All posts by: r4ibom

Friday’s top personal finance stories

The S&P 500 index on Friday closed below its July 31 finish, a move that turns the “Presidential Predictor” in favor of a victory by Democratic challenger Joe Biden over President Donald Trump in the Nov. 3 election.

The S&P 500 index on Friday closed below its July 31 finish, a move that turns the “Presidential Predictor” in favor of a victory by Democratic challenger Joe Biden over President Donald Trump in the Nov. 3 election.

An analysis shows dozens of companies have ‘headroom’ to raise their payouts.

Facebook Inc. shares were taking a drubbing Friday after the social network announced record revenue but threw some serious shade about its prospects in 2021. Regulation, a slip in usage in U.S. and Canada, and intensifying ad competition are among the worries.

The U.S. death toll from the coronavirus illness COVID-19 headed toward 229,000 on Friday and cases edged toward 9 million, with infections climbing in all swing states just days ahead of the presidential election.

A measure of consumer confidence rose in late October to a new pandemic high, largely reflecting growing optimism among Democrats that Joe Biden will win the presidential election.

Rising inflation might be finally a bigger fear than declining prices – and populism might be behind it.

The S&P 500 index is on track to close below its July 31 finish, a move that would turn the “Presidential Predictor” in favor of a victory by Democratic challenger Joe Biden over President Donald Trump on Tuesday.

A win for Joe Biden in the presidential election is likely to be beneficial for European stocks, strategists said, with a number of sectors set to stand out.

Gold edges higher Friday as the U.S. dollar loses some ground, but the yellow metal remains on track for a weekly loss after failing to find haven-related support despite a stock-market selloff.

European equities recovered from earlier losses, with investors focused on falling technology shares in the U.S. A week of increasing concerns over COVID-19 and restrictions have taken a toll on markets.

Oil prices flip between small gains and losses Friday but were on track to book a large October fall as rising COVID-19 cases in the U.S. and Europe pose a renewed threat to demand.

David Trainer, founder of the independent research firm New Constructs, has put out a list of five stocks to own regardless of the election. He says all these picks have attractive risk vs. reward, large cash reserves and strong market share.

Stock-index futures point lower Friday, with investors waving off strong quarterly results from tech heavyweights to focus on uncertain guidance that underlines unease about the outlook amid a continued surge in COVID-19 cases in the U.S. and Europe.

Passenger traffic at Europe’s airports fell 73% in September, compared with the same month in 2019, bringing the total volume of lost passengers since January to 1.29 billion.

Higher corporate tax rate could hit private equity pay.