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☆ Asian Americans favored Harris, but shifted right by 5 points
▼ + stars: | 2024-11-06 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +5 min

Asian American support for Donald Trump was 5 points higher this election cycle than in 2020, marking a slight shift to the right. The NBC News Exit Poll of early and Election Day voters indicated that 54% of Asian American voters chose Harris, while 39% voted for Trump. Harris lost seven points compared to Asian American Pacific Islander (AAPI) support for Biden in 2020. “The pendulum has started to swing back.”Ramakrishan pointed out that previous polling showed that the economy was a major priority for the Asian American electorate. And for the Asian American community, a group that owns more than 3 million small businesses, that perception was particularly effective.

Persons: Donald Trump, Harris, Karthick Ramakrishnan, ”, ” Ramakrishan, you’re, ” Ramakrishnan, Ramakrishnan, Trip Yang, Trump, Bill Clinton’s, Barack Obama, Trump’s, Ramakrishan, “, ” Yang, Biden Organizations: NBC, Trump, American Pacific, Biden, AAPI, Democratic, American, Democratic Party, Republican Party, Asian American, GOP Locations: U.S, Asian American, American, “

Rachael "Raygun" Gunn has announced that her professional break dancing career is over, citing the online reaction to her Paris Olympics performance. The Australian dancer — who went viral for her unorthodox performance at the 2024 Olympic Games — said that while she still breaks, she's not going to compete anymore. She was awarded zero points at the Olympics, leading many to wonder how she qualified for the Games to begin with. As videos of her performances went viral, so did conspiracy theories about her entry into the competition. While her competitive days may be behind her, Gunn seems to have found another way to keep her love for breaking alive.

Persons: Rachael, Raygun, Gunn, —, she's, Jimmy, Nath, It’s, she'd, I’ve Organizations: Paris Olympics, Games, Olympics, Australia

Next door in the 7th District, GOP state Rep. Ryan Mackenzie defeated Democratic Rep. Susan Wild, who had flipped a GOP seat in a 2018 special election. Republicans also flipped an open seat in Michigan’s 7th District, after Democratic Rep. Elissa Slotkin decided to run for the Senate. Because California is notoriously slow in counting ballots, some of the half-dozen hyper-competitive races there — critical to which party wins the House majority — likely will take days. In the 27th District, GOP Rep. Mike Garcia was narrowly beating Democrat George Whitesides with 65% of the vote in. In another California battleground race, NBC News projected Wednesday that GOP Rep. Kevin Kiley has defeated Democrat Jessica Morse.

Persons: Donald Trump, Will Trump, that’s, Kamala Harris, Trump, Mike Johnson, ” Johnson, Hakeem Jeffries, ” Jeffries, Ezra Levin, Brendan Boyle, it's, ”, ” Boyle, “ Trump, Harris, Brandon Williams, Marc Molinaro, Josh Riley, Rob Bresnahan, Matt Cartwright, Ryan Mackenzie, Susan Wild, Wild, Elissa Slotkin, Nick Begich, Mary Peltola, Juan Ciscomani, Kirsten Engel, David Schweikert, Don Bacon, John Duarte, Adam Gray, David Valadao, Rudy Salas, Mike Garcia, Democrat George Whitesides, Michelle Steel, Derek Tran, Ken Calvert, Will Rollins, Kevin Kiley, Jessica Morse Organizations: WASHINGTON, Republicans, White, Senate, Representatives, NBC News, House Republicans, “, Biden, Congressional, Democratic, ”, Democrats, GOP, Empire State, NBC, Republican, Democratic Rep, GOP Rep, Central Valley’s, Democrat, District, longtime GOP, Rep Locations: West Palm Beach , Florida, Pennsylvania, Michigan, D, Virginia, Alabama, Louisiana, New York, Arizona , Oregon, Iowa, Southern California, Greenland, Syracuse, Empire, Pennsylvania’s, District, Michigan’s 7th, Alaska’s, In Arizona, Nebraska, California

To lower housing costs, Trump has said he would allow homes to be built on federally protected land, something that could help increase the supply of homes in places like Nevada and Arizona. TaxesTrump has proposed a number of tax cuts, including a complete elimination of the federal income tax. Those cuts lowered the corporate tax rate to 21% from 35%, reduced individual income tax rates, and increased the standard deduction. That could create havoc for workers and consumers and reduce the amount of income taxes the federal government brings in. About 40% of Social Security recipients pay federal income taxes, typically because they have other sources of income that raise them above a certain threshold where they are required to pay income tax, according to the Social Security Administration.

