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Michael Bloomberg and Bill Gates have made significant donations to Kamala Harris's presidential campaign, contributing $50 million each to Future Forward USA Action. This marks a notable shift in their political engagement as they respond to concerns over a potential second Trump presidency, with both billionaires historically cautious about political donations.
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Gold prices have reached record highs, driven by inflation concerns, geopolitical tensions, and rising US national debt. Analysts predict prices could hit $3,000 per ounce by the end of 2025, as demand from central banks and safe-haven investors continues to grow.
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Elon Musk has reportedly maintained regular contact with Vladimir Putin since late 2022, discussing personal and geopolitical matters. This relationship raises significant national security concerns, especially as Musk plays a crucial role in U.S. space operations and is a major donor to Donald Trump's campaign. Lawmakers are calling for investigations into these interactions.
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As of October 31, 2024, Asian markets, particularly in India and Japan, are experiencing shifts in investor sentiment due to political instability and renewed interest in China's stock market following a stimulus package. This change raises concerns about the sustainability of previous market rallies.
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In the wake of Donald Trump's election victory, major tech executives are proactively reaching out to him to rebuild relationships and mitigate potential backlash. This shift reflects lessons learned from Trump's first term, where corporate leaders faced punitive actions for perceived disloyalty. The outreach aims to secure favorable treatment in a potential second Trump administration.
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In a surprising turn, Kamala Harris has taken a narrow lead over Donald Trump in Iowa, a state previously considered solidly Republican. This shift, driven by increased support from women and older voters, raises questions about the electoral landscape as Election Day approaches.
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Bernie Marcus, co-founder of Home Depot, passed away at 95 in Boca Raton, Florida. Known for his retail vision and philanthropy, Marcus led Home Depot's growth into a major home improvement retailer. His legacy includes significant charitable contributions and a strong political presence, particularly in support of Donald Trump.
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Following Donald Trump's re-election, U.S. stock markets have rallied, reflecting investor optimism about a favorable business environment. However, concerns about potential tariffs and immigration policies are causing volatility in the bond market, with rising yields indicating uncertainty about future economic conditions.
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Chinese electric vehicle maker BYD plans to launch its Sealion 07 SUV in Europe in 2025, despite new tariffs imposed by the EU and US on Chinese EVs. The company remains confident in its competitive pricing and market strategy as it seeks to grow its international presence.