(Reuters) – Tesla’s market value breached the $1 trillion-mark in a sharp rally on Friday, on growing bets of a favorable treatment for CEO Elon Musk’s companies in return for his support for President-elect Donald Trump in his poll campaign. The electric automaker’s shares rose more than 6% to a more than two-year high of…
By David Morgan WASHINGTON (Reuters) – Donald Trump’s Republicans looked set on Wednesday to possibly win control of both chambers of Congress, giving them sweeping powers for the first time in eight years to ram through a broad agenda of tax and spending cuts, energy deregulation and border security controls. But it would also force…
By Chris Kirkham (Reuters) -When Reuters reported in April that Tesla had scrapped plans for a long-promised, next-generation $25,000 electric vehicle, the automaker’s stock plunged. Chief Executive Elon Musk rushed to respond on X, his social-media network. “Reuters is lying,” he posted, without elaborating. Tesla’s stock recovered some of its losses. Six months later, Musk…
By Danilo Masoni MILAN (Reuters) – A Donald Trump victory in the race for the White House is widely seen as bullish for European defence stocks, given his warnings to scale back U.S. military support in the region and force NATO members to spend 2% or more of their GDP on defence. However, should he…
By Arsheeya Bajwa (Reuters) -Intel will be replaced by Nvidia on the blue-chip Dow Jones Industrial Average index after a 25-year run, underscoring the shift in the chipmaking market and marking another setback for the struggling semiconductor firm. Nvidia will join the index next week along with paint-maker Sherwin-Williams , which will replace Dow, S&P…
Thursday, October 31st, 2024 Following a robust Q3 earnings release, Twilio’s (TWLO) stock shot up over 11% in post-market trading to $78.90. Investors are now weighing whether this surge marks sustainable growth or if it’s just short-lived hype. Let’s break down the details that will influence TWLO’s trajectory. Earnings Highlights and Forward Guidance Twilio’s Q3…
By Amanda Cooper LONDON (Reuters) -Global shares fell on Thursday, after Facebook owner Meta Platforms and Microsoft both warned of rising costs for artificial intelligence, while evidence of strong U.S. economic growth helped support the dollar. Big Tech’s warnings stoked worries among investors that the pay-off for heavy spending on AI may take longer than…
By Howard Schneider WASHINGTON (Reuters) – Republican presidential candidate and former President Donald Trump’s end-of-campaign arguments to voters choosing between him and Democrat Kamala Harris have focused on an old standby in U.S. politics: Asking voters whether they are better off now than they were four years ago. He may want to check his dates….
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…
