The Daily Business and Finance Show – Sunday, 12 May 2024
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Today’s headlines:
• Bitcoin stands to gain from U.S. fiscal dominance, Trump victory: StanChart (https://seekingalpha.com/news/4103869-bitcoin-stands-to-gain-from-us-fiscal-dominance-trump-victory-stanchart)
• Trump asks oil industry for $1B, pledging to scrap Biden energy policies (https://seekingalpha.com/news/4104896-trump-asks-oil-industry-for-1b-pledging-to-scrap-biden-energy-policies)
• Three big things in auto: China may win on EVs, ICE suppliers are undervalued and AI is in the mix (https://seekingalpha.com/news/4104839-three-big-things-in-auto-china-may-win-on-evs-ice-suppliers-are-undervalued-and-ai-is-in-the-mix)
• Elon Musk says Starlink is under pressure from solar storm (https://seekingalpha.com/news/4104910-elon-musks-starlink-flags-issues-solar-storm)
• Cannabis rescheduling unlikely to happen by end of year — Seeking Alpha survey (https://seekingalpha.com/news/4104890-cannabis-rescheduling-unlikely-happen-end-year-seeking-alpha-survey)
• Chinese equities bear sentiment is still a contrarian play with opportunities – BTIG (https://seekingalpha.com/news/4102559-chinese-equities-bear-sentiment-is-still-a-contrarian-play-with-opportunities-btig)
• Bankruptcy filings at highest in a year as interest rates bite: S&P Global (https://seekingalpha.com/news/4104727-bankruptcy-filings-at-highest-in-a-year-with-as-high-interest-rates-bite-sp-global)
• Real estate stocks continue to outperform broader markets with increased chances of rate cut (https://seekingalpha.com/news/4104905-real-estate-stocks-continue-to-outperform-broader-markets-with-increased-chances-of-rate-cut)
• JPMorgan hires $28B Merrill private wealth team (https://seekingalpha.com/news/4104907-jpmorgan-hires-28b-merrill-private-wealth-team)
Explanations from OpenAI ChatGPT API with proprietary prompts.
This podcast provides information only and should not be construed as financial or business advice.
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