By Jody Godoy (Reuters) – Donald Trump will likely dial back some of the antitrust policies pursued under the administration of President Joe Biden, potentially including a bid to break up Alphabet’s Google over its dominance in online search, experts said. Trump is expected to continue cases against Big Tech, several of which began in …
Trump expected to shift course on antitrust, stop Google breakup Read More »
By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court grappled on Wednesday over a bid by Meta’s Facebook to scuttle a federal securities fraud lawsuit brought by shareholders who accused the social media platform of misleading them about the misuse of its user data. The justices heard arguments in Facebook’s appeal of a lower court’s …
US Supreme Court mulls Facebook bid to escape securities fraud suit Read More »
(Reuters) -Shares of pot companies slid on Wednesday after a ballot measure to legalize the recreational use of marijuana in Florida failed to get the required majority to pass, even as the firms invested millions in a campaign to tap the lucrative market. Toronto-listed shares of Canopy Growth and Trulieve Cannabis tumbled 20.4% and 44.2%, …
Pot stocks dive as Florida rejects legalization of recreational marijuana Read More »
(Reuters) – The dollar surged and U.S. stock futures hit record highs as investors bet on lower taxes and higher interest rates as Republican Donald Trump was elected U.S. president four years after he was voted out of the White House. MARKET REACTION AT 1008 EST * The S&P 500 <.SPX> rose 1.7%, the small …
‘Trump trades’ surge after Donald Trump elected president Read More »
(Reuters) -American Electric Power is considering more asset sales to help fund its five-year $54 billion capital expenditure plan, which has jumped by 25% from the previous plan, company executives said on Wednesday. AEP is also considering cutting layers of management and various equity strategies to reduce costs and raise capital to fund its build-out …
AEP mulls more asset sales to fund capex plan boost Read More »
(Reuters) -Shares of Super Micro Computer tumbled more than 24% to hit a near 18-month low on Wednesday as an unclear timeline for its annual report along with weak quarterly forecasts fanned investor worries about the AI-server maker. The company’s auditor Ernst & Young unexpectedly stepped down last week after earlier highlighting some concerns over …
Super Micro slumps as weak forecast, annual report uncertainty fuel investor angst Read More »
By Dan Burns (Reuters) -U.S. presidential elections are all about “the economy, stupid”, said Bill Clinton’s strategist James Carville in 1992. And for American voters who cared more about the economy than other issues – and the nearly half who said they are worse off financially than four years ago – their choice for the …
Hey stupid, it wasn’t just the economy. It was inflation Read More »
By Jorge Otaola BUENOS AIRES (Reuters) -Argentina’s dollar bonds jumped in early trade on Wednesday and the country’s risk index dropped sharply, with investors cheering the prospect of closer ties between libertarian President Javier Milei and newly-elected U.S. ally Donald Trump. Sovereign bonds advanced an average 2.5% in early trading, while the risk index, a …
‘Two crazy people’: Argentina bonds pop as investors cheer Milei-Trump prospect Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan Donald Trump’s surprisingly comprehensive victory in the U.S. Presidential election has electrified the U.S. dollar – possibly to his own chagrin – and the U.S. currency is eyeing its biggest one-day gain in two years. Even before official results were in, …
Morning Bid: Resounding Trump win sees dollar soar Read More »
By Lewis Krauskopf (Reuters) – With Donald Trump heading back to the White House, Wall Street is anticipating the potential for lower taxes, deregulation and a U.S. president who is quick to sound off on everything from the stock market to the dollar. Trump made tariffs and tax cuts key elements of his pitch to …
Analysis-Wall Street girds for Trump 2.0: Tariffs, tax cuts and volatility Read More »
