The Daily

Banking, Energy, and Tech Stocks Lead Premarket Gains

The market’s reaction to Trump’s victory saw strong gains across various sectors. Bank stocks, expected to benefit from a pro-business and deregulated environment, jumped significantly, with JPMorgan Chase, Bank of America, and Wells Fargo rising by over 6%. Similarly, the tech sector saw Tesla shares leap 13% in premarket trading,

 » Read more about: Trump Win Sends US Indices Higher: Dow and S&P 500 Rally on Pro-Growth Outlook  »

 » Read more about: Financials sector driving up the S&P 500  »

Nov 4, 2024,04:48pm EST

Mori Trust’s Miwako Date Looks To Hotels For New Growth“,”scope”:{“topStory”:{“index”:1,”title”:”Mori Trust’s Miwako Date Looks To Hotels For New Growth”,”image”:”https://specials-images.forbesimg.com/imageserve/6729454186c3379fdb3c10b4/290×0.jpg?cropX1=0&cropX2=960&cropY1=0&cropY2=540″,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Nov 4, 2024″,”hourMinute”:”04:48″,”amPm”:”pm”,”isEDT”:false,”unformattedDate”:1730756890316},”uri”:”https://www.forbes.com/sites/jsimms/2024/11/04/mori-trusts-miwako-date-looks-to-hotels-for-new-growth/”}},”id”:”aicljgek5e2o00″},{“textContent”:”

Nov 6, 2024,10:43am EST

The 2024 Election’s Other Big Loser: Prediction Markets“,”scope”:{“topStory”:{“index”:2,”title”:”The 2024 Election’s Other Big Loser: Prediction Markets”,”image”:”https://specials-images.forbesimg.com/imageserve/672b896bb5c0d3553f11256a/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Nov 6,

 » Read more about: U.S. Finalizes Outbound Investment Rule Targeting Business With China  »

The council declared a financial emergency in November 2023 and was only able to set a balanced budget in February by agreeing to significant savings, job cuts and the sale of assets – including commercial investments inherited from the previous councils.

As part of its budget, the government provided the council with a capitalisation directive of £36.9m – meaning it could use the proceeds of selling off assets to pay for day-to-day services,

 » Read more about: Somerset Council could have sold investments by Christmas  »

In recent weeks, commodities and the exchange-traded funds that track their prices have experienced a significant resurgence, with oil and precious metals leading the charge.

Geopolitical tensions, including conflicts in the Middle East and related concerns over potential supply chain disruptions, have fueled sharp price increases in energy markets.

 » Read more about: Commodities ETFs Are Back: Here’s Why  »

 » Read more about: 1 Top Cryptocurrency to Buy Before It Soars 18,600%, According to Billionaire Michael Saylor of MicroStrategy  »

Berkshire Hathaway continued its selling spree of Apple and Bank of America in the third quarter.

 » Read more about: Billionaire Warren Buffett Just Sold More Than 300 Million Shares of 2 Favorite Stocks and Piled Into This Ultra-Safe Asset  »

Donald Trump’s decisive election victory was about many things: a global rejection of incumbents, a rise in the Republican electorate and a battle for the future of America’s democracy. But voters consistently and repeatedly said issue No. 1 this election was the economy.

 » Read more about: What just happened? It was the economy, stupid  »

Wall Street opened at a new record high on Wednesday as Donald Trump emerged victorious in the US presidential election race.

Investors are racing into riskier assets following the Republicans’ win, with the S&P 500 (^GSPC) hitting a new intraday high and the Dow Jones (^DJI) also soaring to a fresh high.

 » Read more about: LIVE: Wall Street surges to record high on Trump election win  »

Americans are concerned about high costs squeezing household budgets, according to data from the Fox News Voter Analysis.

The analysis found that while 56% of Americans feel that their family’s financial situation is holding steady, a larger share feel things are getting worse than improving — as 31% said they’re falling behind compared to 13% who say they’re getting ahead.

 » Read more about: Stocks soar after Trump defeats Harris in election 2024 outcome: LIVE Updates  »