Allison Joyce/Getty Images The Dow closed above 44,000 and the S&P 500 closed above 6,000 for the first time on Monday. Bitcoin soared 8% to hit a record high as crypto’s post-election rally continued. Investors will focus on inflation data and corporate earnings as the key market drivers this week. US stocks were higher on Monday, with the Dow Jones Industrial Average jumping about 300 points while the Nasdaq 100
(Bloomberg) — Most Asian shares fell as traders weighed the impact of president-elect Donald Trump’s likely policy agenda and the stronger dollar on regional economies. Most Read from Bloomberg The MSCI Asia Pacific Index slipped for a third day as Treasury yields rose, threatening to lure funds back to US assets. Hong Kong shares led regional equity declines following reports that Trump’s cabinet will include a number of China hawks.
“Wicked” author Gregory Maguire gives stamp of approval to upcoming adaptation “Wicked” author Gregory Maguire gives stamp of approval to upcoming adaptation 03:44 Mattel’s packaging for its “Wicked” movie doll lives up to its name, but not in a good way. The toy manufacturer is apologizing after mistakenly including a web address for a pornographic site on the boxes holding the company’s newly launched “Wicked” dolls, rather than the official
Former President Donald Trump basked in the near inevitability of his return to the White House.Chip Somodevilla/Getty Images Trump could soften his economic agenda to appease investors, Wharton’s Jeremy Siegel said. That’s because Trump is “the most pro-stock market president” in history, Siegel told CNBC. Bond market investors have thrown a fit over some of Trump’s proposals, Siegel added. Donald Trump might hesitate to carry out some of his sweeping
New Hampshire WWII veteran still hitting the gym at 95 years old New Hampshire WWII veteran still hitting the gym at 95 years old 01:51 BOSTON – Monday, Nov. 11, 2024 is Veterans Day, and restaurants in Massachusetts and around the country will be serving up deals, free meals and other discounts to those who have served our country. Some restaurants might ask for proof of service, such as a
Over the past year, artificial intelligence (AI) has captivated companies and investors, showing the potential to drive the next wave of economic growth. Among the prospective beneficiaries, a few standout companies seem well positioned to capitalize on the AI boom — and, importantly for investors, still maintain relatively reasonable valuations. Here are three such stocks and a look at how each is integrating generative AI into its business strategy. Start
Social Security sets its 2025 cost-of-living increase at 2.5% Social Security sets its 2025 cost-of-living increase at 2.5% 03:18 America’s seniors will pay more for their health care in the new year, as the Centers for Medicare and Medicaid Services (CMS) has announced that premiums for its Part B plan will increase by about 6% in 2025. Part B covers visits to doctors, outpatient care, preventative services such as
By Tom Westbrook SINGAPORE (Reuters) – Bitcoin stood on the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald Trump as U.S. president on expectations his administration will be crypto friendly. The world’s biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and touched $89,637 in Asia – a gain of more than 25% since Nov. 5.
Social Security sets its 2025 cost-of-living increase at 2.5% Social Security sets its 2025 cost-of-living increase at 2.5% 03:18 The House is expected to try to pass a Social Security-related bill this week to ensure benefits for workers who are also eligible for other pensions, despite a surprise move by hard-right Freedom Caucus leaders to derail the effort. It’s a quick turnaround to salvage what had been a bipartisan effort
Brandon Bell/Getty Images; iStock; Rebecca Zisser/BI The stock market is hovering near record highs after getting a boost from Donald Trump’s election win. Bonds, meanwhile, have seen a sharp sell-off since the election. For signs of Trump-trade fatigue, investors should watch the 10-year Treasury yield, JPMorgan says. With market enthusiasm around Donald Trump’s presidential-election victory pushing stocks and crypto to record highs, JPMorgan says investors looking for signs of rally
