Here are five key things investors need to know to start the trading day: 1. Back on track 2. Boom time for banks Exterior view of JPMorgan Chase & Co. branch on January 14, 2025 in New York City, New York. JPMorgan Chase & Co. is scheduled to release earnings figures on January 15. Kena…
To get John Authers’ newsletter delivered directly to your inbox, sign up here. One thing we’ve known about Donald Trump since he entered politics: He really likes tariffs. For him, trade is a zero-sum game, and the US should use tariffs to make sure it gets its fair share. Source link
Financial markets gave investors a lot to ponder during the Thanksgiving holiday-shortened week. US stocks closed out the week at record highs on Friday, propelled by technology stocks, while Treasury yields declined and the dollar slipped, reversing eight straight weeks of gains. There was plenty of good news for markets. Wall Street was optimistic about…
JPMorgan Chase CEO Jamie Dimon has been communicating with Donald Trump in recent months through secret back channels, helping the president-elect hammer out a policy agenda before and since his decisive White House victory, The Post has learned. The 68-year-old Wall Street titan — who, like 78-year-old Trump, grew up in Queens in New York…
Good morning, Quartz readers! HERE’S WHAT YOU NEED TO KNOW Elon Musk is mad he didn’t get an invite to California’s upcoming EV party. The Tesla CEO is upset that market share limitations on a tax credit in the works would block his company from the benefit. Donald Trump’s best and worst cabinet picks, according…
US stocks opened mostly higher on Tuesday as investors weighed President-elect Donald Trump’s threat to impose fresh tariffs on China, Canada, and Mexico, with Federal Reserve minutes on deck. The S&P 500 (^GSPC) inched up roughly 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) jumped about 0.4%. The Dow Jones Industrial Average (^DJI) lagged, dropping 0.3%…
Municipal bonds jumped on Monday, following gains in the US Treasury market after Scott Bessent was named as President-elect Donald Trump’s nominee for Treasury secretary, with traders betting the hedge fund manager will bring a Wall Street mindset to the role. Benchmark state and local government yields fell by as much as 7 basis points…
In a positive day for US stocks (^DJI, ^IXIC, ^GSPC), the Russell 2000 small-cap index (^RUT) broke to a record high above 2,450, the index’s first record close since 2021. The Dow Jones Industrial Average also closed at a new record high in this session. Market Domination Overtime host Julie Hyman and Yahoo Finance markets…
President-elect Donald Trump’s Treasury secretary pick, Scott Bessent, was expected by some to reignite the post-election rally that led to one of the best post-election equity rallies of all time. Bessent was the consensus pick on Wall Street, which perhaps contributed to why Elon Musk called him the “business-as-usual” candidate for the job. Stocks rose…
It’s the first day of this shortened trading week — for Thanksgiving — and stock futures are already buzzing on President-elect Donald Trump’s decision to nominate Scott Bessent as the US Treasury secretary. Seana Smith and Brad Smith tackle several of this morning’s biggest market stories ahead of the opening bell. Freedom Capital Markets Chief…