Reported 19 days ago
The U.S. stock market surged to record highs on Wednesday, with the Dow Jones rising 3.5%, the S&P 500 up 2.5%, and the Nasdaq increasing 2.9% after Donald Trump triumphed over Kamala Harris in the presidential election. The election outcome spurred optimism in various sectors, particularly financials and technology, with notable gains for Tesla and major banks. As investors react to Trump's win, the Federal Reserve is expected to announce a rate cut, further adding to the market’s momentum.
Source: YAHOO
Reported 19 days ago
Following Donald Trump's victory in the 2024 presidential election, the small-cap Russell 2000 index has surged, with investors optimistic about his proposed tariff policies benefiting the sector. Additionally, Trump Media & Technology stocks have risen over 28% in premarket trading.
Source: YAHOO
Reported 19 days ago
Former President Donald Trump's victory in the 2024 election is expected to positively influence the tech sector, particularly mega-cap companies, according to TD Cowen analysts. They argue that Trump's stance against breaking up major tech firms like Google positions U.S. technology as critical assets in the competition with China.
Source: YAHOO
Reported 19 days ago
Following Donald Trump's victory in the 2024 presidential election, US stock markets have reacted positively, with the Dow Jones Industrial Average rising over 3%, the S&P 500 up 1.9%, and the Nasdaq Composite gaining 1.8% at market open. The financial sector is significantly boosted, jumping 5.5%, as investors anticipate favorable outcomes for the banking industry under another Trump administration.
Source: YAHOO
Reported 19 days ago
The 2024 US presidential election concluded with Donald Trump winning a second term, prompting discussions among experts about the implications for the economy, Federal Reserve policies, and the market. On an episode of Opening Bid, a panel analyzed the relief rally in financial markets following Trump's victory, the potential impact on inflation, trade policies—including tariffs affecting industries like electric vehicles—and the risks facing Fed Chair Jerome Powell, whose position has been critiqued by Trump in the past.
Source: YAHOO
Reported 19 days ago
Following Donald Trump's 2024 election win, the EV industry is in the spotlight, with analysts like Dan Ives suggesting it could be beneficial for Tesla and Elon Musk, a Trump supporter. However, potential repeals of EV tax credits could negatively affect major automakers like Tesla, Ford, GM, Stellantis, and Rivian.
Source: YAHOO
Reported 19 days ago
President-Elect Donald Trump won a second term in the presidential election, defeating Vice President Kamala Harris by securing both the electoral college and popular vote. Analysts, including Yahoo! News Political Reporter Andrew Romano, discuss how shifts in voter demographics influenced the election outcomes based on exit polling data.
Source: YAHOO
Reported 19 days ago
Following Donald Trump's victory in the 2024 presidential election, U.S. stock futures and Treasury yields surged, with significant gains in shares of Tesla and Trump Media & Technology Group. Major banks and oil producers saw their stock prices rise, while solar energy companies experienced declines.
Source: YAHOO
Reported 19 days ago
President-elect Donald Trump has won a second term, and the Republican Party has taken control of the Senate, while the House remains undecided. Analysts discuss Trump's ability to enact his campaign promises independently and the need for congressional support for others.
Source: YAHOO
Reported 19 days ago
Former President Donald Trump has won the 2024 US presidential election, marking his return as the 47th president of the United States. Analysts speculate on the implications of his victory, emphasizing key policy priorities such as immigration, tariffs, inflation, and trade relations with China. As Trump engages with Congress to advance his agenda, the balance of power in Congress will be critical.
Source: YAHOO
Reported 19 days ago
Former President Donald Trump has won the 2024 U.S. presidential election, leading to a positive market reaction with significant gains across various sectors, particularly in crypto. Market strategist Steve Sosnick noted that trading surged after the election results, attributing the enthusiasm to expectations of renewed tax cuts from Trump's previous administration. Although the victory may not affect the Federal Reserve's upcoming policy decisions, optimism continues to drive market trends.
Source: YAHOO
Reported 19 days ago
Following Donald Trump's reelection victory over Kamala Harris, all major stock indexes experienced a substantial increase during premarket trading. Doug Holtz-Eakin, president of the American Action Forum, attributes this surge to anticipated deregulation and tax cuts, noting a significant contrast with the previous Biden administration's regulatory costs. He suggests Trump's plans may lead to economic growth, though concerns about tariffs and immigration remain prevalent.
Source: YAHOO
Reported 19 days ago
U.S. stock markets reached record highs following Donald Trump's win in the presidential election over Kamala Harris, with the Dow Jones increasing by 3.5% and the S&P 500 surpassing 5,900. The Federal Reserve is expected to announce a rate cut of 25 basis points, driven by optimism in the financial sector. Trump’s policies are seen as positive for the markets, prompting significant gains across various sectors, particularly financials and technology, while concerns about potential tariffs on Chinese imports negatively impacted related stocks.
Source: YAHOO
Reported 19 days ago
Wall Street bank stocks surged following Donald Trump's election victory, indicating that major financial institutions anticipate a friendlier regulatory environment. Analysts predict this will benefit large banks as the new Republican administration may ease regulations implemented after the 2008 financial crisis. Stocks like JPMorgan Chase and Goldman Sachs saw significant gains, and there's optimism that upcoming policy changes could further enhance bank profitability and mergers.
