Netanyahu fired Israeli Defense Minister Yoav Gallant. Israeli...
Netanyahu fired Israeli Defense Minister Yoav Gallant. Israeli Prime Minister Benjamin Netanyahu said there was a “crisis of trust” between them when he announced the surprise sacking yesterday. The popular defense minister—whose dismissal sparked mass protests across the country—oversaw Israel’s war effort in Gaza and Lebanon. He had long been at odds with Netanyahu and the far-right members of the PM’s coalition government over Israel’s war aims. Gallant spoke in favor of promoting an alternative to Hamas to govern postwar Gaza and recently called for at least a temporary diplomatic deal to return the hostages. His firing came shortly after the defense ministry sent conscription notices to ultra-Orthodox men, another political flashpoint. Israel’s current foreign minister, the Netanyahu loyalist Israel Katz, will become the new defense minister.
Non-credible bomb threats against polling sites in the Atlanta area came from Russia, Georgia’s secretary of state said.
Netflix offices in Paris and Amsterdam were reportedly raided as part of a tax fraud investigation.
Yum Brands failed to meet Wall Street’s revenue estimates as those combination Pizza Hut and Taco Bells just don’t hit like they used to.
Bernie Marcus, the billionaire co-founder of Home Depot and GOP megadonor, died at 95.
Oil prices edge up on Gulf of Mexico storm ahead of US election results
(Reuters) - Oil prices edged up about 1% on Tuesday with a storm expected...
(Reuters) - Oil prices edged up about 1% on Tuesday with a storm expected to cut U.S. output in the Gulf of Mexico and as the U.S. dollar weakened on Election Day with polls showing America's presidential race exceptionally close.
Brent crude oil futures rose 45 cents, or 0.6%, to settle at $75.53 a barrel. U.S. West Texas Intermediate (WTI) crude rose 52 cents, or 0.7%, to settle at $71.99.
"Crude oil is bid (up) on bullish supply/demand dynamics, geopolitics, and election fever, with a little weather thrown in for good measure," Bob Yawger, director of energy futures at Mizuho, said in a report.
The U.S. presidential contest between Republican former President Donald Trump and Democratic Vice President Kamala Harris hurtled toward an uncertain finish as Americans headed to the polls.
"The (election) result might not be known for days, if not weeks, and it will most plausibly be challenged and contested," said Tamas Varga, an analyst at PVM, a brokerage and consulting firm that is part of TP ICAP.
Dow surges over 400 points as U.S. stocks finish sharply higher on Election Day
Heading into election night, stocks delivered their strongest session...
Heading into election night, stocks delivered their strongest session in weeks on fresh signs of economic strength even while Treasury yields and volatility eased. How things go tomorrow could depend on what investors know by then, and the big question might be unanswered when Wednesday's opening bell rings.
"Remember, Joe Biden was not declared the winner until the Saturday after Election Day in 2020, and the polls were not nearly as tight in the run-up to that race as they have been in 2024," said Michael Townsend, managing director, legislative and regulatory affairs at Schwab. "Market volatility is likely to increase this week if we have ongoing uncertainty about the outcome."
He added, "Markets don't care much about the outcome, but the markets are eager for an outcome. Investors, like most people, mostly just want the election behind them."
If you're wondering how the outcome might affect the market, check the latest election insights from Schwab's experts. Issues like taxes, immigration, and the regulatory environment all could be affected by the results. You can also learn how to follow futures trading trends tonight as vote totals roll in.
Here's where the major benchmarks ended:
The S&P 500®index (SPX) rose 70.07 points (1.23%) to 5,782.76; the Dow Jones Industrial Average® ($DJI) added 427.28 points (1.02%) to 42,221.88; and the Nasdaq Composite®($COMP) increased 259.19 points (1.43%) to 18,439.17.
The 10-year Treasury note yield (TNX) dropped two basis points to 4.29%.
The CBOE Volatility Index® (VIX) slipped to 20.72.
Diamondback Swaps Delaware Assets, Pays $238MM For TRP's Midland Assets
Fresh off closing a blockbuster acquisition of Endeavor Energy...
Fresh off closing a blockbuster acquisition of Endeavor Energy Resources,Diamondback Energy is getting deeper in the Midland Basin through an acreage trade with TRP Energy.
On Nov. 3, Diamondback and TRP entered into an agreement under which Diamondback will trade certain Delaware Basin assets and pay $238 million in cash in exchange for TRP’s Midland Basin assets.
TRP’s Midland assets include around 15,000 net acres in Upton and Reagan counties, Texas, and 55 remaining undeveloped operated locations, Diamondback said while announcing third-quarter earnings on Nov. 4. The deal also includes 18 DUCs.
Boeing machinists accept an offer, will return to work
Fifty-nine percent of the rank-and-file members of the International...
Fifty-nine percent of the rank-and-file members of the International Association of Machinists at Boeing’s West Coast factories voted yes to the struggling plane company’s third contract offer, which will provide them with a 43% pay increase over the next four years. They will also get a ratification bonus of $12,000, but they won’t get the traditional pension plan they fought for. However, union leaders had urged the membership to vote yes on the offer and “lock in these gains and work to build more in future negotiations.” The Anderson Economic Group estimated that the workers lost $600 million in wages while striking, and Boeing lost $6.5 billion through the end of last week. The biggest loser was the US economy, which shed $11.5 billion due to the strike. The union members will return to work tomorrow.
