The election prospects of former President Donald Trump are already having an effect on the markets. So-called Trump trades, a series of investments set to pay off should he get reelected, have started to unwind, according to a recent note from investment bank Macquarie. One of the most prominent of such trades has been a
Billionaire venture capital investor Ron Conway reportedly cut ties with a cryptocurrency super PAC called Fairshake after the group said it would support the Republican running against Sen. Sherrod Brown (D-Ohio), according to a Politico report. Brown is the longtime chair of the Senate banking committee and has raised concerns about cryptocurrency in the past,
The all-American working man demeanor of Tim Walz—Kamala Harris’s new running mate—looks like it’s not just an act. Financial disclosures show Tim Walz barely has any assets to his name. No stocks, bonds, or even property to call his own. Together with his wife, Gwen, his net worth is $330,000, according to a report by the Wall Street
If Donald Trump wins the presidential election in November, America will have its first crypto Vice President. Trump announced on Monday afternoon that Bitcoin-owning Ohio Senator JD Vance will be his running mate “after lengthy deliberation and thought,” according to a post on his Truth Social network. The senator, former venture capitalist and author of
Pre-market trading in the U.S. will begin Sunday evening, marking Wall Street’s initial attempt to price in how the assassination attempt on Donald Trump will affect markets. Ian Bremmer, president of political risk research and consulting firm Eurasia Group, has said the shooting at a campaign rally makes a Trump win in the presidential election
Bitcoin’s price could reach a new all-time high in August and potentially climb to $100,000 during the U.S. presidential election in November, according to a report by Standard Chartered, as quoted by media reports. Geoffrey Kendrick, Standard Chartered Bank’s head of forex and digital assets research, was quoted as saying that Bitcoin is likely to