Business COVID 19

Crude and energy stocks soar as oil rocks the markets

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The S& P 500 goes for eight straight—but futures point to a rough start to the day. Read More

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Trump’s abusing his position by trying to halt vote count, says top international election observer

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The head of the international team sent to monitor the U.S. election has described Donald Trump’s call for a halt to vote-counting as an “abuse of his position” as President. Michael Georg Link, a former foreign minister in the German government of Chancellor Angela Merkel, is leading a team dispatched to the election by the […]
Business COVID 19

The TINA trade is pushing stocks into record territory. What’s the TINA trade?

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This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Buongiorno. Global stocks are heading back to record territory this morning, and U.S. futures too are rebounding on another solid run of earnings from the likes of Twitter and Lyft yesterday. […]
Business

Biden picks Buttigieg to lead transportation—drawing the ire of the progressive left

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On Tuesday, it emerged that President-elect Joe Biden will nominate Pete Buttigieg—the former mayor of South Bend, Ind., and Biden’s former rival for the Democratic presidential nomination—to serve as transportation secretary in his administration. As one of the fastest-rising young stars in the Democratic Party, the 38-year-old was widely tipped for a role in the […]