Markets Now Tuesday, July 16, 2024

The Dow’s surge is a calculated response to political turmoil

Financial markets have a way of responding to chaos that often feels icky.  
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It’s not just Bob Menendez: Americans really love gold bars

On Tuesday, Sen. Bob Menendez was found guilty on 16 counts including bribery, extortion, wire fraud, obstruction of justice and acting as a foreign agent.  
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Here’s why people have fond memories of the Trump economy

In 2018, Jonathan and Trista Schmier felt the economy was so strong that they could take a big risk. They quit their property management jobs and opened a restaurant, Rustic Burger, in Fayetteville, North Carolina.  
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Elon Musk is going all-in on Donald Trump

At first glance Elon Musk and Donald Trump wouldn’t seem to be natural allies.  
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Dow and S&P 500 close at record highs as investors bet on September rate cut

Stocks surged Tuesday as Wall Street raised its bets that sky-high borrowing rates could come down in the fall.  
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Elon Musk says he’s moving SpaceX and X to Texas

Elon Musk says he’s moving his companies out of California.  
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Source: CNN Business

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