Persons: Donald Trump, Trump, —, ” Trump, “, Decker, Matt Priest, ”, Priest, It’s, He’s, hasn’t, Immigration Trump, Jim Tobin, Trump’s Organizations: Trump, Chicago Economic, Companies, National Bureau of Economic Research, Footwear Distributors, Retailers, U.S, Federal Reserve, Immigration, Business, Pew Research Center, NBC News, National Association of Home Builders, NBC, University of New, University of Pennsylvania, Social Security, Social, Social Security Administration Locations: U.S, China, Nevada, Arizona, Alaska, Saudi Arabia, Russia, University of New Hampshire

Pennsylvania Senate: Although Trump is projected to win Pennsylvania, the Senate race there is still too close to call. Colorado's 8th District: Democratic Rep. Yadira Caraveo is locked in a tight race in the Denver suburbs against Republican state Rep. Gabe Evans. Ohio's 9th District: Democratic Rep. Marcy Kaptur is locked in an extremely tight race with GOP state Rep. Derek Merrin. Texas' 34th District: Democratic Rep. Vicente Gonzalez faces a rematch against former GOP Rep. Mayra Flores, with Gonzalez slightly ahead. Washington's 4th District: Republican Rep. Dan Newhouse narrowly leads Republican former NASCAR driver Jerrod Sessler.

Persons: Donald Trump, Trump, Kamala Harris, Ruben Gallego, Kari Lake, Gallego, outperforming Harris, Lake, Mike Rogers, Elissa Slotkin, Rogers, Slotkin, Democratic Sen, Debbie Stabenow, Jon Tester, Tim Sheehy, Republican Sam Brown, Jacky Rosen, Republican Joe Lombardo, Catherine Cortez Masto, Bob Casey, Republican Dave McCormick, Tammy Baldwin, Eric Hovde, Baldwin, Republican Nick Begich, Mary Peltola, David Schweikert, Shah, Juan Ciscomani, Sen, Kirsten Engel, Kevin Kiley, Jessica Morse, Josh Harder, Stockton Mayor Kevin Lincoln, John Duarte, Democrat Adam Gray, David Valadao, Rudy Salas, Mike Garcia, Democrat George Whitesides, Young Kim, Joe Kerr, Ken Calvert, Will Rollins, Michelle Steel, Derek Tran, Mike Johnson, Bill Clark, Republican Scott Baugh, Dave Min, Mike Levin, Matt Gunderson, Lauren Boebert's, Adam Frisch, Boebert, Republican Jeff Hurd, Gabe Evans, Frank Mrvan, Republican Randell Niemeyer, Republican Mariannette Miller, Meeks, Christina Bohannan, Jared Golden, Austin Theriault, David Trone's, Frederick, April McClain Delaney, John Delaney, Republican Neil Parrott, Monica Tranel, Ryan Zinke, Harris, Don Bacon, Tony Vargas, North, Don Davis, Republican Laurie Buckhout, Gabe Vasquez, Yvette Herrell, Susie Lee, Drew Johnson, Steven Horsford, North Las Vegas Mayor John Lee, Anthony D'Esposito, Laura Gillen, Josh Riley, Marc Molinaro, Marcy Kaptur, Derek Merrin, Janelle Bynum, Lori Chavez, Andrea Salinas, Mike Erickson, Salinas, Erickson, Ryan McKenzie, Susan Wild, Scott Perry, Janelle Stelson, Vicente Gonzalez, Mayra Flores, Gonzalez, Democrat Eugene Vindman, Republican Derrick Anderson, Vindman, Alexander Vindman, Volodymyr Zelenskyy, Marie Gluesenkamp Perez, Republican Joe Kent, Dan Newhouse, Jerrod Sessler, Sessler, Newhouse, Kim Schrier, Carmen Organizations: Republican Party, NBC, Arizona, Democratic, Marine, Lake, Michigan, GOP, Democratic Rep, Nevada Senate, Republican, Senate, Pennsylvania, . Wisconsin Senate, Republicans, Democrat, California Natural Resources Agency, Stockton Mayor, Capitol, NASA, Virgin Galactic, Democrats, Democratic Army, Inc, Getty, Colorado's, Gary, Miller, Maine's, Rep, NASCAR, Commerce Department, District, Republican Rep, Army, Mexico's, North Las Vegas Mayor, New York's, Ohio's, Freedom Caucus, Trump, Ukrainian Locations: Michigan, Arizona, Nevada, Alaska, Debbie Stabenow . Montana, Montana, Pennsylvania, Washington, California, Phoenix, District, Tucson, California's, Sacramento, Central Valley, Southern California, Riverside County, Colorado's, Denver, Indiana's, Iowa's, Maryland's, Nebraska's, Omaha, North Carolina's, Nevada's, Las Vegas, Oregon's, Pennsylvania's, Texas, Virginia's, Washington's

