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Bloomberg Businessweek

Wall Street Billionaires Rush to Back Trump, Verdict Be Damned

May 31, 2024
43:35
Snipd AI
Financial elites backing Trump despite legal challenges, US slowing AI chip exports to Middle East, Bitcoin mining adapting post-halving, and market dynamics and investment opportunities discussed by Bloomberg News, Opinion, and Krach Institute guests.
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Podcast summary created with Snipd AI

Quick takeaways

  • Financial elites are backing Trump despite his guilty verdict, US AI chip exports to Middle East slowed by Nvidia and AMD.
  • Bitcoin mining industry adapting post-halving, investment potential in undervalued banks, REITs, and utilities sectors.

Deep dives

Inflation and interest rates are top concerns for investors, small and medium businesses feeling the impact.

Investors are increasingly concerned about inflation and the Fed's interest rate policy. Small and medium businesses are particularly affected by interest rate policies, with banks, REITs, and utilities facing challenges. Despite the NASDAQ's strong performance, areas such as banks, REITs, and utilities offer potential opportunities.

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