Credit markets jump as U.S. election results come in

Credit markets rose on Wednesday as results from a tight U.S. presidential race continued to trickle in, fueled by expectations that lawmakers will eventually provide fiscal stimulus to stave off the economic effects of the coronavirus pandemic regardless of who wins the White House.

Analysts' View: Stocks surge as U.S. presidential election still undecided

U.S. stocks surged on Wednesday, while longer dated Treasury yields buckled on Wednesday as results from the U.S. presidential election proved far closer than expected and the Senate appeared likely to remain in Republican hands, keeping legislative gridlock in place.

Stocks rally as Wall Street cheers potential gridlock

U.S. stocks surged on Wednesday as the race for the White House remained undecided and the likelihood of gridlock in Congress gave investors optimism that major policy changes would be hard to enact.

Oil rises 4% after Trump falsely claims victory in tight U.S. election

Oil prices rose nearly 4% on Wednesday after President Donald Trump falsely claimed victory in a tight U.S. election with millions of votes still to be counted and after data showed a large decline in U.S. crude inventories.

Stocks, dollar gain as unclear US election thwarts Democratic sweep

The dollar rose and world equity markets rallied on Wednesday as investors bet that a progressive "Blue Wave" Democratic agenda of heavy fiscal spending and more regulation was unlikely as the outcome of the U.S. presidential election remained unclear.

Investors positioning for U.S. gridlock, dialing back bets on large stimulus and tax hikes

Investors began pricing in a greater chance of gridlock in Washington, scaling back predictions of a large coronavirus relief bill, as votes continued to be tallied from Tuesday's U.S. presidential election, which was much closer than opinion polls had suggested.

Uber, gig economy companies see California win as national model

Gig economy companies want to turn California voters' decision to make ride-service drivers contractors into a model for the nation, as several states consider requiring drivers from Uber, Lyft and rival services be treated as employees with higher compensation.

Analysis: No White House result? Wall Street's 'fear gauge' shows less panic

Going into Election Day, market participants fretted about possibly waking up to an unclear result. But with that outcome realized, they seem remarkably calm about not knowing the winner of the U.S. presidential race.

Wall Street turns on pollsters as U.S election leaves markets in limbo

Leading up to the U.S. election on Tuesday, popular polls wavered about who would win and by how much. In the span of a couple months, they shifted from a likely victory for Republican President Donald Trump to a tight election contest, and then to a win for Democratic candidate Joe Biden.

U.S. judge unsure if he has grounds to issue new TikTok injunction

A U.S. judge said on Wednesday he was uncertain if he had a legal basis to bar the U.S. Commerce Department from imposing restrictions on video-sharing app TikTok after a Pennsylvania judge had already blocked the government's plan on Friday.

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