The results and exit poll data reveal the undercurrents of what has shaped a hotly contested election full of twists and turns. Here are five takeaways from election night 2024. Trump won the support of 45% of Latino voters nationally compared with 53% for Harris, the NBC News Exit Poll found. Harris gains with white women and college graduatesThe election showed signs of a racial realignment: Republicans made gains among nonwhite voters, while Democrats gained a few points among white voters, primarily women. The reason is that the fight for the chamber's majority is playing out on a different battlefield from the one for the White House and the Senate.

Persons: Donald Trump, Kamala Harris, Trump, Harris, Joe Biden’s, George W, Bush, Roe, Wade, Mike Johnson, Hakeem Jeffries, they've Organizations: NBC, Republicans, Senate, Trump, Senate Democrats Democrats, Democratic, Poll, Biden, White, Competitive, Getty Locations: Trump, Pennsylvania, Arizona, West Virginia, Ohio, Texas, Florida, Nebraska, D, New York, California, Washington

Vice President Kamala Harris has won Nebraska’s 2nd Congressional District, NBC News projects, earning an electoral vote from a red state. The historically competitive 2nd District, which includes Omaha and the surrounding suburban areas, has oscillated between Democratic and Republican representation (and presidential winners) in recent years. Nebraska is one of two states that allocates its electoral votes by congressional district. I’m voting for Harris.”Trump’s allies failed in their effort to change Nebraska’s electoral vote allocation back to a winner-take-all system. In a state that has leaned Republican going back decades, had lawmakers reverted to that model, Trump would have captured all five of the state’s electoral votes.

Persons: Kamala Harris, Barack Obama, Joe Biden, Mitt Romney, Donald Trump, Harris, ” Trump’s, Trump Organizations: Congressional District, NBC News, District, Democratic, Republican, Trump Locations: Omaha, Nebraska

Republicans have averted a potential disaster in Nebraska, with NBC News projecting that Sen. Deb Fischer has won re-election to a third term. Fischer faced a surprisingly competitive challenge from independent Dan Osborn, a mechanic and union leader who cast her as a creature of Washington. Fischer's win gives the Republicans 51 Senate seats, putting them over the threshold needed for control of the chamber, NBC News projects. But it has been nearly 20 years since the state elected a Democrat to the Senate, and Republicans typically carry statewide races with ease. Fischer was elected to the Senate in 2012 in a resounding victory over Democratic former Sen. Bob Kerrey, who had also been governor.

Persons: Sen, Deb Fischer, Fischer, Dan Osborn, Donald Trump, Fischer's, Osborn, “ Deb Fischer, she’s, ” Trump, AdImpact, Bernie Sanders, Bob Kerrey Organizations: NBC News, Republican, GOP, NBC, Democrat, Senate, Labor, Washington Examiner, MSNBC, Democratic Locations: Nebraska, Washington

Democrat Angela Alsobrooks has won Maryland’s Senate race, NBC News projects, defeating popular former Republican Gov. Larry Hogan and becoming the first Black woman elected to represent the state in the Senate. It also means that, for the first time in history, Maryland will have a Black senator, governor and mayor of its largest city, Baltimore. Hogan could never quite replicate the support he received from Democrats as governor in his Senate campaign. In Hogan, many Marylanders saw a Republican who represented an increasingly rare version of the party prior to Trump’s takeover.

Persons: Angela Alsobrooks, Larry Hogan, Democratic Sen, Ben Cardin, Alsobrooks, Lisa Blunt Rochester's, ” Alsobrooks, “, David Trone, Hogan, Joe Biden, Sen, Carol Moseley Braun, Donald Trump, David Lublin, ”, “ doesn’t, “ We’re, Candace Turitto, ” Turitto, Wes Moore, Baltimore Mayor Brandon Scott, Francis Scott Key, Moore, there’s Organizations: Senate, NBC News, Republican Gov, Democratic, Democrats, Prince, Trump, American University, ”, Republican, University of Maryland’s, Black, Baltimore Mayor, Francis Scott Key Bridge Locations: Maryland, Baltimore, Delaware, Prince George’s County, ” Lublin, Lublin, “, it’s

AI regulation is likely to change under Trump, but major antitrust cases are unlikely to be impacted. While on the campaign trail, Trump threatened retribution against some tech companies, including jailing Meta chief Mark Zuckerberg. "That is likely to have devastating consequences for US tech companies that sell in foreign markets as well as crippling domestic consumption." AdvertisementBut still, new guidelines won't have much impact on the biggest tech companies, Hay said. Experts fear that, if H1-Bs are restricted under the second Trump administration, the US could lose its competitive edge on the world stage.

