📈 Stocks / Finance

JPMorgan Eyes Trump's Impact on Deregulation, Crypto, and Tax Cuts

Yahoo Finance

JPMorgan's Stefan Gratzer expects Donald Trump's second term to bring "quite impactful" changes in tax, deregulation, and crypto policies, boosting economic growth. Gratzer highlighted optimism for deregulation and tax cuts, which could raise share prices, particularly benefiting lenders.

Tesla Shorts Suffer $5 Billion Loss After Trump Win

Yahoo Finance

Hedge funds shorting Tesla lost $5.2 billion following Trump's election, as Elon Musk endorsed Trump and Tesla's stock surged 30%. Data shows the number of hedge funds net short Tesla fell from 17% in July to 7% in November, with Musk's political influence boosting investor sentiment.

Privium Fund Management B.V. Acquires Significant Stake in AST SpaceMobile

MarketBeat

Privium Fund Management acquired 821,267 shares of AST SpaceMobile (ASTS), valued at $21.48M, making it its 5th largest holding at 5.3% of its portfolio. Analysts raised ASTS price targets, with Deutsche Bank predicting $63. Institutional investors own 60.95% of ASTS.

🪙 Crypto

Bitcoin Hits Record High Amid Pro-Crypto Election Wins

CNBC

Bitcoin reached an all-time high near $81,000, with over $2.8 billion bet on futures surpassing $90,000. Investors see momentum fueled by pro-crypto election results. Deribit exchange shows strong growth in open interest, while CME premiums rose sharply, reflecting bullish sentiment in the market.

🌎 Global Economy

ADB Boosts Climate Lending After US, Japan Guarantees

Reuters

The Asian Development Bank will raise climate lending by $7.2 billion following $1.6 billion in guarantees from the US and Japan, marking the first sovereign guarantees for climate finance. This move aims to enhance development finance at COP29 and includes sustainable fuel projects in Pakistan.

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