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Businessweek Daily: Dems Stage Midterm Sweep (Podcast)

1 week ago
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Riding a tide of voter angst, Democrats swept into power in Congress, with outrage over the cost of living and the war in Iran leading to a thundering rebuke of President Donald Trump and his party just two years after his dominant White House comeback. In a seismic political shift, Democrats’ strength suggested a breakdown of the coalition that delivered Trump a second term. The election results threaten to slow the pace of the AI infrastructure buildout, with policymakers potentially turning up the heat on increasingly unpopular data center projects. On today's episode: Joe Mathieu, Bloomberg 'Balance of Power' Co-Host Brody Ford, Bloomberg News Tech Reporter Nathan Dean, Bloomberg Intelligence Senior US Policy Analyst Joe Lovinger, Bloomberg News Texas Reporter (Source: Bloomberg)

Dollar Retreats as Democrats Retake Control of Congress

1 week ago
The dollar index (DXY00 ) tumbled to a 5-week low on Wednesday and finished down by -0.32%. The dollar sank Wednesday after Democrats swept Congress in the US midterm elections, fueling concerns about political gridlock and tougher tech regulation that could curtail foreign demand for US assets. Wednesday’s -8% plunge...

Stocks Surge on Midterm Election Optimism

1 week ago
The S&P 500 Index ($SPX ) (SPY ) closed up +1.58% on Wednesday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +3.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.91%. December E-mini S&P futures (ESZ26 ) rose +1.60%, and December E-mini Nasdaq futures...

Stocks Surge on Midterm Election Optimism

1 week ago
The S&P 500 Index ($SPX ) (SPY ) closed up +1.58% on Wednesday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +3.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.91%. December E-mini S&P futures (ESZ26 ) rose +1.60%, and December E-mini Nasdaq futures...

Arabica Coffee Falls in Expectations of Larger Brazil Coffee Exports

1 week ago
December arabica coffee (KCZ26 ) closed down -4.20 (-1.48%) on Wednesday, and January ICE robusta coffee (RMF27 ) closed up +18 (+0.56%). Coffee prices settled mixed on Wednesday, with arabica falling to a 5-week low. Coffee prices recovered from their worst level on Wednesday, with robusta moving into positive territory...