Markets U.S. shares staged a dramatic comeback yesterday, led by banks and healthcare stocks as investors bet on the prospect of less regulation under a Trump administration, while Treasury yields rose to their highest level since January. The broad move … Continue reading
Markets Donald Trump has been elected the 45th president of the United States, beating his opponent Hillary Clinton as well as a raft of pre-election polls. “Now it’s time for America to bind the wounds of division,” he said in … Continue reading
Markets The race for the White House will come to an historic conclusion tonight. Most voting stations on the U.S. east coast will open their doors at 7 a.m. ET, with the key battleground states of Pennsylvania, North Carolina and … Continue reading
Markets U.S. futures and the dollar are posting big gains, along with shares across the globe, as bullish sentiment returned to Wall Street following the largest streak of losses on the S&P 500 since 1980. “Based on our review, we … Continue reading
Markets The global stock selloff has extended into Friday trading as crude oil holds near one-month lows and investors shun riskier assets ahead of next week’s election. “One thing markets are not particularly good at pricing is political risks,” said … Continue reading
Markets S&P 500 has fallen in seven straight sessions through Wednesday, the first time the large-cap index has done that since 2011. Yet even amid all of the declines, the S&P has fallen less than 2.5% in the past seven … Continue reading
Markets With voters set to choose a new president and Congress in five days, the Fed will likely keep a low profile when it winds down its two-day meeting today amid a tumultuous U.S. election campaign. While no action is … Continue reading
Markets U.S. futures are heading higher despite nervous sentiment in the market that saw stocks finish yesterday on a flat note. Many investors switched into caution mode amid new U.S. political uncertainties and ahead of a week filled with earnings … Continue reading
Markets Banking on a recovery in crude prices, General Electric (NYSE:GE) is merging its oil and gas business with Baker Hughes (NYSE:BHI), creating a large, listed player, that could compete with rivals like Schlumberger (NYSE:SLB). GE will own 62.5% of … Continue reading
Markets Crude futures are largely unchanged at almost $50 a barrel ahead of an OPEC technical meeting which starts in Vienna today. But oil prices are set for their biggest weekly loss since mid-September on concerns that member nations won’t … Continue reading