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(Photo by Mario Tama/Getty Images)A survey of 119 investors found that 53% think former president Donald Trump will defeat Kamala Harris.Investors believe fossil fuel and industrial companies should do well under Trump, the survey said.Stanley Druckenmiller said in mid-October that markets are “very convinced” of a Republican victory.Many of the bigwigs of finance have picked their sides, but Wall Street seems to believe one candidate has the upper hand in this year’s presidential election.Betting markets have leaned toward former President Donald Trump, and the financial markets have already priced in a Trump win, according to billionaire investor Stan Druckenmiller. A…
Carl Godfrey for BILast Christmas, my partner’s parents made an extremely generous offer: We’d been sleeping on a luxuriously cooling, king-size Zinus mattress whenever we visited, and they asked whether we wanted one of our own. The only thing we needed to do was pick a bed frame. Easy, right?Our first thought was to head to Ikea and purchase our current bed frame in a bigger size, but it was out of stock, so we turned to the internet. Searching “wooden bedframe” on the furniture e-commerce store Wayfair, whose tagline is “every style, every home,” yielded over 13,000 results. Amazon…
PowerSchool manages data for 60 million students and their educators.File/ReutersPowerSchool sells student data without parents’ informed consent, a federal lawsuit alleges.The edtech giant calls the lawsuit’s allegations “unfounded and inaccurate.”Oral arguments on PowerSchool’s motion to dismiss the suit are set for Thursday in San Francisco.It’s been 10 years since Emily Cherkin helped her son log onto a school computer on his first day of Kindergarten.”He can’t even write his name. Why am I teaching a five-year-old control-alt-delete?” she remembers asking herself.Cherkin, a Seattle mother of two, former teacher, and author of the new parenting guide “The Screentime Solution,” is now…
Meta CEO Mark Zuckerberg says Threads now has 275 million users — close to Twitter’s reported peak in 2019.Chris Unger/Getty ImagesMeta’s Threads is no Twitter.It also looks like it’s on pace to eclipse the old Twitter’s user base.That’s hard to understand. Threads doesn’t seem nearly as lively as the old Twitter. What gives?Threads, the Meta-owned service that isn’t supposed to be a Twitter replacement but is also very much supposed to be a Twitter replacement, has 275 million monthly users, says Meta boss Mark Zuckerberg.Is that a lot?Well, that depends on how you look at it. Meta, for instance, says…
Getty Images; Jenny Chang-Rodriguez/BIThe final polls of the 2024 presidential election season are out.They show that neither Harris nor Trump have broken out in the swing states.The candidates also remain virtually tied nationally.This year’s electoral map has long been set.Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin will likely determine whether Vice President Kamala Harris or former President Donald Trump wins. The poll numbers in these seven states have been close for months. And that hasn’t changed with 24 hours to go.The final set of New York Times/Siena College surveys of each state showed Harris narrowly leading among likely…
Getty Images; Jenny Chang-Rodriguez/BIThe Federal Reserve is expected to cut interest rates by 25 basis points on Thursday.It follows a 50-basis-point rate cut in September — the first cut in four years.The Fed forecasts another quarter-point rate cut in December, but it depends on upcoming data.The election isn’t the only important event facing Americans this week.On Thursday, the Federal Open Market Committee will announce its next decision on interest rates, and it’s likely to be another cut. CME FedWatch, which forecasts interest rate changes based on market predictions, estimated an all-but-certain 25 basis point cut as of Friday afternoon.The Fed…
Getty Images; Jenny Chang-Rodriguez/BIFor many Americans, the most important focus heading into a presidential election is how the winner will impact their wallet. Whatever your financial priorities, Business Insider has you covered with a five-part series on the impacts a Trump or a Harris presidency could have on US consumers.You can go deep on how the race for the White House could impact everything from childcare costs to housing to your grocery bill. Just follow the links below, or keep scrolling for a speed-read. Explore BI’s election series:• How a Trump or Harris presidency could impact your investments• What’s expected…
PATRICK T. FALLON / AFP via Getty ImagesKey TakeawaysPalantir Technologies will report third-quarter earnings after the closing bell Monday, with analysts more bearish than bullish on whether the company’s stock can sustain its recent momentum.Of the 12 analysts covering Palantir tracked by Visible Alpha, only two expect the company’s stock has further to rise.Palantir shares have more than doubled in value so far this year, as demand for its Artificial Intelligence Platform surged.Palantir Technologies (PLTR) will report third-quarter earnings after the market closes on Monday, with analysts more bearish than bullish on whether the analytics software provider’s stock can sustain…
Quincy Jones, a music mogul whose career in the industry spanned over seven decades, died Sunday night at 91 years old, his publicist Arnold Robinson confirmed to Fox News Digital.Jones was surrounded by his children, siblings and close family at his home in Bel Air, California. No further details about his death will be released at this moment, as the family requests privacy “in this time of great mourning,” Robinson said.The following statement was provided from the Jones family:”Tonight, with full but broken hearts, we must share the news of our father and brother Quincy Jones’ passing. And although this…
Markets are cautiously awaiting results from the US presidential election.Chris duMond; Chip Somodevilla/Getty Images; Alyssa Powell/BIMarkets are bracing for the US presidential election amid a tight race between Vice President Harris and former President Donald Trump.The US dollar is in firm focus as traders tread cautiously ahead of the polls.The Fed’s FOMC meeting and a potential fresh round of stimulus from China could also influence markets this week.Markets are holding their breath at the start of a big week.The US presidential election on Tuesday is the biggest event this week, and traders are firmly focused on a jittery dollar on…