🚀 Harris Presidency More Likely

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Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. For the first time, a survey of economists, investment strategists, and fund managers shows that Kamala Harris is likelier to win the 2024 U.S. presidential election than Donald Trump. The survey, conducted shortly after a debate between the two candidates, found 48% predicting a Harris victory, compared to 41% for Trump. Harris has focused her campaign on economic policies to support the middle class, while Trump continues to promote tax cuts and tariffs. Concerns remain over how each candidate's policies might affect inflation, the economy, and stock markets. Harris also received a boost when more than 100 former Republican lawmakers and officials endorsed her, arguing that Donald Trump is unfit for office.

2. Intuitive Machines' stock surged nearly 60% after receiving a NASA contract worth up to $4.82 billion to build lunar relay satellites for the Artemis program. The company will create a constellation of satellites for NASA’s Near Space Network, supporting communication and navigation for missions up to 1 million miles from Earth. The initial contract award is $150 million. Analysts see this contract as a major step forward for Intuitive Machines, which has secured multiple NASA contracts and aims to launch its next lunar mission, IM-2, in early 2024.

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4. Headlines

   1. Boeing has furloughed thousands of employees, implemented a hiring freeze and fired non-essential contractors as a result of an ongoing strike action.

   2. Amazon has raised wages for warehouse workers and now offers them a free Prime subscription.

   _{* This is sponsored content.}

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