BREAKING Donald Trump wins the 2024 presidential election ASX - Delayed Quote ? AUD Altech Batteries Limited (ATC.AX) Follow Compare 0.0550 -0.0010 (-1.79%) At close: 4:10 PM GMT+11 Related News The one word that's popping up everywhere this earnings season: Morning Brief The S&P 500's earnings season is 80% done and the word "bottom" keeps popping up. It could mean a two-year tough stretch for manufacturing may be over soon. Yahoo Finance ? 15 minutes ago NVDA ^GSPC ^DJI Election 2024: Why crypto policy should be next president's focus The presidential election results could significantly impact various market sectors, with cryptocurrency emerging as a key focus area. "Trump has always been a little more friendly to the crypto environment, but even Harris had a kind of 'reset' where she kind of sat back down with the crypto community after seeing how influential these dollars were," IDX Advisors chief investment officer Ben McMillan told Yahoo Finance Anchor Josh Lipton. McMillan emphasizes that comprehensive crypto regulation should be a top priority for the next administration, noting that the current regulatory framework has been "haphazard" over the years. "With where we are as a country and our growth cycle, we can't be picking and choosing our spots for innovation, and crypto is a huge source of innovation," he states. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Angel Smith Yahoo Finance Video ? 11 hours ago ETH-USD SOL-USD BTC-USD Will Elon Musk's 'big bet' on Trump pay off for him and Tesla? Billionaire Tesla (TSLA) CEO Elon Musk has been vocal in his support for former President Donald Trump's election campaign. Intelligent Alpha CEO and founder and Deepwater Asset Management managing partner Doug Clinton sits down with Josh Lipton on Market Domination Overtime to discuss what the election outcome means for Musk and how his political involvement affects investors. "It will be a very interesting night for Elon Musk," Clinton says, adding, "He's obviously made a really big bet on the election going one direction. And I think if it goes against him if Kamala Harris is elected president, I think it probably is a negative for him." He notes that Tesla could stand to benefit from a Harris presidency, given she could provide further tax incentives for electric vehicles as part of a green energy push. Clinton says that Musk will likely "find some way to try to mend fences and say, 'Look, obviously, it didn't go the way that we were campaigning, but we have this agenda that actually does very much align with some of the principles of the Democratic Party.' I mean, Elon probably has done more for bringing sustainable energy into the markets, kind of into the mass markets, really in the US and globally than maybe anybody else in the world." As an investor in Musk's companies, Clinton says, "We try to separate [Musk's companies from his politics]. At Deepwater, we are investors in xAI, and we're big believers that there's basically four companies on Earth that have a chance to build the foundation models that power sort of everything. It's Meta (META) with Llama, it's Google (GOOG, GOOGL) [with] Gemini, OpenAI with GPT, and then xAI with Grok. So that investment is really built, I think, more on just what can they do from a technical perspective." To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Naomi Buchanan Yahoo Finance Video ? 12 hours ago TSLA Super Micro stock slides over 10% on weaker-than-expected outlook, uncertainty over annual filing Super Micro stock slid 10% as the company's latest outlook fell short of Wall Street's expectations. The company also said it couldn't predict a timeline for filing its 10-K. Yahoo Finance ? 13 hours ago SMCI Amazon begins delivering select products via drone in Phoenix A few months after ending its drone-based delivery program, Prime Air, in California, Amazon says that it's begun making deliveries to select customers via drone in Phoenix, Arizona. Starting today, Amazon customers in the West Valley Phoenix Metro Area have access to a drone-deliverable selection from Amazon's catalog, including household, beauty, office, health, and tech supplies. Products must weigh five pounds or less to be eligible; Amazon says about 50,000 are available at launch. Customer TechCrunch ? 17 hours ago AMZN Super Micro Computer reports earnings: What you need to know Super Micro Computer (SMCI) is set to report quarterly earnings on Tuesday after the bell. It will be the company's first report since its accounting firm, Ernst & Young, resigned as its auditor, sending the stock tumbling. Catalysts Hosts Seana Smith and Madison Mills break down what investors need to know. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan Yahoo Finance Video ? 18 hours ago SMCI Election trades, Boeing strike ends, Palantir: 3 Things Stock futures (ES=F, NQ=F, YM=F) tip above their flatlines Tuesday morning as US voters take part in the 2024 presidential election and head to the polls today. Wall Street is paying attention to key assets, including gold (GC=F), bitcoin (BTC-USD), and 10-year Treasury yields (^TNX). Boeing (BA) workers have voted in approval of the latest contract proposal put forth by the aircraft manufacturer, ending the International Association of Machinists and Aerospace Workers (IAM) union's nearly two-month long strike. Palantir (PLTR) shares pop on the software company's third quarter earnings beat, demand for AI software sending the stock nearly 17% higher in pre-market trading. