2024-11-07 23:55:09
Markets
Stocks
Economy
Trump's Election Sparks Market Surge and Uncertainty
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New York Times - Business
Truth Social Stock Surges on Trump Election Victory
Finance
Politics
Economy
Truth Social, Trump's social media company, saw its stock price surge after his election victory. Trump owns a 57% stake worth over $5 billion in the parent company, Trump Media & Technology Group, which has 650,000 shareholders, mostly individual investors with small stakes. The company has struggled financially, with low revenue, large losses, and revenue primarily from advertising related to Trump's name and image. The stock price has traded largely based on Trump's political fortunes, reac..
morgenpost
Trump's Victory Boosts Markets: Tesla Stock Rises Sharply
Finance
Economy
Politics
Environment
Trump's electoral victory drives the stock market: the S&P 500, Nasdaq 100, and the Russell 2000 with small and medium-sized US companies see significant gains. Oil companies, banks, and defense firms benefit, while companies like First Solar, which would have profited from a Biden victory, record losses. Broadly diversified funds like the MSCI World could also benefit from higher US earnings. However, Deka expert Joachim Schallmayer warns that uncertainties about Trump's policies could cause..
The Street
Airline stocks soar after Donald Trump's re-election Come Cruise With Me Newsletter
Finance
Economy
Politics
Airline stocks soar after Trump's re-election on deregulation hopes, including rollback of traveler protections like automatic refund law, easing of merger scrutiny, and return of Northeast Alliance. Low-cost carriers also spike. Analysts predict fading DOJ competition inquiry and American-JetBlue alliance. Trump's tariffs may raise aircraft material costs, with steel/aluminum up to 10% and 65% on Chinese products.
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