Bloomberg Businessweek
Wall Street Billionaires Rush to Back Trump, Verdict Be Damned
May 31, 2024
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.
43:35
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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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