The year 2024 was quite an eventful one for the U.S. stock market, with the S&P 500 Index gaining more than 20% for the second consecutive year. Several factors, including elevated inflation and interest rates, geopolitical tensions, the U.S. presidential elections, and the generative artificial intelligence (AI) boom influenced investor...
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Stanley Druckenmiller says ‘animal spirits’ are back in markets because of Trump with CEOs ‘giddy’
Billionaire investor Stanley Druckenmiller believes Donald Trump's re-election renewed a jolt of speculative enthusiasm in the markets and surging optimism within businesses."I've been doing this for 49 years, and we're probably going from the most anti-business administration to the opposite," Druckenmiller said on CNBC Monday. "We do a lot of talking to CEOs...
Trading platform Dub will pay some retail investors to share portfolios through TikTok-like ‘creator program’
Manusapon Kasosod | Moment | Getty ImagesDub, a platform that allows retail traders to mimic the investments of notable people in business and government, debuted a service Thursday that pays select everyday investors to share their portfolios.Retail traders accepted into Dub's so-called top creator program will be paid royalties for...
Home insurance costs soaring as climate-related events surge, Treasury Department says
A firefighter douses flames during the Eaton fire in Pasadena, California on January 08, 2025. Josh Edelson | Afp | Getty ImagesClimate-related natural disasters are driving up insurance costs for homeowners in the most-affected regions, according to a Treasury Department report released Thursday.In a voluminous study covering 2018-22 and including some...
DOT sues Southwest, fines Frontier for ‘chronically delayed flights’
A Southwest Airlines Boeing 737 departs Los Angeles International Airport en route to Las Vegas on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty ImagesThe Department of Transportation on Wednesday sued Southwest Airlines, alleging the carrier operated chronically delayed flights, and fined Frontier Airlines for late-arriving flights.The lawsuit...