Trump Media & Technology Group stock (DJT) leaped as much as 15% Friday and was briefly halted for volatility after Donald Trump said he would not sell his shares in the company, the home of Trump’s social media platform, Truth Social. Shares pared gains to around 9% shortly after his …
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Rivian (RIVN) reported third quarter revenue that missed the mark and a wider-than-expected loss as the pure-play adventure electric vehicle maker was burdened by a supplier parts issue. Though the company now projects a wider loss than expected for the year, it maintained its full-year delivery forecast and still sees …
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Paramount Global (PARA) reported third quarter earnings before the bell on Friday that showed further improvement in its streaming business it gets ready to combine with Skydance Media. The media giant posted its second quarter of profit in a row for the segment. For the first nine months of the …
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US stocks struggled to hold near record highs on Friday, with the Nasdaq slipping as post-election euphoria ebbed and China’s latest stimulus plan fell flat. S&P 500 futures (ES=F) slipped 0.1%, while those on the tech-heavy Nasdaq 100 (NQ=F) dropped roughly 0.3%. Dow Jones Industrial Average (YM=F) futures hugged the …
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Between March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, money market account (MMA) interest rates rose sharply. However, the Fed slashed the federal funds rate by 50 basis points in September. So deposit rates — including money market account rates — …
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SINGAPORE/SHANGHAI (Reuters) – China top legislative body approved a bill on Friday to allow local governments to issue 6 trillion yuan ($838.8 billion) in bonds to swap for off-balance sheet or “hidden” debt over three years, as policymakers sought to spur the sluggish economy. The standing committee of the National …
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(Reuters) – Futures tracking the benchmark S&P 500 (ES=F) were trading above the 6,000-point mark on Friday, with equity markets set for an upbeat end to an action-packed week that saw Donald Trump recapture the U.S. presidency and the Federal Reserve cut rates. Futures for all three major indexes were …
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Federal Reserve Chair Jerome PowellSamuel Corum/Getty Images Indexes rose Thursday to continue a post-election rally after the Fed cut interest rates. The Fed cut rates by 25 basis points, a smaller move compared to its September meeting. The central bank appears slightly more focused on inflation as CPI data remains …
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By Tom Westbrook and Samuel Shen SINGAPORE (Reuters) – Asia and even China are shaping up as surprisingly resilient investment markets as Donald Trump returns to the White House, with fund managers optimistic the region can withstand tariffs better than Europe. Investors say Asia’s exporters and supply chains have been …
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(Bloomberg) — After an initial stampede into “Trump Trades,” investors in some asset classes are tapering their enthusiasm as they question whether Donald Trump will push through his ambitious tariff proposals as US president. Most Read from Bloomberg The dollar reversed much of its post-election surge by Thursday’s close, and …
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