CNBC’s Jim Cramer reviewed Wednesday’s market action, saying the session was shaped by traders who were relieved that the election was over and were getting ready for President-elect Donald Trump’s administration. “Let’s understand that many people thought we’d have a contested election, which would cause tremendous uncertainty,” he said. “The fact that we already know […]

Longer-dated U.S. Treasury bonds, tracked by the popular iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT), saw their steepest decline in over a year on Wednesday, plummeting more than 2.6%, as investors offloaded fixed-income assets amid rising expectations of wider budget deficits and higher inflation, spurred by Donald Trump‘s victory in the presidential election. This bond

By Stephen Nellis and Arsheeya Bajwa (Reuters) -Chip designer Qualcomm on Wednesday forecast sales and profit in the current quarter would exceed Wall Street estimates as the company benefits a wave of launches of flagship Chinese smartphones, and its shares rose 8.5% in extended trading. Qualcomm said it expects sales and adjusted profits for its

Qualcomm CEO Cristiano Amon speaks at the Computex forum in Taipei, Taiwan, June 3, 2024. Ann Wang | Reuters Qualcomm reported fourth-quarter earnings on Wednesday that beat Wall Street expectations for earnings and revenue, and the company guided to a strong December quarter. The shares rose 10% in extended trading. Here’s how the company did

By Max A. Cherney SAN FRANCISCO (Reuters) -Chip designer Arm Holdings topped revenue and profit expectations for the second quarter on Wednesday, in part because customers like Apple are using a more profitable version of its next-generation technology. The company, however, forecast current-quarter revenue with a midpoint that was merely in line with estimates, and

Key Takeaways The S&P 500 surged 2.5% on Wednesday, Nov. 6, as investors absorbed election results and attention shifted toward Thursday’s Fed rate announcement. Discover Financial stock soared as the outlook improved for eventual regulatory approval of the credit card issuer’s proposed merger with Capital One. Other post-election winners included steelmaker Nucor, while shares of

Shares of energy drink company Celsius Holdings (NASDAQ: CELH) crashed on Wednesday after the company reported financial results for the third quarter of 2024. The results disappointed investors on both the top and bottom lines. As of 11:45 a.m. ET, Celsius stock was down 10% and had hit new 52-week lows. The headline numbers for

U.S. Speaker of the House Mike Johnson (R-LA) and U.S. House of Representatives Democratic Leader Hakeem Jeffries (D-NY). Tom Williams | Michael A. McCoy | Reuters The race to control the House is undecided, though Republicans are already expressing early optimism about securing a governing trifecta with their new Senate majority and freshly minted President-elect

Shares of Home Depot (NYSE: HD) were pulling back today even though there was no company-specific news out on the stock. Instead, investors in the home improvement retailer were reacting to Donald Trump’s victory. While stocks were up broadly, the real estate sector was down as Treasury yields jumped, a sign that investors think that

Key Takeaways Trump’s win is seen as a positive development for crypto — as illustrated by the latest rise of bitcoin prices, which earlier touched record highs. More regulatory clarity for stablecoins and crypto assets generally could see progress in Congress as more pro-crypto lawmakers take office. Two areas to watch under Trump could be