🛑 Midterm Gridlock Incoming??

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Markets

U.S. stock futures waver with midterm results likely to result in gridlock (3 minute read)U.S. stock futures on Wednesday were struggling to extend a winning run to a fourth day, as midterm elections looked to deliver the desired gridlock in Washington, nudging bond yields and the dollar lower. On Tuesday, the Dow Jones Industrial Average rose 334 points, or 1.02%, the S&P 500 increased 21 points, or 0.56%, and the Nasdaq Composite gained 52 points, or 0.49%, to 10616. The S&P 500 is up 7% from its 2022 closing low hit in mid October, but remains down 19.7% for the year to date.

European markets pull back slightly as investors await U.S. midterm results (4 minute read)The pan-European Stoxx 600 was down 0.4% in early trade, with travel and leisure stocks shedding 1% as most sectors and major bourses slid into the red. The midterm elections will determine whether Democrats keep their slim majorities in the House and Senate, or if Republicans will seize control of one or both chambers of the legislature, an outcome that would mean there’s a significant power shift in Washington and the potential for gridlock.

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Investing

Adidas halves FY income outlook after Kanye West split (4 minute read)Adidas slashed its net income forecast for 2022 in half on Wednesday as it weighed the impact of its split from the rapper formerly known as Kanye West ahead of the key Christmas season. The company now expects net income from continuing operations of around 250 million euros ($251.53 million) this year, down from a target of around 500 million euros set out in a statement on Oct. 20.

Coinbase stock plunges on news of Binance-FTX merger (5 minute read)Shares of Coinbase Global Inc. tumbled in active trading Tuesday as the cryptocurrency platform faced concerns over increased competition from the Binance-FTX merger deal. The stock COIN, which was down 13.2% in afternoon trading, was headed for its first close below the $50 mark since July 1. Trading volume ballooned to 54.2 million shares, compared with the full-day average over the past 30 days of about 11.4 million shares.

Which Investment Type Typically Carries The Least Amount of Risk? (10 minute read)It's no secret that the stock market is a risky investment. When it comes to your investments, there are a lot of options to choose from. Each type of investment has its own unique set of risks and rewards. In this article, we'll take a look at which investment type typically carries the least risk, and why. We'll also discuss how to choose low risk investments that are right for you.

1 Growth Stock Down 94% to Buy Now and Hold for the Next Decade (8 minute read)It takes resolve to buy a stock that has lost 94% of its value, especially in the case of GoPro. Its decline began way back in 2014, after it hit its all-time high of $93.85. GoPro is shaking up its sales channels for its market-leading action cameras, while also focusing on new, subscription-based revenue streams. The result so far has been consistent profitability, which is gradually reducing the risk of owning GoPro stock and paving the way for future upside.

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Money

How To Enjoy Your Life After The Fed Ruins The World (5 minute read)Enjoy your life, no matter the economic situation. If you do, then you’ll always be winning. The key is to recognize reality and take appropriate action. Can you imagine struggling through a pandemic for three years, finally coming up for air only to be run over by a speedboat driven by a rich central banker?

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