Persons: Donald Trump, —, Trump, Elon, marveling, — Musk, jailing, Mark Zuckerberg, Zuckerberg, Mark Lemley, Lemley, Neil Saunders, Chris Walton, Walton, there's, George Hay, Hay, wouldn't, Kamala Harris, Dan Romanoff, Joe Biden, Anna Rathbun, Biden, Rathbun, James Brundage, Ernst, Saunders, Valerie Wirtschafter, Harris, Romanoff, Wirtschafter Organizations: Trump, Big, Service, SpaceX, Big Tech, jailing Meta, Google, Justice Department, Department, Barclays, Stanford Program, Law, Science & Technology, Retail, Target, Apple, Cornell University, Republicans, Morningstar, AT, Time Warner, Republican, Walmart, Brookings, Artificial Intelligence, Emerging Technology Initiative Locations: Americas

☆ Trump wins Georgia, a key victory in the hotly contested purple state
▼ + stars: | 2024-11-06 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Donald Trump has won the state of Georgia. Trump won Georgia in 2016, but Joe Biden flipped the state in 2020. AdvertisementFormer President Donald Trump has won Georgia, according to CNN and NBC News. In 2020, Joe Biden narrowly defeated Trump in the state, eclipsing the Republican by almost 12,000 votes out of nearly 5 million ballots cast. In the 2022 midterm elections, Warnock defeated the GOP candidate Herschel Walker, securing a full six-year term in the Senate.

Persons: Donald Trump, Joe Biden, —, Trump, Kamala Harris, Harris, Tim Walz, Brian Kemp, Stacey Abrams, Raphael Warnock, Jon Ossoff, Ossoff, Republican Johnny Isakson, Warnock, Herschel Walker Organizations: Trump, Georgia, Service, CNN, NBC, Republican, Democratic, GOP, Democratic Party Locations: Georgia . Georgia, Georgia, Atlanta, Augusta, Columbus, Savannah, Minnesota, South Georgia

☆ Trump wins North Carolina, a critical victory in the politically competitive Southern battleground
▼ + stars: | 2024-11-06 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Donald Trump has won North Carolina, according to the AP and CNN. AdvertisementFormer President Donald Trump has won North Carolina, according to the Associated Press and CNN. Both candidates worked hard to reach voters throughout North Carolina, making frequent stops in the state to rev up support among their respective political bases. Western North Carolina, including Asheville, was hit especially hard by Hurricane Helene. Related storiesRelated VideoTrump won North Carolina in 2016 and 2020, but in both instances the margins of victory were under 4 points.

Persons: Donald Trump, Harris, Trump, —, Hurricane Helene, Josh Stein, Mark Robinson, Robinson, Stein, Martin Luther King Organizations: North, AP, CNN, Service, Associated Press, Trump, North Carolina, Democrat, Gov, Republican Locations: North Carolina, Raleigh, Charlotte, Asheville, Hurricane

☆ Republican Tim Sheehy will defeat Sen. Jon Tester in competitive Montana race, CNN projects
▼ + stars: | 2024-11-06 | by ( Eric Bradner | ) edition.cnn.com time to read: +2 min

CNN —Republican Tim Sheehy will defeat three-term Montana Sen. Jon Tester, CNN projects, adding to Republicans’ newly won Senate majority. Montana has long been a deep-red state in presidential elections — and every other statewide office is currently held by a Republican. Still, his seat – alongside Democratic-held seats in two other red states, Ohio and West Virginia – was a prime Republican target this year. One big question mark hovering over the race was a ballot measure that would enshrine the right to an abortion in Montana’s constitution. Montana Republicans have pushed and enacted a series of abortion restrictions in recent years but have seen those largely struck down as unconstitutional by state courts.

