If history is any guide, one stock market gauge suggests that Vice President Kamala Harris will defeat former President Donald Trump in the 2024 presidential race. In all but two elections since 1944, the party in the White House has retained power when the U.S. stock market advances before Election Day, or the period between the end of July and Halloween, according to an election predictor devised by Sam Stovall,
You know the “Magnificent Seven” stocks,” right? Even if you do, you might have trouble remembering all seven, just as I often have trouble naming all seven of Snow White’s short companions. So here they are: Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » They’re referred to as “magnificent” in large part because of their amazing performance over the past
A car with autonomous driving system by Alibaba-backed DeepRoute.ai, drives on a street in Shenzhen, Guangdong province, China July 27, 2022. David Kirton | Reuters BEIJING — Deeproute.ai, a Chinese startup developing autonomous driving systems, announced a $100 million funding round Tuesday from an undisclosed automaker, while emphasizing close ties with chipmaker Nvidia. Pitchbook data showed Chinese company Great Wall Motor led the investment. It’s been difficult to obtain financing,
On Nov. 6, BlackRock’s iShares Bitcoin Trust (IBIT) achieved an unprecedented trading milestone, with volume spiking to $4.1 billion in a single day – its highest ever. This surge, following Donald Trump’s reelection as President of the United States, signals a potent wave of institutional and potentially retail interest in cryptocurrency ETFs. Don’t Miss: Bloomberg ETF analyst Eric Balchunas noted on X (formerly Twitter) that this massive trading volume exceeded
Donald Trump’s Trump Media & Technology Group had an eventful Election Day 2024, with its DJT stock halted three times after the shares suddenly plunged. At the end of the trading day, the Truth Social owner released its third-quarter earnings, showing a continued decline in revenue. The company’s third-quarter results, disclosed in a U.S. Securities & Exchange filing, shows that the fledgling social media business continues to lose money, while
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Chinese stocks wrapped up a momentous week marked by a $1.4 trillion debt swap program that fell short of many investors’ calls for more direct government support. For many, the reaction among investors only reinforced the need to look at longer-term opportunities in individual stocks that haven’t changed. The Ministry of Finance signaled at a closely watched press conference Friday that more fiscal support could come next year , while
There has been no other company in the artificial intelligence (AI) realm that’s been watched as closely as Nvidia (NASDAQ: NVDA) over the last couple of years. Nvidia’s role in the AI narrative is so prominent that any announcement the company makes has the power to swing the capital markets at this point. As the company’s upcoming launch of its new Blackwell graphics processing unit architecture (GPU) looms, all eyes
The Federal Reserve on Thursday made its second rate cut of this year, with the decision coming less than two months after the central bank’s surprise jumbo cut in September. The Fed shaved borrowing costs by 0.25 percentage points, or half the size of its September reduction, according to its Thursday statement. That brings down the federal funds rate — the interest rate banks charge each other for borrowing money —
(Bloomberg) — The first two years under Donald Trump’s second term could be “quite impactful” if policy changes are made on tax, deregulation and crypto, according to Stefan Gratzer, managing director at J.P. Morgan Private Bank. Most Read from Bloomberg “One really differentiating thing Trump had in his policy was about crypto, so let’s see how this plays out,” Gratzer, who is head of institutional wealth management for Switzerland at
