U.S. stock futures rallied as Donald Trump appeared to defeat Vice President Kamala Harris in one of the most contentious elections in U.S. history. Dow Futures Spike: 3:30 a.m. ET Dow futures spiked over 1,000 points, before pulling back, as Trump took the stage at his headquarters in Florida, thanking his supporters and promising to … Read more
Washington Post owner Jeff Bezos reportedly put the kibosh on the paper endorsing Vice President Kamala Harris in the upcoming election — leading to one editorial board member to quit and backlash from its left-leaning staff. The Beltway broadsheet said Friday that it will not endorse either candidate, breaking 36 years of tradition, following a … Read more
U.S. stocks are bouncing back, and calm is returning to Wall Street after Japan’s market soared earlier Tuesday to claw back much of the losses from its worst day since 1987. The S&P 500 was rallying by 1.6 per cent in midday trading and on track to break a brutal three-day losing streak. It had tumbled a bit more … Read more
Wall Street fell the most in nearly two years, continuing a global rout in financial markets as fears worsen that the U.S. economy is slowing down. The S&P 500 fell three per cent on Monday. The Dow Jones industrial average dropped more than 1,000 points and the Nasdaq composite slid 3.4 per cent. The declines were just the latest … Read more
Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation. The S&P 500 fell 1.8 per cent on Friday for its first back-to-back loss of at least one per cent since April. The Dow Jones industrial average lost 1.5 per cent, and the Nasdaq composite … Read more
Warren Buffett, the legendary US investor known as the Oracle of Omaha, says that you should never bet against America. This adage from the revered 93-year-old billionaire has held true recently. Wall Street has been hitting record highs: the Dow Jones Industrial Average recently topped 40,000 for the first time ever. So can small investors … Read more
U.S. stocks reached new highs last week as the rally broadened on lower bond yields and better earnings reports. The S&P 500 ended the week at 5,234.18, up 2.3%; the Dow Jones at 39,475.90, up 1.98%; the tech-heavy Nasdaq at 16,428.82, up 2.9%; and the small caps Russell 2000 at 2,072.00, up 1.60%. This time, … Read more
