Stocks near records lift as Trump sentiment sways markets
U S stocks edged toward records on Monday with the S P 500 up 0 3 percent to 5631 22 the Dow at a record 40211 72 and the Nasdaq at 18472 57 as investors priced in easing inflation and potential Fed rate cuts. Heavy gains in Trump linked names like Trump Media Technology Group plus a rally in financials JPMorgan Chase and Goldman Sachs supported the upside while BlackRock edged lower after mixed results. The session reflected bets on a Republican shift and a resilient drive in risk assets.
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New York
U.S
Wall Street
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Donald Trump
Trump Media & Technology Group
Trump
Ronald Regan
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Joe Biden
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iShares Exchange-Traded
Goldman Sachs profits more than double in Q2
Goldman Sachs reports a 150 percent jump in second quarter profits with net earnings of 3.04 billion dollars or 8.62 per share. The improvement follows a revival in dealmaking and underwriting after a slow period.
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New York
Goldman Sachs
New York Investment Bank
Goldman Sachs profits rise as revenue broadens in upbeat market
Goldman Sachs posted higher revenue across most units in the latest quarter as a wider market revival boosts dealmaking. Investment banking fees jumped 21 percent aided by debt underwriting. fixed income trading up 17 percent. equities up 7 percent. asset management up 27 percent aided by fees and investment values. One time charges linked to winding down consumer banking weighed on results.
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Goldman Sachs
Goldman
Wall Street
OpenAI whistleblowers push SEC probe on NDAs
Whistleblowers urge SEC to investigate whether OpenAI illegally restricts workers from raising AI risk concerns. The letter cites NDAs and asks swift enforcement, while OpenAI says policies protect disclosures and notes removing restrictive terms. Macy’s ends buyout talks as Arkhouse Brigade offer deemed not compelling. shares fall.
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Powell says Fed more confident inflation headed to 2 percent
Federal Reserve Chair Jerome Powell voiced growing confidence that inflation is slowing toward the 2 percent target and signaled rate cuts could come without waiting for inflation to fully reach 2 percent. He noted recent readings show a easing trend while avoiding timing hints for a first cut.
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Powell
Washington
Jerome Powell
Federal Reserve
Fed
Economic Club of Washington
Wall Street
Mary Daly
San Francisco
Daly
Senate
Biden to propose 5 percent cap on annual rent hikes
President Biden plans a 5 percent cap on yearly rent increases for landlords owning 50 or more units, a move aimed at easing housing costs amid inflation. The plan, to be announced during a Nevada visit, hinges on Democratic control of Congress and faces criticism for potentially reducing new housing supply.
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Joe Biden
Nevada
Biden
Congress
NATO
Washington Post
White House
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