Day: November 6, 2024
China extends visa-free policy to 9 more countries — including South Korea
From Friday, citizens of nine more countries can enter China without needing a visa to visit. Holders of ordinary passports from eight countries in Europe — Slovakia, Norway, Finland, Denmark, Iceland, Andorra, Monaco and Liechtenstein — as well as South Korea can visit for business or leisure purposes for up to 15 days without needing […]
Read MoreStock futures are little changed after major post-election rally as focus shifts to Fed: Live updates
Expectations fall towards a January rate cut With Treasury yields rising on the back of a Trump election victory, expectations have fallen as to how aggressive the Federal Reserve will be in cutting interest rates this winter. The fed funds rate, which determines what banks charge each other for overnight lending, currently ranges between a […]
Read MoreWant to dodge the market volatility and capture the upside? This JPMorgan ETF’s manager reveals how he’s doing it
In a week when investors are grappling with policy uncertainty surrounding President-elect Donald Trump’s decisive victory, JPMorgan has launched its popular Equity Premium Income ETF in Europe to help ride out the volatility while capturing some of the upside. The JPMorgan Asset Management’s U.S. fund, already the largest active ETF in the world, returned 21.5% […]
Read MoreBeyond ASML: Goldman reveals its refreshed list of top European stocks — giving one 50% upside
Dutch tech behemoth ASML has been a favorite among investors in recent years, but Goldman Sachs has adopted a cautious stance on the stock and removed it from its conviction list of top picks. This follows a “weak earnings update” in the third quarter, the investment bank’s analysts wrote in a Nov. 4 research note. […]
Read MoreHarris says ‘we must accept’ election results, commits to peaceful transfer of power
“Earlier today, I spoke with President-elect Trump and congratulated him on his victory,” Harris said at the vice president’s alma mater Howard University, in Washington, D.C. It was the first time that Harris had spoken on camera to the public since Trump declared victory early Wednesday morning. “We will continue to wage this fight in the […]
Read MoreStocks making the biggest moves after hours: Qualcomm, HubSpot, Lyft, Bumble and more
Check out the companies making headlines in extended trading. Qualcomm — The chipmaker popped 4% after posting results for the fiscal fourth quarter that topped Wall Street’s expectations. The company also offered a strong outlook for the current quarter. Qualcomm reported adjusted earnings of $2.69 per share on $10.24 billion in revenue. Arm Holdings — […]
Read MoreTrump’s victory spells doom for his criminal cases — but he’s not off the hook for $570 million in civil fines
Republican presidential nominee and former U.S. President Donald Trump takes the stage following early results from the 2024 U.S. presidential election in Palm Beach County Convention Center, in West Palm Beach, Florida, U.S., November 6, 2024. Callaghan O’hare | Reuters President-elect Donald Trump’s 2024 presidential campaign was stalked by the persistent threat that if he […]
Read MoreE.l.f. shares soar as cosmetics retailer raises guidance after posting 40% sales gain
e.l.f Beauty power grip primer. Courtesy: e.l.f Beauty E.l.f. Beauty raised its full-year guidance on Wednesday after posting a 40% growth in sales. Shares of the company rose nearly 20% in after-hours trading. The cosmetics retailer’s earnings came in well ahead of expectations on the top and bottom lines and it now expects sales to […]
Read MoreCoinbase CEO Brian Armstrong is more than $2 billion richer after post-election stock pop
Brian Armstrong, co-founder and chief executive officer of Coinbase Inc., speaks during the Singapore Fintech Festival, in Singapore, on Friday, Nov. 4, 2022. Bryan van der Beek | Bloomberg | Getty Images Election Day proved hugely successful for the crypto industry. Nobody was a bigger winner than Coinbase CEO Brian Armstrong. Coinbase shares soared 31% […]
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