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Vice President and Democratic presidential candidate Kamala Harris speaks at a campaign event at the Erie Insurance Arena in Erie, Pennsylvania, on October 14, 2024. Dustin Franz | Afp | Getty ImagesA stark shift toward former President Donald Trump on the political gambling platform Polymarket this month stoked scrutiny about four accounts that have collectively spent over $28 million betting on the Republican nominee to win the 2024 presidential election.Polymarket on Thursday confirmed what a number of experts have suspected: All four accounts are controlled by a single trader.A company spokesperson in a statement to CNBC described the whale as a French national with "extensive trading experience and a financial services background."The statement said the trader's accounts were funded f...

MUMBAI, MAHARASHTRA, INDIA - 2024/10/21: Hyundai logo is seen on the Hyundai car showroom in Mumbai. Hyundai Initial Public Offer (IPO) will be listed on the stock exchange on 22nd October 2024. (Photo by Ashish Vaishnav/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesThis report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.The big storyShares of carmaker Hyundai's Indian subsidiary started trading this week with much anticipation, only to drop by some 7% on its debut.The stock has pared back losses since, but is still 5% below its initial public offering price.The Korean...

Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Mike Blake | ReutersRipple Labs CEO Brad Garlinghouse has been skeptical of crypto regulation in the U.S., but he is feeling highly optimistic about the post-election environment around the corner."This is the most important election we've had, but I also believe no matter what happens, we're going to have a more pro-crypto, more pro-innovation Congress than we've ever had," he said in a Wednesday conversation with CNBC at DC Fintech Week.Ripple, a veteran company in crypto known in part for its close association with the XRP token, operates a global payments business with banks and financial institutions as its main customers. About 95% of its business t...

Shoppers at a Walmart store on Black Friday in Secaucus, New Jersey, on Nov. 24, 2023.Victor J. Blue | Bloomberg | Getty ImagesMattel and Hasbro decreased their end-of-year guidance ahead of the key holiday season as toy sales continue to slide during the third quarter.Earnings per share for both toy giants beat out Wall Street expectations while revenue missed, according to consensus estimates compiled by LSEG.But mixed results for both companies' third quarters were reflected in the updated year-end guidance for 2024.Mattel said it expects sales for the last three months of the year to be "comparable to slightly down" from its prior guidance update. Hasbro, meanwhile, lowered its expected revenue guidance. It now expects revenue to decline between 12% and 14% for consumer products, down ...

Scout Terra pickup truck and Scout Traveler SUV conceptsScoutNASHVILLE, Tenn. — Volkswagen-backed Scout Motors revealed its first electric vehicles Thursday and announced plans for the brand to expand its lineup to include an emerging type of plug-in hybrid electric vehicle in addition to EV models.Scout, a former American vehicle brand from 1961 to 1980, was expected to exclusively offer EVs in a bid for the German automaker to expand its presence in the U.S. However, slower-than-expected adoption of EVs and higher costs have led it to change course and include extended-range electric vehicles, or EREVs."Being a startup that moves quickly, we can pivot," Scout CEO Scott Keogh, a longtime auto executive who previously led VW's operations in the U.S., told CNBC. "The pivot that we made a nu...