Author: starbpo

One of the most-watched deals in crypto has been the “Trump trade,” in which traders bet on Donald Trump’s chances of winning the November election for president of the United States. In general, crypto traders think that there will be more volatility around the election. This is because the expected volatility for bitcoin BTCUSD 0.82% options that expire in November is much higher than that for options that expire before the election. “That’s just how the market prices in a risk premium over the event,” Bohan Jiang, who is in charge of OTC options dealing at Abra, explained in a…

NEW YORK — Florida election clerks are correcting the record before next week’s state primary because of a false claim that poll workers will throw out ballots that have writing on them. Clerks in Collier and Escambia counties, which are home to Naples and Pensacola, are telling voters that the warning they may have seen on social media or in text messages is not true and that their ballot markings will not invalidate their votes. Election officials say the claim, which has been shared online across the country since at least 2020, is an example of the kind of false…

IN ATLANTA — An election board in one of Georgia’s biggest counties has decided that people who question a voter’s status will have to pay for the cost of letting the voters in question know about the problem. The Cobb County Board of Elections and Registrations agreed to the rule on Tuesday by a vote of 4-1. Debbie Fisher, a Republican on the board, was the only person who voted against the rule. As part of a nationwide attempt led by Donald Trump’s supporters to remove names from the voter rolls, Republican activists are challenging thousands of voters in Georgia.…

NEW YORK, ALBANY— This week, a judge in New York threw out Robert F. Kennedy Jr.’s plea to have his name put on the state ballot, which hurt his independent presidential campaign. This decision could cause problems for the candidate as he faces challenges in other places. Justice Christina Ryba made a decision this week that Kennedy’s home address on his nomination papers was a “sham” that he used to stay registered to vote and advance his political career. On Wednesday, Kennedy’s lawyers filed an appeal to that decision. The judge agreed with the critics, who said Kennedy’s real home…

City of Mexico — Early Saturday morning, Hurricane Ernesto hit land on Bermuda, a small British Atlantic island where people were still staying inside. The National Hurricane Center says the hurricane has a big area in the middle that is not raining and is about to pass by Bermuda. The eye has grown bigger, and Ernesto has slowed down. However, the second half of the storm will still pass over Bermuda on Saturday afternoon. The wide category 1 storm has winds that can last for up to 80 miles per hour. The National Hurricane Center in the United States warned…

IN DETROIT — Members of the Teamsters will soon have Vice President Kamala Harris over for a roundtable talk. However, union president Sean O’Brien has not yet been invited to speak at the Democratic National Convention next week. In an email on Friday, Kara Deniz, a spokeswoman for the 1.3-million-member union, said that the Teamsters are working with Harris’ campaign to set times for the roundtable. But Deniz said Friday night that O’Brien has not heard back about his request to talk at the Democratic National Convention, which starts Monday in Chicago. Speaking at the GOP convention last month made…

A person with knowledge of the case says that former U.S. Rep. George Santos will likely plead guilty to more than one count of federal theft. The New York Republican Santos is set to make his plea at a court hearing on Long Island on Monday, the person said. The person could not talk about the facts of the plea in public, so they spoke to the Associated Press under the condition that they not be named. Messages were sent to three lawyers representing Santos asking them to respond. The court hearing was set for Monday afternoon after both the…

Social Security has been around for 89 years today. Let’s think about how hard, if not impossible, it would be for most Americans to get something similar. Social Security has been giving retirees a kind of annuity since August 14, 1935. Their guaranteed payouts are based on inflation. A retiree could not buy something on the open market that would be equal to what Social Security gives them. Annuities that take inflation into account used to be sold by insurance companies, but they no longer do. In another way, though, most Americans would have a hard time, if not be…

There are some similarities between the U.S. stock market today and the wild Roaring Twenties market a hundred years ago, but it’s not a sign you can bank on. Still, it would be very exciting if the stock market had another run like it did in the 1920s. In fact, the Dow Jones Industrial Average DJIA 0.24% would go over 150,000 if it raises as much between now and 2029 as it did during the same time period in the 1920s. Even though there are some connections between now and the 1920s, there are also some big differences. Check out…

It’s simple to check fund returns, but what you see isn’t always what you get. A new Morningstar MORN 0.87% study found that the average investor misses out on about 15% of mutual funds’ annual profits. However, there are ways to almost completely close the gap. In the past ten years, the average yearly return on a mutual fund has been 7.3%. However, Morningstar, a company that tracks the flow of money into and out of funds, found that fund owners didn’t do nearly as well. They got an average annual return of 6.3%. Over the years that the average…