⚡️Robinhood Begins Accepting Bets On US Election Predictions

Starting Monday, October 28, investors can start buying trade contracts related to voting for Kamala Harris or Donald Trump

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🔔Trump Wants To Appoint Elon Musk "Responsible For Government Efficiency"

If Musk gets this position, he could cut the US federal budget by $2 trillion. And if this happens, the event will be the most severe budget austerity since the end of World War II.

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⚡️Chinese Luxury Cars Threaten Mercedes And Porsche Sales In Europe

Mercedes-Benz Group AG and Porsche AG were once the benchmarks of automotive excellence, but falling sales and profits highlight how even the lucrative segment of the upscale auto market is being weighed down by China.

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🗓 170 companies from S&P 500 report this week (47% of market cap), including Big Tech.

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☄️The World Bank Predicts That Oil Prices Will Fall To A 5-year Low In 2025

The glut is so large that it will likely limit the price impacts of even a broader conflict in the Middle East. In 2025, oil supply is expected to exceed demand by an average of 1.2 million barrels per day.

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©The Era Of Zero Interest Rates And Zero Inflation Is Over - CEO Morgan Stanley

September Fed rate cut by 50 bp. – a turning point in the management of the US economy and the Fed's inflation forecasts.

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⚠️EU Will Continue To Impose Restrictions On Chinese Electric Cars After Negotiations Fail

The tariff rate will be 35.3% in addition to the base duty of 10%.

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💥The Price Of Gold Reached A New Record - $2800

The drivers of the rally have not changed: uncertainty around the US presidential elections and events in the Middle East

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💸TikTok Founder Is Now China's Richest Man

Zhang Yiming, co-founder of TikTok's parent company ByteDance, is worth $49.3 billion. Zhang's rise comes as ByteDance's global revenue rose 30% last year to $110 billion

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💵Reddit Becomes Profitable For The First Time In 20 years

The company earned $29.9 million in the quarter. The number of daily users grew to almost 100 million (+47% YoY)

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⚡️Bank of Japan Keeps Rates But Signals Normalization Continues

Analysts warn political uncertainty following failed elections raises risk of abrupt policy changes

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⚠️ Indian stocks have their worst month in 4 years amid strong selling by non-residents

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📈Uber's quarterly revenue increased by 20%

Total orders increased 16% YoY to $40.97 billion, but this was worse than market forecasts of $41.25 billion.

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⚡️Meta Platforms Q3 Revenue Grew To A Record $40.6 billion

Net income in the reporting period increased by 35% year-on-year to $15.69 billion. Earnings per share rose to $6.03 from $4.39, while analysts had predicted $5.22 per share.

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📈Chinese Government Notes A Sharp Recovery In The Residential Real Estate Market In Major Chinese Cities

Housing sales there increased by 14% year-on-year in October after new measures to support the Chinese economy

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🔼Intel stocks up 6% after 3Q results spark optimism about changes at the company

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🔼United Airlines and Raymond James were the S&P 500's top performers in October (UAL +41%, RJF +21.7%)

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