Boeing has won a $10bn (£7.8bn) order for 737 Max jets in the first deal secured by the US manufacturer since the end of a seven-week strike. Dublin-based aircraft leasing firm Avia has struck a deal with Boeing for 80 jets, coming as a boost for the US company following …
Read More »Chinese Stocks, Yuan Fall as Trump’s Cabinet Picks Add to Woes
(Bloomberg) — Chinese stocks and the yuan slumped as fears of worsening Sino-American tensions further undermined investor confidence after a slew of disappointing economic developments. Most Read from Bloomberg The Hang Seng China Enterprises Index tumbled more than 3%, poised for its biggest one-day loss in nearly a month. The …
Read More »Asian Shares Drop as Traders Weigh Trump Agenda: Markets Wrap
(Bloomberg) — Most Asian shares fell as traders weighed the impact of president-elect Donald Trump’s likely policy agenda and the stronger dollar on regional economies. Most Read from Bloomberg The MSCI Asia Pacific Index slipped for a third day as Treasury yields rose, threatening to lure funds back to US …
Read More »Record-breaking bitcoin rally nears $90,000 on Trump boost
By Tom Westbrook SINGAPORE (Reuters) – Bitcoin stood on the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald Trump as U.S. president on expectations his administration will be crypto friendly. The world’s biggest cryptocurrency has become one of the most eye-catching movers in …
Read More »JPMorgan says to watch this market threshold for when the Trump bump in stocks may end
Brandon Bell/Getty Images; iStock; Rebecca Zisser/BI The stock market is hovering near record highs after getting a boost from Donald Trump’s election win. Bonds, meanwhile, have seen a sharp sell-off since the election. For signs of Trump-trade fatigue, investors should watch the 10-year Treasury yield, JPMorgan says. With market enthusiasm …
Read More »3 Technology Stocks to Buy Hand Over Fist in November
Over the past year, artificial intelligence (AI) has captivated companies and investors, showing the potential to drive the next wave of economic growth. Among the prospective beneficiaries, a few standout companies seem well positioned to capitalize on the AI boom — and, importantly for investors, still maintain relatively reasonable valuations. …
Read More »Trump could dial back some proposed policies to avoid upsetting a roaring stock market, Wharton professor Jeremy Siegel says
Former President Donald Trump basked in the near inevitability of his return to the White House.Chip Somodevilla/Getty Images Trump could soften his economic agenda to appease investors, Wharton’s Jeremy Siegel said. That’s because Trump is “the most pro-stock market president” in history, Siegel told CNBC. Bond market investors have thrown …
Read More »This Artificial Intelligence (AI) Software Stock — A 488% Gainer Since its IPO — Still Has Massive Upside, According to 2 Wall Street Analysts
One of the breakout stars of the artificial intelligence (AI) revolution is data analytics software company Palantir Technologies (NYSE: PLTR). Since its initial public offering in late 2020, Palantir shares have generated a 488% return as of market close on Nov. 7. But to be honest, Palantir’s journey hasn’t been …
Read More »Trump’s tax cuts could boost S&P 500 earnings by 20% over the next 2 years, Goldman Sachs says
Chip Somodevilla/Getty Images; Getty; Rebecca Zisser/BI Goldman Sachs says the S&P 500 could see earnings growth of more than 20% over the next two years. The bank cited Trump’s proposed tax cuts for corporations as an upside risk to its EPS forecast. It said each percentage-point cut in the tax …
Read More »Trump Presidency Puts Markets on Bullish Path
The post-election stock market rally that has been dubbed the “Trump trade” has the potential to extend well into next year, according to some market watchers. Beyond the initial market pop driven by investors interpreting the election of Republican Donald Trump as bullish for markets, Aniket Ullal, head of ETF …
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