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Elon Musk, Trump and Wall Street
The fight over Jerome Powell puts Elon Musk at odds with Wall Street
The markets are a strong counter to Musk's influence and Trump's inclination to undermine the Federal Reserve, Wall Streeters told BI.
Elon Musk wants Trump to disrupt Wall Street with his Treasury pick
As Donald Trump privately considers his team to lead America’s economy during his term, Elon Musk has put his thumb on the scale, urging followers on X to help make a public push for a candidate who won’t be “business as usual” on Wall Street.
How Elon Musk got even richer after Donald Trump's election win
The wealth injection comes largely from a surge in the stock price of his companies Tesla and SpaceX after the re-election of Donald Trump.
Fed, Wall Street and interest rates
Wall Street edges higher after inflation data keeps Fed rate-cut hopes intact
The consumer price index rose 0.2% in October for the fourth straight month, and advanced 2.6% on an annual basis.
Most of Wall Street rises after the Fed cuts interest rates
JPMorgan Chase fell 4.3%, a day after banks decisively led the market on expectations that a stronger economy and lighter regulation would mean fatter profits. It and Goldman Sachs were the biggest reasons for the Dow’s slight loss.
Global stocks drop as Fed signals slower pace of rate cuts
A gauge of global stocks was set for its biggest weekly drop in two months and the 10-year U.S. Treasury yield hit its highest level in 5-1/2 months on Friday as economic data and comments from Federal Reserve officials suggested a slower pace of interest-rate cuts ahead.
8m
on MSN
Stock market today: Wall Street tumbles as the “Trump bump” fades and vaccine makers sink
U.S. stocks tumbled Friday as the “Trump bump” that Wall Street got from last week’s presidential election, along with a cut ...
2d
Wall Street struggles for direction after in-line monthly producer prices
Wall Street's main indexes edged lower in choppy trading on Thursday after monthly producer prices rose as expected.
9d
Wall Street Reacts to the Fed Decision
Here's what Wall Street has to say following the Fed's quarter-percentage-point rate cut: "The potential for future trade and ...
2h
on MSN
Trump’s Scoreboard Is S&P 500, and It’s Wall Street’s Best Hope
If Wall Street learned one thing during Donald Trump’s first term as president, it’s that the stock market is a way he keeps ...
1d
Stocks tumble on Wall Street as the ‘Trump bump’ fades and vaccine makers sink
U.S. stocks suffered their worst loss since election day as the boost from Donald Trump's victory and a Federal Reserve ...
3d
Wall Street ends mixed while inflation data keeps Fed rate-cut hopes intact
The Dow and the S&P 500 ended slightly higher on Wednesday while the Nasdaq lost ground after October data showed consumer ...
2h
on MSN
Wall Street week ahead: Nvidia, Walmart earnings to guide US stock markets
Nvidia, the world’s most valued company by market capitalization will declare its third quarter results on November 20 that ...
3d
on MSN
Inflation Data Boots Wall Street as Stocks Hover Near Records
The new numbers have boosted hopes that more help for the economy will arrive next month from another cut to interest rates.
1d
on MSN
Stocks Tumble As Traders Rethink Fed's Action, VIX Spikes 17%, Nasdaq Erases Post-Trump Gains: What's Driving Markets Friday?
Risk aversion dominated Wall Street in the final session of the week, driving sharp losses across major indices. Investors ...
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