JUST IN: 🇺🇸 Mike Novogratz says after Trump's win, he sees a "substantial shift in the energy" of the crypto industry.

This will bring “hundreds of billions” into the ecosystem 🙌

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🇺🇸 American consumers are rolling over a record $628 billion in unpaid credit card debt every month, per Bloomberg.

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🚨🚨 Microsoft, $MSFT, CEO's pay has risen 63% to $73 million in 2024, despite 2550 jobs lost in 2024, per FORTUNE.

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🇨🇳 China says it hopes for a "peaceful coexistence" with the United States.

"We respect the choice of the American people."

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BREAKING: 🇺🇸 The S&P 500 is now up 2.4% and on track for its largest daily gain of 2024.

The index has added $1.2 trillion of market cap today.

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🚨🚨🇺🇸 Kamala Harris's campaign ends $20 million in debt, after raising over $1 billion, Politico reports.

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BREAKING: 🇺🇸 Total holdings of US ETFs assets officially hit $10 trillion for the first time in history.

Over the last 5 years, the size of the US ETF market has more than doubled.

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🇮🇹 Amazon Web Services $AMZN plans to invest $1.3 Billion into Italy over the next 5 years to expand its data centre business in the country - Reuters

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🇺🇸 Elon Musk's transgender child announces they're leaving the US after Donald Trump's presidential win.

In 2022, they cut all ties with Elon Musk and changed their last name.

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🇮🇷 Iranian President Pezeshkian: It makes no difference to us who won the US election.

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🇨🇳 Chinese President Xi Jinping says China is ready to strengthen relations with the United States.

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🇺🇸 Powell says he cannot legally be fired. He says, "Not permitted under law."

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🇺🇸 SUMMARY OF FED DECISION (11/7/24):

1. Fed cuts interest rates by 25 bps in 2nd cut of 2024

2. Vote for 25 basis point rate cut was unanimous

3. Fed says risks to goals remain "roughly in balance"

4. Labor market conditions have "generally eased"

5. Fed removes "gaining confidence" on inflation moving to 2%

6. Fed will continue to reduce its balance sheet

We expect another 25 basis point rate cut in December.

@Fin_Watch

🇮🇳 Apple, $AAPL, iPhone exports from India jumped by a third in the six months through September, per Bloomberg.

The US company exported nearly $6 billion of India-made iPhones, an increase of a third in value terms from a year earlier.

@Fin_Watch