By Manya Saini (Reuters) – Robinhood announced the launch of U.S. presidential election event contracts on Monday, enabling customers to trade based on their prediction for the tightly contested race between Vice President Kamala Harris and former President Donald Trump. Markets will be watching the Nov. 5 contest closely and analysts expect volatility across asset…
By Lewis Krauskopf NEW YORK (Reuters) – The rally in U.S. stocks is wobbling as it confronts a stretch of potentially market-shaking events, starting next week with corporate results from tech titans and the closely watched employment report, while the U.S. election is also nearing. The benchmark S&P 500 is up about 22% on the…
By Ananya Mariam Rajesh, Waylon Cunningham (Reuters) -McDonald’s scrambled on Wednesday to contain the damage from an E. coli outbreak linked to Quarter Pounder burgers that has killed one person and sickened nearly 50 others, as it pulled the menu item from restaurants across a dozen states. The outbreak has sickened people across the U.S….
Sentiment vs. Reality—Is Growth Costing Tesla More Than It’s Worth? Tesla’s Q3 2024 earnings call was filled with optimism, as Elon Musk and his leadership team focused on the long-term potential of the company’s Full Self-Driving (FSD) technology, AI innovations, and the upcoming Cybertruck. They painted a picture of Tesla’s future dominance, pushing the idea…
By Jonathan Stempel (Reuters) – Warren Buffett will not endorse investment products or political candidates, according to a statement on conglomerate Berkshire Hathaway’s website, in an apparent effort to ward off people trying to capitalize on his reputation. “In light of the increased usage of social media, there have been numerous fraudulent claims regarding Mr….
By Nora Eckert DETROIT (Reuters) -General Motors again surpassed Wall Street’s expectations this year, as its third-quarter results benefited from lean inventories and a steady demand for gasoline-engine truck and SUV, sending its shares up about 7.6% in early trading. GM is targeting annual earnings at the top end of its prior forecast, and Chief…
Tesla’s Earnings Report: Can Options Traders Cash In on the Big Move They’re Betting On? As Tesla gears up to release its Q3 earnings on Wednesday, options traders are placing big bets, with implied volatility pointing to a potential 5-8% price swing. The market is bracing for a major move, as contracts around the $200…
As we head into another critical week for the stock market, the focus turns to the earnings reports of some major players across diverse sectors. Boyd Gaming, Tesla, Verizon, Lockheed Martin, and GE Aerospace are expected to unveil their third-quarter results. Each of these companies provides a unique perspective on the broader market and individual…
By Jarrett Renshaw HARRISBURG, Pennsylvania (Reuters) – Billionaire Elon Musk promised on Saturday to give away $1 million each day until November’s election to someone who signs his online petition supporting the U.S. Constitution. And he wasted no time, awarding a $1 million check to an attendee of his event in Pennsylvania aimed at rallying…
(Reuters) – U.S. investors made large investments in equity funds in the week to Oct. 16, buoyed by strong third-quarter earnings from U.S. lenders and optimism over a potential Federal Reserve rate cut in November and signs of cooling inflation. According to LSEG data, U.S. equity funds drew a sharp $20.08 billion in net purchases…