Source: YAHOO
Reported 19 days ago
Following his election victory, Donald Trump is poised to implement various campaign promises, some of which he can pursue independently, such as new tariffs and mass deportations of undocumented immigrants. While he has the unilateral authority to act on these issues, many of his tax reform plans and repeals of green energy credits will require cooperation from Congress. The upcoming control of the House of Representatives will significantly influence his ability to achieve his broader agenda.
Source: YAHOO
Reported 19 days ago
As Donald Trump embarks on his second term as President, the financial markets are reacting positively. U.S. stock futures are up, bitcoin (BTC-USD) has reached record highs, and Tesla (TSLA) sees significant gains in pre-market trading. Trump's victory in critical swing states suggests potential Republican control in the Senate, and investors are speculating on increased tariffs leading to higher inflation and slower interest rate cuts by the Federal Reserve.
Source: YAHOO
Reported 19 days ago
Rivian, the electric vehicle manufacturer, is anticipated to announce its first quarterly revenue drop since becoming public three years ago, attributed to a parts shortage that led to a reduced production target for 2024. CEO RJ Scaringe may face challenging inquiries about the continuity of the supply issues and the company's strategies to address them. Despite a significant drop in deliveries and a projected revenue decline of 25% in Q3, Rivian reaffirmed its annual delivery outlook while navigating a changing market where rising interest rates have dampened EV demand.
Source: YAHOO
Reported 19 days ago
Shares of cannabis companies fell sharply after Florida voters did not approve a measure to legalize recreational marijuana, despite the firms investing heavily in the campaign. Canopy Growth and Trulieve Cannabis saw declines of 20.4% and 44.2%, respectively, while other companies like Tilray Brands and SNDL also faced significant losses. The proposal, which received over 55% support, required a 60% majority to pass, highlighting the ongoing challenges in legalizing cannabis at state and federal levels.
Source: YAHOO
Reported 19 days ago
Jenniffer González, the candidate from Puerto Rico's New Progressive Party, is leading in the polls of a pivotal gubernatorial election that could grant her party a third consecutive term. With 39% of the votes counted, she is ahead of Juan Dalmau from the Independence Party, who has 33%. As counting continues, González vows to be a governor for all Puerto Ricans, while a nonbinding referendum showed 57% in favor of statehood. The election highlights a shift as voters gravitate towards new political movements amid dissatisfaction with established parties.
Source: YAHOO
Reported 19 days ago
Bitcoin surged to a new record high, exceeding $75,000, driven by investor speculation that former President Donald Trump's election victory would favor cryptocurrencies. Other cryptocurrencies like ether and dogecoin also experienced significant gains. Trump's previously skeptical stance on crypto shifted as he adopted a pro-crypto agenda, promising to support the industry and ease regulations. The crypto market anticipates further increases, with some predicting Bitcoin may soon surpass $100,000, though experts advise caution due to inherent volatility.
Source: YAHOO
Reported 19 days ago
The CEO of Agoda has stated that introducing casinos and related attractions in Thailand could significantly increase foreign tourist arrivals, noting the success of similar models in Macau and Las Vegas. As Thailand advances towards legalizing gambling with plans for its first large-scale entertainment complex, it aims to boost job creation and investment. Despite past resistance to gambling legalization, the government believes that casinos could enhance tourism revenues and attract visitors year-round, further supporting the economy.
Source: YAHOO
Reported 19 days ago
BMW's CEO downplayed fears of potential U.S. tariffs that may arise under Donald Trump's presidency, suggesting the company could benefit due to its substantial manufacturing presence in the U.S. Shares for BMW and other major carmakers like Volkswagen and Mercedes-Benz dropped significantly in response to tariff concerns, leading BMW to a four-year stock low amid disappointing third-quarter results. However, CEO Oliver Zipse emphasized that BMW's extensive operations in the U.S. could mitigate impacts from tariffs, with two-thirds of its U.S. sales being produced domestically.
Source: YAHOO
Reported 19 days ago
Donald Trump has secured victory in the 2024 presidential election against Vice President Kamala Harris, marking him as the 45th and 47th U.S. president. His campaign focused heavily on inflation, which remains a significant concern for voters. Moving forward, Trump plans to address economic issues, including the introduction of new tariffs and a fierce tax debate aimed at extending tax cuts he previously enacted. Economists express concerns about potential negative impacts on GDP growth due to these policies, highlighting the uncertain economic landscape under his leadership.
Source: YAHOO
Reported 19 days ago
SAP will 'over proportionally' hire in India, with plans for the country to become home to its largest workforce, surpassing its German headquarters. CEO Christian Klein announced that the company currently has 15,000 employees in India, making it its fastest-growing market, and highlighted that future investments in research and development will be primarily focused there. SAP is expanding its operations in Bengaluru, with a second office to accommodate an additional 15,000 employees, emphasizing that continued business growth will require further hiring.
Source: YAHOO
Reported 19 days ago
Following Donald Trump's victory in the 2024 U.S. presidential election, South Korea's trade minister suggested that domestic firms might increase their investments in the U.S. if higher tariffs are implemented. He indicated that while the government would engage in trade diplomacy, individual companies might expedite their investments to adapt to a protectionist U.S. policy. The minister acknowledged the significant economic risk, particularly for South Korean automakers heavily reliant on the U.S. market, amid concerns about potential tariffs impacting trade dynamics.
Source: YAHOO