Category Archive: Finance, No picture
Tesla Stock Jumps 15% As Trump Wins US Election
Image Source: Unsplash Tesla stock rebounded by 3.5% in regular trading, breaking a losing streak. The S&P 500 has outperformed Tesla with a 21.2% gain year-to-date. Trump and Musk rally support for a $2 trillion federal budget cut plan. Following Donald Trump’s election victory over Kamala Harris, Tesla shares surged by 15% in premarket trading […]
NZD/USD Trends Lower After Trump Victory And Weak NZ Employment Data
Image Source: Unsplash NZD/USD declines after Trump wins the US presidential election, boosting USD. The Kiwi Dollar is further hampered by weak NZ labor market data showing a rise in joblessness. NZD/USD could fall further if the policy trajectories of the two central banks diverge. NZD/USD trades down by over three quarters of a percent […]
Crypto policy gains momentum as pro-crypto candidates sweep Congress
Key Takeaways Pro-crypto candidates have secured a majority in the US Congress with 247 representatives. The crypto industry contributed $206 million to election campaigns, primarily supporting Fairshake. Share this article Crypto policy takes center stage during the US elections as approximately 69% of newly elected officials support digital assets, according to updated data from Coinbase’s […]
Why Is Gold Surging?
Image Source: Unsplash Record deficit spending, soaring money supply, and inflation are among the likely responses we would hear from investors to the question of why gold is surging. Instead of presuming those or other market narratives about gold prices are correct, let’s analyze historical correlations between gold and economic and market data.In addition to helping […]
CVS Reports Mixed Q3 Results: Revenue Beats Forecast, Earnings Decline
Image Source: Unsplash CVS Health Corporation (NYSE: CVS) has reported its financial results for the third quarter of 2024, showcasing an increase in total revenues but a notable decline in earnings. The company’s total revenues for the quarter reached $95.4 billion, marking a 6.3% increase compared to the same period last year.This growth was primarily driven by the […]
Will NextEra Energy Partners Slash Its Dividend?
Image Source: Unsplash NextEra Energy Partners (NEP) was a dividend growth superstar for almost a decade. The company increased its dividend every quarter by 3% to 4%, giving 15% annual dividend growth. The average yield of 4% or so put NEP’s yearly compound total returns in the very high teens. However, the way NEP structured the debt […]
Tesla Stock Jumps 14%+ As Trump Announced 2024 Election Winner
Tesla shares surged over 14% in pre-market trading following Donald Trump’s election victory.In the wake of the U.S. presidential election results, Tesla (TSLA) shares experienced a significant uptick, reflecting investor optimism tied to political developments. The electric vehicle giant saw its stock rise over 15% in pre-market trading on November 6, 2024, following the announcement of former President […]
Massive Rally In The S&P 500 If The Key Level Holds Up
Image Source: Unsplash As the markets brace for both the U.S. election and an FOMC meeting this week, investors are closely watching the S&P 500 to see if it will hold above the critical 5,700 level. This threshold could be the difference between a new bullish uptrend or a prolonged trading range. Here’s what you need […]
US Dollar Soars And US Rates Jump
Shortly after the North American markets closed, before any results were known, the market jumped back into the “Trump trade,” which it had pared on Tuesday. The dollar and US interest rates soared. The euro is the hardest hit among the G10 currencies today, off about 1.6% and the Canadian dollar, the best performer with […]
AUD/USD Rebounds From Multi-month Low, Finds Support Ahead Of 0.6500 Mark
The AUD/USD pair trims a part of heavy intraday losses and recovers around 70-75 pips from the vicinity of the 0.6500 psychological mark, or its lowest level since August 8 touched earlier this Wednesday. Spot prices, however, remain deep in negative territory through the first half of the European session and currently trade just below the […]
