🚀 Harris's new policies for black men

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Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Vice President Kamala Harris has unveiled an “Opportunity” plan targeting Black men, including forgivable loans of up to $20,000 for Black entrepreneurs and support for federal marijuana legalization. Harris’s plan also addresses digital assets, advocating for a regulatory framework to protect investors, especially Black Americans, many of whom turn to cryptocurrencies as they struggle to use traditional financial services. She aims to boost her support among Black voters in her presidential campaign against Donald Trump, as recent polls show a decline in their backing compared to 2020. Black household wealth hit a record high under Donald Trump, and black unemployment hit record lows, both creating a fundamental shift in the way that many black people (especially men) view the Democratic and Republican parties.

2. The S&P 500 hit a new record on Monday, rising as investors anticipate upcoming corporate earnings reports from major companies like Bank of America, Goldman Sachs, and Netflix. Technology stocks led the market, with positive earnings expected in key sectors like tech, communications, and healthcare. Despite the all-time highs, investors remain cautious due to rising Treasury yields, geopolitical tensions, and the looming U.S. presidential election. Analysts are optimistic about continued economic growth, seeing this phase as favorable for equities.

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4. Headlines

   1. Berkshire Hathaway has increased its holdings in SiriusXM to 32%.

   2. Biden has announced over $600M in funding for Florida and other states impacted by Hurricane Milton.

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