Day: July 21, 2024
Asia stocks set to mostly fall as Biden drops out of race; inflation and GDP data this week in focus
Aerial view by drone of Tokyo Cityscape with Tokyo Sky Tree visible in Tokyo city, Japan on sunrise. pongnathee kluaythong | Moment | Getty Images Asia-Pacific markets are set to fall on Monday in Asia, on the back of news that U.S. President Joe Biden has dropped out of the presidential race, and endorsed Vice […]
Read More
As the super-rich pile into alternatives, a top investment manager reveals how others can too
There’s a growing interest in alternative assets from all corners of the investing landscape, including family offices, endowment funds, insurers, financial advisors — and increasingly the super-rich , according to investment manager Juan Delgado-Moreira. “The ultra-high-net-worth are drawn to private markets and are increasing their allocations to the asset class because they offer a range of […]
Read More
Bank of America strategist says it’s time to get bearish
As stocks pull back from all-time highs, a top Bank of America strategist warned investors to be cautious, citing a series of economic indicators that have historically signaled the end of a rally. Sebastian Raedler, head of European equity strategy at Bank of America, made his case for a bearish outlook, forecasting that the S […]
Read More
Kamala Harris sees surge in big money support after Biden drops out of race
Vice President Kamala Harris is already seeing a wave of big money donor support following President Joe Biden dropping out of the race, with the help of bundlers who have assisted her in past races, according to people familiar with the matter. Moments after Biden announced he would drop out of the race for president […]
Read More
The ‘Trump trade’ is on pause. Political uncertainty is now in the driver’s seat
It didn’t take long to remember what a second Donald Trump presidential term would mean for the stock market, did it? Unpredictability. Random attacks. No one safe. Mercurial positions. The only difference? Former Vice President Mike Pence meant nothing. He was supposed to mean nothing. Now the Republican candidate’s new running mate, Sen. JD Vance […]
Read More
S&P 500 futures tick higher Sunday night after worst week since April: Live updates
Traders work on the floor of the New York Stock Exchange on July 11, 2024. Spencer Platt | Getty Images S&P 500 futures inched up Sunday night after the broad market index suffered its worst weekly losses since April last week as investors rotated out of megacap technology stocks for smaller names. Futures tied to […]
Read More
Pelosi spoke to Biden before he dropped out of 2024 presidential race
U.S. President Joe Biden presents the Presidential Medal of Freedom to U.S. Representative and former House Speaker Nancy Pelosi (D-CA) during a ceremony at the White House in Washington, U.S., May 3, 2024. Evelyn Hockstein | Reuters Former House Speaker Nancy Pelosi, D-Calif., spoke with President Joe Biden on Saturday about the fallout from his […]
Read More
Republicans call on Biden to resign after president announces he won’t seek reelection
Republican lawmakers are calling on President Joe Biden to resign after he announced Sunday that he will no longer seek reelection. “If Joe Biden is not fit to run for President, he is not fit to serve as President,” Speaker of the House Mike Johnson said in a post on X after Biden announced his […]
Read More
Kamala Harris has Biden’s endorsement as Democratic nominee. Here are her next steps
U.S. Vice President Kamala Harris waves as she boards Air Force Two to depart on campaign travel to Philadelphia, Pennsylvania, at Joint Base Andrews, Maryland, U.S., July 13, 2024. Kevin Mohatt | Reuters Vice President Kamala Harris on Sunday received President Joe Biden’s endorsement to replace him at the top of the Democratic ticket in […]
Read More
Read President Joe Biden’s letter announcing his decision to drop out of the 2024 race
President Joe Biden on Sunday announced he will not be seeking reelection in the 2024 presidential race and endorsed Vice President Kamala Harris as the Democratic Party’s nominee. “It has been the greatest honor of my life to serve as your President,” Biden, the 46th president of the United States, wrote in a letter to Americans. “And while it […]
Read More