Finance
China’s central bank affirms supportive monetary policy stance at closely watched meeting
Key Points The head of China’s central bank told a closely watched meeting Tuesday that the People’s Bank of China planned to maintain supportive monetary policy, state media said. The PBOC head added the central bank plans to “increase the intensity of counter-cyclical monetary policy,” state media said in Chinese, translated by CNBC. He was […]
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10-year Treasury yield rises with all eyes on the U.S. election
A specialist trader works inside a post on the floor at the New York Stock Exchange on Oct. 23, 2024. Brendan McDermid | Reuters Treasury yields rose in early trading Tuesday evening as investors awaited results from the tight presidential race between Vice President Kamala Harris and former President Donald Trump. The 10-year Treasury yield traded 7 […]
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Stocks making the biggest moves midday: Tesla, Coinbase, Wynn Resorts, Palantir and more
Check out the companies making headlines in midday trading: Trump Media & Technology — Shares of the Truth Social parent, which is majority owned by former President Donald Trump, climbed 12% on Election Day . The stock is viewed as a proxy for betting on the former Republican nominee’s likelihood of winning the race for […]
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Stocks making the biggest moves premarket: Trump Media, Hims & Hers, Palantir and more
Check out the companies making headlines before the bell. Trump Media & Technology — Shares of the TruthSocial parent, which has a majority ownership by Republican presidential candidate Donald Trump, climbed about 9% during premarket trading on Election Day . The stock has been seen as a proxy for betting on the former president’s likelihood […]
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Trump Media shares gain on Election Day as traders bet potential GOP candidate win will boost business
In this article DJT Follow your favorite stocksCREATE FREE ACCOUNT Republican presidential nominee and former U.S. President Donald Trump reacts at a rally in Las Vegas, Nevada, U.S. September 13, 2024. Piroschka Van De Wouw | Reuters Shares of Trump Media & Technology rose on Election Day Tuesday, with traders betting a second Trump presidency […]
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Chinese driver-assist startup announces $100 million in funding, touts ‘deep cooperation’ with Nvidia
Key Points Deeproute.ai, a Chinese startup developing autonomous driving systems, announced a $100 million funding round Tuesday from an undisclosed automaker, while emphasizing close ties with chipmaker Nvidia. Pitchbook data showed Chinese company Great Wall Motor led the investment. The startup is also in “deep cooperation” with Nvidia, Maxwell Zhou, CEO of DeepRoute.ai, told reporters […]
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China reviews plan to increase local government debt
Key Points A closely watched meeting of China’s parliament on Monday reviewed a proposal to raise the local government debt limit, according to state media. New debt would go toward replacing hidden debt, the report said, noting that Finance Minister Lan Fo’an spoke at the meeting on the plan. The standing committee of China’s National […]
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Stocks making the biggest moves after hours: Palantir, Wynn Resorts, NXP Semiconductors and more
Check out the companies making headlines after the bell : Palantir Technologies — Shares popped 13%. The software company surpassed Wall Street’s third-quarter estimates, posting adjusted earnings of 10 cents per share on $726 million in revenue. That beat the 9 cents per share and $701 million in revenue expected by analysts polled by LSEG. […]
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What the stock market typically does after the U.S. election, according to history
Traders work on the floor at the New York Stock Exchange on Oct. 24, 2024. Brendan McDermid | Reuters Stocks typically rise after a presidential election — but investors need to be prepared for some short-term choppiness first, history shows. The three major benchmarks on average have seen gains between Election Day and year-end in […]
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