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Yesterday β€” 5 November 2024Bloomberg Markets

China’s New Stock Accounts Hit Nine-Year High as Market Booms

5 November 2024 at 20:08
Chinese investors opened new stock trading accounts at the fastest pace in nine years as equities surged following a stimulus boost from Beijing.

Bond Market Is Trying to Take Risk Off Table: Misra

5 November 2024 at 19:51
Priya Misra, JPMorgan Core Plus Bond ETF portfolio manager, says the bond market is trying to take some risk off the table. (Source: Bloomberg)

Latino Vote Is Critical for Harris, Kumar Says

5 November 2024 at 19:16
Maria Teresa Kumar, Voto Latino President, says the US needs a clear Latin American policy. She also says the Latino vote is critical for Kamala Harris. Kumar speaks on "Balance of Power." (Source: Bloomberg)

Hit Netflix Show Judge Is Among World’s Richest Chefs After Restaurant’s TradingΒ Debut

5 November 2024 at 19:05
A South Korean celebrity has joined the ranks of the world’s richest chefs after his restaurant franchise surged 36% on its trading debut on Wednesday, valuing his stake in the company at about $295 million.

Paik Jong-won, center, during the company’s listing ceremony on Nov. 6.

Tech Pushes Stocks Higher on Election Day | Bloomberg: The Close 11/05/2024

5 November 2024 at 18:37
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Romaine Bostick, Bloomberg News, David Bianco, DWS Group, Woo Jin Ho, Bloomberg Intelligence, David Strauss, Barclays, James Lindsay, Council on Foreign Relations, Kimberly Forrest, Bokeh Capital Partners, Jocelyn Benson, Michigan Secretary Of State, Frank Luntz, Pollster, Craig Buchholz, Burson, David Gura, Bloomberg News, Marc Morial, National Urban League, Steven McAlpine, Intrvl CEO. (Source: Bloomberg)

Bitcoin Adds to Biggest Gain in a Week as Traders Watch Election

5 November 2024 at 18:31
Bitcoin added to its biggest gain in a week as traders around the world watched results trickle in from a US presidential election that pits digital-asset supporter Donald Trump against Kamala Harris, who served as vice president during a government crackdown on the industry.

Oil Holds Gains as Traders Gird for US Vote, Hurricane Rafael

5 November 2024 at 18:25
Oil was steady after a five-day run of gains as the market monitored a tight US presidential election and Hurricane Rafael menaced production in the Gulf of Mexico.

Oil storage containers in Midland, Texas, US, on Thursday, Oct. 3, 2024. Oil steadied following its biggest one-day jump in almost a year as fears that Israel may decide to strike Iranian crude facilities in retaliation for a missile barrage kept the market on edge. Photographer: Anthony Prieto/Bloomberg

Gold Steady as Early US Election Results Start to Trickle In

5 November 2024 at 18:14
Gold was steady as investors monitored a tight US election that could prove massively consequential for financial markets.

Mexico’s Top Court Dismisses Bid to Limit Judicial Overhaul

5 November 2024 at 18:09
Mexico’s Supreme Court dismissed a ruling intended to limit the scope of a judicial overhaul passed by Congress, easing concerns of a standoff with President Claudia Sheinbaum that risked setting off a constitutional crisis.

The Supreme Court of Justice in Mexico City.

Stocks, Dollar and Yields Rise on Election Night: Markets Wrap

5 November 2024 at 18:05
Stocks extended gains, Treasury yields jumped while the dollar climbed against the Mexican peso and the Japanese yen as early returns bolstered trades that have for months risen with Donald Trump’s election prospects.

Breaking Down the Election with Frank Luntz

5 November 2024 at 17:41
Frank Luntz, Communications Analyst and Pollster speaks with Scarlet Fu and Katie Greifeld about americans heading to the polls on this election day. (Source: Bloomberg)

Trump Media Posts Lackluster Quarterly Sales as Losses Pile Up

5 November 2024 at 17:38
Donald Trump’s media company continued to lose money in the third quarter as revenue trickled in during the months ahead of Tuesday’s election.

The Truth Social app on a smartphone arranged in New York, US, on Friday, March 22, 2024. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the Trump's media business in a Friday vote. That means Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will soon begin trading on the Nasdaq stock market, reported the AP.

Yen Weakens, Japanese Stocks Gain as Key Polls Close in US

The yen weakened while Japanese stocks posted gains of more than 1% as traders awaited the results of the US presidential election between Kamala Harris and Donald Trump.

An electronic stock board displays the Nikkei 225 Stock Average inside the Kabuto One building in Tokyo, Japan, on Monday, Oct. 28, 2024. The weaker yen, which benefits the nation’s export-oriented economy, helped push the Topix index up by as much as 1.6%. Photographer: Kiyoshi Ota/Bloomberg

Balance of Power Special 11/05/24

5 November 2024 at 17:05
"Balance of Power" focuses on the intersection of politics and global business. On the show today, we have Senator Richard "Dick" Durbin (D-Illinois) on reproductive rights impact on voting and how Democrats look to keep the Senate, as well as James "French" Hill (R-Arkansas) talking about how the GOP looks to keep the House. Martin Luther King III and Mrs. Arndrea Waters King speak on voting rights, how discussions of Harris' race and ethnicity have impacted this election, and the Black vote. Michael Whatley, Chairman of the Republican National Committee on what states the RNC is watching tonight and Rep. Nicole Malliotakis (R-New York) discusses New York Swing Districts, and Rep. Suzan DelBene (D-Washington), Chair of the Democratic Congressional Campaign Committee, talking about how Americans want different governance in the House. (Source: Bloomberg)

Traders Load Up on Last-Minute Rate Bets on Treasury Rally

5 November 2024 at 16:58
Bond investors are piling into trades that would profit from a rally in Treasuries, pricing in a scenario viewed as more likely under a US presidential victory by Kamala Harris while paring back bets seen as favoring a win by Donald Trump.

Super Micro Gives Tepid Sales Forecast, No Filing Schedule

5 November 2024 at 16:35
Super Micro Computer Inc. gave a sales forecast that fell short of analysts’ estimates while saying it couldn’t predict when it would file official financial statements for its previous fiscal year. The shares dropped about 14% in extended trading.

The Super Micro Computer Inc. headquarters in San Jose, California, U.S., on Tuesday, Jan. 5, 2021. China's exploitation of products made by Supermicro, as the U.S. company is known, has been under federal scrutiny for much of the past decade, according to 14 former law enforcement and intelligence officials familiar with the matter.

Banks Tout All-Night Credit Trades as Election Results Come In

Banks are gearing up for late-night US credit trades as results trickle in from presidential and legislative elections that could impact company profits.

Voters mark their ballots at a polling location for the 2024 Presidential election in New York, US, on Tuesday, Nov. 5, 2024. The 2024 presidential campaign was marked by two assassination attempts, a candidate switch, divisive rhetoric and warnings about the fate of democracy.

Stocks Rallied on Election Day | Closing Bell

5 November 2024 at 16:33
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Katie Greifeld, Scarlet Fu, Carol Massar and Tim Stenovec. (Source: Bloomberg)

Activist Investor TOMS Builds Stake in WillScot, Pushes for Review

TOMS Capital Investment Management has built a stake in WillScot Holdings Corp., a provider of modular buildings and storage, people with knowledge of the matter said.

Contractors hold tag lines as a Nemo Building Systems modular housing unit is swung into place during installation at the University of Berkeley in Berkley, California, U.S., on Wednesday, Feb. 10, 2016. U.S. total construction spending rose 10.5% in 2015, the most since 2005, according to the Census Bureau.

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