Plus: Trump picked hedge fund manager Scott Bessent to run the Treasury, and TikTok CEO is reportedly seeking Elon Musk's advice on Trump’s second term.
The results of the US elections are quickly being absorbed by financial markets, propelling US equity indices to new highs.
Plus: the DOJ wants Google to divest Chrome, Trump Media exploring a crypto payment service, and Ken Griffin on tariffs.
Plus: Bill Hwang got 18 years in prison, Adani charged in $250M bribe, Elon unveiled his DOGE vision, Target missed bigtime and FTX CTO dodged jail time.
This week we're breaking down investing in Bitcoin or Gold - which is the better hedge against inflation, and which belongs in your portfolio.
Plus: Nvidia reports earnings today, Apollo CEO is the favorite to be the next Treasury secretary, and Delta will serve Shake Shack on flights with a catch.
Plus: Trump is buying a crypto exchange, Spirit Airlines filed for bankruptcy, and HSBC managers are now required to reinterview for their positions.
Plus: Wall Street analysts scale back earnings forecasts as some investors bet on a market melt-up, Powell in no hurry to cut rates, Palantir will join Nasdaq, McDonalds E. coli damage control.
Wellington Management focuses on the indicators of whether the market may come to an end or keep running.
Plus, OpenAI is dropping an agent tool. Burberry CEO unveiled a revival plan. RFK Jr. is the new health secretary, which sent vaccine stocks tumbling, and are standing desks bad for you?
Plus Spirit Airlines going bankrupt, private equity, annual inflation rate met expectations in October, FBI raids home of Polymarket CEO, GrubHub sells to delivery startup for $650 million. You need to make $108,000 to afford a home in America.
Citi’s CEO says it's “game on” for M&A in the U.S. post-election, Blackstone’s CEO is cashing in on his Trump wager, hedge funds that shorted Tesla have lost $5 billion. And will Bitcoin hit $100k by year-end?
