US stocks saw biggest inflow since June on day of Trump’s election win: Bank of America
Anthony Pompliano, founder of Professional Capital Management, explained on “The Big Money Show” why Wall Street is thinking too much about the crypto space. Investors poured $20 billion into U.S. stock funds Wednesday after President-elect Donald Trump was declared the winner of the presidential election, according to Bank of America. The bank's strategists, led by […]
Bentley pushes back timeline for transition to full-EV lineup
Automotive expert Mike Caudill joins 'The Bottom Line' as automakers struggle to retire EVs, with Ford losing $36,000 per electric vehicle in the third quarter Let's talk about what happened. Bentley is delaying its planned transition to an all-electric vehicle lineup. The luxury automaker on Thursday announced changes to its Beyond 100 initiative, saying it […]
SEC commissioner Uyeda backs Trump’s plan to end crypto crackdown
SEC Commissioner Mark Ueda talks about the agency's handling of cryptocurrencies on “Morning with Maria.” Republican SEC Chairman Mark Ueda wants to help the Biden administration fulfill President-elect Donald Trump's promise to end the so-called crypto wars, FOX Business has learned. Mr. Ueda has served as a member of the commission since 2022, and told […]
Caller On Popular Hip-Hop Show Says Black Voters May ‘Need To Switch Parties’ If Trump Improves Economy
A black Detroit caller on “The Breakfast Club” named D’Angelo said Thursday that black Americans must be more strategic with their votes. President-elect Donald Trump’s victory over Vice President Kamala Harris included an increase in his support among black men, from 19% to 21%, according to Reuters. The caller, during a segment dubbed “Get It […]
Volkswagen recalls over 114,000 Beetle, Passat vehicles due to potential risk of airbag inflator explosion
The Streetwise segment of Barron's Roundtable examines new ways to bet on the market and how Volkswagen and Honeywell International are performing in the market. Volkswagen is recalling approximately 114,500 Beetles and Passats due to the potential risk of driver-side airbag inflators exploding. The side front airbag inflator on the driver's side of the recalled […]
Fed Cuts Rates In First Decision Since Election
The Federal Reserve announced Thursday that it would lower its federal funds rate target range by 0.25% in a push to boost the U.S. economy. The Fed’s decision to lower the range to between 4.50% and 4.75% follows a September cut of 0.50% as inflation decelerates and the labor market softens. The previous rate cut […]
Left-Wing Economists Said Trump Would Be Bad For Business, But Wall Street Seems Fired Up
Many economists have proliferated the claim that former President Donald Trump would harm the U.S. economy, but the stock market has surged following his election victory as Americans anticipate better business conditions. Economists surveyed by both ABC News and The Wall Street Journal have suggested that Trump would worsen inflation through tarrifs and deficit spending, […]
Harley-Davidson cuts revenue forecast on inflation, DEI backlash
Jennifer Sey, a former senior marketing executive at Levi Strauss & Co., explained on The Big Money Show why some of America's largest companies are retreating from DEI practices. Harley-Davidson has lowered its full-year sales forecast due to weak demand due to persistent inflation and consumer boycotts. Diversity, Equity, and Inclusion (DEI) The program has […]
Federal judge blocks luxury brand merger between Tapestry and Capri
Kudrow panelists Liz Peek and Caroline Downey react to the FTC's lawsuit to block the $8.5 billion Tapestry-Capri merger. A federal judge blocked the lawsuit Thursday. Merger pending The luxury handbag and accessories maker proposed acquiring Tapestry and Capri on the grounds that it would stifle competition. The proposed $8.5 billion merger between Tapestry and […]
Green energy stocks down following Trump win
Thomas Hayes, chairman of Great Hill Capital, spoke about how long stock prices will continue to rise after Trump's election victory over Bernie & Company. Shares of multiple renewable energy companies fell on Wednesday after Donald Trump was declared the winner of the presidential election and given a second term in the White House. Solar […]