On today's episode of "Balance of Power," Syracuse University Political Science Professor Jenn Jackson highlights the enthusiasm and nervousness of young voters as they prepare to head to the polls. Meanwhile, undecided voters feel overwhelmed by the negativity surrounding both candidates. Criminal defense attorney Robert McWhirter also weighs in on the anticipated legal challenges that may arise after Election Day.
In a significant move, US regulators are considering a crackdown on Tether Holdings Ltd., which could dramatically impact the entire cryptocurrency industry. This potential action comes amidst a year of heightened legal scrutiny against various crypto companies, and Tether's response may reshape the landscape for digital assets moving forward.
U.S. regulators have reported that the operator of the Keystone pipeline is partly responsible for failures that led to the spill of nearly 13,000 barrels of crude oil in 2022.
India's central bank Governor Shaktikanta Das has rejected a proposal from a senior government adviser to exclude volatile food prices from inflation targets. Das emphasized that removing food prices from inflation calculations would not benefit ordinary consumers, underscoring the importance of keeping a realistic view of inflation that includes essential items.
Brookfield Wealth Solutions is seeking to sell a private credit portfolio valued at approximately $1.5 billion. This portfolio is part of American National, an insurance company Brookfield acquired in 2022. Sources familiar with the situation say the company is actively exploring this divestment.
France's credit rating has been placed on a negative outlook by Moody's Ratings, marking the third warning in just two weeks. This decision highlights concerns over the nation's deteriorating public finances and ongoing political challenges in managing rising budget deficits.
Michael Zezas, managing director at Morgan Stanley, analyzed the tax plans of presidential candidates Donald Trump and Kamala Harris on "Bloomberg The Close." Zezas highlighted key differences in their proposals, noting how Trump's plan focuses on tax cuts to spur economic growth, while Harris advocates for progressive taxation aimed at reducing inequality. He emphasized that these approaches reflect broader economic philosophies that could significantly impact voters and the economy in the upcoming election.
Good evening, I'm Romaine Bostick, and here’s what happened in the U.S. markets today. Stocks closed mixed as investors weighed mixed economic data against expectations of future interest rate hikes. The Dow Jones closed slightly lower, while the S&P 500 and Nasdaq managed modest gains. Tech stocks lifted the Nasdaq, driven by strong earnings from major companies. Economic reports showed better-than-expected job growth, but inflation remains a concern, keeping traders cautious. Tune in tomorrow for more updates and analysis.
TSMC's US plant is achieving chip production yields that are outpacing those of its factories in Taiwan, a significant boost for US chip manufacturing ambitions. Meanwhile, the Biden administration is gearing up to develop a clear strategy for integrating AI into military operations. In other news, Alphabet's Waymo has successfully raised $5.6 billion in its largest funding round to date for its autonomous driving initiative.
Speculative currency traders are now betting on a stronger US dollar for the first time in two months. This shift occurs just two weeks ahead of the US election, indicating changing market sentiments.
