The greenback hit a 13-year high on Wednesday, driven by investors' hopes that the Federal Reserve may raise rates more quickly under a Donald Trump presidency.
Dow Hits All Time High
The S&P 500 shook off recent pressure to move higher as rising crude oil gave the energy sector a big boost. A rebound rally in crude put it on track for its best daily percentage gain since late September.
Why Trump's Win Is Massive For McDonalds
Few companies had higher stakes in the presidential election than McDonald's (MCD), and Donald Trump's victory has served up the equivalent of a quadruple cheeseburger on a Golden Arches platter.
There's $900 Billion In Oil Where?
“The fact that this West Texas deposit is the largest assessment of continuous oil we have ever done just goes to show that, even in areas that have produced billions of barrels of oil, there is still the potential to find billions more."
3 Visions For Trump's Economy
Investors are realizing that Trump’s economic policies may not all be benign, and the costs and risks for stocks may not be accounted for. Weakness in treasury bonds and emerging market currencies belies this dynamic.
Three New York Buildings To Ditch Trump Name
Management of the complex on the Upper West Side confirmed that that this week the Trump Place building names will change to their street addresses. Some residents at Trump Place signed a petition last month for the name removal.
Oil Will Hit $70 Soon
Hedge fund manager Pierre Andurand says OPEC is still likely to agree on an output freeze this month and prompt a sharp rally in oil prices, despite disputes among its members.
Why Rising Interest Rates Will Push Markets Much Higher
When Donald Trump was elected President equities dropped nearly 1000 points overnight, the Dow Jones industrial average traded up the following day before going on to make a new all-time high by the end of the week.
High Hopes In Russia Trump Will Ease Trade Sanctions
Among the many issues facing President-elect Donald Trump as he ascends to the nation’s highest office is world trade, including the complex trade dynamic between the West and Russia, which is still operating under the weight of the 2014 economic sanctions.
How Would Deporting Undocumented Workers Affect The U.S. Economy?
Removing the country’s estimated 8 million unauthorized workers likely won’t be positive for the U.S. economy. Undocumented workers contribute about 3 percent of private-sector GDP, or about $5 trillion over a decade.
Apple's Next Big Thing: iGlasses
Apple's smart glasses product would be geared towards information conveyance, instead of immersive augmented reality experiences . The glasses "may use augmented reality," according to a Bloomberg source. The project is in "early product testing."
Trump To Deport 3 Million Illegals Upon Taking Office
President-elect Donald Trump told "60 Minutes" in an interview set to air Sunday night that he plans to come through on one of his earliest campaign promises and deport or jail 2 to 3 million immigrants living in the country illegally upon taking office.
