BUSINESS
Trump’s victory casts a shadow over the Federal Reserve
The US Fed is widely expected to lower the benchmark interest rate on Thursday by a quarter percentage point, a move that will come on the heels of a half-point cut in September.
WORLD
Donald Trump’s victory casts a shadow over the Federal Reserve
In his campaign, Trump promised to wield tariffs more aggressively against US trading partners, deport millions of undocumented immigrants and extend his 2017 tax cuts.
CRYPTOCURRENCY
Bitcoin jumps 8% to cross $75,000 for first time ever as traders watch US election 2024
Bitcoin’s more than 70% advance in 2024 has topped traditional assets such as global stocks and gold.
MARKETS
Stocks, dollar and yields rise on US election night
Equities in Japan and Australia climbed. Chinese equities were mixed, with the CSI 300 Index of onshore shares edging higher in early trading
BUSINESS
Nvidia rides AI wave to pass Apple as world’s largest company
Nvidia accounts for 7% of the weight of the S&P 500 Index and is responsible for about a quarter of the benchmark’s 21% gain this year.
BUSINESS
US election: Treasuries slip on election day as volatility hits one-year high
The Fed’s next policy meeting concludes Thursday, and swaps traders are pricing in an over 90% probability the central bank reduces rates by a quarter-point
MARKETS
Small-loan defaults may throw risk into India’s broader economy
Personal-loan growth is moderating as the central bank last year clamped down on risky lending practices following a post-pandemic surge in credit
BUSINESS
Apple explores push into smart glasses with 'Atlas' user study
The initiative, code-named Atlas, got underway last week and involves gathering feedback from Apple employees on smart glasses, according to people with knowledge of the matter.
BUSINESS
Record foreign exodus casts a pall over Indian stock market
Goldman Sachs Group Inc. also tactically turned neutral on Indian equities from overweight last month, citing slowing economic growth and high valuations.
BUSINESS
Musk’s $2 trillion of budget cuts would have these stocks moving
Two Goldman Sachs indexes that follow investments linked to Democratic and Republican victories show that after rising steadily since late September, the basket linked to a Trump win is again starting to fade, while the one liked to a Harris victory is climbing.
US-PRESIDENTIAL-ELECTIONS
Asian stocks climb on China boost, dollar steady
Stocks in Sydney and Seoul slipped, pushing a regional index into the red. Tokyo’s benchmark gained following a public holiday
WORLD
Dollar drops as some US polls shift toward Kamala Harris
The dollar gauge and 10-year Treasury yields both had reached their highest since July in recent weeks, after investors ramped up wagers on a second term for Donald Trump
BUSINESS
Rock-steady Rupee offers stability during US election uncertainty
Traders have ramped up their search for havens, analyzing latest polling data that shows no clear leader in the race between Kamala Harris and Donald Trump before Tuesday’s vote.
MARKETS
Uday Kotak-backed Alternate Asset to raise healthcare fund
The Mumbai-based firm has begun pitching the new fund through global and local roadshows including in New York to attract investors, according to Ashish Ranjan, a fund manager at the firm.
US-PRESIDENTIAL-ELECTIONS
Judy Dimon, wife of JPMorgan CEO Jamie Dimon, knocks on doors for Kamala Harris
Judy Dimon, a longtime donor to Democratic candidates and an education advocate, has been more public in her support
BUSINESS
India to revamp power demand forecasting for better planning
Changing power usage patterns, rising use of intermittent solar and wind energy and increasingly frequent extreme weather events have complicated demand forecasting, requiring systemic reforms.
WORLD
Taxes, tariffs and more: 5 key economic stakes of the US election
US Polls: A divided government, in which the opposition party controls at least one chamber of Congress, could rein in deficits since Congress must approve both spending and taxes.
WORLD
OPEC+ has agreement in principle to delay December ouput hike
OPEC+ has also struggled to get some members — notably Russia, Iraq and Kazakhstan — to implement their share of agreed supply cutbacks
WORLD
Battleground states in US presidential election: Kamala Harris, Donald Trump remain within margin of error
The margin of error was plus or minus 1.3 percentage points across the seven states and about plus or minus 3.5 percentage points for each state poll
WORLD
Rumours, lies and disinformation: ‘A lot of crazy’ in 2024 US election
“There’s a lot of crazy going on,” said Carah Ong Whaley, director of election protection at Issue One, a non-partisan think tank focused on electoral policy.
BUSINESS
Berkshire Hathaway’s cash pile reaches record $325.2 billion
Berkshire’s operating earnings fell 6% from a year earlier to $10.09 billion, as insurance underwriting earnings slumped.
WORLD
Musk loses bid to dismiss ex-Twitter CEO Parag Agrawal's severance lawsuit
US District Judge Maxine Chesney on Friday rejected arguments by Musk’s lawyers that Agrawal’s claims should be dismissed.
WORLD
US payrolls increase by just 12,000, hit by storms and strikes
BLS said the hurricanes likely affected payrolls in some industries, but said it is not possible to quantify the net effect on the monthly change in national employment, hours or earnings estimates
BUSINESS
Investor that had a 3,700% return on Tencent sets sights on India
The new chief executive officer and former startup founder has begun scouring the globe to replicate the blockbuster success from Prosus’s $34 million deal in 2001 to buy 50% of China’s Tencent Holdings Ltd
