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Business News

Location American Business News for 6 November 2024

U.S. Policy Could Be a Short-Run Driver for Oil Markets

Wall Street Journal - 6 Nov 2024 03:51
Brent crude oil futures were 0.5% lower at $75.14/barrel. Continued uncertainty around the outcome of the U.S. election was making oil prices jumpy, with U.S. foreign policy a potential driver for oil markets near term, ...
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Bitcoin jumps above $71k as markets await US election results Memecoins DOGE and SHIB have outperformed on US election day as US citizens cast their ballots.
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Planet Fitness submits last minute bid to acquire UK fitness chain On Friday, in the closing hour of the deal's 48-hour challenge period, Planet Fitness submitted two competing bids to acquire Blink, a source close to the matter told The Post.
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Stock futures surge and these areas 'likely market winners' as Republicans may sweep U.S. stocks appeared set to rally Wednesday after Donald Trump won the U.S. election.
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Bank stocks soar after Donald Trump's election victory

Business Insider - 6 Nov 2024 15:59
Bank stocks soar after Donald Trump's election victory Shares of the biggest US lenders soared Wednesday after the election, as markets eye looser regulation to help drive profits in a second Trump term.
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Oil prices retreat after Trump win sends dollar soaring Oil futures fell Wednesday, feeling the heat from a sharp rise in the U.S. dollar after former President Donald Trump won the U.S. presidential election.
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Trump Media Stock Surges on Election Result

The New York Times - 6 Nov 2024 14:44
Trump Media Stock Surges on Election Result Shares in Trump Media were among the most actively traded in the United States after the election was called.
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Cambridge semiconductor company at Forefront of investors’ thoughts A Cambridge semiconductor company has defied the tough funding environment for early-stage businesses by securing £16m to fuel its expansion.
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Government Bond Yields Rise as Markets Sense Trump Can Win

Wall Street Journal - 6 Nov 2024 03:54
Government bond yields and the U.S. dollar were higher. Money markets were getting back on the Trump trade as early results in the U.S. election were declared, JB Were said.
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Chinese Shares Open Higher Ahead of U.S. Election Results

Wall Street Journal - 6 Nov 2024 02:54
Chinese shares opened higher on U.S. election day as investors watched closely for the results of the next U.S. president.
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Gold Steady as Traders Await U.S. Election Results

Wall Street Journal - 6 Nov 2024 01:59
Gold was steady in the early morning Asian session as traders awaited U.S. presidential election results.
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Truth Social parent Trump Media posts third straight quarterly loss Shares of Trump Media have seen wild swings in recent days with the stock serving as something of a proxy for Trump's chances of election.
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Elon Musk Helped Elect Trump. What Does He Expect in Return?

The New York Times - 6 Nov 2024 23:57
Elon Musk Helped Elect Trump. What Does He Expect in Return? The world's richest man gave his money and time in campaigning for the president-elect and now is putting in his requests for a friendlier regulatory environment.
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6 ways a second Trump presidency will affect home buyers and sellers As housing costs soar, what does a Donald Trump presidency mean for the real-estate industry?
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Kamala Harris Concedes the 2024 Presidential Election It wasn't the speech that Vice President Kamala Harris hoped to give. The Democratic presidential candidate addressed supporters outside of Howard University at 4:26 p.m. ET on Wednesday and conceded the election to her ...
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Company behind cash-advance app takes Election Day roller-coaster ride Los Angeles-based Dave got sued Tuesday by the Federal Trade Commission. Its stock price briefly plunged before soaring in the wake of Donald Trump's election.
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Harris concedes election, saying she promised Trump a peaceful transfer of power Vice President Kamala Harris publicly conceded the 2024 election to former President Donald Trump in a Wednesday afternoon speech.
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Dow transports finally break out. Here's what the Dow theory says that means. Dow transports and Dow industrials closed at records simultaneously for the first time in three years on Wednesday.
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What Trump's victory means for the Supreme Court

Business Insider - 6 Nov 2024 23:48
What Trump's victory means for the Supreme Court There's no indication of an impending court vacancy. But with Trump's win, Republicans will be in the driver's seat in making an appointment.
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Bitcoin surged off Trump's win - but these smaller cryptos could benefit even more A weekly look at the most important news and moves in crypto, and what's on the horizon in digital assets.
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From no federal aid to the threat of a tariff war or retaliation, the entertainment industry could be in for a bumpy ride under the incoming Trump presidency.
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A handful of billionaires saw their net worth rise by a combined $53 billion on Wednesday, driven by a euphoric post-election rally in the stock market.
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