Election Betting and Market Reactions Investor sentiment appears to be significantly influenced by shifting political dynamics. Bets on Trump’s victory in November election surged, with a Predict It contract betting on his win rising to 68 cents, implying a 67% chance of success, up from 60 cents on Friday. Conversely, contract for President Joe Biden’s […]
Opinion: A Ray of Hope for Americans as Inflation Slows After three years of grappling with rapidly rising prices, Americans finally received some encouraging news on inflation front. latest Consumer Price Index (CPI) report from Bureau of Labor Statistics shows a modest decline, sparking hope for economic relief. CPI, a key measure of average change in prices for a
Recessions are a recurring theme in US economy, surfacing roughly every five years since World War II. Although they typically last just over 11 months, their impacts are profound. As we approach end of 2024, signs suggest that another economic downturn is imminent, with dire predictions for 2025. According to BCA Research, S&P 500 could plunge by 32%,
Stocks surged to new highs on Wednesday’s holiday-shortened session, driven by investor optimism for a potential rate cut in September. Despite weak economic data, both the S&P 500 and Nasdaq achieved fresh records, reflecting a bullish sentiment in the market. The S&P 500 rose approximately 0.5%, reaching a new high of 5,537, while the tech-heavy
Election Results: A Breakdown Party/Coalition Vote Percentage Projected Seats (Range) National Rally 33% 240-310 New Popular Front 28% 150-200 Renaissance Party 20% 70-120 In a stunning turn of events, President Emmanuel Macron’s decision to call a snap election has backfired spectacularly, propelling the far-right National Rally to a historic victory. This outcome signifies a seismic
In a dynamic trading session on Thursday, U.S. stocks experienced slight gains despite turbulence in semiconductor sector. overall market’s resilience, particularly led by tech stocks, contrasted with lagging performance of financial institutions amid ongoing economic uncertainties. Stock Market Performance Index Change Nasdaq Composite +0.3% S&P 500 +0.1% Dow Jones Industrial Average +0.1% Nasdaq Composite showed
Stock futures are flat as the market set to enter last week of June near a record: Live updates  CNBC
Wall Street’s recent ascent to record highs has been characterised by remarkably low volatility. S&P 500 has gone an impressive 377 days without a sell-off of 2.05% or more, longest such stretch since the financial crisis, according to FactSet data compiled by CNBC. Additionally, index hasn’t seen a gain of at least 2.15% during this
Nvidia remains a little-known brand despite briefly passing Apple, Microsoft in market cap  CNBC Why Is Nvidia Stock Down? 8% Midday Drop Wipes Out $277 Billion  Forbes Microsoft and Nvidia are now the world’s most valuable companies. How Intel—once the top chipmaker—blew its shot to be one of them  Fortune How a company whose name you probably can’t
San Francisco home in trendy nabe hits market for $488K — but buyers can’t move in until 2053  New York Post
