By Saqib Iqbal Ahmed NEW YORK (Reuters) – Options players are piling in to riskier bets across the U.S. stock market, supporting a rally that has come on the back of fading election worries and expectations of a Republican lock on power in Washington next year. The bullish plays span a wide array of assets, from electric car maker Tesla to small-cap stocks and regional banks. Together, they have helped

Federal Reserve Chair Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast to lower interest rates. “The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said in remarks for a speech to business leaders in Dallas. “The strength we are currently seeing in the economy gives

Michael Saylor Is Planning A Bitcoin $100K Party At His House, Expects End Of War On Crypto Under Trump Michael Saylor, CEO of MicroStrategy Inc. (NASDAQ:MSTR), deemed the Donald Trump-led Republican triumph the “biggest” bullish catalyst for Bitcoin (CRYPTO: BTC) over the last four years. What Happened: In an interview with CNBC on Thursday, Saylor said that the “red wave” has been “incredibly auspicious” for Bitcoin and the broader cryptocurrency

Satirical publication The Onion said it has bought Alex Jones’ Infowars at a bankruptcy auction for an undisclosed price, with the backing of the Connecticut families of eight victims of the Sandy Hook Elementary School shooting and one first responder. Jones owes more than $1 billion in defamation judgments to the families for calling the massacre a hoax. In a statement from their attorneys, the families said the purchase is

Federal Reserve Bank Chair Jerome PowellChip Somodevilla/Getty Images Indexes slipped Thursday as traders focused on remarks from Fed Chair Jerome Powell. Powell said the Fed is in no hurry to cut rates, and reiterated the strength of the US economy. Traders also digested wholesale inflation data, which was in line with expectations. Indexes ended lower on Thursday, with the election rally fizzling out as traders digested remarks from Federal Reserve

Check out the companies making headlines in after-hours trading: Domino’s Pizza , Ulta Beauty — Shares surged about 8% after Berkshire Hathaway announced a new stake in the pizza chain in a regulatory filing. The Warren Buffett-led firm bought more than 1.2 million shares, making the stake worth around $550 million at the end of September. Elsewhere, Ulta slid roughly 4% as the conglomerate nearly dissolved its position in the

(Bloomberg) — Asian equities climbed, aided by some encouraging signs in China’s economy and a retreat in the dollar. Most Read from Bloomberg The MSCI Asia Pacific Index rose 0.4%, its first gain this week, following data that showed China’s retail sales expanded at the strongest pace in eight months and property prices fell at a slower pace. Japanese benchmarks advanced about 0.8%, supported by weakness in the yen. US

Donald Trump is vowing to reduce wasteful federal spending by tapping two billionaires — Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy — to spearhead the initiative, which the president-elect is calling the Department of Government Efficiency, or DOGE. The appointments, announced by Trump on Tuesday, raise a host of questions about the effort, including whether Musk and Ramaswamy will have the authority to make changes in federal outlays, given

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Pictured here is a Shanghai development under construction on Nov. 4, 2024. Cfoto | Future Publishing | Getty Images BEIJING — China’s retail sales rose more than expected in October, while industrial production and investment data missed forecasts as the country’s real estate slump worsened. Retail sales grew by 4.8% year-on-year, the National Bureau of Statistics said Friday. That was above the 3.8% forecasted in a Reuters poll, and a pickup from 3.2%