Schroders: congressional gridlock may prove costly this time City Talk This year’s US midterms look set to produce a divided government in Washington. Investors have historically viewed congressional gridlock as market-friendly, but that assumption may no longer hold, says George Brown Midterm elections are often a painful reckoning for the party in power, with current polling suggesting the Republicans are unlikely to escape that fate. [...]
Standard Chartered shares struggle to rebound after US lawmaker triggered $3bn sell-off Banking Shares in Standard Chartered inched higher on Monday, but failed to fully recover from a dramatic sell-off at the end of last week that was triggered by a United States congresswoman. The bank’s stock nudged up by one percent as markets opened, reaching 1,319.50. But, this remained far below the 1,407 price point prior to [...]
President Trump threatens to double tax rates for foreign firms Politics Donald Trump has threatened to double tax rates for foreign nationals and companies in the US in what he said was a bid to hit back at “discriminatory” duties on American firms. The President set out a memo on his ‘America first’ trade policy on Monday which referred to an almost 100-year old element of [...]
Want to beat the market like a member of Congress? Now you can August 15, 2024 US politicians have long come under fire for their stock trading activity. Politicians’ trades have been shown to perform twice as well as the market average. In some high-profile cases, members of Congress have bought into companies just days before their share prices skyrocketed after positive developments. Now, Etoro has launched three new portfolios to [...]
What’s happening to Gamestop shares and who is ‘Roaring Kitty’? May 15, 2024 Investing celebrity Roaring Kitty has caused another rally in Gamestop and other so-called "meme stocks" - who is he and what is he up to?