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Global shares climbed up on Monday, buoyed by a weakened yen and the fallout from Japan’s recent parliamentary elections, which saw the ruling party lose its majority in the lower house. In Europe, France’s CAC 40 rose 0.7 percent to 7,552.94, while Germany’s DAX went up by half a percent to 19,549.65. The UK’s FTSE…
Jeff Bezos’s newspaper The Washington Post decided not to endorse a presidential candidate. The billionaire has been less prominent in the election than Elon Musk — but still has much at stake. Bezos’s Blue Origin is working with NASA and the Pentagon as it plays catch-up with Musk’s SpaceX. Thanks for signing up! Access your…
Two days after the Republican vice presidential nominee crossed a picket line set up by striking workers producing this publication, the sitting U.S. president, who walked a picket line with striking autoworkers last summer, arrived in Pittsburgh to praise organized labor. President Joe Biden didn’t hurl the word “scab” during his remarks to a group…
Former Soviet nation Georgia’s ruling party claimed victory in a contentious election that hands Russian President Vladimir Putin a major boost, however opposition parties have called foul on the results. Georgia’s Central Election Commission declared the ruling party Georgian Dream the victor of the closely fought and observed election with a 52.99 percent majority, but…
US stocks will drop 5% in the coming weeks, BTIG’s Jonathan Krinsky said. The swings being seen in the dollar and bond market have historically preceded stock sell-offs, he said. Krinsky also sees the market as set up for a “sell the news” event related to the election. Thanks for signing up! Access your favorite…
Emerging markets stocks are set for their worst monthly decline since January. The slump comes as investors price in higher odds of a Trump win in the upcoming US election. Trump has pledged to drastically raise import tariffs to as high as 20%, and up to 60% for China. Thanks for signing up! Access your…
MINNEAPOLIS — Minnesota Gov. Tim Walz is trading barbs with billionaire and X owner Elon Musk. During a rally in Madison, Wisconsin with former President Barack Obama on Tuesday, the Democratic vice presidential candidate jokingly referred to Musk as the “running mate” of former President Donald Trump. “Seriously, where is Sen. Vance after he got asked…
Bill Gates said he donated millions to a pro-Harris super-PAC, three sources told The New York Times. He reportedly donated $50 million to Future Forward’s nonprofit arm, which doesn’t disclose donors. The billionaire didn’t confirm or deny this, but told the Times this election was “different.” Thanks for signing up! Access your favorite topics in…
The S&P 500 has enjoyed a bull market since October 2022, rising nearly 70%. LPL Financial’s Quincy Crosby expects the rally to continue into 2025. Don’t worry about election volatility: earnings are strong, and a soft landing looks likely. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the…