The dollar sank to its lowest level in over two months against a basket of peer currencies on Friday, as vote counting for the contentious U.S. election dragged on and investors predicted more losses for the currency. Investors are betting that Democrat Joe Biden will become the next president but Republicans will retain control of […]
Thursday was another strong day for the stock market, extending the upward streak for major market benchmarks to four consecutive days. In stark contrast to the dour mood heading into the weekend before the U.S. elections, investors now seem to be far more comfortable with their view of what’s likely to play out politically in […]
Institutional Investor Hall of Famer Richard Bernstein sees troublesome activity within the market surge. His problem: Big Tech is the main driver. “Narrow leadership is an end-of-cycle event,” the Richard Bernstein Advisors CEO and CIO told CNBC’s “Trading Nation” on Thursday. According to Bernstein, it’s a compelling reason to get cautious. “You want it to […]
A president Joe Biden working alongside Republicans in the Senate and Democrats in the U.S. House of Representatives could mean no major tax hikes, no progressive green agenda, no public option for health care and not much of anything else large on the political front. In other words, it’s the type of “gridlock” down in […]
Stocks jumped on Thursday on hopes the winner of the U.S. presidential and congressional elections would soon be determined, with shares of major tech-related companies leading the gains. The Dow Jones Industrial Average closed 542.52 points higher, or 1.95%, at 28,390.18. Earlier in the day, the 30-stock average was higher by more than 600 points. […]
Voting in the 2020 presidential election has ended, but the count is far from over. As of 11 a.m. EST Wednesday, there was still no clear winner in the race for the White House, with ballot counting continuing in several of the expected key battleground states. Yet that didn’t stop market participants from adding onto […]
In recent years, energy storage installations around the world have been dominated by lithium-ion battery technology. But pumped hydro, for decades the only utility-scale storage asset available and still the leader with 95 percent of storage’s global capacity, isn’t giving up just yet. This week, the International Hydropower Association and the U.S. Department of Energy […]
Shares in Asia Pacific have climbed to their highest point for nearly three years as Joe Biden edged closer to becoming the next president of the United States. As the Democrat challenger sought the remaining six electoral college votes he needs for victory, investors on the other side of the world were betting that he […]
A remarkably tight presidential race didn’t stop stocks from rallying on Wednesday. Technology led the major averages higher as election results rolled in, with some ascribing the gains to the preliminary results confirming there wouldn’t be a blue wave, or Democratic sweep of all three branches of government. Market analysts largely agree that a divided […]
U.S. equity futures are mixed on Wednesday morning, following a volatile overnight session that at one point saw Nasdaq futures spike to levels that triggered circuit breakers. The moves came as the country awaits results of the 2020 elections, which are up in the air with both President Donald Trump and Democratic nominee Joe Biden failing […]
For investors worried about how the election will impact their portfolios over the long haul, fear not: Elections have seldom had a lasting impact on equity prices. President Donald Trump has warned that the stock market will crash if former Vice President Joe Biden wins the presidential election. Some market experts have also raised concern about […]
Bitcoin traders and investors have been nervously eyeing markets over recent days, with uncertainty on the rise after bitcoin decoupled from the stock market last week. The bitcoin price, up a staggering 50% on the last six months, looks set to close out 2020 as one of the year’s best performing assets. Bitcoin spiked to […]
