In the 2024 presidential election, President-elect Donald Trump has won Arizona, reclaiming the state’s 11 electoral votes that he narrowly lost to President Joe Biden in 2020. Arizona’s political landscape has been shifting, with Democrats making gains in recent years due to factors like a growing Latino population and a revolt against Trump among some…
Hurricane Rafael, which was a Category 3 hurricane, weakened to a tropical storm and is expected to dissipate over the Gulf of Mexico soon. It caused damage in Cuba, knocking out power, causing mudslides, and forcing evacuations. The storm also affected Jamaica and the Cayman Islands earlier in the week. The National Hurricane Center in…
Bill Ackman, CEO of Pershing Square Capital Management, announced at the Delivering Alpha conference that Universal Music Group will move its primary stock exchange listing to the United States from the Netherlands due to recent antisemitic attacks in Amsterdam. Ackman, who is the largest shareholder in UMG, plans to relist his own publicly traded company…
FEMA Administrator Deanne Criswell confirmed that an employee was fired for instructing relief workers in Florida to avoid homes with pro-Trump signs. Criswell called the behavior “reprehensible” and stated it goes against FEMA’s values of helping all people regardless of political affiliation. The matter has been referred for investigation. Florida Governor Ron DeSantis criticized the…
The exchange-traded fund industry is making pair-trade strategies more accessible to everyday investors by introducing new ETFs that bundle long and short positions into one product. Tidal Financial Group’s Michael Venuto filed for eight two-stock ETFs, which are expected to launch in a few months. This streamlined approach eliminates the need for separate trades and…
President Joe Biden will be meeting with President-elect Donald Trump in the Oval Office the day after the Presidential election. This meeting is a traditional part of the peaceful transfer of power in America’s democracy, but Trump did not hold a similar meeting with Biden after the 2020 election. Trump, who defeated Vice President Kamala…
Last week, the electoral map saw significant changes that upended Washington, DC. Despite this, the economic and investment conditions appeared to favor risk markets after Donald Trump’s victory. The S & P 500 jumped 4.7% for the week, and the Federal Reserve trimmed short-term rates. However, there are nuances to consider, such as the differences…
Cynthia Erivo and Ariana Grande are starring as Elphaba and Glinda in Universal’s upcoming release of “Wicked.” The film is generating excitement with a wide range of merchandise offerings from various retail partners, including apparel, accessories, toys, and even themed cars. Fans of the Broadway show, which has a massive following, are eager to get…
People were buying fruit at an agricultural trade market in China on May 11, 2024. In October, consumer prices in China rose at the slowest rate in four months, while producer prices continued to fall. Despite this, the government approved a $1.4 trillion package to help local governments with debt. Analysts believe this may not…
Dutch Bros CEO Christine Barone discussed the company’s plans for expansion in a recent interview, mentioning that they are focusing on growing in a contiguous way across states next to each other. While they currently operate in 18 states on the West Coast and in the South, they have not yet entered the Northeast region….