Published On Oct 30, 2024, 4:57 PM
Elon Musk acknowledges that potential cuts he supports may inflict economic pain. The implications are significant, particularly if Donald Trump and his Republican allies are willing to support these cuts should they return to power. This could lead to uncertainties in policy direction and impact various sectors.
Investors should be cautious with stocks sensitive to government fiscal policies; potential cutbacks could negatively impact sectors reliant on government contracts or support. However, health care and defense sectors, which are historically more resilient during policy shifts, may present opportunities.
Oct 30, 2024, 8:33 AM
In a key economic report released just days before the presidential election, growth was again driven by robust consumer spending.
Oct 24, 2024, 4:00 AM
Trading desks at major banks are expecting a flurry of activity when the chaotic 2024 election comes to a close, and that could cement what is already a banner year for Wall Street.
Oct 17, 2024, 12:07 PM
Mortgage rates climbed again for a third straight week, further dinging demand as the housing market continues to suffer from an affordability crisis.