Persons: Tim Sheehy, Montana Sen, Jon Tester, Republicans ’, West Virginia –, Bernie Moreno, Jim Justice, Tester, Trump, Sheehy, Republican Matt Rosendale, “, —, Joe Biden’s, Roe, Wade Organizations: CNN, Republicans, Republican, Capitol, Democratic, Navy SEAL, Democrats, Democratic National Convention, . Montana Republicans Locations: Montana, Ohio, West Virginia, Afghanistan, Montana’s

☆ Elon Musk wins big by betting on Trump
▼ + stars: | 2024-11-06 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

Elon Musk used his money, power, and influence to help reelect former President Donald Trump. Musk has spent months strengthening his ties to Trump, using his platform on X to advocate for him and investing over $130 million in pro-Trump efforts. Some suggested Musk's actions might be a risk-hedging strategy to secure Trump's backing if he wins. AdvertisementWhat a Trump win means for Musk's business empireAside from direct influence within the government, a Trump presidency could lead to a lot of wins for Musk's business empire, which includes Tesla, SpaceX, The Boring Company, Neuralink, and X. Coglianese said Musk was also "banking on a president who will want to or be willing to repay Musk for his loyalty."

Persons: Elon Musk, Donald Trump, Trump, Musk, —, Elon, Cary Coglianese, Erik Gordon, Gordon, Francesco Trebbi, Karoline Leavitt, Coglianese, it's, Carl Icahn, Icahn, Joan MacLeod Heminway, Heminway Organizations: Service, Trump, Business, Penn, University of Pennsylvania, University of Michigan's Ross School of Business, Department of Government, Securities and Exchange Commission, Twitter, SpaceX, The Boring Company, Tesla, University of California, Department of Defense, Environmental Protection Agency, University of Tennessee Locations: Pittsburgh, Pennsylvania, Texas, California, University of California Berkeley

☆ Republicans will flip the Senate, CNN projects, shifting balance of power in Washington
▼ + stars: | 2024-11-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +6 min

CNN —Republicans will win the US Senate majority, CNN projects, shifting the balance of power in Washington. Should Harris prevail, she would face problems in confirming members of her Cabinet and judicial nominees, and the GOP Senate could thwart her domestic plans. Jim Justice was projected to pick up the Senate seat vacated by retiring Democrat-turned-independent Sen. Joe Manchin. And in Nebraska, CNN projects that Republican Sen. Deb Fischer will defeat a stronger-than-expected challenge from independent Dan Osborn, who, along with his allies, outspent Republican forces in the state. Alsobrooks will become just the fourth Black woman elected to the Senate after Democrat Lisa Blunt Rochester, the third, was projected to win Delaware’s open Senate seat earlier in the night.

Persons: Donald Trump, Kamala Harris, Harris, Jim Justice, Sen, Joe Manchin, Manchin, wouldn’t, Democratic Sen, Sherrod Brown, Bernie Moreno, Trump, Cruz, Scott, GOP Sen, Rick Scott, Debbie Mucarsel, Powell, Ted Cruz, Colin Allred, Republican Sen, Deb Fischer, Dan Osborn, Osborn hadn’t, Osborn, Jon Tester, Tim Sheehy, Wisconsin Democratic Sen, Tammy Baldwin, Republican Eric Hovde, Elissa Slotkin, Debbie Stabenow, Mike Rogers, Bob Casey, Republican Dave McCormick, Jacky Rosen, Republican Sam Brown, Kyrsten Sinema, Ruben Gallego, Kari Lake, Angela Alsobrooks, Larry Hogan, Hogan, Lisa Blunt Rochester Organizations: CNN, Republicans, GOP, Democratic, Senate, Trump, Representatives, GOP Senate, Republican, West Virginia Gov, Democrat, Democrats, Rep, Navy SEAL, Wisconsin Democratic, ’, House Intelligence, Army, Democratic Rep, Maryland’s Republican, Gov, Black Locations: Washington, Ohio, Florida, Texas, Nebraska, Montana, Michigan, Pennsylvania, Nevada, Arizona, Maryland’s, Alsobrooks

☆ Musk's bet on Trump is already paying off for Tesla
▼ + stars: | 2024-11-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Tesla stock surged 12% in premarket trading following Trump's election victory. Musk's big bet on Trump has boosted analysts' confidence in Tesla's future prospects. AdvertisementElon Musk's big bet on Donald Trump is already paying off for Tesla. AdvertisementIn his victory speech early Wednesday, Trump paid tribute to Musk's efforts, calling him a "super genius" and a "new star." Trump win an 'overall negative' for EV industryDespite the surge in Tesla shares, Trump's victory could be bad news for the wider EV market.

