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Added on the 14/11/2017 20:51:03 - Copyright : Wochit
Stocks closed mostly lower on Thursday, giving up a 1-percent rally after the Fed did not raise interest rates after its September meeting. Bobbi Rebell reports.
On Tuesday, global stocks jumped after Donald Trump authorized President-elect Joe Biden's presidential transition process to begin. On Monday, Trump took a significant step toward acknowledging the election result. However, Business Insider reports, he is still convinced he and his allies can continue to contest the outcome. Another key factor driving the boost is Biden's planned nomination for former Federal Reserve chair Janet Yellen as Treasury Secretary. AstraZeneca's vaccine is helping drive oil prices to their highest levels since March.
A Credit Suisse analyst says that if Joe Biden wins the US presidential election in November, it could spur a 'knee-jerk' pullback in the stock market of 5%. According to Markets Insider, senior investment strategist Suresh Tantia said that was due to the Democratic nominee's stance on corporate taxes. However, Tantia said investors should look at such a pullback as a buying opportunity, as Fed support will keep driving markets after the election. The central-bank support is not going anywhere. The Fed is going to keep rates lower for longer, similar to other central banks. Suresh Tantia, Senior Investment Strategist Credit Suisse Tantia's tip for traders? Investors should seek out equities in Asian markets, as they are cheaper than US stocks and have strong earnings.
Bob Ladouceur, entraîneur de football américain, prend en charge l'équipe du lycée de La Salle Spartans, qui, depuis sa création (1965) n'avait jamais connu de victoire. De 1992 à 2004, il l'emmène au plus haut, en explosant le record national avec 151 victoires...
U.S. stocks had a terrible Tuesday, after a drop in both oil prices and consumer confidence unnerved investors. Bobbi Rebell reports.
Asian markets falling on Tuesday to multi-year lows alongside a global sell-off prompted by soft commodity prices and increased pressure from the slowing Chinese economy. Ryan Brooks reports.
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