With Republicans edging closer to gaining control of Congress, millions of Americans may be at risk of losing enhanced subsidies that currently underwrite the cost of health insurance bought through the Affordable Care Act’s marketplaces, according to industry experts and the Congressional Budget Office.  The November 5 election gave control of the Senate to Republicans, while control of the House remains in limbo Monday as votes in several critical races

Chip Somodevilla/Getty Images; Getty; Rebecca Zisser/BI Goldman Sachs says the S&P 500 could see earnings growth of more than 20% over the next two years. The bank cited Trump’s proposed tax cuts for corporations as an upside risk to its EPS forecast. It said each percentage-point cut in the tax rate could boost earnings by slightly less than 1%. President-elect Donald Trump’s proposed tax cuts could boost S&P 500 earnings

Check out the companies making headlines in midday trading: Tesla — The electric vehicle stock popped about 9% to build on last week’s 29% gain as investors bet that a Trump administration would fare well for the company and CEO Elon Musk. AbbVie — Shares tumbled 12.6% after the pharmaceutical company said its experimental schizophrenia drug did not show a statistically significant improvement in symptoms during two Phase 2 trials.

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Breadcrumb Trail Links News Economy Real Estate Stock and bond markets are already reacting in anticipation of the changes Published Nov 11, 2024  •  Last updated 3 hours ago  •  6 minute read You can save this article by registering for free here. Or sign-in if you have an account. Former U.S. President Donald Trump holds a campaign rally at the PPG Paints Arena on November 04, 2024 in Pittsburgh, Pennsylvania.

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Homebuyers await mortgage relief after Federal Reserve’s back-to-back rate cuts – CBS News Watch CBS News The Federal Reserve has made two consecutive interest rate cuts but potential homebuyers are wondering when mortgage rates will drop. CBS News MoneyWatch correspondent Kelly O’Grady breaks down what this means. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

Trump Media & Technology Group stock (DJT) rose in premarket trading on Monday, rising as much as 7% after shares surged 15% on Friday following news that Donald Trump would not sell his shares in the company. Trump, who made the announcement on his Truth Social account Friday afternoon, maintains a roughly 60% interest in DJT, the parent company of Truth Social. At Friday’s closing levels of around $32 a

The stock market could enjoy a bigger boost from President-elect Donald Trump than any previous administration thanks to his pro-business policies, according to Jeremy Siegel, finance professor at the Wharton School of the University of Pennsylvania. “President-elect Trump is the most pro-stock market president we have had in our history,” Siegel said on CNBC’s “Squawk Box” Monday. “He measured his success in his first term by how well the stock market

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