There’s less than a 20% chance of a bear market after the election as an upbeat economy helps stocks push higher, Goldman says
Investors may be nervous about election-related volatility, but the market is in good shape to avoid a steep drop into bear market territory after the vote, Goldman Sachs said. The analysts said they see just an 18% chance that stocks fall more than 20%, which would signal the start of a bear market. They point…
Election Day means at least one good thing: No more political text messages!
It’s Election Day in the United States, and that means that come Wednesday morning, about half the country will be miserable, and half will be elated. One guy in France who bet $30 million on Trump winning will feel something. There’s also a chance that, as in 2020, our nation will groggily awaken to no…
Why the US dollar is the most important asset to watch as the election results come in
The US dollar might be the most important asset to watch for a potential read on the US election results as the votes are tallied this week. Raymond James’ chief investment strategist David Zervos said that the US dollar will be the first asset to telegraph the likely winner as markets digest the implications of…
Rivian’s head of software says the company is not trying to be like Tesla on automation
Wassym Bensaid, Rivian’s chief software officer, told B-17 that the EV company aims to deliver a software alternative to Apple Carplay. Rivian isn’t prioritizing autonomous driving, the company’s chief software officer said in an interview with B-17. As Waymo and Tesla race to scale autonomous driving and usher in an era of self-driving cars and…
Boeing workers approve labor contract, ending a bruising 7-week strike
Unionized Boeing workers voted to accept a contract proposal after a seven-week strike. Boeing union workers approved a labor contract proposal on Monday that will increase pay by 38% over four years and end a seven-week strike. According to the International Association of Machinists and Aerospace Workers Local 751, 59% of employees voted yes to…
More bad news for Tesla in China
Tesla Model 3 vehicles at the company’s factory in Shanghai, China. Tesla’s sales are slipping in China in the latest sign of trouble for Elon Musk’s car company. Tesla’s Shanghai factory shipped 68,280 Model 3s and Model Ys in October, down 5.3% from the same month in 2023, according to data released by the China…
Ukraine is facing serious problems in the east, where Russia’s forces are grinding forward
Russian forces have increased pressure along certain front lines, particularly in the Donetsk region. Russia’s grinding offensive operations have been gaining momentum in eastern Ukraine as challenges for the defenders mount. At the moment, Ukrainian forces in the east have a problem. Over the weekend, the commander-in-chief of the Ukrainian armed forces, Oleksandr Syrskyi, said…
North Korea told the UN point-blank that it’s speeding up nuclear weapons development
After being confronted by the Security Council about its latest intercontinental-ballistic-missile launch, North Korea told the United Nations it would accelerate its nuclear program. Pyongyang went loud and proud on Monday about its plans for nuclear weapons as the United Nations grilled its representative over a recent missile launch. “We will accelerate and will not…
CEOs are clamoring for bodyguards as the world feels more dangerous, a top security boss says
Protesters targeted the Allianz offices in London in October 2024. An increasing number of companies appear to be spending big money on trying to keep their executives safe by hiring bodyguards. Steve Jones, the chief executive of security company Allied Universal, told The Financial Times that global political instability had created increased demand for security…
