Dion Rabouin
Dion Rabouin
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RECENT ARTICLES
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Wall Street is no longer betting on Trump

Wall Street is no longer betting on Trump

Illustration: Sarah Grillo/AxiosBetting markets have turned decisively toward an expected victory for Joe Biden in November — and asset managers at major investment banks are preparing for not only a Biden win, but potentially a Democratic sweep of the Senate and House too.Why it matters: Wall Street had its until recently — even in the midst of the coronavirus-induced recession and Biden's rise in the polls. By the numbers: A Citigroup poll of 140 fund managers released last week found that 62% expect a Biden win, compared to 70% who expected a Trump victory in the same survey in...

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Dion Rabouin
6d ago
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The stock market's unbalanced rebound

The stock market's unbalanced rebound

Photo: Alexi Rosenfeld/Getty ImagesThe Nasdaq hit a new record high on Friday and the S&P 500 and Dow are close to doing the same, but the rally has not been universal, .What it means: "Most stocks are down this year, many by 20% or more. A few fortunate winners have generated big gains, fueling the misperception that losses have been minimal. The result is a market that isn’t as irrationally exuberant as it might appear."The big picture: Large cap growth stocks are leading the way, Zweig says. Between the lines: The returns are the latest example of the stock market's increasing...

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Dion Rabouin
Jun 8
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Despite polling disadvantage, betting markets see Trump winning re-election

Despite polling disadvantage, betting markets see Trump winning re-election

Illustration: Aïda Amer/AxiosEven after the White House's delayed response to the coronavirus outbreak, unprecedented job losses and a bruising recession, investors and betting markets are still putting their money on President Trump to win re-election.The big picture: Presumptive Democratic presidential nominee Joe Biden in most national and individual swing state polls — but money managers expect Trump to retake the White House in November. The intrigue: The world's most popular betting destinations show Trump as the clear favorite.What we're hearing: The expectation for Trump to triumph...

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Dion Rabouin
May 11
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Wells Fargo not opening up Paycheck Protection Program, despite Fed facility

Wells Fargo not opening up Paycheck Protection Program, despite Fed facility

Illustration: Sarah Grillo/AxiosWells Fargo Monday night that it will not open up its small business Paycheck Protection Program loans to companies with more than 50 employees, despite an that it would set up a facility to buy the loans from banks.Why it matters: Wells Fargo's announcement shows that even with a Fed backstop one of the country's largest banks will still not be participating in a program designed to help businesses on the verge of collapse because of the coronavirus outbreak.Background: Because of restrictions placed on Wells Fargo after its , the bank has told customers it...

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Dion Rabouin
Apr 7
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The world's other plague: Locust swarms put millions at risk of starvation across Africa and Asia

The world's other plague: Locust swarms put millions at risk of starvation across Africa and Asia

Photo: Tony Karumba/AFP via Getty ImagesIn East Africa, the Middle East and South Asia, traveling swarms of locusts the size of Manhattan are putting potentially hundreds of millions at risk of starvation in what the UN has called the worst outbreak in a quarter of a century.What it means: "Millions will starve because clouds of approximately 80 million desert locusts per square kilometer are voracious," Robert Rotberg, founding director of the Harvard Kennedy School’s Program on Intrastate Conflict.What's happening: The outbreak had been mostly confined to Kenya, Ethiopia and Somalia...

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Dion Rabouin
Mar 10
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Economists warn coronavirus risk far worse than realized - Axios

Economists warn coronavirus risk far worse than realized - Axios

Photo: Anthony Wallace/AFP via Getty ImagesWorries are growing that the economic impact from the will be worse than expected and that markets are being too complacent in factoring it in as a risk.What's happening: The number of confirmed cases has already far outpaced expectations and even those reports are being viewed through a lens of suspicion that the Chinese government is underreporting the figures.Driving the news: Of the 364 companies that have held Q4 earnings calls, 138 cited the term “coronavirus” during the call, and about 25% of those included some impact from the coronavirus...

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Dion Rabouin
Feb 24
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