Flags on the New York Stock Exchange in the financial district set the scene for a night of speculation as stock futures rose amid rumors of a potential edge for former President Donald Trump in the presidential race. The Dow Jones, S&P 500, and Nasdaq 100 futures all saw gains, with Bitcoin reaching a record…
The U.S. dollar strengthened slightly against other global currencies as voting in the presidential election wound down. The British pound and euro were down slightly against the dollar, while the Australian dollar dipped. The foreign exchange market is expected to react quickly to election results, with traders watching the dollar closely for signals. A strong…
Abortion rights measures in key swing states are expected to have a significant impact on the outcome of the upcoming election, marking the first presidential race since Roe vs. Wade was overturned. Voters in Nevada and Arizona will decide on measures to protect abortion rights in their state constitutions, with Democrats hoping to drive turnout,…
With Election Day approaching, social media companies like Meta, TikTok, X, YouTube, and others are ramping up efforts to combat disinformation and foreign influence. Since the 2016 election, these platforms have been targeted by foreign actors spreading false information. Meta has invested heavily in safety and security measures, including fact-checking and labeling AI-generated content. TikTok…
Goldman Sachs has analyzed potential election outcomes and their impact on the S & P 500. In a close race between Trump and Harris, the firm outlined four scenarios. A Trump win and Republican sweep could lead to a 3% rally in the S & P 500, benefiting financial and domestic cyclical stocks. A Trump…
The financial sector has been performing well recently, with major institutions like JPMorgan Chase and Wells Fargo reporting strong earnings. However, markets can be unpredictable, as seen in a recent mean reversion trade on Alibaba. Now, I am looking at a potential mean reversion trade on JPMorgan, with indicators showing a potential trend shift. I…
Former U.S. President Donald Trump’s media company, Trump Media & Technology, saw a rise in its stock on Election Day, as traders speculated that a potential second Trump presidency would benefit the company. The stock, trading under the ticker DJT, is also seen as a gauge of the Republican candidate’s chances of winning the White…
Despite a recent sell-off, Bernstein analyst Nikhil Devnani believes investors should not give up on eBay. He upgraded the online marketplace to outperform, citing improving growth trends as a catalyst for the upgrade. Devnani sees gross merchandise volume growth of 2% heading into next year, with potential expansion to 3% in 2026. Although growth rates…
Saudi Aramco reported a 15.4% drop in net profit in the third quarter due to lower crude oil prices and weakening refining margins. Despite this, the company maintained a 31.05 billion dividend. The decline in profit was attributed to lower global oil prices, weaker demand, and OPEC+ production cuts. The company’s earnings before Interest and…
Boeing machinists in Seattle, Washington, have approved a new labor deal after more than seven weeks of striking. The new contract includes a 38% wage increase over four years and other benefits. This approval is a relief for Boeing’s CEO, Kelly Ortberg, who has been navigating safety and manufacturing crises. President Joe Biden congratulated both…