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Trump Media Stock, Prediction Markets Move On Eve Of Election Day
Shares Of Trump Media & Technol...
Investopedia
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Shares of Trump Media & Technology Group (DJT) moved between losses and gains early Monday, extending a volatile stretch of trading for the company that has become a measure of investors’ moods ahead of Election Day.
The company, parent of Truth Social and majority owned by former President Donald Trump, is far from the only vehicle for election betting. Some investors have turned to prediction markets, while others have looked to crypto markets. Trump Media has lately been a high-profile example of the action ahead of tomorrow, though.
Trading on little in the way of company news, the stock last week both rose 40% above the previous week’s close and fell more than 20% below it. Trading in the shares was hit with halts several times along the way, and the company’s multibillion-dollar market cap vacillated.
The stock was up slightly at around $30.60 in recent trading, after losing as much as 5% and rising as much as 6% Monday morning.
Recent polling seen by some analysts as beneficial to Trump’s principal opponent, Vice President Kamala Harris, may have shifted some traders’ bets—a dynamic also seen on prediction markets that, while generally indicating a belief in a Trump victory, have also moved somewhat toward Harris in recent days.
Bitcoin (BTC), which has outperformed the S&P 500 in recent months, has lately pulled back from recent highs; investors generally see Trump as more crypto-friendly, though his Harris has also signaled support for the industry.
Bitcoin was trading around $68,500 recently, about $5,000 below its highs from last week.
Some single stocks have also become particularly linked with the outcome of the election. Tesla (TSLA) CEO Elon Musk is an outspoken Trump supporter, and Wedbush analyst Dan Ives, who has an “outperform” rating on the EV maker’s shares, suggested a range of election scenarios that could affect the stock. These include the possibility of a trade war with China that could weigh on Tesla sales in that market but also a more welcoming environment for the company’s autonomy initiatives, Ives said in a note Sunday.
If, instead of or in addition to, wagering on election outcomes, you’re interested in the policies that the election might produce, here are Investopedia’s roundups of the economic policies espoused by Trump and Harris.
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Life Coach Shola has shared a reminder to Nigerians following a report about ‘workout videos’ involving Equatorial Guinea’s financial crime chief and over 300 women
He said, this businessman in Equatorial Guinea who was involved in a scandal involving over 400 s£xyapes lacks self control by the way. How are you sleeping with your brother’s wife, your uncle’s pregnant wife, and you’re even filming it? You even got two kids with your brother’s wife. You caused your own family to undergo paternity fra¥d?
The Equatorial Guinea s£xyape scandal should be a reminder for you that women don’t really have a problem with having a thing with married men, it’s only online they forbid it, and yeah married men also get more babes than most of you single men. It is what it is. Women like what other women have. So, a married man is only just beginning to bag chics because he’d attract more women compared to when he was single. Especially if he got married to a high value woman. Other women won’t let him rest.
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Nvidia Overtakes Apple As World's Most Valuable Company
Nvidia (NVDA) Shares Rose Monday, P...
Investopedia
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Nvidia (NVDA) shares rose Monday, propelling the AI chip leader into the top spot on the list of the world’s most valuable companies.
Shares climbed 1.6% Monday morning, giving Nvidia a market capitalization of about $3.37 trillion, slightly more than the previous leader Apple’s (AAPL) $3.36 trillion. Apple shares were down slightly Monday after slumping last week amid a tech sell-off and disappointing quarterly profits.
Nvidia and Apple, along with software and cloud computing giant Microsoft (MSFT), have been vying for the title of the world’s most valuable company since the summer.
Nvidia was named a component of the Dow Jones Industrial Average (DJIA) on Friday. Nvidia is replacing beleaguered rival chipmaker Intel (INTC). The move will take effect before the market opens on Nov. 8, according to S&P Dow Jones Indices, which manages the index. (Paint company Sherwin-Williams (SHW) was also tapped to join the blue-chip index, taking the spot of chemical giant Dow (DOW).)
Nvidia was about a third of the size of Apple and Microsoft at the beginning of the year, when its market cap stood at $1.2 trillion. Since then, robust demand for AI has fueled the stock’s meteoric rise. Tech giants like Microsoft, Amazon (AMZN), Google parent Alphabet (GOOG, GOOGL), and Meta (META) have committed to spending hundreds of billions of dollars this year and next on infrastructure, with much of that spending going toward the Nvidia semiconductors and servers required to train and run AI models.
The stock hit a road bump in mid-July, when a litany of factors from recession fears to rotation out of mega caps into small-cap stocks, and concerns about unsustainable AI spending sank tech stocks from their all-time highs. Nvidia shares shed a quarter of their value between mid-July and mid-August, but rebounding optimism about artificial intelligence and the resilience of the U.S. economy has revived the stock’s historic bull run.
: This article has been updated since it was first published to add context and reflect current share-price movement.
