November 13, 20240 Comments

Wall St edges higher after inflation data keeps Fed rate-cut hopes intact By Reuters

By Purvi Agarwal and Lisa Pauline Mattackal (Reuters) – Wall Street’s main indexes inched higher on Wednesday after in-line consumer price inflation data kept the U.S. Federal Reserve on track to deliver another interest rate cut in December. The consumer price index rose 0.2% in October for the fourth straight month, the Labor Department’s Bureau of Labor Statistics said, and advanced 2.6% on an annual basis. Excluding the volatile food

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November 11, 20240 Comments

GM’s Wall Street vindication is here as it outperforms peers in 2024

Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson’s building in Detroit, Michigan, US, on Monday, April 15, 2024.  Jeff Kowalsky | Bloomberg | Getty Images DETROIT — General Motors is proving it’s a standout among automakers this year as it continues to consistently outperform Wall Street’s earnings expectations and its competitors. Shares of the Detroit automaker have risen 54.7% ahead

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November 11, 20240 Comments

Wall Street at record highs as post-election rally continues By Reuters

(Reuters) – Wall Street’s main indexes opened at record highs on Monday (NASDAQ:) as optimism on proposed tax cuts and expectations of an easier regulatory environment after Donald Trump won the U.S. presidency continued to lift stocks. The rose 254.75 points, or 0.58%, at the open to 44,243.74. The rose 13.3 points, or 0.22%, at the open to 6008.86​, while the rose 68.6 points, or 0.36%, to 19355.338 at the

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November 9, 20240 Comments

Wall Street drafts Trump wish lists over bank capital, SEC regulation By Reuters

By Pete Schroeder and Chris Prentice WASHINGTON/NEW YORK (Reuters) -The banking and finance industries are rapidly drawing up wish lists for lighter regulation under President Donald Trump’s incoming administration as Wall Street sees a window of opportunity to influence policy. Numerous financial trade groups are working on detailed lists to hand to Trump’s transition team, according to four industry sources who asked not to be identified.  That follows weeks of

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November 8, 20240 Comments

Top Wall Street execs are getting skeptical on the Fed’s easing path

A trader works as a screen displays the Fed rate announcement, on the floor of the New York Stock Exchange on June 12, 2024. Brendan McDermid | Reuters RIYADH, Saudi Arabia — Major Wall Street CEOs see ongoing inflation pressures in the U.S. economy and aren’t convinced that the Federal Reserve will continue its rate-easing path with a further two reductions this year. The Fed cut its benchmark rate by 50 basis points in

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November 8, 20240 Comments

Wall Street expects Trump presidency will unlock deal-making

Attendees cheer as a broadcast of former US President and Republican presidential candidate Donald Trum speaking at his Florida election party is shown on a screen at the Nevada GOP election watch party in Las Vegas, Nevada on November 6, 2024.  Ronda Churchill | Afp | Getty Images Wall Street dealmakers and corporate leaders expect the flood gates to open on merger and acquisition activity after President-elect Donald Trump takes

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November 7, 20240 Comments

Wall Street hits all-time highs, Fed decision on tap By Reuters

(Reuters) – Wall Street’s main stock indexes hit record highs in the run-up to an interest-rate decision from the Federal Reserve on Thursday, extending a sharp rally sparked by Donald Trump’s stunning comeback as U.S. president for a second time. The fell 11.0 points, or 0.03%, at the open to 43718.92. The rose 18.2 points, or 0.31%, at the open to 5947.21​, while the rose 101.0 points, or 0.53%, to

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