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When Trump ran for president in early 2016, US equities were on shaky footing, posting their worst start to a year since the financial crisis with a drop of more than 5% in January. By the time of his inauguration, the S&P 500 was coming off a 9.5% gain in 2016 after ending 2015 in the red. The index was trading at 17 times projected earnings. The yield on 10-year Treasuries was around 2.5%, and the fed funds rate sat at 0.75%.
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Genpact, a global professional services firm, reported a 13% rise in net income to $133 million for Q3 2024, driven by a 7% increase in revenue to $1.21 billion. The company forecasts continued revenue growth in the fourth quarter and full year, fueled by client demand for its data, technology, and AI solutions.
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Joe Biden will meet with President-elect Donald Trump at the White House on Wednesday after the US leader pledged an orderly transfer of power following the Republican's decisive election victory. 00 am (1600 GMT), the White House said Saturday, with the clock ticking down to the ex-president's return to power in January.
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News and Media
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