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Instablog9ja
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Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested a former Governor of Delta State, Ifeanyi Okowa, for alleged diversion of N1.3 trillion 13% derivation fund from the federation account between 2015 and 2023.
An EFCC source confirmed the former governor’s arrest to Channels Television on Monday. Okowa was arrested on Monday, November 4, 2024, in Port Harcourt, Rivers State, when he reported at the Port Harcourt Directorate of the EFCC on the invitation of investigators handling his matter.
The former governor was alleged to have failed to render accounts of the funds as well as another N40 billion he allegedly claimed he used to acquire shares in UTM Floating Liquefied Natural Gas. Specifically, Okowa allegedly bought shares worth N40 billion in one of the major banks in the country representing 8% equity to float the offshore LNG. The funds were alleged to be used for other purposes.
Investigators are also investigating the diversion of funds by the former governor to acquire estates in Abuja and Asaba in Delta state. He is being held at the EFCC holding facility in Port Harcourt. Okowa was the running mate to Atiku Abubakar, the presidential candidate of the Peoples Democratic Party (PDP) in the 2023 election.
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Shares of Constellation Energy (CEG) tumbled Monday morning despite an earnings beat as a recent regulatory decision dragged nuclear energy stocks.
Constellation posted $6.55 billion in revenue for the third quarter, up about 7% year-over-year and about $1 billion above what analysts had expected, according to estimates compiled by Visible Alpha. Profits also rose from the same time last year, nearly doubling analyst estimates at $1.2 billion.
The company also lifted the bottom end of its projected range for full-year adjusted earnings per share (EPS), expecting the metric between $8.00 and $8.40, up from $7.60 to $8.40 previously.
However, Constellation shares were down about 8% Monday morning despite its earnings beat as a Friday decision from the Federal Energy Regulatory Commission raised concerns about the nuclear energy industry. The agency ruled against a partnership between Amazon (AMZN) and Talen Energy (TLN) that would see an Amazon data center receive additional power from a nearby Talen nuclear facility, according to
The panel's members, reported, said the agreement could limit power and raise prices to residents in the surrounding area. Talen, Constellation, and other nuclear stocks fell Monday as markets grappled with whether nuclear partnerships with Big Tech companies can survive similar challenges.
Constellation announced a deal with Microsoft (MSFT) last month to restart one unit of the Three Mile Island nuclear power plant in Pennsylvania to provide power for Microsoft's data centers and artificial intelligence (AI) efforts.
Constellation and Talen shares were each down as markets opened, but have both still doubled in value since the start of 2024.
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Instablog9ja
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The Sultan of Sokoto, Sa’ad Mohammad Abubakar II, has called on Nigerians to stop castigating their leaders, urging them to allow God to deal with them as He wishes. He emphasized that nothing—good or bad—lasts forever and encouraged Nigerians to continue praying for both their leaders and the nation. The Sultan reminded leaders that on the Day of Resurrection, the Almighty would hold them accountable for their stewardship, with no one there to defend them in the presence of their Creator.
Furthermore, he cautioned religious leaders against misleading their followers for personal gain, explaining that 90 percent of people who listen to religious leaders in mosques and churches believe in them because they view them as saviors. He stated that only God can save any human being.
The Sultan made these remarks during the Regional Conference on Climate Change-Induced Conflicts in Northern Nigeria, hosted by the Kaduna State Bureau of Interfaith in collaboration with International Alert, on Monday.
“Do your best in worshiping Allah (God) and leave the rest to Him, not to anybody. Don’t follow those who will lead you astray. So many things have been happening in this country, and we believe we must return to Allah. Intensify prayers for our country in all mosques. I won’t mention churches because the CAN President is here, and I believe he will say the same thing.”
“A lot of people say we have never had it so bad, but no matter how difficult it is, ease will come. We believe nothing lasts forever. Nothing bad and nothing good lasts forever. Let us intensify prayers in our congregations and encourage our followers to pray for our leaders. We will not castigate them; we will allow Almighty Allah to deal with them as He wishes and He will.
Like one of the speakers said, Allah will ask all of us what we did with the leadership He gave us on earth. On that day, you will be on your own; nobody will be there for you. No deputy governor will be there for the governor, no special adviser or SSG will be there. You are on your own, as I always say. All of us will be on our own.
Let us fear Allah in whatever we do and pray for our country. We are blessed; go around to other countries and see. We have challenges, yes, but nothing lasts forever. With hard work and commitment, we can become a better country.
The North faces many problems and challenges-not only a lack of knowledge about climate change but also poverty, insecurity in the north known for progress and peace in the past. Our coming together is a unifying occasion for us as one family in the North. There are many misunderstandings and misrepresentations by those trying to divide us. They know that the strength of the North is something to reckon with, not only in Nigeria but worldwide. If we are united, we can face any challenge. If we are united, we will definitely create a better and more prosperous community.
That’s why so many negative comments are made about certain issues that we know are not true but to divide us,” he said.
