Wall Street is making a push for more extended hours in the stock market, and Trumpβs incoming regulators are likely to approve. What to know so you donβt lose your shirt.
Oil prices gained more than 1% in early European trade as growing concerns over escalating tensions between Russia and Ukraine offset an unexpected rise in U.S. crude stockpiles.
The dollar was steady and ING said it is likely to continue trading in a higher range, with the market shifting away from pricing a December interest-rate cut by the Fed as it braces for Donald Trumpβs second presidency.
The Hang Seng closed down 0.5%, with tech companies leading the declines and as investors focused on earnings, with Baidu slated to report results later Thursday.
Robinhood Markets is proving to be a big winner from the post-election rally, as the brokerage that pioneered zero-commission trading and pushed into crypto is poised to benefit from President-elect Donald Trumpβs light-touch approach to regulation. Robinhood stock is up about 45% since Election Day, putting it on track for its highest closing price in more than three years. Analysts expect the Trump administrationβs crypto-friendly stance to benefit Robinhood, which was facing a potential legal fight with the Securities and Exchange Commission over its crypto business.
Ahead of whatβs projected to be the largest wealth transfer in history, Robinhood is bringing financial advisers directly to its 24 million customers.
U.S. crude oil inventories rose last week as an increase in imports offset a decline in production, while refineries ran at a lower rate than the week before.