November 7, 20240 Comments

S&P 500, Nasdaq edge higher with Trump election win, Fed in focus

US stocks stepped higher on Thursday, eyeing a return to the Trump rally as investors mapped out the next president’s likely impact on markets and awaited the Federal Reserve’s policy decision. The Dow Jones Industrial Average (^DJI) hovered near the flatline, on the heels of a 1,500-point gain that marked the blue-chip gauge’s best day since 2022. The S&P 500 (^GSPC) rose roughly 0.4%, while the tech-heavy Nasdaq Composite (^IXIC)

Read More
November 7, 20240 Comments

Mnuchin says Trump’s top priorities will include tax cuts and tariffs

President-elect Donald Trump likely will return to cornerstones of his previous economic platform such as tariffs, lower taxes and sanctions when he assumes office in January, his former Treasury secretary said Thursday. Steven Mnuchin, who held the post throughout Trump’s first term from 2017-21, told CNBC that he sees those items as critical to the Republican’s agenda. Tax cuts are “a signature part of his program,” Mnuchin said in a

Read More
November 7, 20240 Comments

LYFT, SEDG, QCOM, MRNA and more

Check out the companies making headlines in premarket trading. Lyft — The rideshare stock advanced more than 23% after a stronger-than-expected fourth-quarter outlook. Lyft expects bookings in the current quarter of $4.28 billion to $4.35 billion, while analysts polled by FactSet expected $4.23 billion. Arm Holdings — Shares of the semiconductor company slipped about 7% despite second-quarter results surpassing Wall Street estimates. Arm reported adjusted earnings per share of 30

Read More
November 7, 20240 Comments

Warner Bros. Discovery (WBD) earnings Q3 2024

Jakub Porzycki | Nurphoto | Getty Images Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for the streaming platform since its inception. Max now has 110.5 million subscribers as of Sept. 30. Warner Bros. Discovery’s flagship streaming service has been growing its subscriber base at a fast clip this year since expanding internationally during

Read More
November 7, 20240 Comments

Blockstream Opens R&D Center in Lugano, Switzerland

Blockstream, the development firm led by early Bitcoin developer Adam Back, has opened an R&D hub in Lugano, Switzerland, “to foster fintech innovation on Bitcoin’s Liquid and Lightning networks,” according to the team: “The new center aims to significantly increase innovation on layer 2’s by collaborating with local startups and partners, providing resources, mentorship, as well as grants to standout projects. The initiative builds on successful events co-hosted by Blockstream

Read More
November 7, 20240 Comments

Financial Products News #2024 – 41 Nasdaq Announces Launch of Twelve New Indexes Effective Monday, October 21st, 2024

Markets Impacted: Data Feeds Impacted: Nasdaq Global Index Data Service (GIDS) Nasdaq Global Index Watch (GIW) Nasdaq Global Index FlexFile Delivery (GIFFD) Contact Information: What you need to know: Effective Monday, October 21st, 2024, Nasdaq will begin disseminating the following new indexes on the Nasdaq Global Index Data ServiceSM (GIDS). What are the new indexes? The SMID Growth Strength Index (NQCAPSGSM) seeks to provide exposure to well-capitalized small and mid-sized

Read More
November 7, 20240 Comments

Dollar backs off post-election highs ahead of Fed decision By Reuters

By Amanda Cooper LONDON (Reuters) -The dollar held near four-month highs on Thursday, having scored its biggest one-day rally in two years following Donald Trump’s win in the U.S. presidential election, and as investors prepped for the Federal Reserve’s upcoming rate decision. Sterling rallied after the Bank of England cut interest rates but said it expected UK inflation and growth to pick up more quickly than it had previously anticipated. Front

Read More