We’re almost through one of the most feared months of trading, which as it turns out, is set to deliver the best return for the Dow industrials since 1976, and best month since July for the S&P 50...
Tag: Politics
Why China’s party congress left investors feeling gloomy
Financial-market investors were craving economic policy guidance from the China’s Communist Party Congress, but when the ruling party wrapped up its twice-a-decade political gathering on Saturday to t...
Rethinking China: Xi’s Power Play Could Bring Down Stocks Even More
Chinese stocks have lost roughly half their market value, or almost $1.5 trillion, over the past two years. But the damage may not be over as investors reassess their China allocations after President...
As China-U.S. Relations Cool, Reshoring Heats Up. Honeywell and Other Stocks That Should Benefit.
The gulf between the U.S. and China is widening, which could be good news for stocks benefiting from the reshoring of industries that migrated over the past 40 years. If President Xi Jinping’s consoli...
Fake billionaire Justin Costello co-defendant settles SEC complaint
Zoom In IconArrows pointing outwards FBI Poster for Justin Costello FBI The Securities and Exchange Commission has agreed to settle a civil lawsuit against a man accused of five separate penny stock p...
Omicron subvariants resistant to key antibody treatments are increasing
Two omicron subvariants that are resistant to key antibody treatments are on the rise in the U.S., according to data from the Centers for Disease Control and Prevention. The subvariants BQ.1 and BQ.1....
FDA sees limits to omicron-booster studies from Columbia, Harvard
The Food and Drug Administration said two studies this week showing that the new omicron boosters weren’t that much better than the old shots were too small to come to any real conclusions. Scie...
Nancy Pelosi’s Husband Recovering Following Home Assault
Paul Pelosi, House Speaker Nancy Pelosi’s husband, is making a full recovery after an intruder broke into the couple’s home Friday morning and assaulted the 82 year old. The assailant is ...
Billionaire Mark Cuban Makes a Strong Statement
Mark Cuban has made his decision. And it is certain that this one will delight the many fans of the hit TV show Shark Tank, of which he is one of the pillars. The successful entrepreneur’s fut...
Trump criticizes PGA Tour, says Saudis have done fantastic job with LIV
Former President Donald Trump stands on the 18th green during the Pro-Am tournament before the LIV Golf series at Trump National Doral, Oct. 27, 2022. Jasen Vinlove | USA Today Sports | Reuters Donald...
Omicron subvariants show resistance, putting some people at risk
Emerging omicron subvariants are resistant to key antibody treatments for HIV patients, kidney transplant recipients and other immunocompromised people, making them particularly vulnerable to Covid th...
The UK’s new prime minister scrambles to save the Conservative Party
U.K. Prime Minister Rishi Sunak appointed his cabinet to include members from across warring factions of the Conservative Party. Wpa Pool | Getty Images News | Getty Images LONDON — Britain has a new ...
Exxon and Oil Giants to Post Stunning Earnings
A warning from President Biden could dampen the party atmosphere for Big Oil’s expected third-quarter earnings bonanza. Biden, who is worried about high gasoline prices, said last week that oil compan...
White House hammers economic issues with attack on ‘junk fees’ two weeks out from Election Day
U.S. President Joe Biden delivers remarks on the U.S. economy from an auditorium on the White House campus in Washington, U.S. October 26, 2022. Jonathan Ernst | Reuters The White House is working to ...
Boeing (BA) earnings Q3 2022
Boeing reported a $3.3 billion quarterly loss Wednesday as problems in its defense unit countered strides in its commercial aircraft business. The manufacturer, however, generated nearly $3 billion in...
This Isn’t the Bottom and Recession Isn’t Priced In, Goldman Says
Markets haven’t priced in a recession, according to analysts at Goldman Sachs Equities and credit markets are pricing in a lower risk of recession than rates and currency traders, though no asset clas...
How organ donation works in the United States
There are more than 100,000 people in the United States waiting for an organ transplant, according to the United Network for Organ Sharing, known as UNOS. “I was born Type 1 diabetic,” sai...
TSMC’s stock slumps after reported diss of U.S. chip efforts; industry downgrades also weigh on sector
Chip stocks lagged behind the broader market Monday following one report that Taiwan Semiconductor Manufacturing Co. is pessimistic about U.S. efforts to build domestic capacity, and another that said...
Depleting strategic oil reserves could prove ‘painful in the months to come’: Saudi energy minister
“‘It is my profound duty to make it clear to the world that losing emergency stock may become painful in the months to come.’” — Prince Abdulaziz bin Salman, Saudi energy minister That’s Prince Abdula...
People who had mild Covid had increased risk of blood clots: UK study
A patient receives a coronavirus disease (COVID-19) test at Sparrow Laboratories Drive-Thru Services in Lansing, Michigan, December 27, 2021. Emily Elconin | Reuters People who caught mild cases of Co...
Russian court denies Griner’s appeal, sends her to a penal colony
US’ Women’s National Basketball Association (NBA) basketball player Brittney Griner, who was detained at Moscow’s Sheremetyevo airport and later charged with illegal possession of ca...
Ivermectin — once touted as a Covid treatment by conservatives — doesn’t improve recovery much, clinical trial finds
Ivermectin, a drug once touted by conservatives as a treatment for Covid, does not meaningfully improve the recovery time for people with mild to moderate cases, according a large clinical trial publi...
UK’s Rishi Sunak inherits a country in crisis as he takes over as prime minister
Rishi Sunak has been named as the U.K.’s new prime minister and the country’s first leader of color. Jeff J Mitchell | Getty Images News | Getty Images LONDON — Britain’s new Prime M...
Don’t Expect the Stock Market to Rally, Even if GOP Wins Control of Congress
The outcome of the midterm elections on Nov. 8 could disappoint investors, regardless of which party they support. According to Wall Street lore, stocks usually perform strongly following the midterms...