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U.S. equities rose at midday, with the S&P 500 and Nasdaq trading at record highs, as tech stocks powered the advance.

Global stock and currency markets helped European hedge funds finish November with positive results, as markets surged on a U.S. election win for Donald Trump and the Republicans, performance numbers seen by Reuters on Wednesday showed. These performance details included some hedge funds that profited from so-called Trump trades which punished tariff-sensitive assets from European exporters to Mexico's peso and drove investment towards U.S. stocks and the dollar. Sharp moves globally in currencies and stocks helped the $700 million Paris-based Metori Capital Management to an estimated month-end performance of 4.6% for November in its Metori Epsilon Diversified fund, taking the 2024 return up to 13.4%, said a source familiar with the fund's performance.

(Bloomberg) -- European stocks advanced for a fifth consecutive session as German shares hit a fresh record. Investors were watching the no-confidence vote taking place in France. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe Stoxx Europe 600 Index rose 0.4% by the close, with retail stocks leading the gains. Spanish retailer Inditex SA jumped to a record high ahead of earnings and Zalando S

(Bloomberg) -- Tariffs imposed on China during President-elect Donald Trump’s first term had negative effects for the US economy, according to newly released research from the Federal Reserve Bank of New York. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe findings come as Trump has threatened to wield tariffs more aggressively against US trading partners when he takes office in January, inje

Keith Cleason immediately takes over the packaging and specialty plastics unit, following Karen Carter’s promotion to chief operating officer.

U.S. President-elect Donald Trump's pro-crypto stance is prompting small businesses to allocate portions of their cash to bitcoin, challenging the dominance of traditional assets as companies look for more robust inflation hedges. Over the past month, biotech firms Enlivex Therapeutics, Acurx Pharmaceuticals and Hoth Therapeutics have set a target of purchasing up to $1 million of bitcoin to hold as a treasury reserve asset. The moves underscore the growing appeal of bitcoin as a legitimate tool for corporate treasurers, who see it as a better alternative in a landscape fraught with economic uncertainty, geopolitical risks and fiscal concerns that have complicated the outlook for conventional assets like Treasuries and cash.

General Motors (GM) said Wednesday that it expects a more than $5 billion profit hit amid competitiv