• US stocks have blown past the rest of the world for years. That winning streak is about to end

    6 days ago - By Business Insider

    An American Flag flies in blizzard-like conditions on January 23, 2016 in the Brooklyn borough of New York City.
    Spencer Platt/Getty Images
    US stocks have outperformed the rest of the world for over a decade, but that streak is about to end.
    Moves by the Federal Reserve, a weaker US dollar, trade policy from the Biden administration, and the end of the pandemic will all contribute to the US underperformance.
    Neil Dutta is head of economics at Renaissance Macro Research.
    This is an opinion column. The thoughts expressed are those of the author.
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  • Trump's nightmare scenario of being impeached, convicted, then barred from public office for life is looking more and more likely

    6 days ago - By Business Insider

    Senate Majority Leader Mitch McConnell and House Minority Leader Kevin McCarthy with President Donald Trump in the Oval Office in March 2020.
    JIM WATSON/AFP via Getty Images
    Shorn of GOP support after the riot at the US Capitol, President Trump is facing a three-part reckoning in Congress.
    The House is due to vote today on impeaching him for his role encouraging last week's violence.
    Republicans have been moving in support of such a move, making it likely to succeed.
    In the Senate, which would conduct Trump's trial, once-loyal Republicans are also said to be wavering, raising the prospect...
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  • Oil prices rise to near 1-year highs as vaccines, stimulus and Saudi Arabian production cuts lift the energy outlook

    6 days ago - By Business Insider

    US oil producers stand to benefit from Saudi Arabia's promised cut in output, which has already lifted prices
    Angus Mordant/Reuters
    Brent and WTI crude oil prices rose on Wednesday, approaching 1-year highs as investors bet stimulus and vaccines would fuel an economic recovery.
    Saudi Arabia's oil output cuts also lifted sentiment, while data showed a bigger-than-expected drop in US inventories.
    Analysts said 2021 is set to see a solid recovery in oil prices, as businesses reopen and global trade and travel resume.
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  • The bank that loaned Trump money to buy a $18 million home next to Mar-A-Lago is the latest lender to cut ties with the president following the US Capitol siege

    6 days ago - By Business Insider

    US President Donald Trump.
    Chris Jackson/Getty Images
    Florida-based Professional Bank said Tuesday it would no longer provide banking services to President Donald Trump or the Trump Organization.
    The bank loaned Trump $11.2 million in 2018 so he could purchase a $18 million home next to his Mar-A-Lago club for his sister, Maryanne Barry Trump.
    Professional Bank "will be winding down the relationship effective immediately," a spokesperson told Bloomberg.
    Professional Bank joins the likes of Deutsche Bank and Signature Bank, two of Trump's favored banks, in cutting ties with the president...
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  • Fox personality Geraldo Rivera, a personal Trump friend, supports impeachment and admits he may have 'refused to see' earlier problems

    6 days ago - By Business Insider

    Fox News contributor Geraldo Rivera and President Donald Trump.
    Getty/Getty
    Fox News correspondent Geraldo Rivera said he supports the impeachment of President Donald Trump, slamming him for having "unleashed a mob."
    Rivera tweeted in reference to Trump encouraging supporters march on the US Capitol , which soon evolved into a riot that left five people died.
    Pondering Trump's mindset, Rivera tweeted that losing the election "made him crazy or revealed a dysfunction I had refused to see."
    Rivera is a longtime Trump friend, but called on the president to concede a few days after the...
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  • US stock futures rise and oil nears 1-year high as investors shrug off Donald Trump impeachment and cheer stimulus

    6 days ago - By Business Insider

    Vice President Mike Pence signaled he would not seek to remove President Donald Trump from office
    Carlos Barria/Reuters
    US stock futures rose, as investors looked past the likely impeachment of President Donald Trump towards the stimulus expected under the administration of Joe Biden.
    Oil prices rose again, approaching a 1-year high, as investors bet vaccines and stimulus would increase energy demand.
    US Treasury yields fell after a well-received government auction and Federal Reserve officials signaled they would not seek to wind down stimulus for some time.
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