Day: November 10, 2024
Asia-Pacific markets poised to fall after China reports lower-than-expected inflation rate
Citizens are shopping at a supermarket in Nanjing, East China’s Jiangsu province, on March 9, 2024. Costfoto | Nurphoto | Getty Images Asia-Pacific markets were set to fall Monday after China’s October inflation numbers came in lower than expected, prompting concerns over the recovery in the world’s second-largest economy. The country’s inflation rate declined to […]
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Temperatures cool in Japan, but inbound travel shows little signs of slowing down
Temperatures are cooling in Japan, but interest in visiting shows no signs of abating, as autumn arrivals continue to outpace pre-pandemic levels. The country welcomed 2.93 million foreign visitors in August, followed by another 2.87 million visitors in September — well above the 2.52 million and 2.27 million who arrived during those same months in […]
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S&P 500 futures are little changed following broad index’s best week of the year: Live updates
Traders work on the floor of the New York Stock Exchange during the morning trading on Nov. 7, 2024. Michael M. Santiago | Getty Images Stock futures are near flat Sunday night as Wall Street looks to what’s next after a post-election rally propelled the market to record highs. Futures tied to the Dow Jones […]
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This wind stock tanked after Trump’s win. Analysts now say buy the dip, giving it major upside
Shares of Vestas Wind Systems tanked on the news that Donald Trump had won the 2024 presidential election. Investors dumped shares of the world’s largest wind turbine maker as Trump has vowed to curtail renewable energy subsidies and favors the oil and gas sector. Other European renewable energy firms, such as wind farm operator Orsted […]
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Nomura names Japanese stocks that trade like bitcoin — and analysts give one over 80% upside
Investment bank Nomura has screened for Japanese stocks with “high bitcoin price sensitivity,” following a surge in the cryptocurrency’s price. The bank noted that “stocks of exchange operators plus semiconductor, IT, and nonferrous names track BTC but are currently lagging.” It comes as analysts say bitcoin prices could hit $100,000 by the end of the […]
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Over $2.8 billion bet on bitcoin topping $90,000 as it hits all-time high
Jakub Porzycki | Nurphoto | Getty Images Bitcoin reached a fresh all-time high near $81,000 and futures premiums soared, in a clear sign that investors believe the record-run in the world’s largest cryptocurrency is poised for even more gains on the back of U.S. elections that saw a swell of pro-crypto candidates win office. Open […]
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The 2 things that will drive the stock market after last week’s Trump-Fed rally
President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. Drew Angerer | Getty Images Talk about an eventful week. Normally, when the Fed cuts interest […]
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Trump ‘most likely’ needs 60 votes in Senate to enact tariff plan, Sen. Rick Scott suggests
Chip Somodevilla | Getty Images President-elect Donald Trump proposed sweeping new tariffs while on the campaign trail. The self-proclaimed “Tariff Man” has said he could impose such levies on U.S. imports without Congress’ approval. There’s debate among economists and other experts as to whether he could do so. Sen. Rick Scott, R-Fla. — one of […]
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Fed’s Kashkari says Trump tariffs could reheat inflation if they provoke global trade ‘tit for tat’
Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 7, 2024. David Swanson | Reuters Minneapolis Federal Reserve President Neel Kashkari said Sunday that President-elect Donald Trump’s tariff proposals could worsen long-term inflation if global […]
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What Trump’s mass deportation plan would mean for immigrant workers and the economy
President-Elect Donald J. Trump won the White House based partly on his promises to rein in immigration, with targeted policies that range from sending criminals to their home countries to more sweeping ones like mass deportations. During the campaign, Trump pledged to end the Temporary Protected Status that allows workers from select countries to come to […]
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