📈 Stocks / Finance

Dow Surges Past 44,000 Amid Post-Election Optimism

CNBC

The Dow Jones jumped 304 points to close at a record 44,293.69, fueled by expectations of banking deregulation under Trump's re-election. Banking stocks led gains, while meme favorite GameStop soared 10%.

Trump Tariffs May Reignite Inflation, Warns Fed's Kashkari

CNBC

Minneapolis Fed President Neel Kashkari warned that Trump’s proposed universal tariffs, including a 60% rate on China, could worsen long-term inflation if they trigger retaliatory actions from global trade partners. He emphasized that the Fed is monitoring potential impacts on inflation carefully.

Redfin's Target Price Raised Amid Mixed Analyst Ratings

MarketBeat

Susquehanna raised Redfin's target price from $7.00 to $10.00, maintaining a 'neutral' rating. Jefferies also upped their target to $11.50, while B. Riley set it at $15.00 with a 'buy' rating. Redfin's shares traded at $9.99 on Monday, with a market cap of $1.22 billion and insider ownership at 4.40%.

🪙 Crypto

Bitcoin Approaches $90,000 Amid Positive Regulatory Shift

CNBC

Bitcoin reached $89,623, just shy of $90,000, marking a 12% rise driven by optimism over a favorable regulatory outlook under President-elect Trump. Analysts anticipate a push to $100,000, with strong bullish sentiment persisting. Coinbase surged 19%, trading above $300 for the first time since 2021.

🌎 Global Economy

$2 Trillion Lost to Extreme Weather Over a Decade

Axios

A report by Oxera for the International Chamber of Commerce finds climate-related extreme weather cost the global economy over $2 trillion from 2014-2023, with the U.S. suffering $934.7 billion in losses. Economic damages in 2022-2023 alone rose 19% compared to the prior eight years.

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