Markets Now 11/09

The US presidential election is next year. Here’s what that could mean for stocks

The US presidential election is less than a year away. If history is any indication, stocks could end 2023 higher and extend those gains next year.  
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Ticket prices are plunging ahead of Formula 1’s next race set on the Las Vegas Strip

Ticket and hotel room prices are falling sharply in Las Vegas as the gambling mecca preps to host its first Formula 1 Grand Prix race in four decades next week.  
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Ohio just legalized cannabis. Now comes the hard part

Ohio certainly wasn’t the first state to legalize recreational cannabis — 23 other states have done so since 2012 — but the Buckeye State’s arrival on that list could ultimately be quite consequential for the growing industry.  
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Another labor deal averts strike at 8 more Vegas casinos

The Culinary Union has reached a deal with MGM Resorts International covering 25,400 members, averting a strike at eight casinos that had been set to start Friday.  
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Video: SAG-AFTRA president Fran Drescher reacts to historic actors' agreement

CNN’s Kate Bolduan speaks with actress and SAG-AFTRA president, Fran Drescher, about the historic agreement reached with the heads of the major Hollywood studios, officially ending the months-long strike.  
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Singles Day: China’s e-commerce giants try to lure reluctant consumers with ‘truly low’ prices

China’s wobbly economy has affected the world’s largest annual shopping event, and companies have launched an aggressive price war to woo customers.  
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Source: CNN Business