Author: starbpo

What do you think Kamala Harris and Donald Trump think about the things that really mean to you? MarketWatch will show you what the two presidential candidates’ plans are. The election is coming up quickly on Tuesday, and voters always say that the economy is one of their biggest worries. Here are some stories from MarketWatch reporters about important economic and money problems. Tax cuts and rises Trump and Harris have both proposed a wide range of tax cuts and raises. For example, Harris has suggested that tips should not be taxed. Trump would keep all of the tax cuts…

The Dow Jones Industrial Average will now include Nvidia Corp. instead of Intel Corp. This shows a change in the guard in technology and the fall of a once-dominant company. Dow Jones Market Data says that Intel INTC 7.81% joined the Dow DJIA 0.69% exactly 25 years ago. However, the company has lost its top spot as a chip giant because it hasn’t kept up with the latest trends. A lot of hot chip stocks have hit new highs lately, but Intel’s record close was in 2000, and the stock is now trading 69% below that level. This year, the…

As members of Boeing Co.’s machinists union got ready for a third contract vote on Monday, the company’s stock went up 4% on Friday on hopes that the expensive strike would end. However, the company’s bonds were also looking good. The aerospace giant’s new deal comes after two previous ones were turned down by the union. The following chart from BondCliQ Inc., a data solutions provider, shows that the company’s outstanding bonds now have very high yields after growing with Treasury yields over the past month. The yield move is shown by the yellow line. These notes from the company…

As an older voter, Marcia Kaiser, 74, may be worried about things like handling her money and health care. However, she is also very focused on other problems this election season, such as climate change and women’s rights. It’s important to her that people have power over their bodies this year, says the retired teacher and grandmother. She said, “You don’t have a life if you don’t have control over your body.” “That’s your body, and that’s your right.” “Men or women.” Kaiser does, of course, think about other things. The weather makes her worry about what will happen to…

With less than a week to go, voters saw a jobs report that was skewed by hurricanes and a strike at Boeing. This threw off the picture of the U.S. economy just as Kamala Harris and Donald Trump were getting ready to run against each other after one of the most nasty campaigns in recent memory. The Trump team said the report was a “catastrophe” and showed how badly Harris, who is vice president now, has run the economy. But the October report tells us more about the economy as a whole, and we need to think about that before…

You can feel the stress. In the next five trading days, there will be an election, the monthly report on nonfarm payrolls in the U.S., and a vote on Federal Reserve policy. Money people are also wary of how much some huge tech companies are worth. The worry was clear in the S&P 500 SPX’s 1.9% drop on Thursday, which ended a five-month winning streak for the main stock index. The CBOE VIX VIX, which shows how volatile the stock market is predicted to be, is 22.5, which is higher than the front-month VIX future, which is 20.6. “The VIX…

Based on how the stock market has done so far this year, a model that predicts the current political party’s chances of winning the election says that Vice President Kamala Harris’s chances of winning are lower than they were two weeks ago. That being said, the model still says that Harris, the Democratic candidate for president, will likely win on Tuesday, giving her a 69% chance of winning. Harris had a smaller chance of winning on Oct. 31 than it did on Oct. 17, when I last wrote about this model (72%). This is because the Dow Jones Industrial Average…

Friday’s earnings report for Exxon Mobil Corp.’s third quarter showed a profit beat that made up for a miss on sales. The company also raised its quarterly dividend by 4%. Chief Executive Darren Woods said in prepared comments, “We had one of our best third quarters in ten years.” The company said that 3.2 million barrels of liquids were created every day, which was the most in 40 years. Exxon XOM made $8.61 billion, or $1.92 a share, for the quarter. This is up from a loss of $630 million, or 22 cents a share, during the same time last…

On Friday, U.K. bond yields continued to rise because fixed-income buyers are upset about more bonds being issued. The 10-year gilt yield BX:TMBMKGB-10Y went up by 9 basis points to 4.52% on Friday. At the start of her budget speech on Wednesday, Chancellor of the Exchequer Rachel Reeves said that the return was 4.25%. Prices go up and down, but yields go down. There were changes of about the same size at the short BX:TMBMKGB-02Y and long BX:TMBMKGB-30Y ends of the yield curve. The pound GBPUSD was moving just above $1.29, having been above $1.30 at the start of budget…

Fed Chair Jerome Powell’s assessment that his colleagues had “strongly different views” about what to do in December and his caution that a rate cut at that meeting was “far from… a foregone conclusion” were the highlights of his news conference on Wednesday. Derivative market traders reduced their expectations of a cut to 67% from 90% a day earlier after listening to Powell’s unprompted explanation regarding December. The Fed did lower rates by a quarter-percentage point, as was to be expected, but the focus of the conversation and the market’s response was the expectation for the meeting on December 9–10.…