Fundstrat Global Advisors Tom Lee is calling for stocks to rally into year-end. It’s not dependent on any single election outcome. Rather, it takes into account three widely-talked about scenarios. Lee’s base case: Joe Biden wins with a blue wave due to his strength in the polls and betting markets. […]
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U.S. ‘credibility is on the line’ on Nov. 3, presidential historian Michael Beschloss says
NBC News’ presidential historian Michael Beschloss warned on election eve that the credibility of the United States is “absolutely on the line” when it comes to the results of the presidential election. “You have not had a situation where a president has said, ‘I have a real worry that this […]
Dow futures rise about 200 points ahead of U.S. Election Day
U.S. stock futures rose in overnight trading as investors waited for Tuesday’s presidential election between incumbent Donald Trump and former Vice President Joe Biden. Dow futures rose 214 points. S&P 500 futures and Nasdaq 100 futures both also traded in positive territory. Stocks rebounded on Monday from a sell-off to […]
More Americans approve of Fauci’s handling of coronavirus than Trump’s, new poll finds
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks during a House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C. Erin Scot | Pool | Reuters American voters overwhelmingly approve of how the country’s top infectious diseases expert, Dr. Anthony Fauci, is handling the […]
Here’s the final tally of where tech billionaires donated for the 2020 election
Co-founder and CEO of Netflix Reed Hastings attends a red carpet for the Netflix launch at Palazzo Del Ghiaccio on October 22, 2015 in Milan, Italy. Jacopo Raule | Getty Images Tech executives, rich from an 11-year bull market that’s disproportionately benefited their industry, were among the top political donors […]
Judge rejects GOP bid to toss 127,000 drive-thru ballots in Harris County, Texas
A federal judge on Monday rejected a last-ditch effort by Republicans to invalidate more than 100,000 ballots cast at new drive-thru voting locations in Harris County, Texas, a ruling that the plaintiffs’ lawyer suggested could cripple President Donald Trump‘s chances of re-election. The judge, Andrew Hanen, said the plaintiffs in […]
How October surprises took an outsized role in presidential elections
The 2020 election cycle has been full of twists and turns, from President Donald Trump’s Covid-19 diagnosis to the last-minute confirmation of Amy Coney Barrett to the Supreme Court. Most presidential elections in the U.S. feature at least one “October surprise,” a late-cycle event that has the potential to shake […]
The growing U.S. deficit raises questions about funding as China cuts U.S. debt holdings
Monica Murphy The U.S. deficit is already burgeoning and it’s set grow even bigger as lawmakers push for a second stimulus package to beat the pandemic fallout. The additional costs of funding the package will have to be through issuing more U.S. Treasurys — but that raises the question of […]
Biden narrowly leads Trump in six swing states before Election Day, poll shows
Democratic presidential nominee Joe Biden speaks at a get-out-the-vote drive-in rally at Cleveland Burke Lakefront Airport on November 02, 2020 in Cleveland, Ohio. Drew Angerer | Getty Images Democratic presidential nominee Joe Biden holds narrow leads over President Donald Trump in six states the president aims to defend Tuesday in […]
Stock futures rise slightly ahead of U.S. Election Day
U.S. stock futures rose slightly in overnight trading as investors awaited Tuesday’s Presidential election between incumbent Donald Trump and former Vice President Joe Biden. Dow futures rose 84 points. S&P 500 and Nasdaq 100 futures gained 0.2% and 0.22%, respectively. Stocks rebounded on Monday from a sell-off to end October […]