Election betting site Polymarket gives Trump good odds. But it could also have a major fraud problem
More than a billion dollars have been bet on the presidential election on the Polymarket website. But new research says the site is being flooded with what’s known as ‘wash trading’, and that’s making the platform more popular than it is.
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The Dow Jones falls 250 points and the Nasdaq falls 420 points as Microsoft and Meta lead a sell-off in tech stocks
The Dow Jones Industrial Average fell more than 250 points by mid-morning Thursday, alongside sharp declines in the Nasdaq and S&P 500, following earnings reports from Microsoft (MSFT) and Meta (META), as both tech giants grapple with challenges in meeting the rising demand for AI. Meta shares fell about 3% in Thursday trading, while Microsoft shares fell more than 5%.
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What will happen to Bitcoin if Donald Trump or Kamala Harris win the election? Here’s what you need to know
Bitcoin is holding steady at $73,000, poised for a potential new all-time high just a week before the US election – an event that many traders expect will boost market optimism regardless of the outcome.
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Nvidia and other AI stocks are being dragged along by Microsoft and Meta
Despite posting robust quarterly profits, shares of Microsoft (MSFT) and Meta (META) fell on Thursday, as both tech giants signaled substantial future AI spending needs and slower growth prospects. The companies that have emerged as leaders in the AI sector saw their shares fall despite heavy investments in generative AI that had previously fueled investor optimism.
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Trump Media Stocks and Bitcoin Point to Donald Trump’s Election Victory, Strategist Says
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Eric Beiley, executive director of The Beiley Group at Steward Partners, spoke with Quartz for the latest episode of our “Smart Investing” video series. – Andy Mills Read more
Elon Musk says Trump’s economic plans will cause “temporary hardship” and undermine the stock market
Elon Musk is currently the richest person on earth. That’s probably one reason why he’s okay with former President Donald Trump’s economic plans causing, in his words, “temporary hardship” as he strives for a healthier economy years down the road.
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AI darling Super Micro Computer could be booted from Nasdaq if shares fall another 15%
Shares of Super Micro Computer (SMCI) fell another 15% on Thursday, trading at $28 per share, following the resignation of accountant Ernst & Young. Although the server company joined the S&P 500 in March 2024, this year has not been smooth and it now faces a possible delisting from the Nasdaq. After receiving a non-compliance letter in September, Super Micro has until November 16 to submit a plan to Nasdaq to regain compliance, otherwise the company could face the second time in five years listing may be deleted.
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Super Micro Computer shares plummet by 30% after accountant Ernst & Young resigns
Super Micro Computer (SMCI) shares fell 32% in Wednesday morning trading after the server company announced that its accountant, Ernst & Young, had resigned. The departure follows months of disagreement over governance practices and the independence of Super Micro Computer’s board.
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The rise of Bitcoin predicts an election victory for Donald Trump, says the strategist
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Eric Beiley, executive director of The Beiley Group at Steward Partners, provides an overview of upcoming Mag 7 earnings and the election
Robinhood just got into the election betting game
You can now trade a Kamala Harris or Donald Trump contract on the Robinhood (HOOD) trading platform. With just a week to go until the election, the program, which launched on Monday, allows users to bet on which candidate they think will win, adding a new way to participate in political life through the platform process.
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