Bill Ackman, CEO of Pershing Square Capital Management, announced at the Delivering Alpha conference that Universal Music Group will move its primary stock exchange listing to the United States from the Netherlands due to recent antisemitic attacks in Amsterdam. Ackman, who is the largest shareholder in UMG, plans to relist his own publicly traded company…
Madison Keys defeated Jessica Pegula in the US Open quarterfinals in straight sets. Keys, ranked 17th in the world, will face Wimbledon champion Markéta Vondroušová next. She expressed her motivation to perform well at the US Open, citing the support of the New York crowd. Despite being the crowd favorite, Pegula struggled to match Keys’…
The US has informed Qatar that they no longer find the presence of Hamas in Doha acceptable after the Palestinian militant group rejected a recent ceasefire and hostage deal proposal. Qatar, along with the US and Egypt, has been involved in talks to broker a ceasefire in Gaza, but recent negotiations have failed. There are…
After a strong rally in the stock market this week following Donald Trump’s election victory and positive earnings reports, some software companies may be due for a pullback. The S & P 500 and Dow Jones Industrial Average are up around 5%, while the Nasdaq has jumped 6.4% so far in November. Companies with an…
Workers in three red states – Alaska, Missouri, and Nebraska – will now have access to earned paid sick leave after ballot measures were passed in Tuesday’s election. This marks a shift towards providing paid sick leave for employees in both liberal and conservative-leaning states. The trend towards more progressive labor policies is gaining momentum…
Analysts believe that Bitcoin could reach $100,000 by the end of the year due to President-elect Donald Trump’s election victory. Trump’s promises to support cryptocurrencies and create a regulatory framework favorable to Bitcoin are seen as positive factors. Other catalysts for a potential price increase include changes in leadership at the SEC, crypto-friendly regulations, and…
As Wall Street anticipates President-elect Donald Trump’s return to the White House, one area of stocks that could benefit the most is those that stand to gain from his plan to cut corporate tax rates, according to Goldman Sachs. Trump’s victory has reduced some political uncertainty and served as a catalyst for a surge in…
Small caps, specifically the Russell 2000, are seeing gains in morning trading, following a surge on Wednesday. RBC’s Calvasina notes that positioning and sentiment are stretched, but there may be room for further growth. Bank of America downgrades SolarEdge Technologies due to potential risks to the clean energy industry under a Trump presidency. Moderna shares…
Retailers and manufacturing companies are contacting logistics partners to “front load” shipments ahead of potential changes in tariff policy by President-elect Donald Trump. Trump has promised tariffs on imports, particularly from China. This has led to increased container demand and vessel bookings, affecting freight rates and stock prices. Ocean shipping stocks initially dropped, but experts…
Mortgage rates have surged higher following Trump’s victory, with the average rate on a 30-year fixed mortgage reaching 7.13%. This increase is linked to the rise in the U.S. 10-year Treasury yield. Housing stocks have fallen as a result. Tech CEOs like Bezos, Zuckerberg, and Altman congratulated Trump on his win, expressing eagerness to work…