baraka (YC S21)

The value of assets tied to #DonaldTrump — and those likely to benefit under his administration — surged in the wake of his decisive electoral victory yesterday. 💪 Leading the way was Trump Media and Technology Group, the company that owns the Truth Social media platform. Trump is the majority owner of the company. 💪 Shares of Tesla, the electric automaker owned by Elon Musk, also rose sizably — up 15%. Musk was heavily involved in promoting Trump's campaign, and the president-elect has indicated he would appoint Musk, the world's richest person, to a Cabinet-level position tasked with tackling perceived government waste. 💪 The price of bitcoin increased 9%, touching an all-time-high of nearly $76,000. Cryptocurrencies and companies in the crypto space generally had broad gains. #USElections

Early results show Trump is winning. 🇺🇸 U.S. stock futures and the dollar are surging as investors bet on a potential Trump win. Key Market Moves in the morning: - S&P 500 futures up by 1.2% - 10-year U.S. Treasury yield hit a four-month high at 4.47% - U.S. dollar index rose 1.5% - Bitcoin reached a record $75,060 Experts are observing confidence in a “red sweep,” potentially signaling tax reforms and an investment-friendly climate. Treasury yields are up, indicating market anticipation of fiscal shifts under a Republican-led Congress. #MarketUpdate #USElections

Lulu Retail increases IPO offer size to 30% from the previously announced 25% to cater to high demand from global investors. 👉 The total offer size has been increased to 3.09 billion shares. 👉 The additional 516,445,267 shares have been wholly allocated to the Qualified Investor Offering (Tranche Two), accessible to professional investors only. 👉 Masarrah Investment Company has been added as a cornerstone investor with a commitment of 250 million UAE dirhams ($68 million). 👉 The offer is expected to be priced at AED 2.04 dirhams a share at the top end of a range that started at AED 1.94 dirhams, implying a market capitalisation of AED 21.1 billion. Lulu's IPO is set to be the UAE's biggest listing of the year, eclipsing oil services firm NMDC Energy's $877 million share offering. The company will list its shares on the Abu Dhabi Securities Exchange (ADX) on November 14.

Impact of Elections on Markets 🇺🇸 As we approach Election Day in the U.S., investors are eager to shake off some uncertainty—but experts say the election outcome may not be the biggest factor for markets. Instead, key influences like interest rates, government spending, and trade tensions are expected to drive market performance in the year ahead. 🌟 Harris: Focus on domestic growth with renewable energy, semiconductors, and infrastructure, but potentially a weaker USD in the short term. 🌟 Trump: Likely tax cuts and deregulation in oil, gas, and banking, but higher tariffs that could mean inflationary pressure. Despite potential sector-specific impacts, most experts agree that overall market performance is typically steady post-election. 🌐

Will Rising AI Costs Sustain Big Tech? 👀

Snap, Snap, Snap! 🚀 Snap Inc. reported impressive third-quarter results, surpassing expectations on both revenue and earnings per share. The company also announced a $500 million stock repurchase program. 👉 Revenue: $1.37 billion vs. $1.36 billion expected 👉 Earnings per share: 8 cents adjusted vs. 5 cents expected 👉 Global daily active users: 443 million vs. 441 million expected Snap's net loss narrowed significantly to $153 million from $368 million a year prior. Its investments in AI and AR, and the strong growth of Snapchat+ paying subscribers to 12 million is noteworthy. 🌟 #breakingnews #akhbaraka

Imagine you purchase stocks of Company X. The price falls down. What would you do? You could average down. Now what is that? Averaging down is an investing strategy that involves a stock owner purchasing additional shares of a previously initiated investment after the price has dropped. The result of this second purchase is a decrease in the average price at which the investor purchased the stock. For example, an investor who bought 100 shares of a stock at $20 per share might purchase an additional 100 shares if the price of the stock reached $10 per share, thus bringing their average price down to $15 per share. Not investment advice. Capital at risk.

Boeing Plans Over $15B Capital Raise 💼 Boeing is set to launch a capital hike as early as Monday to boost its liquidity. This move comes as the company faces financial challenges due to ongoing labor strikes and production issues. 👉 The capital raise could exceed $15 billion, involving both equity and convertible debt. 👉 The funds will help Boeing maintain its investment-grade rating and support its recovery from the strike. 👉 Boeing has already secured approval from the SEC to sell up to $25 billion in stocks and debt. This capital raise is crucial for hashtag #Boeing to navigate through its current financial hurdles and ensure long-term stability. 📈

Did you know you get access to near real-time deposits in your local currency with baraka? Yes, simply head to your profile, add a debit card, and enter a deposit amount. You even have the option to select Auto-Deposit by setting a deposit frequency—this will keep transferring a fixed amount at fixed intervals automatically. Whether you're saving for a big goal or investing for the future, Auto-Deposit helps you stay consistent and on track. Capital at risk. Regulated by DFSA. #GrowYourWealth

Did you know about the Black Monday crash of 1987? Black Monday occurred on October 19, 1987, when the Dow Jones Industrial Average lost 22.6% in a single day. The S&P 500 lost even more with a 30% loss on the day. Worldwide losses were estimated at US$1.71 trillion. But this notorious event gave rise to an important phenomenon: circuit breakers. Circuit breaker trading halts, now a part of daily stock market trading, were put in place in 1988 in response to a recommendation from the Brady Commission, which was appointed by President Reagan after the Black Monday. The term "circuit breaker” refers to an emergency-use regulatory measure that temporarily halts trading on an exchange. The aim is to curb panic-selling and manic-buying. Circuit breakers function automatically by stopping trading when prices hit predefined levels in exchanges around the world.