderna this week. 🗳️ Political Wagers Heat Up Markets Prediction markets, particularly Kalshi and Polymarket, are gaining traction with significant political wagers, showing split support between Harris and Trump. 📉 US Jobs Growth Hits Record Low US financial indexes recovered with a 6% Amazon surge, while job growth slumped to a 12K increase, the smallest since 2020. 🔗 Reddit Rises as Media Power Player Reddit continues its gradual rise as a mainstream media platform, achieving expanded engagement and recognition after two decades. 📈 Amazon, Meta See Ad Sales Boost Amazon and Meta saw substantial ad sales growth in Q3, heavily influenced by election advertising, yet Meta avoided election topics in calls. 🏠 Airbnb Prepares for Q3 Earnings Report Airbnb prepares to report Q3 earnings following a notable dip in profit amid declining yet steady booking rates during travel slowdown. 🚀 Nvidia Seeks Dow Jones Replacement Nvidia aims to replace Intel on the Dow Jones index as its market cap soared to $3.3 trillion, showcasing rapid stock growth.
Upgrade your mornings now