Month: November 2024
Oil could plunge to $40 in 2025 if OPEC unwinds voluntary production cuts, analysts say
A pump jack in Midland, Texas, US, on Thursday, Oct. 3, 2024. Anthony Prieto | Bloomberg | Getty Images Oil prices may see a drastic fall in the event that oil alliance OPEC+ unwinds its existing output cuts, said market watchers who are predicting a bearish year ahead for crude. “There is more fear about […]
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This SpaceX-competitor’s stock has bounced back postelection and analysts love it
Shares of satellite startup AST SpaceMobile have made a strong comeback, regaining their losses following President-elect Donald Trump’s recent victory. The Texas-headquartered company is considered a challenger to Elon Musk’s SpaceX, which makes Starlink satellites. AST SpaceMobile says it is building “the first and only space-based cellular broadband network.” It launched five satellites in collaboration with […]
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Dogecoin surges 20% after Trump announces a Department of Government Efficiency — DOGE
Dogecoin shot higher on Tuesday night, extending its postelection surge after President-elect Donald Trump formally announced the creation of the Department of Government Efficiency, which he referred to as “DOGE” in his statement. Tesla CEO Elon Musk and Vivek Ramaswamy, former Republican presidential candidate and Strive Asset Management co-founder, will lead the department, Trump said […]
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A new luxury sleeper train is launching in England and Wales — here’s what a trip will cost
LVMH-owned luxury hospitality company Belmond will launch a luxury sleeper train next year that will take travelers through the countryside of England and Wales. The Britannic Explorer will run three itineraries: one to the southwestern county of Cornwall and the other to the opposite end of England through the Lake District of Cumbria in the […]
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Trump says Musk and Ramaswamy will lead government efficiency group
Elon Musk embraces Donald Trump during a campaign rally in Butler, Pennsylvania on Oct. 5, 2024. Anna Moneymaker | Getty Images President-elect Donald Trump said Tuesday that Elon Musk and former Republican presidential hopeful Vivek Ramaswamy will lead an efficiency group when his second term begins in January. Trump wrote in a post that the […]
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Asia-Pacific markets to open lower after Wall Street postelection rally fizzles
The momentum in Japan markets were largely driven by the country’s technology and financial sector. Doctoregg | Moment | Getty Images Asia-Pacific stock markets were set to open lower Wednesday, tracking losses on Wall Street as the U.S. postelection rally stalled overnight. Asian traders will assess Japanese corporate goods data, set for release later in […]
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Morgan Stanley fund manager picks 3 stocks to buy following Trump’s win
U.S. President-elect Donald Trump’s election win has sent shock waves through the stock market and left investors scrambling to work out which sectors — and stocks — are set to benefit. Aaron Dunn, portfolio manager at Morgan Stanley’s U.S. Value Fund , noted the “great deal of volatility” in markets following the election result, as […]
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RFK Jr.’s website is crowdsourcing Trump appointee suggestions
Robert F. Kennedy Jr. and Republican presidential nominee and former U.S. President Donald Trump attend a campaign event sponsored by conservative group Turning Point USA, in Duluth, Georgia, U.S., October 23, 2024. Carlos Barria | Reuters Robert F. Kennedy Jr. doesn’t just want a top health-care position in the Trump administration, he wants your suggestions […]
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Spotify shares pop on better-than-expected profit forecast
The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange on Dec. 4, 2023. Brendan Mcdermid | Reuters Spotify shares rose in extended trading Tuesday after the Swedish music streaming company issued a profit forecast for the fourth quarter that topped estimates. Here’s how the company did, compared […]
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Stocks making the biggest moves after hours: Spotify Technology, Cava, Rivian Automotive and more
Check out the companies making headlines in extended trading. Spotify Technology – Shares of the music-streaming service jumped about 8%. Total monthly active users for the third quarter came in at 640 million, reflecting an 11% jump from a year earlier and beating FactSet consensus estimates of 639.0 million. Still, Spotify fell short of the […]
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