Persons: Elon Musk, —, Elon, Donald Trump, Dan Ives, Musk, Gene Munster, Munster, Trump, Tesla's robotaxis Garrett Nelson, Ives, Nelson, Tesla, BYD Organizations: Trump, Service, Fox News, CNN, Electoral, Wedbush Securities, Tesla, Deepwater Asset Management, EV company's, Tesla's, CFRA Research, EV, Business Locations: Tesla, Butler , Pennsylvania, China

While on the campaign trail, Trump threatened retribution against some tech companies, including jailing Meta's chief, Mark Zuckerberg. "That is likely to have devastating consequences for US tech companies that sell in foreign markets as well as crippling domestic consumption." Hay said that while most presidents wouldn't have any say on existing cases, "Trump is a bit more of a wild card." AdvertisementBut still, he said, new guidelines wouldn't have much impact on the biggest tech companies. There are fears that if H1-Bs are restricted under the second Trump administration, the US could lose its competitive edge on the world stage.

Persons: Donald Trump, —, Trump, Elon, marveling, — Musk, jailing, Mark Zuckerberg, Zuckerberg, Mark Lemley, Lemley, GlobalData's Neil Saunders, Chris Walton, Walton, there's, George Hay, Hay, wouldn't, Kamala Harris, Dan Romanoff, Joe Biden, Anna Rathbun, Biden, he's, Rathbun, James Brundage, Saunders, Valerie Wirtschafter, Harris, Romanoff, Wirtschafter Organizations: Trump, Big, Service, SpaceX, Big Tech, Google, Justice Department, Department, Barclays, Stanford Program, Law, Science & Technology, Business, Retail, Target, Apple, Cornell University, Republicans, Morningstar, AT, Time Warner, Republican, Walmart, Brookings, Artificial Intelligence, Emerging Technology Initiative Locations: Americas

U.S. Speaker of the House Mike Johnson (R-LA) and U.S. House of Representatives Democratic Leader Hakeem Jeffries (D-NY). "As more results come in it is clear that, as we have predicted all along, Republicans are poised to have unified government in the White House, Senate and House," Republican House Speaker Mike Johnson said Wednesday in a statement. "The party that will hold the majority in the House of Representatives in January 2025 has yet to be determined. Democrats poured huge sums of money into House races, trying to flip the lower chamber. They far outspent their Republican rivals in many of the most competitive House races across the country.

Persons: Mike Johnson, Hakeem Jeffries, Donald Trump Organizations: House, Democratic, Republicans, Senate, Republican, NBC News, Congressional, Maine's, GOP Locations: D

☆ Trump vow on new trade war sends shockwaves through supply chain, importers scramble to move up orders
▼ + stars: | 2024-11-06 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +9 min

The global tariff threat is fueling calls for frontloading from all around the globe," he said. But they added it is based on the belief is tariffs increase the costs of trade, in turn lowering demand and volumes. "Shipping is a global industry feeding on international trade, so another Trump presidency is a step in the wrong direction," said Sand. "The knee-jerk reaction from U.S. shippers will be to frontload imports before Trump is able to impose his new tariffs." Logistics companies serving the Mexico to U.S. cross-border trade tell CNBC new Trump tariffs can have a negative impact on historic cross-border truck trade.

Persons: Donald Trump, Trump, Paul Brashier, Brashier, Swift, Ben Slupecki, Morningstar, Lars Jensen, Jensen, Peter Sand, Slupecki, Jefferies, Omar Nokta, Robert Lighthizer, Piper Sandler, Matthew Rubel, USTR, Obama, Peter Boockvar, Stephen Lamar, Lamar, Matthew Shay, Elect Trump Organizations: ITS Logistics, Trump, frontloading, Trucking, Hunt Transport Services, Schneider National, Norfolk Southern, CSX, Republican, U.S ., Maersk, . Shipping, Vespucci, CNBC, Shipping, U.S . Trade, Committee, Trade, White, Bleakley Financial, American Apparel and Footwear Association, National Retail Federation, Congress, Biden, Logistics Locations: United States, U.S, Maersk, East Coast, Mexico

☆ More Iran sanctions and 'drill baby, drill': Oil market's future is still uncertain under Trump
▼ + stars: | 2024-11-06 | by ( Natasha Turak | ) www.cnbc.com time to read: +4 min

Luke Sharrett | Bloomberg | Getty ImagesU.S. oil producers are looking forward to less regulations on crude production under a Donald Trump presidency, meaning higher oil supply and consequently lower prices. At the same time, the increased likelihood of trade wars under Trump could dampen global economic growth and slow oil demand. "But medium-term downside risk to oil demand and thus oil prices from downside risk to global GDP from a potential escalation in trade tensions." watch nowTrump expressed his enthusiasm for increased U.S. oil production while giving a speech from the Republican campaign headquarters in Florida on Wednesday, just hours before his victory was confirmed. "The only thing that will cause drill baby drill to happen is higher oil prices based on these margins."

