Going into Election Day, market participants fretted about possibly waking up to an unclear result. But with that outcome realized, they seem remarkably calm about not knowing the winner of the U.S. presidential race.
U.S. stocks surged to close higher on Wednesday as the presidential election race remained cloudy but the likelihood of gridlock in Congress made investors optimistic that major policy changes would be difficult to enact.
Going into Election Day, market participants fretted about possibly waking up to an unclear result. But with that outcome realized, they seem remarkably calm about not knowing the winner of the U.S. presidential race.
The European Union's Brexit negotiator said on Wednesday (Nov 4) "very serious divergences" remained in trade talks with Britain and suggested the bloc would rather accept disruptions in commerce in eight weeks' time than yield on its key demands.
A U.S. judge said on Wednesday he was uncertain if he had a legal basis to bar the U.S. Commerce Department from imposing restrictions on video-sharing app TikTok after a Pennsylvania judge had already blocked the government's plan on Friday.
Wall Street breathed a sigh of relief on Wednesday, as the latest U.S. election tallies pointed to a divided government that made the prospect of tax hikes advocated by Democratic presidential candidate Joe Biden unlikely.
WASHINGTON: US private payrolls increased less than expected in October and activity in the services industry cooled, providing early signs of a slowdown in economic growth as fiscal stimulus diminishes and new COVID-19 infections surge across the country. The recovery from the coronavirus ...
Wide divergences between Britain and the European Union remain after the latest talks to find a trade deal, Britain's chief negotiator David Frost said on Twitter on Wednesday.
The United States' big technology names led gainers on Wall Street on Wednesday, as investors sought the security of this year's big stay-at-home corporate success stories in the face of a presidential election set to go down to the wire.
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