Election Financial News

Former Bank of America Vice Chair Keith Banks on the state of inflation, the earnings period and the September PCE release on ‘Mornings with Maria.’

Never before in a presidential election cycle has there been so much discussion of the child tax credit — a tool many Democrats and Republicans have endorsed as a way to lift children and young families out of poverty

It’s no surprise that workers feel burned-out

The average rate on a 30-year mortgage in the U.S. rose for the fifth straight week, returning to its highest level since early August

Bahnsen Group managing partner David Bahnsen discusses market volatility and analyzes the real estate market on The Big Money Show.

unemployment benefits fell to a five-month low last week and consumer spending increased more than expected in September, showcasing the economy's strength heading into the final stretch of 2024 and just days before next Tuesday's presidential election. Though prices pushed higher last month, inflation is firmly on a downward trend, with other data on Thursday showing labor costs posting their smallest gain in more than three years in the third quarter. The data likely keeps the Federal Reserve on track to cut interest rates next week and again in December. «We are not concerned that inflation's progress toward the Fed's target is stalling, let alone reaccelerating,» said Ryan Sweet, chief economist at Oxford Economics.

Buzz Aldrin, the second person to walk on the moon, has endorsed Donald Trump for the upcoming US Presidential elections. In a press release dated October 30, Aldrin expressed his support for Trump, highlighting the nation's pursuit of ambition, hope, and innovation. «America is a nation of bold ambition, hope, and energy. We are a nation of free thought, free association, and free movement. We are a nation that allows the best of humanity to emerge, and we strive for great things,» Aldrin said. He recalled his involvement in the mission to put a man on the Moon 50 years ago and voiced his disappointment in the government's inconsistent approach to space exploration. Aldrin, reflecting on his historic Apollo 11 mission over fifty years ago, voiced his disappointment with the government's fluctuating commitment to space exploration. He noted, «the government approach to space had waxed and waned,» describing it as a dynamic that «disappointed» him. However, he praised the Trump administration for reinvigorating national efforts in space, saying, «Under the first Trump Administration, I was impressed to see how human space exploration was elevated, made a policy of high importance again.»

U.K. Treasury chief Rachel Reeves has conceded that wages may rise by less than previously thought as a direct result of her budget decision to increase a tax that businesses pay for their employees

As a presidential race profoundly shaped by Americans’ frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels

Bandra East was a Shiv Sena stronghold until the last Maharashtra assembly elections, but with a triangular contest this time, the outcome in this suburban Mumbai seat has become more unpredictable. Zeeshan Siddique, then with Congress, won from the constituency in 2019, defeating the undivided Shiv Sena's Vishwanath Mahadeshwar, a former mayor. Zeeshan might have an edge due to the sympathy factor in the aftermath of his father, NCP leader and former Congress minister Baba Siddique's murder earlier this month. But locals also say that his decision to join the Ajit Pawar-led Nationalist Congress Party, an ally of the BJP, could go against him as the constituency has a sizable Muslim population. The Ajit Pawar-led NCP is part of the ruling BJP-Shiv Sena-NCP 'Mahayuti' alliance.

Kamala Harris and Donald Trump are at loggerheads in the last week leading up to the US elections, with their last phase of political campaigning before November 5 seeing everything from opponent bashing, to insensitively attacking Puerto Ricans from a Republican rally stage. All the action in the US is now around the American polls, and the mail-in votes may help somewhat in understanding which way the country is swaying towards.

US Vice President Kamala Harris and former US President Donald Trump in two critical Swing states, namely, Arizona and Nevada. According to The Hill, in Arizona, Democratic Presidential nominee Kamala Harris leads with a support of 48% among the likely voters while Republican Presidential candidate Donald Trump stands at 47% among the likely voters. The Hill reported, on the other hand, poll surveys are converse in Nevada where Donald Trump holds a significant advantage with 48% in comparison to Kamala Harris’s support of 47%. The national average of polls also reflects a similarly tight race where Democratic Presidential candidate Kamala Harris has 48.6% support whereas Donald Trump has 47.8% support, noted The Hill. The CNN polls were conducted pretty recently which involved near about 781 registered voters in Arizona and 683 registered voters in Nevada with the margin of error of +- 4.5% and 4.7% respectively.

Republican Party Ken Griffin expects that former US President Donald Trump is likely to win the upcoming US Presidential election on November 5, reported Fortune. In a panel discussion at Future Investment Initiative Summit in Saudi Arabia, he added that Donald Trump has successfully gained momentum in the recent polls and he is certainly leading up the prediction markets up to the US Presidential Election day. Fortune reported that Ken Griffin is positively known as a significant contributor in the committees of Republican political action who donates $100 million approximately during the cycle of every election. But lately he has also been seen to be refrained from directly supporting the campaign of Republican Presidential candidate Donald Trump as he focuses on the candidates who belong to the military and business backgrounds in the primary races. The US Presidential race remains competitive despite the rising popularity of Republican Presidential nominee Donald Trump. Several polls coming from the sources like the New York Times/Siena College and Reuters/Ipsos show that there is a narrow lead held by US Vice President Kamala Harris over Donald Trump.

Banrion Capital Management CEO Shana Sissel and Bullseye American Ingenuity Fund portfolio manager Adam Johnson on Meta and Alphabet earnings, and how a divided government could impact stocks.

An 18-year-old was arrested outside a Florida polling location Tuesday, where police say he tried to intimidate voters casting ballots in the presidential election by wielding a machete.

Daylight saving time (DST) affects approximately 400 million individuals across North America and is currently a focal point of discussion regarding its necessity. This biannual ritual of adjusting clocks forward in spring and back in autumn has been a staple in American, Canadian, and Cuban culture for over a century. However, recent legislative efforts and changing public opinions are prompting a reevaluation of its significance in today's world.

Social Security's combined retirement and disability trust funds are on track to be depleted in 2035, according to the program's trustees. If we reach that point, we will be confronting a drastic across-the-board benefit cut of roughly 17%. How would the two major-party candidates for president handle the problem?

US elections. In some of the key battleground states, Indian-origin voters are so large in numbers, that election trends can change within a fraction of a second if these voters decided on rooting for a certain party.

Free Trade Agreement (FTA) with India and is building towards that magic moment, Britain's minister in charge of the Indo-Pacific said during a special Diwali reception in London. Catherine West, parliamentary under-secretary of state in the Foreign, Commonwealth and Development Office (FCDO), referenced the previous Conservative government's Diwali 2022 deadline to complete the FTA negotiations as she reiterated the recently elected Labour government's commitment to get the deal done. The FTA negotiations, which were paused for general elections in both countries, are aimed at significantly enhancing the estimated GBP 38.1 billion a year bilateral trading partnership. «As the new government, we're still extremely keen to be getting on with our trade deal, which was meant to be signed a couple of Diwalis ago. But we don't mind, what's a Diwali between friends,» said West, addressing the FCDO's gathering of parliamentarians, community leaders and professionals at Lancaster House to celebrate the Festival of Lights. «Our new Comprehensive Strategic Partnership is in the works, and all of these things go to building towards that magic moment where we light the candle on the free trade agreement. While I'm thinking of a lot of different things (this Diwali), it would be good to light the candle on that deal. Please pray for those negotiations, so we can have the light that goes on to the best positive feelings and the magic that you do get when you get a deal,» she said.

US elections, where Donald Trump and Kamala Harris are stuck in a major political deadlock, with election trends showing that they are leading and trailing within the margin-of-error, which means that the fight can go either way when the election commences.

Across the U.S., people's phones are pinging with text messages from Donald Trump, Kamala Harris and their allies