Persons: St, Luke Sharrett, Donald Trump, it's, Trump, Goldman Sachs, Robert F, Kennedy, Jr, Bobby, Biden, Cole Smead, Smead, Patrick Pouyanne Organizations: Chevron Corp, Bloomberg, Getty, Trump, Republican, West Texas Intermediate, Brent, Smead, Energy Information Administration, CNBC, doesn't Locations: Malo, Gulf of Mexico, Louisiana, U.S, Iran, Florida, Saudi Arabia, Russia, Abu Dhabi

☆ Trump critic turned ally JD Vance elected vice president, offering glimpse at GOP’s potential future
▼ + stars: | 2024-11-06 | by ( Eric Bradner | Alison Main | ) edition.cnn.com time to read: +12 min

From JD Vance Vance and his grandmother Bonnie, whom he called “Mamaw.” From JD Vance Vance poses for a portrait near the US Capitol in January 2017. Astrid Riecken/The Washington Post/Getty Images Vance appears on “Late Night with Seth Meyers” in March 2017. Gaelen Morse/Bloomberg/Getty Images Trump watches as Vance speaks at a rally in Youngstown, Ohio, in September 2022. Scott Olson/Getty Images Vance watches Trump speaks to the media at Manhattan Criminal Court in New York in May 2024. Jeff Kowalsky/AFP/Getty Images Vance speaks to the media in Atlanta after the CNN presidential debate between Trump and President Joe Biden in June 2024.

Persons: Ohio Sen, JD Vance, —, Donald Trump’s, Vance, Trump, Usha Vance —, ”, “ America’s Hitler, Brenna, Bernie Moreno, Donald Trump's, Will Lanzoni, CNN He’s, Mike Pence, Joe Biden, Democratic Sen, Elizabeth Warren of, Vance Trump, Donald Trump Jr, Tucker Carlson, Florida Sen, Marco Rubio, Doug Burgum, Bonnie Vance, Lindsey, James, JD Vance Vance, Bonnie, Astrid Riecken, Seth Meyers ”, Lloyd Bishop, NBCUniversal, Sen, Rob Portman, Jeffrey Dean, Drew Angerer, Matt Gaetz, Marjorie Taylor Greene, Justin Merriman, Julia Nikhinson, Reuters Vance, Gaelen Morse, Jeff Swensen, Vivek, Usha, Ewan, Tim Ryan, Andrew Spear, Mitch McConnell, Markwayne Mullin, Ted Budd, McConnell, Katie Britt, Eric Schmitt, Graeme Sloan, AP Vance, Al Drago, Michael Swensen, Sherrod Brown, “, ” Vance, Jabin Botsford, Mandel Ngan, Scott Olson, Spencer Platt, Jeff Kowalsky, Eva Marie Uzcategui, Brenna Bird, CNN Vance, Tim Walz, ” Will Lanzoni, Mike DeWine, ” DeWine, Kamala Harris —, Roe, ” Weeks, CNN’s Dana Bash Organizations: CNN, Republican, Trump, GOP, Marine Corps, Ohio State University and Yale Law School —, Fox News, Ohio’s Senate, Convention, Democratic, Republican National Convention, Trump’s, North Dakota Gov, Capitol, Washington Post, Senate, Republican Senate, Bloomberg, Getty, Reuters, Ohio, Fair, Mirabel, US, Sipa, AP, Senate Commerce, Science, Transportation, Palestine Fire Department, Conservative Political, Conference, Manhattan Criminal, Getty Images, CBS Broadcast Center, Ohio Gov, Republican Party, Democratic Party Locations: Ohio, Trump’s, Ohio’s, New York, Milwaukee, Ukraine, Elizabeth Warren of Massachusetts, Butler , Pennsylvania, Lago, Florida, Middletown , Ohio, Delaware , Ohio, Newark , Ohio, Greensburg , Pennsylvania, Columbus, Youngstown , Ohio, Batavia , Ohio, Vandalia , Ohio, Cincinnati, Columbus , Ohio, East Palestine , Ohio, East Palestine, National Harbor , Maryland, AFP, Detroit, Atlanta, West Palm Beach , Florida, Springfield , Ohio

☆ Elevator test towers: The skyscrapers where nobody lives
▼ + stars: | 2024-11-06 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

Elevator test towers can go higher still. Elevator test towers are “a bit like a test track for a Formula One team,” said Tomio Pihkala, chief technology officer at Finnish elevator manufacturer Kone, in a phone interview. Like all skyscrapers, elevator towers need to withstand strong winds that can cause swaying and affect test conditions. The resulting oscillation simulates wind and earthquakes, which are among the biggest challenges in elevator development, according to TK Elevator. One of TK Elevator's test towers in Atlanta, Georgia.