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 20 hours ago BA BAAPV PLTR Why Tesla, Musk are winners if Trump wins: Strategist On the eve of the election, Yahoo Finance Executive Editor Brian Sozzi spoke with Larry McDonald, founder of The Bear Traps Report and author of "How to Listen When Markets Speak," about Tesla's (TSLA) performance if Trump wins the presidency. McDonald explained that "if Trump wins, Musk is gonna have a very heavy hand in influencing—and basically negotiating— and try to put forth his agenda for the green agenda for Tesla." However, McDonald did warn that Trump trades "have a huge downside if Kamala wins." If that is the case, McDonald is looking at cannabis, solar, and healthcare as key Harris trades. For full episodes of Opening Bid, watch on our website or listen on your favorite podcast platform. Yahoo Finance Video ? 22 hours ago TSLA US Supreme Court to hear Facebook bid to escape securities fraud suit The U.S. Supreme Court is set on Wednesday to consider a bid by Meta's Facebook to scuttle a federal securities fraud lawsuit brought by shareholders who accused the social media platform of misleading them about the misuse of its user data. The justices will hear arguments in Facebook's appeal of a lower court's decision allowing the 2018 class action led by Amalgamated Bank to proceed. It is one of two cases coming before them this month - the other one involving artificial intelligence chipmaker Nvidia - that could lead to rulings making it harder for private litigants to hold companies to account for alleged securities fraud. Reuters ? 12 minutes ago META 1 Top Cryptocurrency to Buy Before It Soars 18,600%, According to Billionaire Michael Saylor of MicroStrategy There's still immense potential for the original crypto, but how much? Motley Fool ? 15 minutes ago MSTR Crypto’s Millions Yield Win as Moreno Takes Ohio Senate Race (Bloomberg) -- Republican Bernie Moreno unseated the incumbent Democrat in Ohio’s senate race, a major win for crypto companies that had funneled millions of dollars into his campaign.Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowIstanbul Tries Free Public Transit to Help Job SeekersMoreno, a car dealer and blockchain entrepreneur, defeated Sherrod Brown late on Tuesday, putting the GOP on track Bloomberg ? 20 minutes ago COIN Dollar Hits One-Year High as Trump Clinches Election Victory (Bloomberg) -- The dollar rose to the strongest level in a year as Donald Trump won the race for the US presidency, triggering a sharp rise in Treasury yields on speculation his policies would keep US interest rates elevated.Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowIstanbul Tries Free Public Transit to Help Job SeekersThe greenback surged against all of its major counterparts as the rise in Bloomberg ? 21 minutes ago JPM DB Stocks to Watch Wednesday: DJT, Tesla, JPMorgan, Coinbase ↗? Trump Media & Technology (DJT): Shares of Donald Trump's social-media company rocketed in premarket trading, as the Republican candidate wins a second term as president. ↗? Tesla (TSLA): Shares of Elon Musk's electric-vehicle company rose 13% before the bell. The Wall Street Journal ? 34 minutes ago BTC-USD Bitcoin Hits Record High; Trump Scores Election Win Bitcoin hit a new record high overnight as Republican Donald Trump neared victory in the presidential election. Bitcoin's previous all-time high was $73,798, which it reached this March. Trump has embraced crypto as part of his agenda and promised to make the U.S. the “crypto capital of the planet." The Wall Street Journal ? 34 minutes ago BTC-USD Tech Stocks Gain But Apple and Meta Lag Behind Amid Election results The market looks to be broadly positive about the prospects for technology stocks during a second term as president for Donald Trump but the prospect of tariffs appeared to be weighing on Apple, while Meta Platforms was suffering. The largest tech companies were largely participating in the rally caused by Trump’s likely victory. Microsoft and Amazon.com were also rising. Barrons.com ? 36 minutes ago META AAPL GOOG Tesla Soars as Musk’s Bet on Trump Is Seen Reaping Rewards (Bloomberg) -- Tesla Inc. shares climbed as much as 15% in early US trading as investors wager the carmaker run by Elon Musk will be a major beneficiary of Donald Trump’s return to the White House.Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowIstanbul Tries Free Public Transit to Help Job SeekersThe Tesla chief executive officer was arguably the most prominent supporter of Republicans this electi Bloomberg ? 36 minutes ago TSLA Novo Nordisk Stock Rises After Earnings. Weight-Loss Drug Wegovy Sales Beat Estimates. Novo Nordisk posted solid quarterly earnings Wednesday, sending shares higher. The drug maker’s third-quarter sales came in slightly below expectations at 71.3 billion Danish crowns ($10.3 billion). Diluted earnings were DKK 6.12 a share, beating estimates of DKK 6 a share, according to FactSet. Barrons.com ? 37 minutes ago NVO LLY Novo Nordisk: Q3 Earnings Snapshot BAGSVAERD, Denmark (AP) — Novo Nordisk A/S (NVO) on Wednesday reported third-quarter net income of $4.02 billion. On a per-share basis, the Bagsvaerd, Denmark-based company said it had profit of 90 cents. The results fell short of Wall Street expectations. Associated Press Finance ? 43 minutes ago NVO Super Micro slumps 20% on guidance cut; says recent probe shows no fraud evidence Investing.com -- Super Micro Computer cut its guidance for the fiscal first and second quarter and the server equipment maker said an internal probe found no evidence of fraud from management or directors following concerns raised by its auditor. Investing.com ? 51 minutes ago SMCI These Stocks Are Moving the Most Today: Trump Media, Tesla, First Solar, Coinbase, Super Micro, Nvidia, Exact Sciences, and More Trump Media stock surges as Donald Trump closes in on winning the U.S. presidential election, Tesla soars, and Coinbase and other crypto-related stocks jump as Bitcoin sets a record high. Barrons.com ? 51 minutes ago SMCI NVDA TSLA Performance Overview Trailing total returns as of 11/6/2024, which may include dividends or other distributions. Benchmark is S&P/ASX 200 [XJO] Return ATC.AX S&P/ASX 200 [XJO] YTD -19.12% +8.02% 1-Year -25.68% +17.18% 3-Year -51.50% +9.96%
