Crypto Cash Fueled 53 Members of the Next U.S. Congress
The Fairshake PAC flooded money into political campaigns — in one case $40 million — and the new faces join an already hefty group of lawmaker allies.
Oil rises on fears about Lebanon, further OPEC+ supply cuts
NEW YORK (Reuters) -Oil prices rose more than 2% on Tuesday as Israel threatened to attack the Lebanese state if its truce with Hezbollah collapses, and as investors positioned for OPEC+ to announce an extension of supply cuts this week. Brent crude futures posted their biggest gains in two weeks, rising by $1.79, or 2.5%, to settle at $73.62 a barrel. Israeli forces have continued strikes against what they say are Hezbollah fighters ignoring last week's truce agreement in Lebanon.
Nasdaq, S&P 500 post record closing highs; investors await more data
NEW YORK (Reuters) -The S&P 500 and Nasdaq eked out record closing highs on Tuesday, with tech-related shares extending recent gains as investors awaited further jobs data. The Dow finished slightly lower on the day. Among S&P 500 sectors, technology, communication services and consumer discretionary were the only gainers, extending their advance on Monday.
South Korea lifts martial law, relieving some market uncertainty
NEW YORK (Reuters) -A surprise declaration of martial law in Korea that had sent the won plummeting and gave U.S. Treasuries a brief safe-haven boost was lifted on Tuesday, removing one source of geopolitical jitters for world markets to contend with. The move gave a modest boost to U.S. stocks, which were otherwise muted and range-bound for much of the session. "These developments, combined with those in France and the outcome of the U.S. presidential election, all are creating uncertainty as investors think about how to position themselves moving into 2025," said Greg Bassuk, CEO at AXS Investments in New York.
Stock market today: Wall Street inches higher to set more records
The Dow Jones Industrial Average slipped 76 points, or 0.2%, while the Nasdaq composite added 0.4% to its own record set a day earlier. On the losing end of Wall Street was U.S. Steel, which fell 8%. President-elect Donald Trump reiterated on social media that he would not let Japan’s Nippon Steel take over the iconic Pennsylvania steelmaker.
Stock market today: S&P 500, Nasdaq eke out records after jobs data surprises, Fed officials signal more cuts
The focus is on JOLTS jobs data and Fedspeak will cement or dent growing hopes for interest rate cuts.
Tesla stock slides after Elon Musk's multibillion dollar pay package gets blocked
Tesla stock fell after a Delaware court declined Elon Musk's attempt to change its ruling on his $56 billion pay package.
De Beers' Historic Price Reduction Signals Diamond Market Woes
De Beers, the world's largest diamond producer, has implemented significant price cuts as the diamond market faces challenges from synthetic diamonds and weakening demand.
Vale Aims to Go Down-Market on Iron Ore
(Bloomberg) -- Vale SA plans to offer more lower quality iron ore to adapt to the needs of a battered steel industry as it moves beyond being just a supplier of high-grade steelmaking material.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsChief Executive Officer Gustavo Pimenta laid the groundwork for his strategy Tuesday at an investors event in New York, arguing that the Rio de Janeiro-based c
Wells Fargo issues Wall Street's most bullish forecast yet for the stock market in 2025
Wells Fargo sees the S&P 500 reaching 7,007 by the end of 2025 as a strong economy and a Federal Reserve cutting cycle help drive stocks higher.