Persons: It’s, Sebastian Gollnow, ”, Tomio Pihkala, Xia Yu, ” Pihkala, “ It’s, “, Kone, TK, ” Beate Höhnle Organizations: CNN, Getty, New York, Trade Center, Atlanta —, Battery, Atlanta Braves, Hitachi, New York City —, Formula, Kone Locations: Black, Rottweil, New, Atlanta, Zhongshan, China, of, Guangzhou, New York City, LA, Taipei, Hyvinkää, Finland, Kunshan, Tytyri, Atlanta , Georgia, Swiss

☆ Elon Musk says his super PAC won't go away after the 2024 election
▼ + stars: | 2024-11-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

He says his super PAC will "keep going" after this election and is "preparing for the midterms." Musk said he's interested in combating the influence of George Soros in district attorney races. AdvertisementElon Musk signaled on Tuesday that he plans to remain a major player in American politics, even after the 2024 election. At the end of an X Space on Tuesday evening, Musk told listeners that America PAC, the super PAC that the billionaire businessman has funded with at least $119 million, will "keep going after this election." Musk said that his super PAC was "preparing for the midterms and any intermediate elections, as well as looking at elections at the district attorney level."

Persons: Elon Musk, Musk, he's, George Soros, —, It's, who's, Soros, DAs, Larry Krasner, Koch, Sue Altman Organizations: PAC, Service, America PAC, Soros, GOP, Democrat Locations: Philadelphia, Musk's, New Jersey

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Nike, Ferrari, Amazon, Instacart, Spotify & more
▼ + stars: | 2024-11-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs reiterates Nvidia as buy Goldman said the stock is best positioned ahead of earnings later this month. JPMorgan upgrades Yum China to overweight from neutral JPMorgan upgraded the China operator of brands like KFC following earnings. Wedbush reiterates Tesla as outperform The firm said the EV maker is a big winner of a Trump presidency. Deutsche Bank reiterates Spotify as buy Deutsche said it's bullish heading into the streaming company's earnings report on November 12. JPMorgan downgrades Super Micro to underweight from neutral JPMorgan downgraded the stock following earnings citing too much regulatory uncertainty.

Persons: Bernstein, Apple, Goldman Sachs, Goldman, YUMC, Wedbush, Tesla, Trump, Jefferies, Raymond James, it's, Wells, BURL, Oppenheimer, TD Cowen downgrades Brown, Forman, Cowen, Needham, revs, Ferrari, it's bullish, Mizuho, Monness Crespi Hardt, Snowflake Organizations: Nvidia, JPMorgan, KFC, Trump, Ryman Hospitality, Citi, GE Healthcare, General Electric, Barclays, Tencent, Entertainment, Deutsche Bank, Spotify, Deutsche, Nike, Burlington, GAP, Super Micro, Services, UBS, Ferrari, Data Center, 2027E, Bank of America, of America Locations: China, 2Q24, Snowflake

☆ Republicans win back control of the Senate
▼ + stars: | 2024-11-06 | by ( Geoff Weiss | Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Republicans are projected to retake the majority in the US Senate. AdvertisementRepublicans are projected to regain control of the US Senate after winning seats in West Virginia and Ohio, according to Fox News and the Associated Press, ending four years of Democratic control. Republicans also appeared likely to win a 52nd seat in Montana, where Sen. Jon Tester trailed the GOP candidate Tim Sheehy. Despite dramatically outraising Republicans in many of this year's tightest Senate races, Democrats faced a punishing map and were primarily on defense. Democrats' best pick-up opportunity in the Senate was in Texas, where Republican Sen. Ted Cruz ultimately survived a tougher-than-expected challenge from Rep. Colin Allred.

Persons: —, Sen, Joe Manchin, Sherrod Brown, Bernie Moreno, Deb Fischer, Dan Osborn, Jon Tester, Tim Sheehy, Republican Sen, Ted Cruz, Colin Allred, Kamala Harris, Donald Trump Organizations: Service, Fox News, Associated Press, Democrats, GOP, Republican, Republicans, Senate, Democratic Locations: West Virginia, Ohio, Nebraska, Montana, Pennsylvania , Michigan, Wisconsin, Nevada, Arizona, Texas

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